Chase Freedom Flex℠
Fees & APRs
Fees and APRs will vary, always be sure to check with the card issuer.
Dive into the geeky details and see how you reap the benefits.
- Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
- Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
- Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1% on all other purchases.
- No minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open.
Read through our extensive research on the Chase Freedom Flex℠ and see if its the best credit card for you.
There are a couple of valuable initial bonuses, too. The Freedom Flex card gives 5% cash back on up to $12,000 spent on groceries the first year. Spending $500 (in any category) within 3 months of opening an account will also get you $200 cash back.
When you compare all the rewards Chase Freedom Flex offers to what the average cash rewards card would give you (1.07% on purchases, plus an initial bonus of $198.78), it’s clear that Freedom Flex is an elite card. It even has a $0 annual fee to go along with all that rewards value, too.
Below, you can find more information that should help you decide whether or not applying for the Chase Freedom Flex Mastercard is the right move for your situation.
Chase Freedom Flex Review Highlights
$200 Initial Bonus
New cardholders can earn the Chase Freedom Flex card’s initial bonus of $200 by spending $500 within 3 months of opening an account. Dollar for dollar, that is one of the best initial bonuses available right now, working out to as much as 40% cash back.
$0 Annual Fee
The Chase Freedom Flex Mastercard’s annual fee is $0. That makes it roughly $19.49 per year cheaper than the average credit card offer.
Several 5% Cash Back Categories
Chase Freedom Flex gives 5% cash back on up to $12,000 spent on groceries the first year your account is open. It also offers a permanent 5% earning rate on travel bookings made through Chase Ultimate Rewards, with no spending limit. On top of that, cardholders can activate rotating bonus categories to earn 5% back, up to $1,500 spent in those categories each quarter. And as if that weren’t enough, Freedom Flex cardholders get 5% cash back on Lyft rides through March 2022.
Most credit cards with 5% cash back earning rates only give that rate for one or two spending categories at a time. Freedom Flex is uniquely rewarding as a result.
3% Cash Back on Dining and Drugstore Purchases
The Freedom Flex card’s 3% rewards rates apply to all manner of dining and drugstore purchases, including those delivered to your home. The merchant you purchase from must be categorized as a restaurant, eligible delivery service or drugstore, though.
Base Rewards Rate of 1% Cash Back
Most cash back credit cards give 1% back as a base earning rate. The only way to get a higher base rate is to sacrifice in terms of your chosen card’s maximum earning rate.
Numerous Secondary Benefits
Chase Freedom Flex Mastercard benefits include rental car insurance, extended warranty protection, purchase protection, trip cancellation/interruption insurance, and cell phone protection. Freedom Flex cell phone protection covers phones whose bills are paid for with the Freedom Flex card against damage and theft, up to $800 per claim and $1,000 per year.
Complimentary DashPass Membership
Chase Freedom Flex cardholders get three months of membership in this DoorDash service for free, then the next nine months are 50% off. DashPass members get $0 delivery fees on orders over $12.
High Regular APR
The Chase Freedom Flex card’s regular APR is 14.99% - 23.74% (V), depending on each applicant’s creditworthiness. For context, the average APR among new credit card offers is 17.98%, and it’s 19.28% when you limit things to credit cards for people with good credit.
Good Credit Needed for Approval
Chase Freedom Flex credit score requirement is 700 or higher for good approval odds, considering that applicants generally need good credit at a minimum. If you’re not sure whether your credit is good enough for Freedom Flex, you can check your latest credit score for free on WalletHub.
Spend some time reviewing the last details on the Chase Freedom Flex℠.
- Max Late Fee See Terms
- Max Overlimitfee See Terms
- Max Penalty Apr None
- Grace Period See Terms
- Online Response No
- Cash Advanceapr 24.99% (V)
- Cash Advancefee Either $10 or 5% of the amount of each transaction, whichever is greater.
- Foreigntransaction Fee 3% of each transaction in U.S. dollars
- Smart Chip Yes, chip-and-signature
- No annual fee.
- 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.