Chase Freedom Flex Review

Aedam Jo Written by
Chase Freedom Flex
8.73/10 Lootrs Score
Chase Freedom Flex℠ Card Rating & Score with Credit Cards System

Objective testing of credit cards involves conducting systematic evaluations based on predefined criteria to assess their features, benefits, fees, and overall value proposition.

For more information see our credit card score explanation here.
9.3

Intro APR

Intro APR credit cards offer a temporary period with low to no interest rates on purchases or balance transfers. They provide a financial break before regular rates apply.

For more information see our Intro APR score explanation here.
0% intro APR for 15 months
9.3

Regular APR

The APR is the ongoing interest rate for balances on credit cards. This is after any intro or promo periods end. It affects the long-term cost of borrowing.

For more information see our Regular APR score explanation here.
20.49% - 29.24% Variable APR
10

Annual Fee

Annual fee credit cards require a yearly payment for membership. They offer enhanced rewards, benefits, and services in exchange for the fee. They cater to individuals seeking premium perks.

For more information see our Annual fee score explanation here.
$0
8.8

Welcome Bonus

Welcome bonus credit cards offer a one-time reward. This could be bonus points, cashback, or statement credits. You get the reward by meeting spending goals. You must do so within a set time after opening the account. The rewards entice new cardholders with immediate benefits.

For more information see our Welcome bonus score explanation here.
$200 if you spend $500 in first 3 months
8.2

Rewards

Credit card rewards programs let cardholders earn points, miles, or cashback on purchases. They can redeem these rewards for things like travel, merchandise, gift cards, or credits. This gives extra value for using the card.

For more information see our rewards programs score explanation here.
5% cash back on gas station and grocery store
8.1

Benefits

Credit card benefits include perks and features from card issuers. They include travel insurance, purchase protection, and extended warranties. You also get airport lounge access and concierge services. They add value and usefulness for cardholders.

For more information see our benefits score explanation here.
Gas station, Grocery store
9

Recommended Credit Score

The recommended credit score is the minimum score recommended by the card issuer. It's for potential cardholders to qualify for a specific credit card. Meeting or beating this score boosts the chance of approval. It also gives access to the card's benefits and features.

For more information see our Recommended credit score Rating explanation here.
690 - 850 (Fair - Exceptional)
7.3

Foreign Transaction Fee

Card issuers impose foreign transaction fees. They apply to transactions in a foreign currency or with a foreign merchant. The fees are usually 1% to 3% of the transaction amount. They may apply to purchases, withdrawals, or transfers made in a foreign currency. This raises the cost of international transactions.

For more information see our foreign transaction fees score explanation here.
3%
9

Cash Advance Fee

Each time you use your credit card for a cash advance or ATM withdrawal, the bank applies a 'Cash Advance Fee'.

For example, a Cash Advance Fee of "3% (min $10)" means the fee will be 3% of the cash advance amount, with a minimum charge of $10.

For more information see our cash advance fee score explanation here.
5% (min $10)
8.3

Balance Transfer Fee

A balance transfer fee may apply when you transfer a balance from 'Credit Card A' to 'Credit Card B'.

This fee is imposed by the credit card that gets your transferred balance. In this case, that card is 'Credit Card B.' 'Credit Card A' never charges a fee.

For more information see our balance transfer fees score explanation here.
0% intro APR for 15 months
How we rating & score here.

Best for

Discover the best credit card for your needs. Are you a student, rewards enthusiast, or cash back lover? Find the perfect fit with our thorough reviews and comparisons.
  • Cash Back Seekers
  • Small Business Owners
  • Gas and Groceries
  • Restaurant

Considerations

Consider key factors when choosing a credit card. These include interest rates, fees, rewards programs, and more. Make an informed decision to find the right card for your financial needs.
  • Foreign Transaction Fee
  • Sign-Up Bonus
  • Intro APR, Introductory Bonus
  • Spending Categories (Groceries, Dining, Travel, etc.)

