Credit Cards » Credit Card Reviews » Chase Freedom Flex Credit Card: 2022 Review
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Chase Freedom Flex Credit Card: 2022 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: Jack Wickens
Jack Wickens

Writer, Contributor

Experience

Jack is a personal finance writer who has been writing for more than a decade. His passion for educating consumers and helping everyday families earn more and live better. He is most knowledgeable with years of experience covering topics such as savings, budgeting, and responsible credit use and always happy to share his expertise with readers.

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: Jack Wickens
Jack Wickens

Writer, Contributor

Experience

Jack is a personal finance writer who has been writing for more than a decade. His passion for educating consumers and helping everyday families earn more and live better. He is most knowledgeable with years of experience covering topics such as savings, budgeting, and responsible credit use and always happy to share his expertise with readers.

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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In This Review..

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 16.49% – 25.24% 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. 

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

16.49% - 25.24% variable

Annual Fee

$0

Balance Transfer Fee

$5 or 5% (the greater)

Credit Requirements

Good – Excellent

Card & Issuer Reputation

  • 4.5/5 on Official Card Website customers reviews ( +14,800 reviews): Customers can express their opinion on the official card website. It reflects the overall measurement of reviewer satisfaction, represented numerically from 1 to 5.
  • 809/1000 on J.D Power: Chase got 809 out of 1000 available points on J.D. Power credit card satisfaction survey, a bit lower than the industry average. J.D Power offers the most comprehensive and independent study of customer satisfaction of card issuers . The study aims to help consumers and issuers to understand user opinions and ratings of the largest bands. It covers terms, benefits, services, communication, rewards and more.

J.D. Power U.S. Credit Card Satisfaction Study 2020

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 16.49% – 25.24% 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

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AMERICAN EXPRESS gold card

Rewards Plan:
1x – 4x Points 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus: 60,000 points 60,000 Membership Rewards® Points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership
Upgrade Visa® Card with Cash Rewards
Rewards Plan:
1.5% cash back 1.5% cash back on payments
Welcome Bonus: $200
chase_sapphire_preffered
Rewards Plan:
2x-5x points 5x total points on travel purchased through Chase Ultimate Rewards, 3x points on dining and 2x on other travel purchases. Plus, earn 1 point per dollar spent on all other purchases
Welcome Bonus: 60,000 points 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening

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

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.

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

Advertiser Disclosure

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

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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 16.49% – 25.24% 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. 

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U.S. Bank Altitude® Go Visa Signature® Card

Rewards Plan:
Up to 4X points 4x points at restaurants, take-outs & deliveries, 2x points at supermarkets, gas stations & streaming servicesm and 1 point for 1 dollar on all other purchases
Welcome Bonus: 20,000 points 20,000 bonus points when you spend $1,000 in eligible purchases within the first 90 days of account opening
citi double cash
Rewards Plan:
2% cashback 2% cash back rewards rate – 1% every time you swipe and another 1% upon payment.
0% Intro: 18 months on balance transfers
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

Advertiser Disclosure

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

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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:

Wells Fargo active cash card

chase freedom unlimited card

Bank of America® Customized Cash Rewards

Wells Fargo Active Cash℠ Card
Chase Freedom Unlimited®
Bank of America® Customized Cash Rewards credit card
Annual Fee
$0
$0
$0
Rewards
2% 2% cash rewards on purchases (unlimited)
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
1-5% cash Back 3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings, 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases. The 3% and 2% cash back available on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter (then 1%)
Welcome bonus
$200 $200 cash rewards bonus when you spend $1,000 in purchases in the first 3 months
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
$200 $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening
Foreign Transaction Fee
3%
3%
3%
Purchase APR
16.49%-26.49% variable
16.49% – 25.24% variable
16.24% – 26.24% variable APR on purchases and balance transfers

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.

 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.

 

 

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.

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.

 

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AMERICAN EXPRESS gold card

Rewards Plan:
1x – 4x Points 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus: 60,000 points 60,000 Membership Rewards® Points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership

citi_premier_card

Rewards Plan:
Up to 3X points 3X points per dollar on restaurant, supermarket, gas station, hotel and air travel purchases, and 1X points per dollar on all other purchases
Welcome Bonus: 80,000 points 80,000 points after you spend $4,000 in the first 3 months of account opening
Rewards Plan:
Unlimited 1-4% unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.
Welcome Bonus: $300 $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening

Advertiser Disclosure

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

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.

 

 

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.

 

 

Review Cash Back Credit Cards

Top Offers From Our Partners

AMERICAN EXPRESS gold card

Rewards Plan:
1x – 4x Points 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus: 60,000 points 60,000 Membership Rewards® Points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership

citi_premier_card

Rewards Plan:
Up to 3X points 3X points per dollar on restaurant, supermarket, gas station, hotel and air travel purchases, and 1X points per dollar on all other purchases
Welcome Bonus: 80,000 points 80,000 points after you spend $4,000 in the first 3 months of account opening
Rewards Plan:
Unlimited 1-4% unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.
Welcome Bonus: $300 $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening

Advertiser Disclosure

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

Best Cards Per Category
Best Cards Per CS
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

Advertiser Disclosure

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

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.