Credit Cards » Credit Card Reviews » Chase Freedom Flex Credit Card: 2022 Review
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Chase Freedom Flex Credit Card: 2023 Review

Chase Freedom Flex is a cashback card for those with good to excellent credit. The 1% cash back is average but 5% quarterly bonuses increase your cash back.
Author: Lorraine Smithills
Lorraine Smithills

Writer, Contributor

Experience

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.

Review & Fact Check: Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Financial Expert, The Smart Investor CEO

Experience

Baruch Mann (Silvermann) is a financial expert and founder of The Smart Investor. Above all, he is passionate about teaching people how to manage their money and helping millions on their journey to a better financial future.
Author: Lorraine Smithills
Lorraine Smithills

Writer, Contributor

Experience

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.

Review & Fact Check: Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Financial Expert, The Smart Investor CEO

Experience

Baruch Mann (Silvermann) is a financial expert and founder of The Smart Investor. Above all, he is passionate about teaching people how to manage their money and helping millions on their journey to a better financial future.

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Chase Freedom Flex℠ Card

Chase Freedom Flex

Rewards Plan

1-5% 5% cash back on up to $1,500 in combined purchases on selected categories each quarter and 5% cash back on travel purchased through Chase Ultimate Rewards®. Also, you can earn 3% cash back on dining at restaurants (including takeout and eligible delivery services), drugstore purchases , and 1% on all other purchases

Sign up Bonus

$200 $200 bonus after you spend $500 on purchases in the first 3 months from account opening

Credit Rating

Good – Excellent

0% Intro

15 months on purchases and balance transfers

Annual Fee

$0

APR

19.49% – 28.24% variable

On Chase’s Secure Website

Chase Freedom Flex℠ Card

Chase Freedom Flex

On Chase’s Secure Website

Rewards Plan

1-5% 5% cash back on up to $1,500 in combined purchases on selected categories each quarter and 5% cash back on travel purchased through Chase Ultimate Rewards®. Also, you can earn 3% cash back on dining at restaurants (including takeout and eligible delivery services), drugstore purchases , and 1% on all other purchases

Sign up Bonus

$200 $200 bonus after you spend $500 on purchases in the first 3 months from account opening

0% Intro

15 months on purchases and balance transfers

PROS

CONS

APR

19.49% - 28.24% variable

Annual Fee

$0

Balance Transfer Fee

$5 or 5% (the greater)

Credit Requirements

Good – Excellent

The Chase Freedom Flex℠ Card does not come with an annual fee and offers 5% cash back on up to $1,500 in combined purchases on selected categories each quarter and 5% cash back on travel purchased through Chase Ultimate Rewards®. Also, you can earn 3% cash back on dining at restaurants (including takeout and eligible delivery services), drugstore purchases , and 1% on all other purchases.

The card offers a nice sign up bonus of $200 bonus after you spend $500 on purchases in the first 3 months from account opening. Lastly, you are eligible for a lengthy 0% intro APR for 15 months on purchases and balance transfers, then 19.49% - 28.24% variable.

The Chase Freedom Flex is one of the most popular cards for those who have good credit. However, if you want a card that does not have changing bonuses every quarter you may want to look for a card that offers higher cash back on all purchases. 

  • 0% Intro APR on Purchases and Balance Transfers
  • Protection & Free Credit Score
  • Other Bonuses
  • Cashback Rewards
  • Sign Up Bonus
  • No Annual Fee
  • Pool Points
  • Bonuses has a Cap
  • Fees
  • Chase Restrictions
  • High APR

Does Chase Freedom Flex offer pre approval?

Yes, you can get pre-approval. This provides you with a greater level of flexibility and you do not have to initially subject yourself to a hard credit check.

What are the top reasons NOT to get it?

If you make a lot of purchases not covered by the respective categories and will only get 1% cashback on them. You may also travel a lot and not want to pay the 3% foreign exchange transaction charge that comes with this card.

Should You Move to Chase Freedom Flex card?

This is a good fit for people who are looking for good cashback rates, as well as getting access to quarterly bonus categories for enhanced rates.

How do I redeem cashback on the Chase Freedom Flex card?

You go to the Ultimate Rewards section that Chase has on offer and you can choose between the options as to how you utilize the rewards.

In This Review..

Benefits

Let’s take a look at the benefits of the Chase Freedom Flex card and see if it’s the right one for your wallet or not.

If you are looking to save money on interest, the Chase Freedom card Flex offers a 0% introductory rate for 15 months on purchases and balance transfers (then 19.49% – 28.24% variable). 

If you have a credit card that you are trying to pay down, you can transfer the account and pay no interest on the transfer for 15 months.  Also, you can charge up the card and pay no interest for 15 months. This is great if you have a big purchase in mind and want to pay over time.

The Chase Freedom Flex card has zero liability, purchase protection, chip- enabled security and auto rental collision damage waiver. These features help give you peace of mind. Also, the Chase Freedom Unlimited® card will also update you monthly with what your credit score is. 

You can check this by signing into your online account. This is offered through Credit Journey and is based on your Transunion credit report.