Pros

Using a credit card has many pros. These include convenience, rewards, and building credit. They also include purchase protection and fraud security. You also get access to emergency funds and introductory offers. They help with budgeting and spending tracking. They also offer travel benefits and cash flow management. Plus, rental car insurance, extended warranties, and price protection. And online shopping security and opportunities for financial discipline.
  • New cardholder $200 initial bonus
  • Intro APR period
  • Ongoing rewards of 1 - 5% cash back
  • 0% for 15 months on purchases and balance transfers
  • $0 Annual fee
  • Member FDIC

Cons

Using a credit card has cons. These include potential overspending, high interest rates, and fees such as annual fees and late payment fees. It can also hurt your credit score if used irresponsibly. Using a credit card can tempt you to carry a balance and incur interest charges. It also risks identity theft and fraud. It can lead to debt and reliance on credit for financial needs. And, it has limits on rewards and benefits compared to other forms of payment.
  • 3% foreign transaction fee
  • Requires good - excellent credit score
  • Rotating bonus rewards categories
  • Earning limit in bonus categories
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See our full methodology

In This Review

Reviews Annual Fee Welcome Bonus Rewards Benefits Comparisons APR Credit Score needed FAQs
8.7

Review: Chase Freedom Flex℠ Card

Get in-depth credit card reviews covering features, benefits, fees, and rewards. Make informed decisions and find the perfect card for your financial goals.

For more information see our credit card score explanation here.

At Lootrs, we put each card to the score.

We score Chase Freedom Flex℠ Card 10 different factors that impact the benefits and rewards of the cards. scoring categories include:

Credit Cards Review Rating
Intro APR Very Good
Regular APR Very Good
Annual Fee Exceptional
Welcome Bonus Very Good
Rewards Good
Benefits Good
Recommended Credit Score Very Good
Foreign Transaction Fee Fair
Cash Advance Fee Very Good
Balance Transfer Fee Good

Who can apply for Chase Freedom Flex℠ Card?

We have categorized Chase Freedom Flex℠ Card 4 main useful user criteria. it's applied using the Lootrs methodology.

How is Chase Freedom Flex℠ Card Different?

The Chase Freedom Flex Mastercard offers rental car insurance. It also offers extended warranty protection. It also offers purchase protection. It has insurance for trip cancellation and interruption. It also has protection for cell phones. Freedom Flex cell phone protection covers phones.

The phone bills must be paid with the Freedom Flex card. It protects against damage and theft, up to $800 per claim and $1,000 per year.

10

Chase Freedom Flex℠ Card Annual Fee

Card type: No Annual Fee Credit Cards

Issuer Name: Chase

No annual fee

You won't have to pay an annual fee for all the great features that come with your Freedom Flex℠ card

8.8

Welcome Bonus

The public Chase Freedom Flex offer gets you $200 back. You get it after you spend $500 in the first three months. However, you'll also get 5% back for the first year on gas station and grocery store purchases (except at Target and Walmart). This 5% applies to up to $12,000 in spending. If you max out the bonus category, you'll take home a total of $800 in cash-back rewards.

9.3

APRs: Chase Freedom Flex℠ Card

Explore credit card APRs to understand borrowing costs. Learn how APRs vary for purchases, balance transfers, and cash advances. This is crucial for informed financial choices.

The table below shows the types of each APR brief description for the Chase Freedom Flex℠ Card.

Type of APR Rating
Intro APR - 0% intro APR on Purchases for first 15 months and 0% intro APR on Balance Transfers for first 15 months on qualifying balance transfers 9.3/10Very Good
Regular APR - 20.49% - 29.24% Variable APR 9.3/10Very Good
Purchase - 20.49% - 29.24% Variable APR 8.5/10Very Good
Balance transfer - 20.49% - 29.24% variable, plus either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after) 8.3/10Good
Cash advance - 29.99% variable, Either $10 or 5% of the amount of each transaction, whichever is greater. 9/10Very Good
Penalty - 29.99% 8.8/10Very Good
8.1

Chase Freedom Flex℠ Card Benefits

Discover the many benefits of our credit cards. They include cash back and travel perks, as well as purchase protection and fraud prevention. Explore our cards today and unlock a world of convenience and value.

Certainly! Here's a table. It shows the benefits of the Chase Freedom Flex℠ credit card:

Benefits Score
Decent welcome bonus

The offer is for $200 bonus. You get it after spending $500 on purchases in the first three months of account opening. This is stellar for a no-annual-fee card.

 9.4/10Very Good
Trip cancellation and interruption insurance

You get reimbursed up to $1,500 per person. You get $6,000 per trip. This covers your prepaid, nonrefundable passenger fares.

This happens if your trip is canceled or cut short by sickness, bad weather, or other covered situations.

 9.4/10Very Good
Car rental insurance

If you charge your rental car to your card, you can receive coverage if it is damaged or stolen. The coverage is secondary and goes up to the car's cash value.

 9.1/10Very Good
World Elite Mastercard Benefits

As noted, the Freedom Flex is Chase’s first foray into the Mastercard market in five years. Adding Mastercard to the Chase lineup opens new features for Flex cardholders. Visa doesn't offer them.

Two key benefits are cell phone protection and ID protection. Both are Mastercard staples.

