The Chase Freedom Flex℠ is a cash back credit card that features bonus categories that rotate quarterly. These categories offers 5% cash back on up to a combined spend of $1,500 per quarter which can earn you up to $75 in cash back.
The card also has several non-rotating categories that earns bonus cash back which are Chase Travel, dining, and drugstore purchases.
Overall, the Chase Freedom Flex is one of the best cash back credit cards on the market and I highly recommend picking up this no-annual fee credit card.
Card Details At-A-Glance
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| Rewards Earned | |
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Chase Freedom Flex℠
Annual Fee: $0
$250 Bonus
Earn a $250 bonus after you spend $500 on purchases in the first 3 months from account opening.
Bonus Categories
As part of the Chase-Lyft Partnership, the Chase Freedom Flex Card also earns 5% on Lyft purchases until March 2025.
5% Quarterly Rotating Category
The Chase Freedom Flex Card earns 5 Ultimate Rewards Points per $1 spent on up to $1,500 across all featured categories for the quarter. After that cap is hit, you'll earn at the non-category rate of 1% for the remainder of the quarter.
You must activate your rotating quarterly categories every quarter. This is not automatic.
5% Chase Travel
The Chase Freedom Flex Card earns 5 Ultimate Rewards Points per $1 spent on purchases made through Chase Ultimate Rewards. This includes hotels, car rentals, and airfare.
3% Dining
The Chase Freedom Flex Card earns 3 Ultimate Rewards Points per $1 spent on dining purchases. Chase considers dining to be:
- Restaurants
- Fast Food
- Fine Dining
- Diners
- Coffee Shops (i.e. Starbucks)
- Vending Machines
- Bars
- Cafés
- Food Delivery Services
3% Drugstore
The Chase Freedom Flex Card earns 3 Ultimate Rewards Points per $1 spent on drugstore purchases.
1% Everything Else
All other purchases made to the Chase Freedom Flex Card earns 1 Ultimate Rewards Point per $1 spent.
5% Categories
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.
| Quarter | Categories |
|---|---|
| Q2 | Amazon.com, Select Streaming Services |
| Q1 | eBay, Grocery |
| 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 |
| Quarter | Categories |
|---|---|
| Q4 | PayPal, Walmart |
| Q3 | Amazon.com, Whole Foods Markets |
| Q2 | Grocery, Fitness Club, Gym Memberships, Streaming Services |
| Q1 | Gas Stations, Internet, Cable, Phone, Streaming Services |
| Quarter | Categories |
|---|---|
| Q4 | Department Stores, PayPal, Chase Pay |
| Q3 | Gas Station & Streaming Services |
| Q2 | Grocery & Home Improvement Stores |
| Q1 | Gas Stations, Tolls, Drugstores |
| 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) |
Card Benefits
DoorDash Benefits
As a Chase Freedom Flex cardholder, you'll receive a complimentary 3-month subscription to DoorDash's DashPass. This provides unlimited deliveries for a $0 delivery fee on eligible orders over $12 on DoorDash and Caviar.
After the complimentary subscription, you are automatically enrolled in DashPass at 50% off for the next 9 months. This benefit has to be activated by March 31, 2022.
Mastercard World Elite Benefits
The Chase Freedom Flex offers several Mastercard World Elite benefits which includes savings with Lyft, Fandango, and Hello Fresh. You'll also receive a complimentary 1-year ShopRunner membership which gives you free 2-day shipping and free returns at 100+ stores.
Travel & Purchase Protections
- Auto Rental Collision Damage Waiver
- Trip Cancellation Insurance
- Trip Interruption Insurance
- Travel and Emergency Assistance Services
- Purchase Protection
- Extended Warranty Protection
- Fraud Protection
- Cell Phone Protection
Chase Freedom Flex Points Value
| 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 |
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.
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 |
| Chase Ink Business Preferred | 1.25+ Cents |
| Chase Sapphire Reserve | 1.5+ Cents |
The best way to maximize the value of the Chase Freedom Flex Card is by pairing it with an Ultimate Rewards credit card that offers increased value towards travel.
For example, 20,000 points earned and redeemed with the Chase Freedom Flex alone would give you $200 in cash back, gift cards, or travel.
Those same 20,000 points earned with the Chase Freedom Flex and transferred to the Chase Sapphire Preferred or Chase Ink Business Preferred would be worth 1.25 cents each for $250 towards travel and the Chase Sapphire Reserve would offer an even higher 1.5 cents per point for a total of $300 towards travel.
In addition to the extra value through Chase Ultimate Rewards, you would also have the ability to transfer your points to Chase's airline and hotel partners which can give you as much as 2 cents per point or higher.
Chase 5/24 Rule
If you've opened up more than 5 new accounts in the last 24 months, it may be hard to get approved for the Chase Freedom Flex and other Chase credit cards. This includes any kind of new account and not just new credit card accounts.
If you're unsure of how many accounts you've opened up in the last 24 months, you can use Credit Karma to check for free without hurting you credit score.
Point Calculator
Use the Chase Freedom Flex Points Calculator to determine how many points you can earn based on the weekly or monthly 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).
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.
Chase Freedom Flex℠
Annual Fee: $0
$250 Bonus
Earn a $250 bonus after you spend $500 on purchases in the first 3 months from account opening.
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.
