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2024 Chase Freedom Flex Card 5% Bonus — New Q2 Categories

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The Chase Freedom Flex℠ is a simple card that could easily get overlooked in your wallet. But that would be a mistake because it has tremendous earning potential. Each quarter, the Freedom Flex card has bonus categories that will earn 5% cash-back (or 5x points — see below for details).

The key to this card’s power is knowing how to use the bonus categories for maximum benefit.

In this post, we’ll review the new 5x bonus categories for Q2 2024, plus tips to get the most out of your Freedom Flex card.

New 2024 Q2 5x Bonus Categories

Chase announced that the bonus categories for 2024 Q2 will be Amazon (including Whole Foods), hotels, and restaurants. That means qualifying purchases made in these categories from April 1, 2024, through June 30, 2024 (up to $1,500) will earn 5% cash-back. Any purchases made in these categories over $1,500, plus all purchases at non-bonus stores, will earn 1% cash-back.

Chase Freedom new 5x categories 2024 Q2
The new 5x bonus categories for the Freedom Flex card are Whole Foods, hotels, and restaurants. Image Credit: Chase

These 5% bonus categories will stack with the Freedom Flex card’s regular bonus categories. That means cardmembers will earn 9% cash-back when booking hotels through Chase Travel and 7% cash-back at restaurants.

Benefits of the Freedom Flex Card

Chase Freedom Flex℠
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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 Freedom Flex card is an excellent no-annual-fee card that still earns big with 5% cash-back on travel and other bonus categories.
Earn a $200 bonus after you spend $500 on purchases in your first 3 months from account opening.
$200
$0
0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49%-29.24%.
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-850)

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.

Pros
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49%-29.24%.
  • 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
Cons
    • 3% foreign transaction fees in U.S. dollars
  • 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 20.49%-29.24%.
  • 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.
  • Member FDIC
Financial Snapshot
  • APR: 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49%-29.24%.
  • Foreign Transaction Fees: None
Rewards Center

Chase Ultimate Rewards

The Freedom Flex card is a simple but powerful credit card. This no-annual-fee card offers bonus categories that rotate quarterly. Any purchases in the specified category will earn 5% cash-back (up to $1,500 in purchases each quarter). There are also additional categories that earn 3% to 5% cash-back. All other purchases will earn 1% cash-back.

  • Earn 5% cash-back in quarterly rotating categories (up to $1,500)
  • Earn 5% cash-back on travel purchased through the Chase Travel portal
  • Earn 5% cash-back on Lyft rides (through March 2025)
  • Earn 3% cash-back on dining (including food delivery services)
  • Earn 3% cash-back at drugstores
  • Earn 1% cash-back on all other purchases

In addition to these valuable bonus categories that help you earn tons of cash-back, the Freedom Flex card also has some great additional benefits, including trip cancellation and interruption insurance, purchase protection, and cell phone protection.

Welcome Bonus Offer

The Freedom Flex card is currently offering the following welcome bonus offer:

Earn a $200 bonus after you spend $500 on purchases in your first 3 months.

Hot Tip: The Freedom Flex card is not the same as the Chase Freedom® card. The Freedom Flex card replaced the Freedom card, which is no longer available for new applicants. If you already have a Freedom card, you can still get a Freedom Flex card.

How Your 5% Cash-Back Works

Each quarter, your Freedom Flex card will feature a different bonus category that will earn 5% cash-back (up to $1,500) instead of the standard 1% cash-back. Any purchases over $1,500 in the bonus category, plus all other non-bonus category purchases, will earn 1% cash-back.

If you max out your bonus, you will earn $75 cash-back (or 7,500 Ultimate Rewards points) each quarter or $300 cash-back (or 30,000 points) per year. Not bad for a card with no annual fee!

How To Activate Your Bonus

Each quarter, you must activate your bonus categories. You will be able to activate the next quarter’s bonus categories about 2 weeks before the start of that quarter. Starting March 15, 2024, you can activate your Q2 bonus for 2024.

Activating your bonus only takes a few clicks.

1. Log into to your online Chase account and select your Freedom Flex card from the selections on the left-hand side of your screen.

2. If your bonus needs to be activated, you will see Activate on the Freedom Flex card dashboard. Click the link to continue.

How to activate Freedom Flex bonus categories
You need to activate your 5% cash-back categories each quarter. Image Credit: Chase

3. You will see a detailed description of the bonus categories you’re activating. Click on the big green Activate Now button to complete the activation. That’s all there is to it.

