Chase Freedom Flex℠
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The Chase Freedom Flex card is replacing the Chase Freedom card, offering more robust rewards and utilizing the Mastercard network as opposed to Visa. You’ll enjoy the same rotating rewards, additional cash back on travel and dining, and new Mastercard World Elite benefits. The Chase Freedom Flex card will be open to applicants starting September 14th.
Highlights & Features
Rewards
- 5% cash back on:
- Travel purchased through Chase Ultimate Rewards
- Lyft rides (through March 2022)
- Grocery store purchases (not including Target or Walmart purchases; up to $12,000 spent in the first year)
- 5% cash back in rotating categories, up to $1,500 in spending each quarter, then 1%
- 3% cash back at:
- Restaurants
- Drugstores
- 1% cash back on all other purchases
INTRODUCTORY BONUS
$200 bonus for spending $500 in the first 3 monthsBalance Transfers
A balance transfer is a way to move credit card debt from one credit card to another with the goal of saving money on interest.
| Intro Balance Transfer APR | N/A |
| Regular Balance Transfer APR | 14.99% - 23.74% Variable |
| Balance Transfer Fee | Either $5 or 5% of the amount of each transfer, whichever is greater. |
Fees
| Penalty APR | N/A |
| Late Fee | See Terms |
| Returned Payment Fee | See Terms |
| Additional Cards Annual Fee | N/A |
| Foreign Transaction Fee | 3% of each transaction in U.S. dollars |
Cash Advances
Borrowing cash on your credit card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.
| Cash Advance APR | 24.99% Variable |
| Cash Advance Fee | Either $10 or 5% of the amount of each transaction, whichever is greater. |
Card Benefits
PERKS
- Free Credit Score
SECURITY
- Zero Liability on Unauthorized Charges
SHOPPING
- Purchase Protection
- Extended Warranty Protection
TRAVEL
- Auto Rental Insurance
- Emergency Travel Assistance
- Trip Interruption Insurance
ABOUT THE ISSUER
Chase
Chase has several card types depending on your needs.
Manage your Account & Pay your Bill
You can usually pay your bill online on your
Credit card issuer's websiteAvailable September 14th, the Chase Freedom Flex Mastercard is a step up from the late and (soon to be) discontinued Chase Freedom® (Review).
This card is essentially replacing the Chase Freedom card, and if you have the Freedom right now you’ll be given the option to request the new Flex card sometime in the future.
Just like the original Freedom, you’ll still earn 5% cash back on up to $1,500 per quarter in rotating bonus categories. You’ll also get 5% cash back on all travel purchased through the Chase Ultimate Rewards portal, 5% back on Lyft rides through March 2022, 3% on dining and drugstore purchases, and 1% back on everything else you purchase.
Here are the current and recent 5% cash back bonus categories:
| Quarter | 2019 Categories | 2020 Categories |
|---|---|---|
| January – March |
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| April – June |
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| July – September |
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| October – December |
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You’ll get Mastercard World Elite benefits such as purchase protection, auto rental damage collision waiver, extended warranty protection, and a handful of others— which you can find in your Guide to Benefits if you’re approved for the card.
The Freedom Flex Mastercard comes with no annual fee and a 3% foreign transaction fee.
