MoneyGeek’s Take

Chase Freedom Flex℠ Review

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ByGrace Pilling
Reviewed byAlene Laney
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ByGrace Pilling
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Reviewed byAlene Laney
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Updated: June 10, 2024

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Chase Freedom Flex® Card

Rewards Rate- Earn 5% cash back on different categories like g...
APR20.49%–29.24% variable
Annual Fee$0
Recommended Credit670–850 (Good to Excellent)

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.

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: 1% to 5% cash back
  • 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, 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.

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    Cash Back Rewards

    The Chase Freedom Flex℠ stands out with its multi-tiered cash back rewards system. Earning 5% on select categories—like gas stations and specific online merchants—can significantly boost savings, especially for frequent shoppers. Moreover, getting 5% back on travel through Chase Ultimate Rewards and 3% on dining and drugstores offers versatility in rewards. However, note the $1,500 cap on bonus categories each quarter.

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    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.

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    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% to 29.24% that kicks in afterward. To truly benefit, one should aim to clear the dues within the introductory period.

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    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. Yet, while the exclusions of stores like Target and Walmart from the 5% cash back on groceries might be a drawback for some, the array of other features and benefits serve to position this card as a versatile financial tool for many consumers.

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

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Chase Freedom Flex℠

  • Rewards rate: 1% to 5% cash back
  • 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, 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.
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Citi® Double Cash Card

  • Rewards rate: Up to 2% cash back on general purchases (excludes gift cards; 1% when you make purchases, 1% as you pay off those purchases) and 5% total cash back on hotel, car rentals, and attractions booked on the Citi Travel portal (for a limited time, through 12/31/24).
  • Welcome offer: None
  • Regular APR: 19.24% to 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 headshot

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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