Lucrative Cash Back Categories: This card provides an opportunity to earn substantial cash back with 5% cash back in rotating bonus categories that change every three months (on up to $1,500 per quarter in spending, then 1%). Additionally, it offers 5% cash back on travel booked through Chase, 3% cash back at restaurants and drugstores, and 1% cash back on other purchases.
Generous Sign-Up Bonus: New cardholders can enjoy a sign-up bonus of Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
Reward Transfer: If you possess one of Chase's Sapphire cards, you can transfer your cash back rewards to it, potentially enhancing their value and flexibility.
Bonus Category Management: Activating and keeping track of the rotating 5% cash back categories can be a bit cumbersome for some cardholders.
Foreign Transaction Fee: This card imposes a foreign transaction fee, making it less suitable for international travel or expenses abroad.
Limited Travel Benefits: As a cash-back card, it lacks the travel-specific perks offered by some other cards, such as travel insurance, airport lounge access, or complimentary checked bags.
The Chase Freedom Flex℠, while technically a cash-back card, offers an impressive 5% rewards rate for travel booked through Chase. This feature makes it a versatile and valuable option for travelers.
Here are the key features of the Chase Freedom Flex℠:
Sign-up Bonus: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
Cash Back Categories: Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. The bonus categories change quarterly.
Travel Rewards: Earn 5% cash back on travel purchased through Chase Ultimate Rewards®.
Dining and Drugstore Rewards: Earn 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service.
Unlimited 1% Cash Back: Get unlimited 1% cash back on all other purchases.
No Minimum Redemption: There's no minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash back rewards do not expire as long as your account is open.
Introductory APR: Enjoy a 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49%-29.24%.
No Annual Fee: This card has no annual fee.
Credit Monitoring: Access Chase Credit Journey, which helps you monitor your credit with free access to your latest score, real-time alerts, and more.
Member FDIC: This card is offered by Chase Bank, a member of the Federal Deposit Insurance Corporation (FDIC).
These features make the Chase Freedom Flex℠ a versatile cash-back credit card with excellent rewards potential, especially if you take advantage of the rotating bonus categories.