 8.7/10Very Good
Base Rewards Rate of 1% Cash Back

Most cash back credit cards give 1% back as a base earning rate. The only way to get a higher base rate is to earn less from your chosen card.

 8.8/10Very Good
8.2

Chase Freedom Flex℠ Card Rewards

Chase Freedom Flex℠ Card Rewards stand out as a highly versatile credit currency, offering a myriad of redemption options to suit your preferences. You can utilize your rewards in a variety of ways, including:

  • You earn 5% cash back on combined gas station and grocery store purchases. The offer excludes Target and Walmart. It applies to up to $12,000 spent in the first year.
  • Earn 5% on up to $1,500 on combined purchases in bonus categories each quarter you activate
  • Earn 5% on travel. You buy it through Chase Ultimate Rewards.
  • Earn 3% on dining at restaurants. This includes takeout and some delivery services.
  • Earn 3% on drugstore purchases
  • Earn 1% on all other purchases
  • The card has a 0% Intro APR for 15 months from account opening. This applies to both purchases and balance transfers. After that, the APR is 19.24%-27.99%.

Chase Freedom Flex℠ Card Rewards Potential

Category Earning Rate Estimated Annual Spend Estimated Annual Earnings
5% categories 5% $5,000 $250
Travel purchased through Chase Ultimate Rewards® 5% $5,500 $275
Dining and drugstores 3% $2,000 $60
All other purchases 1% $12,000 $120
Total $705

Here are Chase’s rotating bonus categories for 2024.

Quarter Categories
Q1: January – March Grocery stores (excluding Walmart and Target), fitness clubs and gym memberships and self-care and spa services
Q2: April – June To be announced
Q3: July – September To be announced
Q4: October – December To be announced
Pro Tip
This card has a good sign-up bonus and intro APR. It offers a rewards card with great short- and long-term value. It also has fixed and rotating rewards categories and extra perks. These features make it a worthy choice.
9

Recommended Credit Score

Credit Score : 690 - 850 (Fair - Exceptional)

We evaluate credit card options based on FICO credit scores. We ensure tailored recommendations that match your financial profile.

For more information see our FICO Recommended credit score Rating explanation here.

The Chase Freedom Flex℠ Card recommends a credit score of 690 (Fair) to 850 (Exceptional). That range is from Fair to Exceptional. This range ensures eligibility for tailored benefits and rewards. It aligns with your credit profile and financial needs. Apply now to access exclusive perks designed to enhance your credit card experience.

Compare The Chase Freedom Flex℠ Card vs. Other Popular Cards

Compare credit cards effortlessly to find the ideal match for your financial goals. Explore features, rewards, fees, and more to make informed decisions and maximize your benefits. You might want cash back, travel rewards, or low APR. Our tool makes it easy. It lets you compare many cards at once.

You have comprehensive information at your fingertips. You can select the card that best fits your spending and preferences. Take control of your finances. Find the perfect credit card for your needs with our easy comparison platform.
Chase Freedom Flex<sup>℠</sup> Card Chase Freedom Flex℠ Card Capital One SavorOne Student Cash Rewards Card Capital One SavorOne Student Cash Rewards Card Wells Fargo Active Cash<sup>®</sup> Card Wells Fargo Active Cash® Card
8.7MyCreditCardLab
Score		 9.1MyCreditCardLab
Score

MyCreditCardLab Score 9.1

We've meticulously evaluated this card using MyCreditCardLab's exclusive credit card rating system. Our assessment considered various cardholder needs, ultimately assigning a rating based on the need with the highest score, currently at "." Our rating scale ranges from 1 to 10, with 10 representing the best possible score.

Annual Fee
10
Intro APR
10
Regular APR
8.5
Rewards
8
Benefits
8.8
Welcome Bonus
8
Recommended Credit Score: 8.5
Foreign Transaction Fee: 10
Cash Advance Fee: 9.7
Balance Transfer Fee: 9.5
 8.7MyCreditCardLab
Score

MyCreditCardLab Score 8.7

We've meticulously evaluated this card using MyCreditCardLab's exclusive credit card rating system. Our assessment considered various cardholder needs, ultimately assigning a rating based on the need with the highest score, currently at "." Our rating scale ranges from 1 to 10, with 10 representing the best possible score.

