The Chase Freedom Flex card just isn’t at present certainly one of our top-rated cash-back bank cards. Please see the listing of our greatest money again bank cards to see what we really feel are higher choices.
Full Overview of the Chase Freedom Flex Card
desk of contents
- Execs Defined
- Cons Defined
- Who This Card Is Finest For
- One-Time Bonus
- Rewards Incomes Particulars
- Rewards Redemption Particulars
- Transferring Factors
- Learn how to Maximize Your Rewards
- Excellent Advantages
- Customary Advantages
- Cardholder Expertise
- Safety Options
- Charges to Watch Out For
- Ultimate Verdict
- Incessantly Requested Questions
Execs
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A number of high-earning rewards classes
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Substantial one-time bonus for a no-annual-fee card
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Journey cancellation and interruption insurance coverage
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Cellphone insurance coverage safety
Cons
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Costs overseas transaction charges
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Mediocre incomes fee on all different purchases
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Should activate quarterly rotating 5% cash-back classes
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5% money again in rotating classes is restricted
Execs Defined
- A number of high-earning rewards classes: This card options a number of classes that earn greater than the 1% base cash-back fee. These embrace 5% money again on as much as $1,500 on mixed purchases in bonus classes every quarter you activate. Earn 5% money again on journey bought by means of Chase Final Rewards, 3% on eating at eating places, together with takeout, eligible supply providers, and drugstores.
- Substantial one-time bonus for a no-annual-fee card: The cardboard gives a reasonably nice bonus. You’ll be able to earn $200 money again after spending $500 within the first three months. In contrast with different no-annual-fee playing cards, that is very beneficiant.
- Journey cancellation and interruption insurance coverage: This profit gives reimbursement of as much as $1,500 per particular person and $6,000 per journey for pay as you go, non-refundable passenger fares. To qualify, you should pay on your journey with the cardboard, and your journey should be canceled or minimize brief for a lined purpose. These embrace sickness, extreme climate, and extra.
- Cellphone insurance coverage safety: You’re insured for as much as $800 per declare and $1,000 per yr towards lined theft or injury to telephones listed in your month-to-month cellphone invoice if you pay that invoice with the cardboard. There’s a $50 deductible per declare and a two-claim restrict per 12-month interval.
Cons Defined
- Costs overseas transaction charges: The Chase Freedom Flex bank card costs a 3% overseas transaction charge. A number of different no-annual-fee bank cards don’t cost these charges, which might rapidly add up if you happen to journey internationally.
- Mediocre incomes fee on all different purchases: This card earns simply 1% money again on all different purchases. Nonetheless, given its greater cash-back incomes charges in sure classes, together with its different advantages, that isn’t an enormous downside.
- Should activate quarterly rotating 5% cash-back classes: To earn 5% money again within the bonus rotating quarterly classes, you have to activate this profit every quarter. You’ll be able to set a calendar reminder so that you don’t neglect to do that, but it surely does require some additional work.
- 5% money again on rotating classes is restricted: Earn 5% money again on as much as $1,500 on mixed purchases in bonus classes every quarter, and 5% money again on journey bought by means of Chase Final Rewards.
Who This Card Is Finest For
The Chase Freedom Flex card could possibly be an excellent match for individuals who wish to earn money again or Final Rewards factors in all kinds of classes. The one-time bonus provides much more worth for a no-annual-fee bank card.
When you think about all the ancillary advantages this card gives, akin to cellphone safety and journey cancellation and interruption insurance coverage, it stands out as one of many higher choices within the no-annual-fee bank card house. Nonetheless, individuals who don’t wish to be bothered with rotating bonus classes or don’t repeatedly spend cash within the higher-earning classes might discover that extra simple playing cards could possibly be a greater match.
Chase Freedom Flex One-Time Bonus
You’ll be able to earn $200 money again after spending $500 on purchases with the Chase Freedom Flex card within the first three months from account opening. The one-time bonus is deposited into your rewards account as 20,000 Final Rewards factors. This bonus provide is respectable for a no-annual-fee bank card, and the spending requirement can also be cheap.
Chase says the bonus ought to put up to your Final Rewards account inside six to eight weeks after qualifying. Your account can’t be in default and should be open to qualify. Present cardholders—and people who beforehand had this card and acquired a bonus inside the previous 24 months—don't qualify for the bonus.
Rewards Incomes Particulars
The Chase Freedom Flex earns money again within the type of Final Rewards factors. The proportion of your purchases are transformed and saved as quite a few Final Rewards factors at a fee of 1 level per 1% charged. This card has 5% bonus cash-back on journey bought by means of Chase Final Rewards(R), a premier rewards program that allows you to redeem rewards for money again, journey, reward playing cards, and extra.
You can too earn 5% money again on as much as $1,500 on mixed purchases in bonus classes every quarter you activate. Earn 5% money again on journey bought by means of Chase Final Rewards, 3% on eating at eating places, together with takeout, eligible supply providers, and drugstores, and 1% on all different purchases.
Any factors you've earned don’t expire so long as your account stays open. You’ll be able to routinely lose factors in case your account is closed for misuse, fraud, failure to pay, chapter, or sure different causes.
