There’s so much to love concerning the Chase Freedom Flex℠, and in the event you’re out there for a cash again card, it needs to be in your radar.
As of right this moment, you are free to use for the Chase Freedom Flex℠, which is Chase’s latest bank card. And despite the fact that new bank cards typically get fairly a little bit of consideration, that is one time the place that is well-deserved. The Chase Freedom Flex℠ has a laundry checklist of beneficial options, and it affords all of them for no annual price.
If you wish to stand up to hurry on this card and determine whether or not you must apply, we have put collectively a fast primer with all an important particulars.
It has six completely different bonus classes
There aren’t a number of bank cards that equal the Chase Freedom Flex℠ with regards to bonus cash again. Listed here are its cash again charges and bonus classes:
- 5% at grocery shops for the primary 12 months that you’ve got the cardboard with a spending cap of $12,000. Goal and Walmart purchases do not qualify.
- 5% on journey purchases that you simply ebook utilizing the Chase Final Rewards journey portal.
- 5% on Lyft rides you’re taking by March 2022.
- 5% on rotating quarterly bonus classes you activate, as much as a spending cap of $1,500 in mixed purchases per quarter.
- 3% at eating places. Takeout orders and purchases by eligible supply companies qualify.
- 3% at drugstores.
All different purchases will get you the usual 1% again.
It has two high-value introductory affords
There are two ways in which the Chase Freedom Flex℠ can prevent a number of cash from the start:
- Whenever you spend $500 on purchases inside three months of opening the cardboard, you get a $200 sign-up bonus.
- The cardboard has a 0% APR on all of your purchases for the primary 15 months, so you might finance costly purchases for effectively over a 12 months with none curiosity costs.
It consists of free cellphone insurance coverage
Here is an additional perk that may be a lifesaver for the various customers with smartphones. If you happen to use your Chase Freedom Flex℠ to pay your cellphone invoice, then any cell telephones listed on that invoice will probably be coated below this bank card’s complimentary insurance coverage coverage.
The coverage protects in opposition to coated theft or harm as much as an $800 most per declare and $1,000 most per 12 months, with a $50 deductible on every declare. There’s additionally a restrict of two claims per 12-month interval.
Contemplating how a lot it might probably price to restore or change a smartphone, cellphone insurance coverage is sweet to have. And it is even nicer whenever you need not pay for it your self.
It pairs up effectively with Chase’s journey bank cards
In case you have one among Chase’s journey playing cards, such because the Chase Sapphire Most well-liked® Card or the Chase Sapphire Reserve®, do not rule out the Chase Freedom Flex℠ simply because it is a cash again card.
One of many nice issues about Chase bank cards is you could switch rewards between them. Which means you’ll be able to take the cash again you’ve got earned in your Chase Freedom Flex℠ and ship it over to a Chase journey card, with every $1 in cash again being worth 100 Final Rewards factors.
This lets you get one of the best of each worlds. You should use the Chase Freedom Flex℠ for purchases in any of its bonus classes the place it’ll earn greater than your Chase journey card. You may then switch its rewards to the journey card, the place you will have all of the journey redemption choices of Chase Final Rewards factors.
It’s essential go Chase’s 5/24 rule to qualify
For Chase bank cards, there’s an utility rule to concentrate on. It is often called Chase’s 5/24 rule, as a result of the cardboard issuer virtually at all times denies purposes from anybody who has opened 5 or extra bank cards over the earlier 24 months.
If you happen to do not open new bank cards that always, then you definitely in all probability need not fear about this rule. However in the event you suppose that you simply may be close to the restrict, then it is a good suggestion to verify what number of playing cards you’ve got opened not too long ago to be sure you’re not losing your time.
The underside line on the Chase Freedom Flex℠
Though there are fairly just a few spectacular cash again playing cards on the market, Chase has nonetheless discovered a option to make a splash in a crowded market. The bonuses and different perks that the Chase Freedom Flex℠ has to supply are prime notch, so in the event you have been planning to get a brand new bank card, that is one to strongly take into account.