The Chase Freedom Flex is a popular cash-back credit card offered by Chase Bank. it’s know for its rotating 5% cash-back categories and other rewards.
Chase Freedom card is a versatile, no-annual-fee credit card that offers a variety of benefits, including cash back on everyday purchases.
What is a Chase Freedom Flex Card?
The Card is a popular no-annual-fee credit card that offers robust cash-back rewards and additional perks. it is part of the chase ultimate Rewards Program, which allows you to earn and redeem rewards for cash back, travel, gift cards and more.
Chase Freedom Flex Benefits
The Chase Freedom Flex card offers a range of benefits that make it a popular choice for earning cash back and enjoy additional protections. Here are the key benefits:
- 5% Cash Back: On rotating quarterly categories (up to $1,500 in combined purchases, activation required).
- 3% Cash Back: On dining (including takeout and delivery) and drugstore purchases.
- 5% Cash Back: On travel purchased through the Chase Ultimate Rewards Portal.
- 1% Cash Back: On all other purchases.
- $200 Bonus after spending $500 on purchases in the first 3 months from account opening.
- 0% APR for 15 months on purchases and balance transfers (then a variable APR applies).
- The card comes with no annual fee, making it a cost-effective option for may users.
- Purchase Protection: Covers new purchases against damage or theft for 120days (up to $500 per claim).
- Extended Warranty Protection: Adds am additional year to eligible U.S. manufacturer warranties.
- Trip Cancellation/interruption Insurance: Reimburses up to $1,500 per person and $6,000 per trip for non-refundable expenses due to covered situations.
- Up to $800 per claim and $1,000 per year for damage or theft when you pay your phone bill with the card (Subject to a $50 deductible).
- 5% Cash Back on Lyft rides through March 2025.
- Free 3-month DoorDash DashPass membership (and discounted membership thereafter).
- Points earned can be redeemed for cash back, travel, gift cards, or experiences. Points can also be transferred to other Chase cards for more valuable travel redemptions.
- The Card works with Apply play, Google Pay, and other mobile wallets for secure, contactless payments.
Read more about: Truth about the Flex Card
Foreign Transaction Fee:
- A 3% fee applies to purchases made outside the U.S., so it’s not ideal for international travel.
Chase Freedom Flex Categories
The Chase Freedom Flex offers 5% cash back on rotating categories each quarter. These categories must be activated to earn the bonus rate. Here’s the 2024 calendar:
| Quarter | Categories | Activation Deadline |
|---|---|---|
| >Q1 (Jan-Mar) | >Grocery stores (Excluding Walmart and Target) >Self-care & spa services >Fitness clubs/gym memberships | March 14, 2024 |
| >Q2 (April-June) | >Amazon.com >Hotels >Restaurants | June 14, 2024 |
| >Q3 (July-September) | >Gas stations >EV charging >Select live entertainment >Movie theaters | > September 14, 2024 |
| >Q4 (Oct-Dec) | >McDonald’s >PayPal >Pet shop/vet services | >December 14, 2024 |
Important Note
- 5% cash back applies to up to $1,500 in combined purchases per quarter. After that, it drops to 1%.
- Activation can be done via the Chase Website, app, or at the branch.
- Purchases made before activation within the quarter are eligible if activated before the deadline.
Credit limit:
The Credit limit on a Chase Freedom Flex card can vary depending on several factors, such as your creditworthiness, income and credit history.
Chase typically offers credit limits starting from around $500 for applicants with limited credit history or lower credit scores, but for those with excellent credit, limits can be much higher, often in the range of $5000 to $10,000 or more.
Factors Affecting Your Credit Limit:
- Credit Scores: Higher Credit scores (typically 700+) may qualify for higher limits.
- Income: A higher income could help you secure a larger credit limit.
- Existing Debt: Your current debit levels and credit utilization ration can also impact the limit.
- Credit History: Those with a longer and more positive credit history may receive higher limits.
If you’re approved for the card, Chase will review your credit profile to determine your limit, but you can request a credit limit increase after some time if your spending habits and payments are responsible.
Sign up bonus
The Chase Freedom Flex Card offers a $200 sign-up bonus after you spend $500 on purchases within the first 3 months from accounting opening. This bonus is a great way to earn cash back quickly after meeting the spending requirements.
In additional to the sing-up bonus, the card also provides excellent rewards on everyday spending, such as 5% cash back on rotating quarterly categories, 3% on dining, and 1% on other purchases.
Note: make sure to activate the quarterly bonus categories to maximize your rewards! you can find more details about the bonus and the card’s features on the Official Chase Website.
FAQs:
You can earn a $200 bonus after spending $500 on purchases within the first 3 months from account opening.
No, the Chase Freedom Flex has no annual fee, making it an excellent choice for those looking to earn rewards without extra costs.
The card offers 5% cash back on rotating categories each quarter, up to $1,500 in combined purchases (activation required). Categories change every 3 months.
You earn 3% cash back on dining (including takeout and delivery) and drugstore purchases, and 1% cash back on all other purchases.
Yes, the Chase Freedom Flex charges a 3% foreign transaction fee, so it’s not ideal for international purchases.
You must activate the 5% rotating categories each quarter through your Chase account (online or mobile app) before making purchases to earn the bonus.
Yes, you can redeem your points for travel through the Chase Ultimate Rewards portal. Points can also be transferred to other Chase travel partners for more value.
Yes, it offers trip cancellation/interruption insurance, purchase protection, and extended warranty protection for eligible purchases.
You earn 5% cash back on travel purchases made through the Chase Ultimate Rewards portal.
Yes, the card offers 0% APR for 15 months on purchases and balance transfers. After that, a variable APR applies.