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Chase Freedom Flex Card – Full Review [2022]

Name: Chase Freedom Flex Card – Full Review [2022]
Item: Chase Freedom Flex Card
Rating: 4.5
Author: Jarrod West

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"Maximize Cash-back and Rewards With This Excellent Points Sidekick"

The Freedom Flex card is an excellent no-annual-fee card that still earns big with 5% cash-back on travel and other bonus categories.

Learn More (at Chase's secure site)

Jarrod West

- UPDATED: May 10, 2022

The Chase Freedom Flex℠ Credit Card sure does pack quite a punch — especially for a no-annual-fee card.

The Freedom Flex card is an incredible option for those looking for a well-rounded cash-back card, or a powerful point-earner when paired with a premium card in the Ultimate Rewards family.

So let’s have a look at what makes the Freedom Flex card so compelling.

Pros

Powerful cash-back earner: 5% back on quarterly categories and travel purchases through Chase Ultimate Rewards, 3% back on dining and drugstore purchases, and 1% back on all other purchases
No annual fee
Ability to pool points
Mastercard World Elite benefits

Cons

3% foreign transaction fees in U.S. dollars

Freedom Flex - Card Fees

Welcome Bonus & Info (Partner Content)
- Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
- 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
- 5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more
- 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1% cash back on all other purchases.
- No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
- 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.24% - 23.99%.
- No annual fee - You won't have to pay an annual fee for all the great features that come with your Freedom Flex℠ card
- Keep tabs on your credit health - Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.
Card Categories:
Rewards Center
Chase Ultimate Rewards
Customer Service Number
800-935-9935 (Available 24/7)
Login Link
https://www.chase.com/
Related Articles
- Best Benefits of the Chase Freedom Flex Card
- Chase Freedom Flex Card Quarterly Bonus Categories

Great Card If

You want a card with a strong cash-back earning structure
You want a card with no annual fee
You want a card that earns flexible rewards

Don't Get If

You want a premium credit card that offers travel benefits and perks

Freedom Flex - Fees

Annual Fee
- $0
Foreign Transaction Fees
3% of each transaction in U.S. dollars.
Interest Rates
- 0% intro APR on purchases for 15 months
- Ongoing APR: 15.24% to 23.99% variable
Late fees
- Up to $39
- Penalty APR: Up to 29.99% variable
Balance Transfers
- 0% Intro APR on Balance Transfers for 15 months
- Ongoing APR: 15.24% to 23.99% variable
- Intro Fee: Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days
- Ongoing Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
Cash Advance APR
- 25.24% variable
- Fee: Either $10 or 5% of the amount of each transaction, whichever is greater.

Freedom Flex Card - Is It Worth It?

Person Looking at Airport Arrival And Departure Boards — Use the points from your Freedom Flex card for cash-back or travel rewards. Image Credit: Erik Odiin via Unsplash

There are 2 types of people who would find the Freedom Flex card very worth it.

The first is anyone looking for a strong cash-back card that charges no annual fee. With 5% cash-back on quarterly categories (up to $1,500 in spend) and travel purchases and 3% back on dining and drugstores, the amount of cash-back you can earn can amount to significant savings.

The second type is people looking to earn as many points as possible to maximize travel rewards by pooling points with a premium Ultimate Rewards card such as the Chase Sapphire Preferred® Card or Chase Sapphire Reserve®.

How is this possible? When you transfer the points earned from your Freedom Flex card to a premium Ultimate Rewards card, your points are then worth 25% to 50% more when redeemed through the Ultimate Rewards travel portal, or even more when transferred to one of the Chase airline or hotel transfer partners.

Freedom Flex Card Top Benefits

Freedom Flex Card Protections

The Freedom Flex card offers some great insurance benefits, especially for a no-annual-fee card!

