The Chase Freedom Flex APR is 0% for 15 months on purchases, with a regular APR of 14.99% - 23.74% (V) after that. There is no introductory APR for balance transfers. Chase Freedom Flex’s ongoing APR is a range because different people get different rates, depending on how “creditworthy” Chase thinks they are. The better an applicant’s credit and income are, the lower their APR is likely to be. The “(V)” at the end of the APR range stands for “variable” and means that the APR can change based on the economy.
Chase Freedom Flex has one other APR you should know about. The cash advance APR, for when you use your card to get money from an ATM or bank teller, is 24.99% (V), with a fee of Either $10 or 5% of the amount of each transaction, whichever is greater.. You should note that unlike regular purchases, which have a grace period, cash advances start accruing interest right away. The same is true for balance transfers, which accrue interest at the card’s regular APR. Fortunately, Freedom Flex does not charge a penalty APR for being delinquent on payments. But it’s best to always pay on time anyway so you don’t hurt your credit score.
Zero-interest credit cards charge a 0% interest rate on purchases and/or balance transfers for the duration of the introductory period – typically from 6 to 21 months, depending on the card. When the intro APR period ends, the regular interest rate kicks in for any remaining balance and any future purchases or balance transfers charged to the card. The average 0% APR period lasts for about 11 months.… read full answer
Due to the fact that 0% APR credit cards provide a potentially long window for interest-free repayment, they’re especially useful in financing big purchases or paying off large debts. The card’s best use, however, will depend on the terms of the introductory APR period. Some 0% interest credit cards only offer zero interest on purchases, while others only offer it for balance transfers. Some offer the intro period for both purchases and balance transfers.
When you’re shopping for a 0% APR credit card, it’s a good idea to know what you want to use the intro period for, so you can get the card that benefits you most. Keep in mind that credit cards with 0% interest periods usually do not give way to a low regular APR. The average regular interest rate for a 0% APR credit card is about 19%, so it’s best to have a plan to pay off any balance on the card before the intro period ends. A credit card payoff calculator can help.
The Chase Freedom Flex foreign transaction fee is 3% of each transaction in U.S. dollars. Every Freedom Flex purchase made with a foreign merchant has an extra 3% of each transaction in U.S. dollars added on to the total cost. That applies to both in-person and online purchases. Because of this fee, Chase Freedom Flex isn’t an ideal card for use abroad.… read full answer
In addition to the 3% of each transaction in U.S. dollars foreign transaction fee, Chase Freedom Flex has a few other fees that are worth mentioning. The balance transfer fee is 5% of the amount transferred (minimum $10). The cash advance fee is 5% of the transaction amount (minimum $10). And the maximum late fee or returned payment fee is $39. On the bright side, the card has a $0 annual fee.
If you’re looking for a good Chase card to use while traveling abroad, you might consider Chase Sapphire Preferred, the Marriott Bonvoy Bold Card or the IHG Rewards Club Traveler Card.
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