The Chase Freedom Flex® card is an exceptional choice for savvy spenders seeking to maximize rewards on their everyday and online purchases. Its diverse cash back options cater well to spending habits, particularly those who frequent grocery stores or indulge in online shopping. The card's welcome bonus and a 0% introductory APR period provide a comfortable start, and the lasting assurance of accumulated rewards that never expire adds to its appeal. Best suited for those with good credit who enjoy strategizing their spending, this card is an intelligent choice for amplifying the value of every dollar spent without the burden of an annual fee.
MoneyGeek’s Take
Chase Freedom Flex® Review
Updated: June 20, 2024
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Chase Freedom Flex®
Rewards Rate
Earn 5% cash back on up to $1,500 in combined purc...APR
20.49–29.24% variableAnnual Fee
$0Recommended Credit
670–850 (Good to Excellent)- The Chase Freedom Flex® card offers remarkable value, especially for consumers who can maximize the diverse cash back categories. Chase welcomes new cardholders with a bonus, and its 0% introductory APR offers a financial cushion for the initial months. Accumulated rewards are yours to keep indefinitely. While it's a boon for those with good credit and an affinity for diving into rotating reward categories, it's less rewarding for generic purchases. Overall, this card is a solid pick for strategic spenders.
All information about the Chase Freedom Flex has been collected independently by Moneygeek.com and has not been reviewed by the issuer.
Chase Freedom Flex® Overview
When selecting a credit card, carefully evaluating its features is crucial, as they can significantly impact your financial habits and rewards. Let's explore what the Chase Freedom Flex® card offers in this context.
- Rewards rate: 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! Plus, earn 5% cash back on travel purchased through Chase Travel℠, 3% on dining and drugstores, and 1% on all other purchases.
- Welcome offer: Earn $200 if you spend $500 in the first three months
- Regular APR: 20.49% – 29.24% variable
- Annual fee: $0
- Intro APR offer: 0% introductory APR for the first 15 months on purchases and balance transfers, then 20.49% to 29.24% variable APR afterward
Important Card Details
The Chase Freedom Flex® card offers features tailored to enhance consumer spending efficiency. This analysis delves into the card's diverse cash back options and unique rotating rewards calendar, offering insights into how these features impact everyday financial decisions.
Cash Back Rewards
The Chase Freedom Flex® stands out with its multi-tiered cash back rewards system. 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! Plus, earn 5% cash back on travel purchased through Chase Travel℠, 3% on dining and drugstores, and 1% on all other purchases.
Fees
One of the primary allurements of the Chase Freedom Flex® is its absence of an annual fee. For consumers, this translates to enjoying the card's benefits without the worry of offsetting a yearly charge. Annual fees can be a deterrent, especially for those new to credit or skeptical about maximizing rewards. With no annual fee, the card presents an approachable entry into the world of reward-based credit without the added financial pressure.
0% APR Offer
The 0% introductory APR for 15 months is a striking feature, offering flexibility for those planning big purchases or needing to transfer balances. Essentially, this means you're borrowing money without the added cost of interest for over a year. It's a breather for your finances, especially if you're coming off a card with a high APR. However, it's crucial to note the regular APR range of 20.49% – 29.24% that kicks in afterward. To truly benefit, one should aim to clear the dues within the introductory period.
Other Features
Beyond the notable cash back and APR offers, the Chase Freedom Flex® extends features that add layers of value. The non-expiry of cash back rewards offers peace of mind, ensuring you won't lose out on earned rewards over time. This, coupled with no minimum redemption limit, underscores the card's user-centric approach.
How the Chase Freedom Flex® Compares
In this side-by-side comparison, we'll examine the distinct features and benefits of two leading credit cards to help you determine which best aligns with your financial goals and spending habits.
How This Card Compares
Chase Freedom Flex®
- Rewards rate: 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! Plus, earn 5% cash back on travel purchased through Chase Travel℠, 3% on dining and drugstores, and 1% on all other purchases.
- Welcome offer: Earn $200 if you spend $500 in the first three months
- Regular APR: 20.49% to 29.24% variable
- Annual fee: $0
- Intro APR offer: 0% introductory APR for the first 15 months on purchases and balance transfers, then 20.49% to 29.24% variable APR afterward.
- Best for: Consumers looking for a no-annual-fee card with flexible cash back rewards and a robust welcome offer, coupled with an introductory 0% APR period, suitable for those adept at managing credit to avoid higher APRs later.
Citi® Double Cash Card
- Rewards rate: Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.
- Welcome offer: Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
- Regular APR: 19.24% – 29.24% (variable)
- Annual fee: $0
- Intro APR offer: None
- Best for: Regular spenders seeking a straightforward rewards program and no annual fee, with added benefits on travel bookings through Citi Travel.
About Grace Pilling
Grace Pilling was the Senior Content Manager for Credit Cards at MoneyGeek. She previously led personal finance teams at Bankrate, CreditCards.com and MoneyUnder30.
Pilling has a bachelor's degree in English from Western Sydney University and a diploma in book editing, proofreading and publishing. She is focused on empowering readers to make informed financial choices that support their best lives, not a company’s bottom line.
*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.