Credit Cards

Chase Freedom Wholesale

By David Krug David Krug is the CEO & President of Bankovia. He's a lifelong expat who has lived in the Philippines, Mexico, Thailand, and Colombia. When he's not reading about cryptocurrencies, he's researching the latest personal finance software. 6 minute read

There is a lot of value in the combination of cashback rewards and high-quality features that Freedom Flex from Chase offers to its customers. The finest travel credit cards and the greatest cashback credit cards are both available via Chase. To make matters even better, the new Chase Freedom Flex card has just been released.

Here, we’ll discuss who should acquire the Chase Freedom Flex, its advantages, and disadvantages, as well as how you may earn and redeem the cashback. When comparing credit cards, this should help you determine whether the Freedom Flex is the best option for you.

Who is the perfect choice for the Chase Freedom Flex?

It’s important to get cashback or rewards on everyday purchases since they may easily add up to a significant part of your personal budget. Using a cashback credit card is like receiving a discount since you get money back on every transaction. This is why the Chase Freedom Flex is so useful.

The Freedom Flex is one of the best cashback cards on the market because of its unique earning potential and other perks. In addition to earning 5% in rotating quarterly categories (on the spending of up to $1,500), you may also earn 3% at restaurants (including takeout and delivery) and drugstores, as well as 1% on all other purchases, with this card.

Using the Freedom Flex in restaurants (including takeout and qualified delivery) and drugstores can’t be surpassed for everyday purchases. The changing categories may or may not be beneficial to you at any given time. Amazon.com transactions, food purchases, gas station purchases, streaming services, and others have all been included in previous rotations.

If you’re searching for luxury travel advantages, the Freedom Flex may not be the best option for you. When booking travel using the Chase travel portal, you may utilize it to earn cashback rewards. In this way, the Freedom Flex card may be used for both ordinary shopping and for travel purchases through Chase.

Since this card has no annual charge, the advantages much outweigh its costs overall.

Card basics

  • Card Type. Cash Back
  • Credit Card Issuer. Chase
  • Credit Card Network. Mastercard
  • Annual Fee.$0
  • Intro Bonus. Earn $200 cashback after spending $500 on purchases in the first 3 months
  • Reward Rate. 5% on rotating quarterly categories (on up to $1,500 spent) and travel purchased through the Chase Ultimate Rewards portal; 3% at restaurants (including takeout and delivery) and drugstores; and 1% on all other purchases
  • Recommended Credit Score. Excellent, Good
  • Intro APR. 0% intro APR on purchases for 15 months then 14.99% to 23.74% (variable)

Benefits and perks of Chase Freedom FlexBenefits and perks of Chase Freedom Flex

  • In the first three months, you’ll get $200 in cashback if you spend $500 on items.
    Getting Reward Points: Earn 5% on rotating quarterly categories (up to $1,500 spent) and travel bought through the Chase Ultimate Rewards site; 3% at restaurants (including takeout and delivery) and drugstores; and 1% on all other purchases. In the first three months, you’ll get $200 in cashback if you spend $500 on items.
  • Getting Reward Points. Earn 5% on rotating quarterly categories (up to $1,500 spent) and travel bought through the Chase Ultimate Rewards site; 3% at restaurants (including takeout and delivery) and drugstores; and 1% on all other purchases.
  • There’s no yearly fee to worry about while you’re earning cashback incentives since there isn’t one.
  • For the first 15 months after opening your account, you’ll pay a 0% introductory APR on all purchases (then a variable APR of 14.99 percent to 23.74 percent). This implies that you won’t have to pay interest on any purchases you have to make using a credit card.
  • Purchase protection, extended warranty protection, mobile phone protection, vehicle rental coverage, and trip cancellation or interruption insurance are all included in the Freedom Flex.
  • Lyft and DoorDash. Ride Lyft and get 5% cashback. Get three free months of DashPass from DoorDash in addition. Unlimited DoorDash deliveries are included with this service, and there are no delivery costs for orders above $12.

