What are the best Chase Freedom Flex deals?

This question is about the Chase Freedom Flex℠

JOSEPH BULEBUSH, Econ Major

@joeybule • 11/16/20 This answer was first published on 07/16/19 and it was last updated on 11/16/20.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The best Chase Freedom Flex deals are a $200 initial bonus, a 5% cash back bonus on certain purchases, an introductory APR of 0% for 15 months on purchases, and limited-time deals with DoorDash and Lyft. Chase Freedom Flex also sweetens the offer with a $0 annual fee.

To earn the $200 sign-up bonus, you’ll need to spend $500 within the first 3 months after account opening. Once you meet the spending requirement, it may take 6-8 weeks for the bonus to show up in your account.

The ongoing Chase Freedom Flex 5% cash back rate is limited to $1,500 spent in select categories that change each quarter. Bonus category purchases that exceed $1,500 in any quarter will earn 1% cash back. Chase Freedom Flex also always offers unlimited 3% cash back on dining and drugstore purchases. Purchases outside of the bonus categories get 1% back.

The Chase Freedom Flex introductory interest deal is 0% for 15 months on new purchases. After the introductory period expires, the APR jumps to its 14.99% - 23.74% (V) regular rate. You’ll want to make sure you pay off any balance under the promotional rate before it expires.

For a limited time, Chase Freedom Flex offers 3 months of free DashPass from DoorDash, which gives you free delivery on eligible orders of at least $12. You must activate this offer in your online account by 12/31/2021. And through March 2022, you can get 5% cash back on Lyft rides.

Chase Freedom Flex℠

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People also ask

What is the Chase Freedom Flex foreign transaction fee?

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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How do Chase Freedom rewards work?

Chase Freedom’s rewards are 1% to 5% cash back on purchases with a $200 bonus for spending $500 in the first 3 months. The Freedom card’s 5% cash back rewards apply to purchases in select categories that change every quarter. Cardholders must activate the new categories every quarter to earn the 5% bonus rate. Past 5% rewards categories have included grocery stores (except Walmart and Target), drugstores, home improvement stores, gas stations, streaming services and Amazon.com. There’s also a $1,500 quarterly spending limit for the bonus categories. Purchases over $1,500 in a quarter and all purchases outside of the bonus categories earn 1% cash back.… read full answer

Chase Freedom’s rewards are marketed as cash back, but they’re actually points that you can redeem for cash back, gift cards or travel purchases at a rate of 1 cent per point. You can also apply points toward Amazon.com purchases, but you’ll only get 0.8 cents per point. Chase Freedom rewards never expire as long as your account is open.

If either you or Chase close the account, you will lose any unused points. Chase may close your account for fraud, reward program abuse, delinquent payments, bankruptcy or other reasons.

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