Chase Freedom Flex® Credit score Card Assessment 2023

The standout perk of the card_name is its 5% money again on as much as $1,500 on mixed purchases in bonus classes every quarter you activate. It additionally earns 5% money again on journey bought via Chase Final Rewards, 3% on eating together with takeout and drugstore purchases, and 1% on all different purchases. It additionally has a sign-up bonus, making it a stable bank card possibility for many who need a no-annual-fee card.

TIME’s Take

The card_name packs a thunderous punch in a small, no-annual-fee package deal. We advocate it because of its excessive money again charges on rotating bonus classes, Chase Final Rewards Journey, eating, and drugstore purchases. It isn’t excellent, although – overseas transaction charges and mediocre cashback charges on non-bonus class purchases maintain it again barely. Nonetheless, the card_name is a wonderful card for these trying to earn the best money again charges.

Who’s the cardboard for?

The card_name is greatest for many who need excessive incomes charges on purchases and don’t thoughts handbook activation every quarter. The cardboard additionally works effectively for these with playing cards just like the Chase Sapphire playing cards, which permit transfers to Chase’s journey companions. This enables probably increased redemptions than the one-cent worth factors have when redeemed for money again with the Chase Freedom Flex.

This card additionally works effectively when paired with bank cards just like the card_name, which earns 1.5% on all purchases. The card_name earns 1% on purchases that don’t fall inside one in all its bonus 5% or 3% classes. Thus, pairing the card_name with the card_name permits probably increased factors earnings.

Rewards construction

The card_name is notable for its 5% rotating classes, but it surely has a number of different bonus classes, as outlined under. All different purchases earn limitless 1% money again.

The High quality Print

Rates of interest

• Common APR: reg_apr,reg_apr_type.
• Buy Intro APR: intro_apr_rate,intro_apr_duration.
• Stability Switch Intro APR: balance_transfer_intro_apr,balance_transfer_intro_duration.

Charges

• Annual Price: annual_fees
• Stability Switch Price: balance_transfer_fees.
• Money Advance: cash_advance_fee. 

Extra hidden perks

The card_name has a number of hidden advantages that transcend its money again incomes potential.

• Mastercard World Elite® Advantages: The card_name comes with World Mastercard Elite advantages, together with a $5 Lyft credit score, a one-year membership to Shoprunner, and $5 off from Fandango.
• Mobile phone safety: Stand up to $800 per declare and as much as $1,000 per 12 months in case your telephone is misplaced or broken.
• Rental automotive collision injury waiver: This profit allows you to decline the rental firm’s collision insurance coverage and cost all the rental price to your card.
• DashPass and Caviar membership: Get a complimentary three-month membership to DoorDash and Caviar.
• Instacart+ membership and assertion credit score: Get a complimentary three-month membership to Instacart+ and $10 in quarterly assertion credit via instacart.
• Journey cancellation/interruption safety: Get reimbursed for as much as $1,500 per particular person and as much as $6,000 in whole in case your journey is canceled or lower quick resulting from issues like illness and extreme climate.
• Roadside help: Get assist 24/7/365 if in case you have an issue whereas touring by automotive.
• Prolonged guarantee safety: Extends the producer’s guarantee for one 12 months on eligible warranties lasting three years or much less. Protection is for as much as $10,000 per declare and as much as $50,000 per account.

Card options

card_name

If you’d like an alternative choice to the card_name with a easy rewards construction, the card_name is a powerful contender. The card_name’s greatest perk is that you simply earn “double” money: 1% money again whenever you spend with the cardboard, and a further 1% money again whenever you pay it off. This implies the card_name earns twice as a lot because the 1% that the card_name earns in non-bonus classes. Just like the card_name, the card_name has no annual price.

Nevertheless, the card_name lacks a few of the bells and whistles that you simply get with the card_name. The obvious one is the dearth of 5% money again classes. Do not forget that the card_name earns 5% not simply on rotating classes but additionally on journey booked via Chase. You additionally earn 5% money again on as much as $12,000 spent on groceries in your first 12 months.

card_name

Provided that additionally it is a Chase card, the card_name is much like the card_name in some ways. The truth is, the rewards construction of the card_name is nearly an identical to that of the card_name. The primary distinction is that, as a substitute of 5% rotating bonus classes, you get limitless 1.5% money again with the card_name. Which means you earn 1.5% money again with the card_name in classes that may earn 1% with the card_name.

For that reason, the card_name is best seen as a praise to the card_name slightly than a competitor. Including each playing cards to your pockets will permit you to earn increased money again charges total.

Nice for Money Again, Not as Nice for Non-Bonus Classes

The card_name provides stable rewards for many who wish to earn money again. It has no annual price and provides 5% quarterly classes and some different 5% and three% classes. Nevertheless, it solely earns 1% on non-bonus classes, and its foreign_transaction_fee overseas transaction price may very well be a deal-breaker for many who journey internationally. But when that isn’t a priority, this may very well be a powerful alternative for these searching for a money again bank card.

Often requested questions (FAQs)

How is the card_name completely different from the unique?

The card_name and the card_name each have 5% quarterly bonus classes. Nevertheless, the card_name builds on the success of the card_name and provides extra classes with fastened money again charges. These embody 5% money again via Chase Final Rewards, 3% cashback on eating, and three% cashback at drugstores.

Can I mix card_name rewards with different Chase playing cards?

Sure. It’s attainable to mix card_name factors with factors on a number of fashionable Chase playing cards, together with card_name, card_name and card_name.

What’s the credit score restrict and the minimal credit score rating required?

Whereas there aren’t any concrete figures right here, you’ll obtain a credit score restrict of at the least $500 on the card_name if accepted. Your restrict could also be increased, relying in your creditworthiness.

There may be additionally no particular minimal credit score rating wanted to use. Nevertheless, you typically want good to wonderful credit score to be accepted for this card (credit score rating of 670 to 850).

Do the card_name factors expire?

Your Chase Final Rewards factors by no means expire so long as your account stays open. Nevertheless, you’ll be able to lose your factors routinely within the occasion of a chapter, misuse, failure to pay or fraud.

Which streaming providers are eligible for quarterly bonus class money again with the card_name?

The bonus class for Q1 2023 for the card_name consists of grocery Shops (excluding Walmart and Goal), health golf equipment, and gymnasium memberships. Nevertheless, a number of streaming providers had been eligible for five% money again up to now, together with Netflix, Disney+, Hulu, ESPN+ and HBO Max.

Methods to improve card_name restrict?

The restrict on the card_name is not going to usually improve routinely. Nevertheless, you’ll be able to name the quantity on the again of your card and request a rise.

Is the card_name a Visa or Mastercard?

The card_name is a Mastercard and consists of Mastercard World Elite program advantages.

The data introduced right here is created independently from the TIME editorial employees. To study extra, see our About web page.