Chase Freedom Flexâ„  Card

Card Value & Chase Points Calculator
Chase Freedom Flexâ„ 

The Chase Freedom Flexâ„  is a no-annual fee credit card that earns Ultimate Rewards points redeemable for cash back. The card features quarterly rotating categories that earns 5% cash back on up to a combined spend of $1,500 per quarter (then 1%).

Rewards Rates

5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
5% cash back on travel purchased through Chase Ultimate Rewards®, the premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more
3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service
Unlimited 1% cash back on all other purchases.

As part of the Chase-Lyft Partnership, the Chase Freedom Flex Card also earns 5% cash back on Lyft purchases until March 2025.

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 Flexâ„  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.

Rewards Value

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 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:

Card Point Value
Chase Freedom Flex 1 Cent
Chase Sapphire Preferred 1.25+ Cents
Ink Business Preferred 1.25+ Cents
Chase Sapphire Reserve 1.5+ Cents

Transfer Partners

Points earned with the Chase Freedom Flex and other Chase cash back credit cards can be transfered to the Chase Sapphire Preferred Card, Chase Sapphire Reserve, or Ink Business Preferred Credit Card. Points on those cards can then be transferred to Chase's airline and hotel partners.

Here's the list of Chase transfer partners:


Annual Fees

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.

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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.

5% Quarterly Category
Enter how much you would spend during the quarter (3-month period).
Total Cash Back Earned
The total amount of cash back you would earn during the quarter.
$ 0
Cash Back
0 Ultimate Rewards Points

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 2023 Categories

Quarter Categories
Q2, Lowe's
Q1 Grocery Stores, Fitness Club & Gym Memberships and Target

Chase Freedom Flex 2022 Categories

Quarter Categories
Q4 Walmart, Paypal
Q3 Gas stations, car rental agencies, movie theatres, select live entertainment
Q2, Select Streaming Services
Q1 eBay, Grocery

Chase Freedom Flex 2021 Categories

Quarter Categories
Q4 Walmart, PayPal
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

Quarter Categories
Q4 PayPal, Walmart
Q3, Whole Foods Markets
Q2 Grocery, Fitness Club, Gym Memberships, Streaming Services
Q1 Gas Stations, Internet, Cable, Phone, Streaming Services

Chase Freedom 2019 Categories

Quarter 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

Quarter 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)

Earning Rate Comparison

Want to know how the Chase Freedom Flex Card stacks up against other cards in the family? Check out the table below!

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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.

Can you transfer Chase Freedom Flex points to airline and hotel partners?

Chase Freedom Points cannot be directly transferred to Chase's full list of airline and hotel partners. You will first need to transfer your points to a Chase Sapphire Preferred, Ink Business Preferred, or Chase Sapphire Reserve credit card in order to transfer points to all Chase partners.

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