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The Chase Freedom Flex℠ 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%).
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%
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%
3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service
1%
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 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.
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 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.
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:
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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.
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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Credit Cards
Use this section to add credit cards to the calculator. You can search for a card or go through our top recommendations for each category.
Once you select a card, you'll be shown the details of the card. Any link you click on in the details will open up in a new tab, so you will not lose your calculations.
Clicking on Add Selected Card will add it to the calculator.
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Add a credit card to compare side by side based on spend, benefits and fees.
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Family Cards
These cards are part of the same family and generally earn the same type of rewards.
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Travel Cards
Travel credit cards are great for building rewards redeemable towards a wide variety of travel including airfare, hotels, car rentals, cruises, and more. Most travel cards also offer a range of benefits that can make your trips more enjoyable and save you money.
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Cash Back Cards
Cash back is one of the most flexible form of rewards and most easy to understand. Rewards earned are worth face value and they can be used towards almost anything.
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Business Cards
Put money back into your business by earning cash back, points, or miles on business expenses. Many cards also offer travel insurance, purchase protection, and more.
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Airline Cards
These are the best credit cards if you're looking to use rewards towards award flights. Some of these cards also offer various benefits such as lounge access the ability to earn qualifying miles through spending.
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Hotel Cards
If you're looking to use rewards towards free nights at hotels, these are the best cards for you. Many of these cards also offer great benefits such as annual free nights, complimentary elite status, and more.
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No Annual Fee
If you're looking to minimize your immediate costs while still earning plenty of value, you may want to consider a credit card with no annual fee. Some of these cards also offer lower interest rates and balance transfer offers.
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Intro Bonus:
Annual Fee:
Authorized User Fee:
Bonus Categories:
Loyalty & Memberships
Loyalty: When adding hotel rewards cards (and a select few others) you'll be able to factor in the points earned from elite status. If a card offers complimentary status, the proper status will be selected by default.
Loyalty is reflected by a blue LOY image. Adding a card with loyalty attached to it will add it to the calculator. It becomes its own entity once added to the calculator and can be removed independent of the card that added it.
Membership: If a card offers any kind of bonus rewards based on your membership in a program, the option will be listed here. Do note that some options calculate automatically.
Welcome Bonus: Any welcome bonuses that changes the earning rates of a card will also be listed here. This allows you to toggle the bonus on or off.
Use this section to enter how much you plan on spending either monthly or yearly across different categories for each card listed.
You can click on the option button for access to a lot of useful tools you can use to quickly adjust spending for the calculator.
Change the order of the categories in the Category Spending section. This has an impact on cards that have spend limits and bonus caps on categories.
Resets all fields in the Category Spending section for all columns. Also clears all saved spend values that carry from calculator to calculator.
Add Categories
Search for categories and click 'Add Category' to add it to the calculator. If you want to be more specific, you can specify domestic or international spend.
Type at least 3 characters.
Currently Selected:
Spend Region:
Category Spending Total
The amount of rewards earned from card spending.
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Rewards & Bonuses
If a card earns bonus points, miles, or cash back, it will be listed here. You'll be able to edit or toggle on/off most bonuses listed here.
Do note that some bonuses may be automatically calculated based on spend entered in the Category Spending section.
If you want to factor in an intro or welcome bonus, you can also do that here by entering it in the Extra Value field. You can click on View Offers when applicable to see current sign up bonuses for all top credit cards by category.
Extra Value
Use this field to add additional rewards to include in the calculation such as an intro or signup bonus.
Extra Value
Use this field to add additional rewards to include in the calculation such as an intro or signup bonus.
Extra Value
Use this field to add additional rewards to include in the calculation such as an intro or signup bonus.
Rewards & Bonus Total
The amount of rewards earned from card bonuses.
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Total Rewards & Cash Value
This is the total of all points, miles, and cash back earned between Loyalty & Memberships, Category Spending, and Rewards & Bonuses.
You can view the average value of the rewards based on popular redemptions and the transfer of rewards to partners (where applicable).
This is how much we value the rewards earned with the card on average based on our valuations. Cards that may offer bonus/additional value are reflected here.
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Transfers To Partners
Redemptions to do with transferring rewards to partner loyalty programs and redeeming them for high value (when applicable). These redemption values typically require knowledge of the best transfer partners.
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Cash Back, Statement Credits
Redemptions to do with turning your rewards into cash back or using it as a statement credit to offset purchases made to the card.
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Travel
Redemptions to do with using your rewards towards travel such as airfare, hotels, and car rentals (not including transfers to partners).
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Gift Cards
Redemptions to do with using your rewards towards the purchase of gift cards.
Enter how much you value a single rewards point or mile in cents or regional currency equivalent (X.XX). The value of cash back cannot be changed.
Rewards Cash Value
The average cash value of rewards earned in the Grand Total section based on the set Currency Worth.
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Monetary Bonuses
This section lists all monetary bonuses. This includes annual credits and top-tier benefits that can offer great monetary value.
If there's a perk or benefit missing that you find valuable, you can add how much you value it in the Extra Cash Value field.
Extra Cash Value
Use this field to add additional cash value to the calculations.
Extra Cash Value
Use this field to add additional cash value to the calculations.
Extra Cash Value
Use this field to add additional cash value to the calculations.
Total Cash Value
The total cash value of all listed benefits plus the cash value of rewards earned.
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Fees
With great benefits comes great annual fees. If a card has a fee that you have to pay annually (or monthly in rare cases), it will be listed here. You have the ability to change it.
If the card charges a fee for adding authorized users, it will also appear in this section.
Annual Fee
This is the fee you must pay annually to have the card.
Authorized User Fee
This is the cost to add additional users or supplemental cards to the account. Enter total amount of authorized users.
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Total Card Value
This is the total cash value of each listed card when factoring in all rewards and all fees.
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Learn More
Learn more about the card through our partners.
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).
5%
$
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
Amazon.com, 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
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!
Currency
Filters the Currency column which shows all rewards that can be transferred to the program.
Category
Filters the Category column.
Transfer Ratio
Filters the Transfer Ratio column. Choose to show credit cards offered by the program only, direct credit card transfer partners, or both direct & non-direct credit card transfer partners.
Credit Card
Choose to show all cards or a specific credit card from the table.
Personal / Business
Choose to show all cards, personal cards, or business cards.
Network
Filters results by network associated with the credit card.
Bank
Filters results based on the bank that issues the credit card.
Annual Fee
Filters results based on the annual fee range.
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Reset Filters
Resets all filters to show all.
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FAQ
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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