As part of the Chase-Lyft Partnership, the Chase Freedom Flex Card also earns 5% cash back on Lyft purchases until March 2025.
Current Intro Bonus
Earn $200 cash back after you spend $500 on the card within the first 3 months from account opening.
This bonus is equal to 20,000 Ultimate Rewards points which is worth $200 cash back when redeemed using the Chase Freedom Flex.
Key Cardholder Benefits
- No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
- No annual fee – You won’t have to pay an annual fee for all the great features that come with your Freedom Flex℠ card
- Keep tabs on your credit health - Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.
- Be protected with trip cancellation insurance, trip interruption insurance, auto rental collision damage waiver, and cell phone protection.
Chase Freedom Flex Points are worth 1 cent each when redeemed for cash back, statement credits, gift cards, and travel. This means that 10,000 Chase Freedom Flex Points have a dollar value of $100.
|Redemption Option||Average Value (in cents)|
|Booking travel through Chase Ultimate Rewards||1|
|Redeeming points for cash back||1|
|Redeeming points for gift cards||1|
|Using points for Amazon.com purchases||0.8|
You can obtain higher value by transferring your Chase Freedom Flex Points to an Ultimate Rewards credit card that offers the capability to transfer points to Chase's travel partners or redeem them for travel through Chase Ultimate Rewards for increased value.
Those options would be:
Here are the values you can obtain with each card when redeeming points for travel:
|Chase Freedom Flex||1 Cent|
|Chase Sapphire Preferred||1.25+ Cents|
|Ink Business Preferred||1.25+ Cents|
|Chase Sapphire Reserve||1.5+ Cents|
The Chase Freedom Flex has an annual fee of $0 and there is no cost to add additional cardholders.
Freedom Flex Points Calculator
Use the Chase Freedom Flex Points Calculator to determine how many points you can earn based on the monthly or yearly spending amounts you enter.
You can calculate the cash value of the Chase Freedom Flex Card alongside up to two credit cards from any issuer.
Any spend entered into the primary card column (the first column) will carry over to all credit card calculators on the site. This means there's no need ot re-enter spend when jumping to other credit card pages on the site.
NOTE 1: The Chase Freedom Flex Card features one category called Quarter Rotating Categories that calculates 5% back on up to $1,500 for each quarter.
If you want to just calculate how much you would earn in a single quarter, use the Chase Freedom Flex Card 5% Back Calculator.
NOTE 2: This calculator shows transfers to partners. Do note that you can not transfer points directly from the Chase Freedom Unlimited Card to Chase's travel partners. You must first transfer your points to an Ultimate Rewards credit card that is capable of transferring points such as the Sapphire Reserve, Sapphire Preferred, or Ink Business Preferred.
5% Back Calculator
You can use this calculator to calculate how much cash back you can earn spending across the 5% cash back categories on the Chase Freedom Flex Card. It will calculate 5% back on up to $1,500 in spend and calculate 1% cash back for every $1 spent over that.
Remember that while this is a "cash back credit card", it earns Chase Ultimate Rewards Points which can be redeemed for 1 cent each towards cash back.
Rotating Categories By Year
The Chase Freedom Flex features 5% back categories that rotates on a quarterly basis. Quarters are based on your standard calendar quarters:
- Q1: January 1 - March 31
- Q2: April 1 - June 30
- Q3: July 1 - September 30
- Q4: October 1 - December 31
You'll earn 5% back on up to $1,500 in combined spend across all featured categories for that quarter and earn 1% back for the rest of the quarter once you've hit that cap.
Listed below are the Chase Freedom Flex 5% Categories for each year.
Chase Freedom Flex 2022 Categories
|Q3||Gas stations, car rental agencies, movie theatres, select live entertainment|
|Q2||Amazon.com, Select Streaming Services|
Chase Freedom Flex 2021 Categories
|Q3||Grocery Stores, Select Streaming Services|
|Q2||Gas Stations, Home Improvement Stores|
|Q1||Wholesale Clubs, Cable, Internet, Phone Services, Select Streaming Services|
Chase Freedom & Freedom Flex 2020 Categories
|Q3||Amazon.com, Whole Foods Markets|
|Q2||Grocery, Fitness Club, Gym Memberships, Streaming Services|
|Q1||Gas Stations, Internet, Cable, Phone, Streaming Services|
Chase Freedom 2019 Categories
|Q4||Department Stores, PayPal, Chase Pay|
|Q3||Gas Station & Streaming Services|
|Q2||Grocery & Home Improvement Stores|
|Q1||Gas Stations, Tolls, Drugstores|
Chase Freedom 2018 Categories
|Q4||Department Stores, Wholesale Clubs, Chase Pay|
|Q3||Gas Stations, Walgreen's, Lyft|
|Q2||PayPal, Chase Pay, Grocery Stores|
|Q1||Gas Stations, Internet, Cable, Phone Service Providers, Mobile Wallets (e.g. Apple Pay, Chase Pay, Google Pay, Samsung Pay)|
Is the Chase Freedom Flex a good card?
Yes. It's a great no-annual fee cash back credit card that earns 5% back across quarterly rotating categories along with a great return on Chase Travel, dining, and drugstore purchases.
How does Chase Freedom Flex Points work?
Cash back earned with the Chase Freedom Flex is recorded as Ultimate Rewards Points with each point being worth 1 cent each when redeemed for cash.
How much are Chase Freedom Flex points worth?
Points earned with the Chase Freedom Flex are worth 1 cent each.