Chase freedom card how to#
Chase freedom card full#

The Freedom Flex also offers several different ways to redeem your rewards.

To meet the spending requirement in the first three months, you would need to spend only $167 per month, which should easily be doable given the variety of bonus categories offered. Not only is this a great sign-up bonus for a no-annual-fee card but $500 is also a very low spending requirement. Valuable, easy-to-earn sign-up bonusĪlong with the rewards you can earn in its bonus spending categories, the Freedom Flex gives you a chance to score a large sign-up bonus in your first year: $200 cash back if you spend $500 with the card in your first three months. That’s close to $500 per year in cash back. Assuming your spending matches that of the average consumer, you stand to earn an additional $167 per year when you factor in the Freedom Flex card’s year-round bonus categories of travel, dining and drugstore purchases, as well as the 1% cash back you’d earn on general purchases. If you were to maximize your cash back earnings in every quarterly bonus category by spending $1,500 on eligible purchases, you’d earn a total of $300 cash back in a year. These are solid ongoing rewards rates for a card with no annual fee. Grocery stores (excluding Target and Walmart)Īdditionally, cardholders earn 5% back on travel booked through the Chase Ultimate Rewards travel portal, 3% back on dining purchases (including takeout and eligible delivery services) and 3% back on drugstore purchases.Chase 5% cash back calendar 2022įor Q4 2022, Freedom Flex cardholders can earn bonus cash back on Walmart and PayPal purchases. The Chase cash back calendar typically offers a good amount of variety, and the 2021 calendar included a mix of practical categories like grocery stores and gas stations, as well as a few more niche options, like select streaming services. After you meet the $1,500 quarterly cap, your rewards rate drops to 1% back on purchases in that category.Ĭhase announces its bonus categories on a quarter-by-quarter basis. To start, you can enroll in a different bonus category each quarter and earn 5% cash back on up to $1,500 in spending in that category. Great cash back rates and varietyĪs its name implies, the Freedom Flex comes with a flexible cash back rewards program that offers a combination of year-round and quarterly rotating bonus categories. Meanwhile, the card’s sign-up bonus should be easy to reach and its Mastercard benefits include some nice travel and purchase protection perks, as well as credits for select food delivery and online shopping services. If you plan on making any big purchase with your Freedom Flex card, you’ll also appreciate the card’s intro APR offer, which gives you a chance to chip away at large expenses over time or pay off a large debt to minimize interest, but also earn big rewards on new purchases. Your cash back redemption options are flexible, too, and you can even redeem your earnings for travel through Chase’s Ultimate Rewards travel portal without sacrificing rewards value. The card offers terrific variety with its rotating bonus categories, encouraging you to plan out purchases and adjust your spending habits to reap big rewards.

Chase freedom card how to#

If you get a kick out of strategizing how to maximize your rewards, you’ll love the Freedom Flex. Why you might want the Chase Freedom Flex

Rotating categories may not match your spending that season, leaving you to earn lower rewards on most of your purchases.

Chase freedom card full#

Some categories are hard to take full advantage of such as streaming services. Hard to maximize: There’s a spending cap on the rotating categories of $1,500.While this fee is common, it can cut into what you save on interest depending on the balance. Balance transfer fee: This card comes with a 3 percent or $5 balance transfer fee, whichever is higher.Some larger spending categories like groceries and gas may only pop up for a single quarter each year (if at all), limiting the card’s rewards potential as a standalone option. That said, the card’s rotating categories may not always line up with your spending habits. Thanks to its generous rewards rate, the Freedom Flex could be a good fit if you want to earn travel rewards without an annual fee, or are considering adding a premium Chase travel card like the Chase Sapphire Reserve card to your wallet. Offering a unique cash back program that should excite foodies, frequent travelers and fans of cash back variety alike, the Chase Freedom Flex charges no annual fee and offers cash back in an array of rotating categories.īut unlike its predecessor, the popular (and now-retired) Chase Freedom card, the Freedom Flex also carries bonus cash back in some categories year-round, allowing cardholders to enjoy consistency in a few key spending categories and variety in others throughout the year.