The card’s drawbacks

  • When you have the chance, bonus categories are great since they lower your overall cost, but that isn’t always the case. In all other purchase categories, the Freedom Flex offers just 1% cashback. When compared to other cards that allow you to earn limitless cashback on all transactions, this card’s rate falls short.
  • The Freedom Flex may offer certain travel perks, but it’s not a good idea to make purchases with this card when you’re away from home. There is a 3% charge for overseas transactions.
  • With the Freedom Flex, you won’t be able to take advantage of any luxuries. You’ll need a card like the Chase Sapphire Reserve to get access to Priority Pass airport lounges or annual travel credit. To maximize the points and advantages of both cards, frequent travelers may want to consider combining their Chase Freedom with Chase Sapphire credit cards.

Earning and redemption of Chase Ultimate Rewards

Chase Ultimate Rewards points may be redeemed for cash back on the Chase Freedom Flex card. One of the reasons Chase credit cards are so popular is that these points are among the most valuable of any credit card rewards available.

Using the Freedom Flex card, below we’ll show you how much cashback you may get in the first two years. We’ll also show you how to get the most out of this card’s cash-back rewards and how to cash them out.

Earnings potential in the first and second years

Using the Chase Freedom Flex card, you can see how your cashback may grow. We utilized a penny per Ultimate Rewards point valuation to arrive at these numbers. Keep in mind that this is only a guess. What you spend and where you spend it will have an impact on the final worth.

  • Year one earnings: $807
  • Year two earnings: $607

Earning opportunities at its finest

The bonus categories on the Chase Freedom Flex are where you’ll get the most bang for your buck when it comes to earning rewards. Using the Freedom Flex to make frequent purchases in categories where the rewards are higher can help you rack up the most cash back.

Maximize the value of your redemptions

When you’re using the Chase Freedom Flex to make purchases that are eligible for extra rewards, you may earn a lot of cashback. Multiple ways to redeem your points are also available. There are several ways to use the cash back you earn, including vacation, cash, a credit on your bill, gift cards, and purchases made through shopping partners. It’s also possible to pay using points for some products.

CategoriesRewards Rate
Rotating quarterly categories (on up to $1,500 spent) and travel purchased through the Chase Ultimate Rewards portal5%
Restaurants (including takeout and eligible delivery) and drugstores3%
All other purchases1%
Lyft rides5%

Each of these redemption options has a fair value, but if you have another Chase card like the Chase Sapphire Preferred or the Chase Sapphire Reserve, you may maximize the value of your points. The value of Chase Ultimate Rewards rises with certain cards and may be transferred freely across multiple Chase cards. For example, on the Sapphire Preferred and Sapphire Reserve, points are worth 25% and 50% more in travel redemptions, respectively.

When you use multiple Chase credit cards, you may easily maximize the value of your points. With the right credit cards, you may move your points to a card with the best redemption value after you’ve spent with one that offers the most rewards. In order to maximize the value of your redemptions, you might utilize a tactic known as the “Chase trifecta,” in which you use three Chase credit cards in succession. Other options include using a travel rewards card with a cashback card like the Chase Sapphire Preferred vs. Chase Freedom Flex.

Additional cards to consider

The Chase Freedom Flex has a good amount of earning potential and perks, and there’s no yearly fee to boot. On the other hand, this isn’t a card that can be used for everything and still provide you with the best benefits.

5 percent for travel expenditures made through Chase Ultimate Rewards, 3 percent on dining and pharmacy purchases, and 1.5 percent for all other purchases are eligible for cashback with the Chase Freedom Unlimited. There is a 1.5 percent difference between Freedom Flex’s 1 percent cash back on non-bonus purchases and that of Freedom Flex on all other transactions.

Additionally, a card like the Capital One Savor Cash Rewards Credit Card might provide greater rewards than the Freedom Flex if you often spend in certain areas. You may get 8 percent cash back on Vivid Seat tickets purchased through January 2023, 4 percent unlimited cash back on eating and entertainment, 3 percent at grocery shops (excluding superstores like Walmart and Target), and 1 percent cash back on all other transactions with this card.

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