There are two Chase Freedom Flex 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 (20,000 points) for spending $500 in the first 3 months. That’s a 40% return.
Quarterly bonus: 5% back (5 points per $1) on the first $1,500 spent in bonus categories every three months. Cardholders must “activate” new categories every quarter.
Chase Freedom Flex also used to have an authorized user bonus. It offered $25 (2,500 points) for adding an authorized user in the first 3 months as long as the primary cardholder also made a purchase in the first 3 months.
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.