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5 reasons everyone loves the Chase Freedom Flex

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Everyone seems to love the Chase Freedom Flex℠, but why? Once you dig into the details of this cash back credit card, you’ll quickly notice it offers something for every type of rewards enthusiast.

In addition to one of the best rewards rates among all cash back credit cards, new customers can also earn a welcome bonus while qualifying for an array of important perks.

Here are the five biggest reasons everyone has been raving about this card.

1. Exceptional rewards

The Chase Freedom Flex starts new customers off with a $200 cash bonus when they spend $500 on purchases within three months of account opening. From there, cardholders have the chance to earn rewards in an array of popular everyday spending categories.

It all starts with the fact that you earn 5 percent back on up to $1,500 spent in bonus categories that rotate every three months (upon activation), followed by 1 percent back. Chase Freedom Flex categories can differ from year to year, but they include options most consumers can easily maximize.

2021 categories 2022 categories
Q1: January to March
  • Wholesale clubs
  • Internet, cable and phone services
  • Select streaming services
  • Grocery stores
  • eBay
Q2: April to June
  • Gas stations
  • Home improvement stores
  • TBA
Q3: July to September
  • Grocery stores (excluding Walmart and Target)
  • Select streaming services: Disney+, Hulu, ESPN+, Netflix, Sling, Vudu, Fubo TV, Apple Music, SiriusXM, Pandora, Spotify and YouTube TV
  • TBA
Q4: October to December
  • Walmart and PayPal Purchases
  • TBA

As if those categories weren’t enough, Chase Freedom Flex owners earn 5 percent back on Chase Ultimate Rewards travel purchases, 3 percent back on dining and drugstore purchases and 1 percent back on everything else. The combination of rewards categories makes the Chase Freedom Flex quite unique and lucrative for almost anyone.

2. Flexible rewards redemptions

Where some cash back credit cards only let you redeem rewards for a check in the mail or statement credits, the Chase Freedom Flex stands out in this area, too. You can redeem your rewards for cash back, statement credits, gift cards, merchandise and even travel through Chase Ultimate Rewards.

If you have a premium travel credit card from Chase, like the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve®, that’s even better. By pairing cards, you can utilize different rewards cards to maximize points on all your spending and bills. From there, Chase lets you pool your points in a premium travel card account for better travel redemptions.

For example, the Chase Sapphire Preferred gives 25 percent more value for your points when you redeem for travel, and the Chase Sapphire Reserve gives you 50 percent more value. In the meantime, having either card unlocks the option to transfer your points to Chase Ultimate Rewards partners like Air France/Flying Blue, United MileagePlus, Southwest Rapid Rewards, IHG Rewards and World of Hyatt.

3. Introductory APR offer

The Chase Freedom Flex offers incredibly generous rewards, but that’s not all. New cardholders can also benefit from a 0 percent intro APR on purchases and balance transfers for 15 months, followed by a variable APR of 14.99 percent to 23.74 percent.

This introductory rate can be helpful if you need to make a large purchase and pay it down over time or if you want to consolidate high-interest debt.

Just note that the balance transfer fee for debt you consolidate is only 3 percent ($5 minimum) for balances transferred within the first 60 days. After that, the balance transfer fee goes up to 5 percent (minimum $5).

4. Travel perks

Consumers who choose the Chase Freedom Flex also get access to a range of surprising travel benefits, including several travel insurance protections.

For starters, cardholders earn 5 percent back on travel they book through the Chase portal, which could include airfare, hotels, rental cars and more. Not only that, but the card comes with trip cancellation and interruption insurance, as well as secondary auto rental protection. Cardholders also get travel and emergency assistance services that can come in handy for medical and legal referrals and other emergency help when you’re far from home.

5. Consumer protections

The Chase Freedom Flex also comes with cellphone protection worth up to $800 per claim (max $1,000 per year). This protection comes into play when you pay your cellphone bill with your card. A maximum of two claims per 12-month period can be filed, and a $50 deductible applies.

Meanwhile, cardholders are also eligible for purchase protection against damage or theft that is good for up to 120 days after purchase. This coverage is good for up to $500 per claim and up to $50,000 per account.

Finally, the Chase Freedom Flex grants cardholders an additional year of warranty protection for eligible items that already come with a manufacturer’s warranty of three years or less. This extended warranty protection applies when you purchase items and pay with your credit card, and it’s free for cardholders.

Why you might consider a different cash back credit card

All this said, there are a handful of reasons you may want to consider another cash back card or having more than one card. For example, one major downside of the Chase Freedom Flex is the fact cardholders only earn 1 percent back on regular, non-bonus spending. For this reason, many consumers might pair this card with another rewards card that offers more points on regular spending, such as the Chase Freedom Unlimited® or the Citi® Double Cash Card.

And if you’re mostly after intro APR, know that some cards offer this perk for longer than 15 months. If you are looking to save on interest on purchases, balance transfers or both, compare the Chase Freedom Flex to other 0 percent APR credit cards.

The bottom line

The Chase Freedom Flex is one of the best cash back credit cards on the market today. Generous earning rates in rotating categories and everyday spending categories can help you earn more rewards, and the card comes with a surprising number of perks considering its lack of an annual fee.

Written by
Holly D. Johnson
Author, Award-Winning Writer
Holly Johnson writes expert content on personal finance, credit cards, loyalty and insurance topics. In addition to writing for Bankrate and, Johnson does ongoing work for clients that include CNN, Forbes Advisor, LendingTree, Time Magazine and more.
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