There are a couple of other opportunities you can take advantage of in order to increase your bonuses with the Chase Freedom Flex card. 

Also, you can get $100 for referring a friend. 

Chase Freedom Flex offers 5% cash back on up to $1,500 in combined purchases on selected categories each quarter and 5% cash back on travel purchased through Chase Ultimate Rewards®. Also, you can earn 3% cash back on dining at restaurants (including takeout and eligible delivery services), drugstore purchases , and 1% on all other purchases

You can get a $200 bonus after you spend $500 on purchases in the first 3 months from account opening after signing up.

This bonus has a low threshold compared to other cards; in fact, many other credit cards have sign-up bonuses that require thousands to be spent in the first few months in order to get the bonus.

Many of the rewards cards that offer higher rewards than Chase Freedom Flex  have annual fees which end up eating into the rewards. 

The Chase Freedom Flex card does not have an annual fee.

If you hold other cards with Chase such as the business credit card product or Ink Business Preferred® Credit Card, you can pool your points to earn ever bigger rewards, cash back, or travel points. 

This is a great feature but be aware that rewards are not always a dollar for dollar transfer. Usually cashback is the best value.

Drawbacks

Here are the most important cons you should consider before apply:

Chase Freedom Flex Rotating quarterly categories earn 5% rewards up to a combined quarterly of $1,500 maximum.

So if you are a big spender and looking to juice your bonuses, keep track of your spending in the bonus categories. 

There is a balance transfer fee required if you want to take advantage of the introductory 0% APR rate. Intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening.  After that, either $5 or 5% (the greater) of the amount of each transfer. 

Chase Freedom Flex has a 3% fee for each transaction in another country. If you are traveling outside of the US you may want to leave this card at home.

Chase Bank has a well-known rule that does not allow customers to sign up for multiple cards and receive multiple sign-up bonuses within a 24-month period. 

That means some who want to apply for the large sign-up bonus may not be eligible if they have received another Chase card with a sign-up bonus previously.

The APR for the Chase Freedom Flex card is a 19.49% – 28.24% variable, which is high for a card that requires borrowers with good credit histories.

Is the Chase Freedom Flex Right for You?

Chase Freedom Flex is a cashback card for those with good to excellent credit. 

The 1% cash back is average but 5% quarterly bonuses increase your cash back. The 5% bonus does have a cap and if you are a bigger spender you may want to look to other cards that offer a higher cap for cash back on all purchases. It does have a generous sign up bonus and introductory APR period, but beware of the transfer fee if wanting to take advantage of the 0% APR. 

If you travel overseas – this card should be left at home, with a 3% transaction fee outside of the United States that will eat up your cash back rewards. If you want a card that does not have changing bonuses every quarter or  if you do not max out on the bonus categories each quarter – you may want to look for a card that offers higher cash back on all purchases. 

Compare The Alternatives

There are other credit cards that do offer comparable cash back rewards – we’ve summarized the most popular cards which can use as an alternative to the Chase Freedom Card:

FAQ

Yes, when you rent the car and pay for all of its cost with this card and do not accept coverage from the rental company. Please review the terms and conditions before to make sure you're covered.

 

 There are no specific income requirements outlined and you will usually not be asked to provide any type of proof of income in order to get one of these cards.

 

The points don’t expire as long as your account remains open. Therefore, you are able to build them up over time and not worry about having to use them straight away.

To maximize rewards, you should make sure that you take advantage of the bonus categories and leave the other types of purchases that are not covered by an enhanced rate to another card. This is because you will only get 1% cashback on non-covered purchases.

Review Cash Back Credit Cards

Lorraine Smithills

Lorraine Smithills

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.
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Offers From Our Partners

Chase Freedom Flex

Rewards Plan:
1-5% 5% cash back on up to $1,500 in combined purchases on selected categories each quarter and 5% cash back on travel purchased through Chase Ultimate Rewards®. Also, you can earn 3% cash back on dining at restaurants (including takeout and eligible delivery services), drugstore purchases , and 1% on all other purchases
Welcome Bonus: $200 $200 bonus after you spend $500 on purchases in the first 3 months from account opening

chase freedom unlimited card

Rewards Plan:
1.5% – 5% 5% on travel purchased through Chase Ultimate Rewards, 3% on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases and 1.5% cash back on all purchases
Welcome Bonus: Up to $300 additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year)- worth up to $300 cash back
Chase Slate Edge℠
0% Intro: 18 month on purchases and balance transfer
Welcome Bonus / Rewards: None

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The product offers that appear on this site are from companies from which this website receives compensation. 

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Editorial Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

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In order to determine the best possible credit cards, we look at things like fees, interest rates and rewards. We do this with companies that are associated with us as partners as well as other offerings. From there, we make a decision about what the best card is related to different categories and needs. We focus on interest rate cost & fees, especially the cost of carrying a balance, rewards – cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely usability – cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting. We also consider customer reviews.

We look at cards related to good or excellent credit ratings that will then provide a range of different benefits and improvements for someone who has these scores. We also look at low fees when it comes to those who have lower credit scores.