Activate chase freedom 5 categories
Be sure to click the “Activate Now” button each quarter. Image Credit: Chase

Chase offers 4 other ways to activate your bonus:

Each quarter has a deadline for activating your bonus. As long as you activate by the deadline, any qualifying purchases from the entire quarter will earn bonus points.

Once your bonus categories are activated, you will be able to see that they are activated in your online dashboard for your Freedom Flex card.

How To Check Your Progress on the $1,500 Maximum

Maxing out your quarterly bonus is key to making the most of your Freedom Flex card.

  1. To check your progress, click on the blue Details button in your online account. This button will take you to the Freedom Flex card details page, where you can keep track of your progress. Unfortunately, Chase only shows you a general idea of your progress, not an exact dollar amount.
Freedom Flex dashboard
First, you’ll want to head over to your account dashboard. Image Credit: Chase

2. If you want to know how much you have spent down to the penny, you will need to use the Search feature right above the list of your transactions.

How to search on Freedom Flex card
Use the search button to filter your transactions. Image Credit: Chase

3. Under Time Period, select Specific date range. Next, input the start date of the current quarter with the end date being the current day. Then, click on the blue Search button.

This selection will bring up a list of all transactions on your Freedom Flex card in the current quarter. Unfortunately, there is no easy way to select only the purchases in the bonus categories, so you might have to do some manual math.

Search a date range on a Chase credit card
Don’t forget to toggle the dates for the right quarter. Image Credit: Chase

2024 Freedom Flex Card Bonus Categories

Chase Freedom 5x categories
Image Credit: Chase

Q1: January-March

  • Grocery stores (excluding Walmart and Target)
  • Fitness clubs and gym memberships
  • Self-care and spa services (excluding services purchased at hotels)

Q2: April-June

  • Amazon and Whole Foods
  • Hotels booked directly through the hotel or through Chase Travel
  • Restaurants

Q3: July-September

  • TBD

Q4: October-December

  • TBD
Bottom Line:

The new Freedom Flex card categories for 2024 Q2 are Amazon (including Whole Foods), restaurants, and hotels. Purchases made in these categories (up to $1,500) from April 1, 2024, to June 30, 2024, will earn 5% cash-back.

Past Bonus Categories

If you’re on the fence about getting a Freedom Flex card, you might want to know some of the past bonus categories, as they are often repeated.

These are the categories we’ve seen on the Freedom card over the past few years (again, the Freedom Flex card has replaced the Freedom card).

  • Amazon
  • Car rentals
  • Charities
  • Department stores
  • Drugstores
  • eBay
  • EV charging
  • Fitness clubs and gym memberships
  • Gas stations
  • Grocery stores
  • Home improvement stores
  • Internet, cable, and phone services
  • Live entertainment
  • Lowe’s
  • Lyft
  • Mobile wallet payments
  • Movie theaters
  • PayPal
  • Target
  • Wholesale clubs

How To Maximize the Value Of Your Freedom Flex Card

Max Out the Bonus Categories Each Quarter

The key to making the most of this card is to max out your bonus category each quarter. You will earn 5% cash-back on the first $1,500 in purchases in the bonus category, which results in $75 cash-back (or 7,500 points) each quarter. Here are a few tips to help you reach that $1,500 mark without buying a bunch of stuff you don’t need:

  • Lowe’s: You can maximize this bonus category whether you have a home improvement project or want to pick up some gift cards.
  • Amazon.com: This category is easy to leverage for online shopping enthusiasts who have Amazon Prime.
  • Gas Stations: This one might be hard to max out entirely on gas, but many gas stations sell more than just gas. You can earn 5% cash-back on basic groceries and gift cards at gas stations.
  • Grocery Stores: This is one of the easiest categories to maximize because most grocery stores sell gift cards to just about anywhere. If you won’t spend the full $1,500 on groceries, purchase gift cards to stores that you frequent often. Many grocery stores even sell airline and other travel gift cards.
  • Mobile Wallets (Chase Pay, Apple Pay, Samsung Pay, Android Pay): This is another easy category to max out. Many stores now accept these forms of payment.
  • PayPal: More and more websites are accepting PayPal as a form of payment now. Just be sure to link your Freedom Flex card account to your PayPal account.

Can I Turn My Cash-Back Into Points?

The cash-back you earn on the Freedom Flex card comes in the form of points that are each worth 1 cent. You can redeem these for cash-back, or you can book travel through Chase Travel.

However, they can be worth more if you transfer them to a premium card.

