Chase Freedom Flex℠ review: $200 sign-up bonus and no annual fee
If you are searching for a generous welcome bonus and flexible redemption options for cashback rewards, our Chase Freedom Flex℠ review is going to show you something cool.
Get unlimited 1% cash back on everything with your Chase Freedom Flex℠
Looking for a credit card that maximizes your cash-back rewards? Our Chase Freedom Flex℠ review covers the card’s most lucrative features, including 5% bonus categories and no annual fee.
- Credit Score: Good to Excellent (690-850)
- APR: 19.49%-28.24% Variable
- Annual Fee: $0
- Fees: 3% foreign transaction fee
- Welcome Bonus: Earn a $200 Bonus after spending $500 on purchases within the first 3 months from account opening.
- Rewards: 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. 5% cash back on travel purchased through Chase Ultimate Rewards. 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service. Unlimited 1% cash back on all other purchases.
This credit card is perfect for reward optimizers who don’t mind keeping track of rotating categories and bonus tiers.
Keep reading to learn about its main features and whether this is the right credit card for your needs.
Chase Freedom Flex℠: a complete overview
The Chase Freedom Flex℠ is a rewards credit card that offers an impressive combination of fixed and rotating bonus categories.
The fixed categories include 5% cash back on dining and travel you purchase through Chase Ultimate Rewards®. Also, the rotating categories change every quarter and offer 5% cash back on up to $1,500 in purchases.
This card also provides a $200 bonus after spending $500 in the first three months of account opening.
While the Chase Freedom Flex℠ offers a lucrative rewards structure, it requires some work to keep track of the different bonus categories.
Therefore, this card is best for optimizers who are willing to put in the effort to maximize their rewards. If you are looking for a simpler cash-back card, you may want to consider other options.
The card also has no annual fee and offers a 0% intro APR for 15 months on purchases and balance transfers. This makes it a good option for those looking to make larger purchases or transfer balances.
So the Chase Freedom Flex℠ is an excellent cash-back credit card with impressive rewards and no annual fee.
However, it requires some effort to keep track of the various bonus categories, and it may not be the best option for international travelers.
With all this information in mind, we are ready to compare the reasons why you may or may not want this credit card. Check them out below.
Reasons you may want it
The Chase Freedom Flex℠ is an excellent rewards credit card for those seeking cash back benefits.
It offers a $200 bonus after spending $500 in the first three months and a combination of fixed and rotating bonus categories, including 5% cash back on dining and travel.
The card also has no annual fee and provides a 0% intro APR for 15 months on purchases and balance transfers. Additionally, you can redeem your rewards for cash back, travel, gift cards, and more.
So this card is a great option for those who want to maximize their rewards without having to pay additional fees.
Why maybe you wouldn’t choose it
The Chase Freedom Flex℠ offers many benefits to review here, but it may not be the ideal card for everyone. One potential drawback is that the card requires good to excellent credit to qualify.
Also, the rewards structure can be difficult to figure out and may require more maintenance than some users prefer.
The card also charges a 3% foreign transaction fee, which can be a significant cost for international travelers.
Finally, the ongoing APR can be high, which may make carrying a balance less feasible for some users. While this card is a great cash-back card, it may not be the best fit for everyone’s needs.
Inside the application process for Chase Freedom Flex℠
Want to start maximizing your cash back rewards with the Chase Freedom Flex℠? Applying for this card is a snap with our detailed application guide. Click the link below to learn more and apply today.
About the author / Danilo Pereira
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