Why Chase Freedom Flex is a Good Card
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Chase Freedom card is a very popular card from Chase Bank which has been replaced with all new Chase Freedom Flex card. This is a best all round card where it has bonus offers, rotating categories, flat cash back and many other benefits. Let’s discuss the details in this article.
Best Features of Chase Freedom Flex
Below are some of the best features of Freedom Flex card. It offers the below perks:
- You can earn a $200 Bonus after you spend $500 on purchases within your first 3 months from account opening.
- 5% cash back on up to $1,500 in combined purchases in bonus categories. Each quarter you’ll be provided with categories which you’ll have to activate.
- 5% cash back on travel purchased through the Chase Ultimate Rewards. It’s their premier rewards program that lets you redeem rewards for cash back, travel, gift cards and plenty other options.
- 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1% cash back on all other purchases.
- No minimum amount to redeem for cash back. You can choose to receive a statement credit or direct deposit of your cash back rewards into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open.
- 0% Intro APR for 15 months from account opening on purchases and balance transfers. After the promo period there is a variable APR of 14.99% – 23.74%.
- No annual fee – There is no annual fee for all the great features that come with your Freedom Flex card.
- Free Credit Check Feature – Chase Credit Journey is their app which helps you monitor your credit with free access to your latest score and recent credit activity on your profile.
Negatives about Chase Freedom Flex Card
No card is perfect and Freedom Flex is no exception. Below are some of the areas where it doesn’t shine as it does with other positive areas that we discussed.
- Balance transfer has 5% fee which is considerably higher than its competitor’s cards.
- This card charges 3% foreign transaction fee so you should plan to take a different card when you travel outside of United States.
- If you forget to activate the 5% bonus categories like the Discover Card, you’ll miss out the cash back benefit. So you have to remember to activate it though you get email reminders from the bank.
- Other Competitor’s like Citi Cash Back Card offer 0% intro APR for 18 Months which is longer than this card.
Who Can Apply for Freedom Flex Card
It is recommended that you have a credit score from anywhere from 690 and higher in order to get approved for this card really fast. If you’re having banking relationship with Chase, even a lower score can be considered.
Final Thoughts
Chase Freedom Flex is an excellent all-round credit card with no annual fee. Perks like $200 sign up bonus, 5% bonus categories, 0% Intro APR for 15 month and 1% cashback for all other purchases checks most of your requirements. It still has a good competition from Citi Double Cash Card and Discover it card.