SCROLL FOR MORE
Chase Credit CardValue of UR Points (Booking Through Travel Portal)
Chase Sapphire Reserve®1.5 cents
Chase Sapphire Preferred® Card1.25 cents
Ink Business Preferred® Credit Card1.25 cents
Ink Business Plus® Credit Card1.25 cents
Ink Business Premier® Credit Card1 cent
Ink Business Unlimited® Credit Card1 cent
Ink Business Cash® Credit Card1 cent
Chase Freedom Flex℠1 cent
Chase Freedom Unlimited®1 cent
Chase Freedom® Card1 cent

Hot Tip: For some more information about how this all works, check out our in-depth guide to Chase Ultimate Rewards points.

Pair With a Premium Card

If you hold a premium card like the Chase Sapphire Reserve®, Chase Sapphire Preferred® Card, or Ink Business Preferred® Credit Card, you can maximize the value of your Freedom Flex card.

Instead of taking cash-back, you can transfer the points earned on your Freedom Flex card to a premium Chase Ultimate Rewards card (one that charges an annual fee). Transferring points will increase their value when you use them to book travel through the Chase Travel portal.

For example, your 7,500 points are worth $75 in travel through the Freedom Flex card. However, if you transfer them to the Chase Sapphire Preferred card or the Ink Business Preferred card, they would be worth $93.75. If you transfer them to the Chase Sapphire Reserve card, they would be worth $112.50.

Even better, when you also hold a premium card, you’ll have the option of transferring your points to any of the Chase transfer partners. Transferring your points to Chase’s travel partners is the best way to get maximum value from your points. You could get 2, 3, or more cents per point.

Bottom Line: You can get the most value out of your Freedom Flex card by pairing it with a premium card like the Chase Sapphire Reserve card, Chase Sapphire Preferred card, or Ink Business Preferred card.

Final Thoughts

The Freedom Flex card is a great no-annual-fee card that has enormous earning power. This card offers 5% cash-back in bonus categories that rotate quarterly. The new 2024 Q2 categories are Amazon, Whole Foods, hotels, and restaurants. Maxing out your quarterly bonus is a great way to earn tons of Chase Ultimate Rewards points.

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 information regarding the Ink Business Plus® Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer. 

Frequently Asked Questions

What are the 2024 Q2 Freedom Flex card bonus categories?

From April 1, 2024, through June 30, 2024, the Freedom Flex card bonus categories are Amazon (including Whole Foods), restaurants, and hotels.

Is the Freedom Flex card a cash-back card or an Ultimate Rewards-earning card?

The Freedom Flex card is advertised as a straight cash-back card. And while you can absolutely take the cash-back, you can get more value by using earned rewards as Ultimate Rewards points instead. With Ultimate Rewards points, you can book travel directly through Chase Travel. If you have a premium Chase card like the Chase Sapphire Preferred card or Ink Business Preferred card, you can transfer those points to hotel and airline partners for even more value.

How is the Freedom Flex card different from the Chase Freedom Unlimited®?

While these 2 cards have similar names, they are indeed very different. The Freedom Flex card offers 5% cash-back in rotating categories every quarter. The Freedom Unlimited card offers a flat 1.5% cash-back on all purchases. Check out our detailed comparison of the Freedom Unlimited card vs. Freedom Flex card.

When do I need to activate the Freedom Flex card bonus categories?

You can start activating each quarter’s bonus categories about 2 weeks before the start of the quarter. You can activate the bonus anytime in the specified period to earn bonus points for the entire quarter.

  • Q1: Activate anytime between December 15, 2023, and March 14, 2024
  • Q2: Activate anytime between March 15, 2024, and June 14, 2024
  • Q3: Activate anytime between June 15, 2024, and September 14, 2024
  • Q4: Activate anytime between September 15, 2024, and December 14, 2024

I already have the Freedom Unlimited card. Can I still apply for the Freedom Flex card?

Yes! You can absolutely have both of these cards in your wallet, and that’s a great strategy to earn tons of Ultimate Rewards points! However, your application could be denied if you have opened too many cards recently. Chase operates by the 5/24 rule. That means if you have opened up 5 or more credit cards (from any bank, not just Chase) in the last 24 months, you will most likely be denied.

What's the difference between the Freedom card and the Freedom Flex card?

The Freedom Flex card is an updated version that has replaced the Freedom card. If you already have a Freedom card, you can get a Freedom Flex card since they are different (but similar) products. The Freedom card is no longer open to new applications, but the card is eligible for the same bonus categories as the Freedom Flex card.

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About Katie Seemann

Katie has been in the points and miles game since 2015 and started her own blog in 2016. She’s been freelance writing since then and her work has been featured in publications like Travel + Leisure, Forbes Advisor, and Fortune Recommends.

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