Rewards Redemption Particulars
You’ll be able to redeem the Chase Final Rewards factors you earn with this card in some ways. Choices embrace money again within the type of a press release credit score or direct deposit, reward playing cards, journey, and pay with factors for Amazon and Apple purchases.
Factors redeemed for money again and journey by means of this card are price one cent every. Factors redeemed for reward playing cards are usually price one cent every however might be price extra if a present card promotion is in impact. Redeeming factors by means of pay with factors ends in a worth of 0.8 cents per level for Amazon purchases, which might be handy however is a decrease fee than changing for money at 1 level = 1 cent.
Transferring Factors
The Chase Freedom Flex card doesn’t can help you switch factors on to different loyalty applications. Nonetheless, the Final Rewards factors it earns can, in some situations, be mixed with different Final Rewards playing cards’ balances. For instance, in case you have a Chase Sapphire Most popular, Chase Sapphire Reserve, or Chase Ink Enterprise Most popular bank card, you may mix your Final Rewards factors from the Chase Freedom Flex with a type of playing cards, which can allow you to switch factors to collaborating loyalty applications.
Learn how to Maximize Your Rewards
Maximizing your rewards with this card is a matter of incomes as many Final Rewards factors as doable after which redeeming them for essentially the most worth. So that you’ll wish to use the cardboard for purchases in its greater incomes classes and keep watch over the rotating quarterly classes.
So far as redeeming factors, you’ll often be finest off combining your Chase Freedom Flex’s Final Rewards factors with the factors on a Chase Sapphire Most popular, Chase Sapphire Reserve, or Chase Ink Enterprise Most popular bank card. These playing cards can help you switch your factors to collaborating loyalty applications and redeem them for journey at greater charges when booked by means of Final Rewards.
Should you don’t have a type of different Chase bank cards, ensure you redeem your factors for a worth of at the very least one cent per level. You’ll be able to obtain this by requesting a press release credit score or money again, purchasing at Apple, or reserving journey by means of the Final Rewards portal. Reward playing cards usually provide a worth of 1 cent per level, however some might have greater redemption values every now and then. Keep away from decrease worth choices, akin to redeeming factors at Amazon for 0.8 cents per level.
Chase Freedom Flex’s Excellent Advantages
- Cellphone insurance coverage safety
- Journey cancellation or interruption insurance coverage
Customary Advantages
- Auto rental collision injury waiver secondary protection
- Prolonged guarantee safety
- Mastercard World Elite program advantages
- Buy safety
Cardholder Expertise
Chase ranked fourth out of 11 nationwide card issuers, with a rating of 807 out of 1,000 in J.D. Energy’s 2021 U.S. Credit score Card Satisfaction Examine. The typical rating was 809.
When you don’t need to be a Chase Freedom Flex cardholder to make use of this service, Chase gives entry to your VantageScore 3.0 credit score rating together with different helpful credit score info on the Chase Credit score Journey net pages.
You’ll be able to handle your account on-line, utilizing the Chase cellular app, or by calling 800-432-3117.
Safety Options
This card’s safety features fall consistent with regular trade requirements.
Charges to Watch Out For
The Chase Freedom Flex doesn’t cost an annual charge, but it surely does cost a 3% overseas transaction charge. Stability switch charges of three% or $5, whichever is bigger, and money advance charges of 5% or $10, whichever is bigger, are greater than on some competing playing cards.
Ultimate Verdict
The Chase Freedom Flex is likely one of the higher no-annual-fee playing cards out there immediately. It gives a number of higher-earning cash-back classes, however its 1% money again on all different purchases isn’t something particular. The one-time bonus provides vital worth to the cardboard as effectively.
The cardboard’s further advantages, akin to journey cancellation and interruption insurance coverage, cellphone safety, and others, provide glorious worth for a no-annual-fee bank card. On the draw back, the cardboard additionally costs a 3% overseas transaction charge, making it lower than excellent for frequent worldwide vacationers.
Incessantly Requested Questions
Is Chase Freedom Flex laborious to get?
The Chase Freedom Flex rewards card could also be laborious to get in case your credit score is dangerous or honest. When you’ve got good to glorious credit score, you might discover it simpler to get authorised. Should you've already been pre-approved for a Freedom Flex card, then you definitely'll know you at the very least meet Chase's minimal necessities for this card.
What’s the credit score restrict on Chase Freedom Flex?
Should you're authorised for a Freedom Flex card, your credit score restrict for Chase Freedom Flex will probably be at the very least $500. You might qualify for a a lot greater restrict relying in your credit score historical past.
Is Chase Freedom Flex good for inexperienced persons?
The Chase Freedom Flex is usually a good card for inexperienced persons, particularly those that wish to dip their toes on the planet of cash-back rewards. Simply understand that you'll want a powerful sufficient credit score historical past to qualify for the cardboard. Should you're simply beginning out, you may select a secured card as an alternative.
Does Chase Freedom Flex routinely improve your credit score restrict?
You shouldn't depend on an automated improve to your credit score restrict with the Chase Freedom Flex, however you may all the time name the quantity on the again of your card if you happen to'd wish to request one. Be ready to supply your present earnings info and the quantity of improve you're requesting.
