Edited by: Keri Stooksbury
& Kellie Jez
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The competition for zero annual fee, cash-back credit cards is a fierce one. With credit card issuers constantly trying to one-up each other, 1 card that stands out among the rest is the Chase Freedom Flex℠.
Thanks to its strong combination of point-earning opportunities, benefits, and the ability to be paired with other Chase credit cards, the Freedom Flex card makes a compelling case to be added to anyone’s wallet.
In this post, we’ve outlined all of the best perks and benefits on the card to help you determine if it makes sense for you and your needs.
Before we jump into all of the great benefits of the Freedom Flex card, here is a quick snapshot of some of the card perks, along with information about fees, interest rates, and terms that apply.
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.
The Chase Freedom Flex℠ 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.
The cash-back earned from your Freedom Flex card comes in the form of Chase Ultimate Rewards points that can be redeemed in many different ways (but more on that later). For now, let’s take a look at all the different ways you can earn points with the Freedom Flex card.
Newly approved cardholders of the Freedom Flex card are eligible for a welcome bonus for meeting certain requirements within their first 3 months.
With the Freedom Flex card, you’ll earn 5% back per $1 spent on quarterly rotating bonus categories on up to $1,500 in spending. Past categories have included gas, groceries, Amazon, and PayPal payments.
With the $1,500 cap, this gives you the opportunity to earn up to 7,500 Ultimate Rewards points per quarter.
Cardholders earn 5% back on purchases made through the Chase Ultimate Rewards travel portal. This can include things like flights, hotels, car rentals, cruises, etc.
The Freedom Flex card earns 3% back per $1 on all dining purchases, including takeout and eligible delivery services, making it a great option for those that dine out frequently.
Similar to dining, the Freedom Flex card earns 3% back per $1 at drugstores like Walgreens or CVS. This is especially useful as the Freedom Flex card is one of the few rewards credit cards to offer drugstores as a bonus category.
For all purchases outside of these bonus categories, you’ll still earn 1% back per $1 spent.
Once you’ve got a nice stash of Chase Ultimate Rewards points, you’ll have several options for how you can redeem them.
All of your Chase Ultimate Rewards points can be redeemed for cash-back as a statement credit to offset any purchases you’ve made on your card. When you redeem points this way, each point is worth 1 cent per point — making 20,000 Ultimate Rewards points worth $200 in statement credits.
You can also redeem your points through the Chase Ultimate Rewards travel portal to offset any travel purchases you make like airfare or hotel stays. As with statement credits, this method offers 1 cent per point toward such purchases.
Pairing your Freedom Flex card with a premium Ultimate Rewards card like the Chase Sapphire Preferred® Card or Chase Sapphire Reserve® will allow you to pool your points together and transfer them out to one of the Chase airline or hotel travel partners.
For those who love traveling, this is where you can really get outsized value for your Chase Ultimate Rewards points. By using transfer partners, you can turn your points into first/business class flights or luxury hotel stays!
This is one of the best credit card combinations out there!
Chase also has a few other redemption options available to cardholders:
Each of these options offers a value of 1 cent per point, so if any of these sound interesting, you’re really just better off redeeming for a statement credit as opposed to tying your points up with a specific merchant or purchase.
When you rent a car and pay for it with your Freedom Flex card, you’re covered in the case of theft or accidental damage to the car. Keep in mind that this is secondary insurance, though, meaning you must file with your primary insurance provider first.
If you’ve purchased a trip with your Freedom Flex card and your trip is canceled or cut short by sickness, severe weather, and other covered situations, you can be reimbursed up to $1,500 per person and $6,000 per trip for any non-refundable expenses.
When you make a purchase with your Freedom Flex card, that purchase is covered for 120 days against damage or theft up to $500 per claim and $50,000 per account.
When you pay your monthly cell phone bill with your Freedom Flex card, you’re protected against covered theft or damage to your phone up to $800 per claim and $1,000 per year. You’re limited to a maximum of 2 claims in a 12-month period with a $50 deductible per claim.
Products purchased with the Freedom Flex card extend the time period of the warranty by an additional year on eligible warranties of 3 years or less.
Those who have a large upcoming purchase will love that the card offers an introductory 0% APR period. With this, when you make purchases on the card, no interest will be charged on those purchases for the entire duration of the 0% period.
Similar to Amex Offers, Chase extends targeted merchant offers to cardholders that can save you money for purchases you were planning to make anyway. These offers usually come in the form of a statement credit, and the offers on your card will vary from month to month.
Freedom Flex cardholders get 3 months of free DashPass, DoorDash’s subscription service that provides unlimited deliveries for a $0 delivery fee on eligible orders over $12. If you enjoy the DashPass service and want to continue using it after the initial 3 months, you can renew your DashPass subscription at 50% off for another 9 months. Your free subscription must be activated by December 31, 2024.
Through March 2025, cardholders will earn 5x Ultimate Rewards points per $1 on all Lyft rides. So, if you’re someone who takes rideshare services often, these extra points can really add up!
World Elite Mastercards offer a handful of benefits to help you get even more value out of your Freedom Flex card.
The Freedom Flex card is one of the best overall Mastercards in terms of points and rewards.
With all the benefits and point earnings packed into the Freedom Flex card, one of its best features is that it charges no annual fee!
This makes it a great long-term card to hold because as your travel and spending needs change, you’ll never need to worry about whether you’re getting enough value from the card.
Want to earn even more points? You can do so by adding an authorized user to your card for no extra charge. Authorized users earn points at the same rate as the main cardholders, and all points are pooled together into the main account.
Freedom Flex cardholders receive access to the Chase Dining hub via Ultimate Rewards online, which offers members benefits like:
Cardholders are eligible for a complimentary 3-month membership to Instacart+ and a quarterly credit of $10 to use for grocery delivery. Registration by July 31, 2024 is required.
For those who spend a lot of dining and entertainment and don’t mind paying an annual fee, the Capital One Savor card is worth considering. The card earns 4% cash-back on dining and entertainment, 2% at grocery stores, and 1% on all other purchases.
As you can see, there is plenty to love about the Freedom Flex card. The card is a strong Ultimate Rewards points earner and offers flexible redemption options for whatever fits you best. Plus, you get great shopping and travel protections, along with Lyft, DoorDash, and Mastercard World Elite benefits.
Better yet, if you have a premium Ultimate Rewards earning card like the Chase Sapphire Reserve card, Chase Sapphire Preferred card, or the Ink Business Preferred® Credit Card, you’ll have access to a powerful card combo that allows you to pool your points for huge travel savings.
So if you’re someone who values Chase Ultimate Rewards points, are looking for a no-annual-fee card, and can make use of the cards bonus categories, then the Freedom Flex card would make a great addition to your wallet.
The information regarding the Capital One Savor Cash Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Chase Freedom Flex℠ was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Chase Freedom® Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The Freedom Flex card does not charge an annual fee.
If you’re looking for a card with no annual fee, flexible redemption options, and a lot of solid bonus categories, then yes, the Freedom Flex card is a great option.
Yes, the Freedom Flex card is entirely separate from the Chase Freedom® card. So if you have, or have had, the Freedom card already, you’re still eligible to apply and receive the welcome bonus on the Freedom Flex card.
You also have the option of calling Chase to product change your Freedom card into the Freedom Flex card.
Yes, despite the Freedom Flex cards travel benefits it charges a 3% foreign transaction fee. You will not want to use this card when traveling overseas.
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