Cell Phone Protection — You’re covered against theft or damage to your phone for up to $800 per claim and $1,000 per year when you pay your monthly cell phone bill with your card. Maximum of 2 claims each year with a $50 deductible per claim.
Purchase Protection — Items you buy with your card are covered for 120 days from the purchase date against damage or theft for up to $500 per claim and $50,000 per account.
Extended Warranty Protection — This coverage adds 1 additional year to warranties of 3 years or less.
Trip Cancellation/Interruption Insurance — For a trip that is canceled or cut short, you can be reimbursed for nonrefundable travel expenses for up to $1,500 per person and $6,000 per trip.
Rental Car Insurance — Secondary rental car insurance covers accidental damage or theft of your rental car.

How To Earn and Redeem Your Chase Ultimate Rewards Points

All of the cash-back you earn with your card comes in the form of Chase Ultimate Rewards points, which is great because Chase Ultimate Rewards points are some of our favorite points to earn. Given that, you’ll want to use multiple strategies to earn lots of Chase points.

For the most part, your best option when it comes to redeeming points on your Freedom Flex card is for cash-back. That is unless you pair your card with a premium Chase card such as the Chase Sapphire Preferred card or Chase Sapphire Reserve card, which gives you access to airline and hotel transfer partners. Through partners, you can then redeem your Chase points for huge value.

Alternative Cards to the Freedom Flex Card

Chase Freedom Unlimited®

If you like most of what the Freedom Flex card has to offer, but prefer not to deal with keeping up with rotating bonus categories, then the Freedom Unlimited card is a great option. It offers all of the same bonus categories as the Freedom Flex card, except instead of 5% back on rotating bonus categories you’ll earn an uncapped 1.5% back on all non-bonused purchases.

Capital One Savor Rewards Credit Card

Credit Card	Benefits & Info
Capital One Savor Cash Rewards Credit Card Learn More (at Capital One's secure site)	Earn a one-time $300 cash bonus after you spend $3,000 on purchases within the first 3 months from account opening. Earn unlimited 4% cash-back on dining and entertainment, 3% at grocery stores and 1% on all other purchases. Annual Fee: $95

If you spend a lot on dining and entertainment purchases, consider the CapOne Savor card that earns 4% cash-back on dining, entertainment, and popular streaming services, plus 3% at grocery stores, and 1% on all other purchases.

The information regarding the Capital One Savor Rewards Credit Card and Chase Freedom® card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

Featured Image Credit: Chase

Frequently asked questions

Is the Freedom Flex card a good card?

The Freedom Flex card is an excellent option for those looking to earn cash-back or for those looking for a complementary card to their Chase Sapphire Preferred card or Chase Sapphire Reserve card.

Does the Freedom Flex card have an annual fee?

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

Does the Chase 5/24 rule apply to the Freedom Flex card?

Yes, the Freedom Flex card is subject to the Chase 5/24 rule. If you have opened 5 or more new accounts in the last 24 months, you will not be eligible for the card.

Are you eligible for the Freedom Flex card if you already have the Chase Freedom® card?

Yes, the Freedom Flex is a different product than the Chase Freedom card, so you are eligible to apply for it if you already have a Freedom card. Similarly, you can also call Chase to ask to product change your Freedom card into a Freedom Flex card.

Does the Freedom Flex card charge foreign transaction fees?

Yes, the Freedom Flex card charges a 3% foreign transaction fee, so you should not use this card for international travel.

Do Chase Ultimate Rewards points expire?

Your Chase Ultimate Rewards points will never expire as long as your account remains open and in good standing.

About Jarrod West

Jarrod has been writing about credit cards and loyalty programs, along with various travel and finance topics, for over 5 years. As an expert in the field, he is regularly called upon to comment on the latest news in the space, and has been featured in publications like the New York Times, Matador Network, and Yahoo Finance. With a B.S. in Economics earned from Northern Kentucky University, Jarrod uses his experience to analyze the best credit cards and rewards programs for readers. He also regularly attends conferences to learn and share ideas with fellow travelers. So, if you see him at conferences like TravelCon, CardCon, or Frequent Traveler University, be sure to stop and say hello!

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