Chase Freedom Flex Card Review

The Chase Freedom Flex Card is one of my favorite cards and one of the ones that I reach for most often from my wallet. This is a great cashback or points card for someone just wanting to get their feet wet in the world of credit card points and miles. It is also a great option if you have the Chase Sapphire Preferred and want to earn more Ultimate Rewards.

Let’s review the Chase Freedom Flex and why you might want to add it to your wallet. Remember that it will fall under the Chase 5/24 rule.

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Chase Freedom Flex Card

Signup Bonus

First and foremost, we are all about those signup bonuses that we can use to reduce travel expenses or get free to nearly-free travel. With this card, you will receive $200 cashback or 20,000 Ultimate Reward points (to use on travel). This is after you meet your minimum spend of $500 in the first three months of having the card. This minimum spend is super easy to do!

Earnings

This is where it gets good! As part of the current welcome offer, for a limited time, you’ll get a whopping 5% back on grocery purchases (not including Target or Walmart) up to $12,000 in the first year.

Additionally, each quarter you will earn 5% back, up to $1,500, in certain categories. View the category calendar here. The current category is grocery stores (excluding Target and Walmart) and select streaming services. You do need to “activate” this offer every quarter, but that is very easy to do in your Chase account.

This quarter you can actually get 9% back on grocery store spend (up to $1,500) this quarter thanks to the combination of the welcome offer and the quarterly bonus! And remember, the grocery store sells more than just groceries. You can purchase gift cards to other stores and restaurants you frequent and get 5% back on those!

With the Freedom Flex card, you will also always earn 5% on travel booked in the Chase Ultimate Rewards travel portal, 3% on drugstores and dining, and $1 on all other purchases.

Annual Fee

Zip. Zero. Nada.

Other Benefits

How does $800-$1,000 in cell phone protection sound to you? You will get up to $800 in one claim or $1,000/year in protection on the phone you pay with your Chase Freedom Flex Card. Other benefits include:

  • Purchase Protection- 120 days after purchase for damage or theft up to $500 per claim
  • Shoprunner Membership – free 2-day shipping with many merchants
  • DoorDash DashPass- Complimentary for 3 months
  • Lyft – $5 credit every month that you take 3 rides and pay with your card
  • Fandango – $5 credit when you spend $20 on Fandango
  • Hello Fresh – 5% credit on your next order when you use this card
  • and more…
If you use Lyft a lot, you can get credits for rides with this credit card!

Cashback vs. Ultimate Rewards

Though this card is primarily marketed as a cashback card that earns $200 on your $500 minimum spend, you will actually be awarded 20,000 Ultimate Rewards (that you could cash out for $200). We recommend using your points for travel as 20,000 Ultimate Rewards can be worth much for than $200. The key here is that to get more than 1 cent per point out of the points you earn on your Freedom Flex card, you (or someone in your household, since you can combine points with household members) will need to have a Chase Sapphire Preferred card, Chase Sapphire Reserve, or Ink Business Preferred.

If you (or a member of your household) have one of those cards listed above and move the points that you earn on the Freedom Flex to your Chase Sapphire Preferred (or one of the other cards listed above) you can then book in the Chase travel portal and your points will be worth 1.25 cents vs 1 cent. Once you move them to your Sapphire Preferred account, you then also have the option to transfer your points to one of Chase’s airline or hotel partners. If you leave your points in your Freedom Flex account they are always worth 1 cent.

Bottom Line

If you already have the Chase Sapphire or Reserve Cards or Ink Business Preferred and want to add to your Ultimate Rewards, then the Freedom Flex card is for you. If you don’t plan on traveling a lot in the near future and just want cash back, this card is also for you. The no annual fee makes it an easy decision either way.

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