The Chase Freedom Flex℠ provides all kinds of cash-back rewards classes, significantly contemplating it is a bank card with no annual payment. The introductory APR on purchases and welcome bonus are also greatest at school for this value, although you may need to be careful for the stability switch provide as a result of stability switch charges rising after the primary 60 days.

The on a regular basis rewards classes span eating at eating places, drugstore purchases and journey booked via Chase Final Rewards (Chase’s on-line travel-booking portal). By September, the bonus rotating rewards class contains fuel stations, automotive rental businesses, film theaters and choose stay leisure — making this card choice to your summer time street journey. Although if you happen to’re touring internationally, you may need to get a devoted journey bank card to keep away from international transaction charges. 

Beneath we assessment learn how to reap the benefits of the Chase Freedom Flex’s rotating rewards class, welcome bonus and intro APR.

On this article

• Rewards and welcome bonus
• ​Rotating quarterly bonus class​
• Money again redemption​
• Introductory APR on purchases and stability transfers​
• Comparable playing cards​
• FAQs​
• Our method to bank card analysis​

Rewards and welcome bonus

The Chase Freedom Flex provides 5% money again on journey purchases made via Chase Final Rewards, 5% on as much as $1,500 on mixed purchases in quarterly bonus classes if you activate, 3% on eating at eating places, 3% on drugstore purchases and 1% on all different purchases. Incomes 3% to five% money again with a no-annual-fee card is great, and despite the fact that the highest charges are reserved for only some classes, journey and eating do take up a big portion of many budgets.

For the welcome bonus, you earn $200 after spending $500 on purchases within the first three months, which is among the lowest spending thresholds as regards to welcome bonuses.

Rotating quarterly bonus class

Now via September, the rotating bonus rewards class contains fuel stations, automotive rental businesses, film theaters and choose stay leisure.

Previous frequent bonus classes embody: grocery shops, choose streaming companies, fuel stations, Walmart, Paypal, residence enchancment shops, web, cable and cellphone companies. Much less frequent bonus classes embody: Amazon.com and Entire Meals, health club and health memberships, malls and wholesale golf equipment.

Normally Chase combines two or extra of the above classes, and proclaims them 15 days earlier than the beginning of the quarter. That you must manually activate the bonus class every quarter by way of your on-line account, e-mail or the Chase cell app. You possibly can enroll anytime earlier than the quarterly deadline (often two weeks earlier than the top of the quarter). In the event you neglect to activate it till month three of the quarter, you may nonetheless retroactively earn the 5% rewards on eligible purchases. 

That stated, the spending cap of $1,500 means you’ll be able to solely earn as much as $75 on this larger stage of rewards every quarter, earlier than dropping you right down to the decrease reward tier of 1% money again.

Money again redemption

As a cash-back rewards bank card, the commonest means you may redeem your factors might be both direct deposit into your checking or financial savings account or an announcement credit score, successfully decreasing the quantity you owe in your bank card. There isn’t a minimal to redeem for money again, and rewards don’t expire so long as your account stays open. 

Although the Chase Freedom Flex is a cash-back card, you technically earn rewards within the type of Chase Final Rewards factors, which you then redeem for money again at 1 cent every. 

Introductory APR on purchases and stability transfers

This card’s usefulness expands past its rewards program and welcome bonus — you’ll be able to finance a purchase order or provoke a stability switch with 15 months of 0% introductory APR. After that, the APR jumps to 16.49% to 25.24% variable. Whereas this is not the longest introductory APR out there, it is a fairly strong provide.

In the event you’re not planning on transferring a stability immediately, you is perhaps higher off with a unique card, nevertheless. That is as a result of the three% ($5 minimal) stability switch payment (normal throughout the trade) goes as much as 5% ($5 minimal) after the primary 60 days of account opening.

Comparable Playing cards

Uncover it® Money Again

The Uncover it® Money Again* is one other standard cash-back card that gives a 5% money again rotating quarterly class upon activation (on as much as $1,500 in quarterly purchases, then 1%). The unfold of previous classes casts a large internet as does that of the Freedom Flex, however Uncover permits you some extra perception into what lies forward. They promote their rotating classes for the 12 months forward as an alternative of constructing you wait till the final minute. However in contrast to with the Chase Freedom Flex, if you happen to neglect to enroll firstly of the quarter and keep in mind in a while, you will not retroactively earn money again on purchases throughout that point. And you may nonetheless must manually activate every class when the time attracts close to.

You will get an analogous intro APR provide, however the welcome bonus is by much better with the Uncover it® Money Again. See our full assessment of the Uncover it® Money Again card for extra particulars.

Chase Freedom Limitless®

The closest card to the Chase Freedom Flex is the Chase Freedom Limitless®, and it is not simply the title that is comparable. The Chase Freedom Limitless provides nearly equivalent rewards, with two key variations. The primary distinction is the Limitless’s 1.5% charge for all purchases that fall outdoors of a bonus class, in contrast with the Flex’s 1% charge. The second distinction is that the Limitless would not have the rotating 5% bonus classes.

See our full assessment of the Chase Freedom Limitless for extra particulars.

Financial institution of America® Custom-made Money Rewards bank card

The Financial institution of America® Custom-made Money Rewards bank card has a rotating class, too — however with a bit extra management. This card provides 3% money again within the class of your selection, with choices like fuel, on-line buying, eating, journey, drug shops, or residence enchancment/furnishings. You will additionally earn 2% money again at grocery shops and wholesale golf equipment (on as much as $2,500 in mixed selection class/grocery retailer/wholesale membership quarterly purchases, then 1%)

You possibly can change your customized class choice as soon as a month. This card additionally provides an analogous welcome bonus and intro APR to the Chase Freedom Flex.

FAQs

Our method

We assessment the playing cards which might be within the highest demand and provide the perfect advantages. We scour the nice print so there are not any surprises if you open an account. We discover the important thing elements that make a card stand out and examine them to different prime playing cards. That means, readers can go for a unique card with comparable options if our decide is not proper for them. Our evaluations are often checked and up to date to include new suggestions, in addition to to replicate modifications in provides and the market. 

*All details about the Uncover it® Money Again has been collected independently by CNET and has not been reviewed by the issuer.

The editorial content material on this web page is predicated solely on goal, unbiased assessments by our writers and isn’t influenced by promoting or partnerships. It has not been offered or commissioned by any third get together. Nevertheless, we might obtain compensation if you click on on hyperlinks to services or products provided by our companions.

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