Chase Freedom Flex

Chase Freedom Flex Review Highlights

$200 Initial Bonus

New cardholders can earn the Chase Freedom Flex card’s initial bonus of $200 by spending $500 within 3 months of opening an account. Dollar for dollar, that is one of the best initial bonuses available right now, working out to as much as 40% cash back.

$0 Annual Fee

The Chase Freedom Flex Mastercard’s annual fee is $0. That makes it roughly $19.76 per year cheaper than the average credit card offer.

Several 5% Cash Back Categories

Chase Freedom Flex gives 5% cash back on up to $12,000 spent on groceries the first year your account is open. It also offers a permanent 5% earning rate on travel bookings made through Chase Ultimate Rewards, with no spending limit. On top of that, cardholders can activate rotating bonus categories to earn 5% back, up to $1,500 spent in those categories each quarter. And as if that weren’t enough, Freedom Flex cardholders get 5% cash back on Lyft rides through March 2022.

Most credit cards with 5% cash back earning rates only give that rate for one or two spending categories at a time. Freedom Flex is uniquely rewarding as a result.

3% Cash Back on Dining and Drugstore Purchases

The Freedom Flex card’s 3% rewards rates apply to all manner of dining and drugstore purchases, including those delivered to your home. The merchant you purchase from must be categorized as a restaurant, eligible delivery service, or drugstore, though.

Base Rewards Rate of 1% Cash Back

Most cashback credit cards give 1% back as a base earning rate. The only way to get a higher base rate is to sacrifice in terms of your chosen card’s maximum earning rate.

Numerous Secondary Benefits

Chase Freedom Flex Mastercard benefits include rental car insurance, extended warranty protection, purchase protection, trip cancellation/interruption insurance, and cell phone protection. Freedom Flex cell phone protection covers phones whose bills are paid for with the Freedom Flex card against damage and theft, up to $800 per claim, and $1,000 per year.

Complimentary DashPass Membership

Chase Freedom Flex cardholders get three months of membership in this DoorDash service for free, then the next nine months are 50% off. DashPass members get $0 delivery fees on orders over $12.

High Regular APR

The Chase Freedom Flex card’s regular APR is 14.99% – 23.74% (V), depending on each applicant’s creditworthiness. For context, the average APR among new credit card offers is 17.89%, and it’s 19.24% when you limit things to credit cards for people with good credit.