Getting the Chase Freedom Flex bonus is pretty simple. This card has two bonus offers; $200 cash back for spending $500 in the first 3 months and 5% cash back on up to $1,500 spent per quarter in bonus categories. Both Chase Freedom Flex bonuses are fairly easy to earn, but require some very specific steps to get them. And that may include doing a bit of waiting.
Chase Freedom Flex bonus rewards will show up in your account within 1 to 2 billing cycles of you qualifying for them, in most cases. It’s also worth noting that while the Chase Freedom Flex bonus rewards are advertised as cash back, they’re actually points that you can trade for cash at a rate of 1 cent per point.
Here’s how to get each Chase Freedom Flex bonus:
Initial bonus: $200 for spending $500 in the first 3 months.
Quarterly bonus: 5% cash back on the first $1,500 spent in bonus categories every three months. Cardholders must “activate” new categories every quarter.
Chase Freedom Flex bonus points can be traded for cash back, gift cards or travel at a rate of 1 cent per point. Just remember to allow 1-2 billing cycles for Chase Freedom Flex bonus points to post to your account. If it’s been longer than that, you can always call the number on the back of your card to ask about it.
If you’re referring to the 5% cash back, you need to activate the rewards categories each quarter. If you mean the $150 bonus, you get it after you spend $500 in purchases in the first 3 months from account opening. The 1% cash back is automatic, you don’t need to do anything but use the card in order to get it.
What type of bonus are you thinking of ? If you're thinking of the intro bonus, you just have to spend $500 when you first get the card. If you're talking about the 5% bonus cashback, you can check out what qualifies as a bonus, and activate it through this link: https://creditcards.chase.com/freedom/calendar
Chase points are worth 1.16 cents per point, on average. The value of Chase points depends on which Chase credit card you have and how you choose to redeem the points. For example, points from Chase are worth up to 1.25 cents each when redeemed for travel through Chase Ultimate Rewards, and they are worth 1 cent each when redeemed for cash back. … read full answer
One thing worth noting is that the Chase Sapphire Preferred, Sapphire Reserve and Ink Business Preferred credit cards give 25% to 50% more value per point than other Chase credit cards when redeeming for travel through Chase Ultimate Rewards.
Tips for Maximizing the Value of Chase Points
Redeem Points for Ultimate Rewards Travel.
Chase points are worth the most when redeemed for travel through Chase Ultimate Rewards, but you need the right Chase credit card.
Get a Chase Sapphire card.
Chase Sapphire Preferred points are worth 1.25 cents apiece when redeemed for Ultimate Rewards travel, or you could get 1.5 cents per $1 point in value from Chase Sapphire Reserve.
Redeem Chase points regularly.
Chase points do not expire due to account inactivity, but stockpiling points does put you at risk of rewards devaluation. Plus, you won't get to enjoy the fruits of your spending if you don't redeem.
Keep your account in good standing.
If Chase closes your account because of a failure to pay the bill or fraudulent activity, you'll lose any unredeemed points you have saved.
Redeem before closing your account.
Any points you don't redeem before closing your account will be lost.
The easiest way to redeem Chase rewards is online, but you can also do that over the phone at (800) 432-3117. You can redeem Chase rewards for gift cards, travel and cash back. Chase points are generally worth 1 cent each regardless of what they’re redeemed for. If you’re redeeming for cash, you can also go to a Chase branch. You’ll get your money as a statement credit or as an electronic deposit to the bank account of your choice.… read full answer
Here’s how to redeem Chase rewards:
Online: For online redemption, log in to your Chase account and go to the Chase rewards portal. From there, you’ll be able to book trips, buy gift cards, request statement credits, etc.
By phone: To redeem by phone, call Chase customer service at (800) 432-3117. Enter your account number to connect to a customer service representative. State that you want to redeem rewards.
At a Chase branch: You can request a statement credit or bank account deposit in exchange for your Chase rewards at any Chase branch. You just need your account number and a picture ID. But you won’t actually get cold hard cash on the spot.
Different Chase cards have different rewards programs. One card might give you the most rewards for travel, another for everyday purchases. So, you’ll want to pick a card with a reward structure that matches your lifestyle.
For all Chase cards in the Ultimate Rewards program, except Chase Freedom Flex℠ and Chase Freedom Unlimited®, you can also transfer Chase points to 13 airline and hotel loyalty programs at a 1:1 ratio. Whether or not that’s a good deal depends on the value of the loyalty program’s miles. Chase travel partners include United, British Airways, Southwest, IHG, Marriott and others.
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