Annual Fee
10
Intro APR
9.4
Regular APR
9.6
Rewards
8.7
Benefits
7.9
Welcome Bonus
9
Recommended Credit Score: 8.5
Foreign Transaction Fee: 7.3
Cash Advance Fee: 9
Balance Transfer Fee: 7.8
ANNUAL FEE
$0 $0 $0
INTRO APR
0% intro APR for 15 months 0% intro APR for 15 months 0% on Purchases and Balance Transfers for first 15 months
REGULAR APR
20.49% - 29.24% Variable APR 19.99% - 29.99% (Variable) 20.24%, 25.24%, or 29.99% Variable APR
WELCOME BONUS
$200 if you spend $500 in first 3 months Earn $50 Cash Back when you spend $100 in the first three months Earn a $200 cash rewards bonus after spending $500 in the first 3 months.
REWARDS
5% cash back on gas station and grocery store Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores, and 1% on all other purchases. Unlimited 2% cash rewards on purchases.
BENEFITS
Gas station, Grocery store No annual fee, International use, Entertainment Cell phone protection, Access Luxury Hotel
CASH ADVANCE FEE / APR
5% (min $10) / 29.99% 5% (min $5) / 5% 5% (min $10) / 29.99%
BALANCE TRANSFER FEE
Either $5 or 3% of the amount of each transfer, whichever is greater 0% APR on Balance Transfers for 15 months, and then 19.99% - 29.99% Variable APR Either $5 or 5% of the amount of each transfer, whichever is greater.
RECOMMENDED CREDIT SCORE
690 - 850 (Fair - Exceptional) 630 - 689 (Poor - Fair) 690 - 850 (Fair - Exceptional)
FOREIGN TRANSACTION FEE
3% None 3%
BEST FOR
  • Cash Back Seekers
  • Small Business Owners
  • Gas and Groceries
  • Restaurant
  • Cash Back Seekers
  • Students
  • Everyday Spending
  • Entertainment
  • Travelers
  • Cash Back Seekers
  • Everyday Spending
  • Online Shopping
  • Rewards Points Enthusiasts
More Details Compare More Details Compare

Chase Freedom Flex vs. Chase Freedom Unlimited vs. Chase Freedom Rise

The similar names might make you think the Chase Freedom Flex, Freedom Unlimited, and regular Chase Freedom Rise are the same. But, you’d be mistaken. The cards differ greatly. This is because the Freedom (not Flex) is not available to new applicants. Here’s how the two Freedom Cards compare:

Chase Freedom Unlimited Chase Freedom Flex Chase Freedom Rise
Annual fee No annual fee No annual fee No annual fee
Rewards Earn 5% back on Chase travel, 3% on dining and drugstores, and 1.5% on everything else Earn 5% on up to $1,500 on combined purchases in bonus categories each quarter you activate Earn 1.5% cash back on all your purchases with the Chase Freedom Rise Credit Card
Intro APR There is a 0% intro APR for 15 months. It applies to purchases and balance transfers. There is a 0% intro APR for 15 months. It applies to purchases and balance transfers. N/A

Chase Mastercard Login

Follow these easy steps:

Step 1. Go to the Login Chase Mastercard page via the official link.
Step 2. Log in using your username and password. The login screen appears upon successful login.
Step 3. If you still can’t access Chase Mastercard Login then see forgot your username and password option.

Frequently Asked Questions (FAQs)

Still have questions? Check out some of the top FAQs on the Chase Freedom Flex℠ credit card below and get the answers you're looking for.

What rewards do I earn on the Chase Freedom Flex?

You’ll earn 5% on up to $1,500 in spending per quarter in bonus categories that you activate. You'll also earn 5% on travel bought through Chase. You'll earn 3% at restaurants and drugstores. You'll earn 1% on all other purchases.

Is the Chase Freedom Flex a good beginner credit card?

No, the Freedom Flex isn’t a beginner credit card. Chase is known for being selective with whom it approves. So, apply for this card after you’ve built good credit and a high score with an easier card.

What are the bonus categories for Chase Freedom Flex?

Chase announces the bonus categories in advance. They change every quarter. The bonus categories in 2023 were:

Q1 2023: We saw growth at grocery stores (excluding Walmart) and Target. We also saw growth at fitness clubs and in gym memberships.

Q2 2023: Amazon.com and Lowe’s

Q3 2023: Will have gas stations and EV charging. It will also have select live entertainment.

Q4 2023: PayPal, wholesale clubs, and some charities

About Aedam Jo

Aedam Jo is the Founder and Editor-in-Chief of Lootrs.com. Khunt has scored over 50+ Credit Cards himself. He has also written hundreds of reviews about their benefits, rewards, and fees. You may want cash-back rewards, travel perks, or low APRs. Aedam Jo Credit Card Reviews is here to guide you. We'll guide you through the complex world of credit cards clearly and confidently.

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