Chase Freedom Flex

Chase Freedom Flex Review

This is a cashback card issued by Chase Bank. If you're wondering whether Chase Freedom is the right card for you, read on.

Key Takeaways

• Generous reward rate. You can get a maximum cashback rewards rate of up to 5x.
• Revolving rewards categories: You'll earn 5% cash back each quarter on up to $1,500 in combined purchases in that quarter's bonus categories. These categories include grocery stores, gas stations, and department stores.
• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 15 months.
• Signup bonus. Offers a signup bonus of up to $200 if you spend $500 within 3 months.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 19.24% up to 27.99%.
• No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. Chase Freedom Flex charges a fee of 3% on balance transfers, if you transfer the balance within 60 days of opening the account. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $5.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, identity theft protection, purchase protection, travel accident insurance, travel assistance, trip cancellation insurance, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 640.

Pros & Cons of Chase Freedom

The Good

The Bad

You can earn $100 cash back for each friend who gets any participating Chase Freedom® credit card. 0% APR balance transfer intro rate on balance transfers . 0% APR on new purchases during the first 15 months. There is then a variable purchase APR that ranges from 19.24% up to 27.99%. No annual fee. Multiple credit card perks. Offers auto rental collision damage waiver. Extended warranty on purchases. Free access to your credit score. Identity Theft Protection. Travel accident and travel assistance insurance. Trip cancellation insurance. Cardholders can earn rewards on purchases everywhere Chase Freedom Flex is accepted. Chase Freedom Flex reports to multiple credit bureaus.

Higher than average purchase APRs. Charges a foreign transaction fee of 3%. Charges a 3% balance transfer fee, if you transfer the balance within 60 days of opening the account. After the introductory period, the fee is 5% of the balance transferred or $5, whichever is greater.

Chase Freedom FAQ

Does Chase Freedom have a cash back or rewards program?

This is a cashback card. This means you earn a percentage of your purchases as cash back rewards. You will receive 1% cash back on travel, dining, groceries, drugstore purchases, or any other purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash. However, you can earn up to 5% for purchases in a bonus category.

Chase Freedom Rewards

Minimum rewards rate	1x
Max rewards rate	5x
Annual rewards limit	N/A
Signup Bonus ($)	Starting at $200
Signup Bonus Spend Requirement	$500
Signup Bonus Spend Period (months)	3 months

What are the Chase Freedom benefits?

It provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Trip Cancellation Insurance
• Zero fraud liability
• Travel Accident Insurance
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for Chase Freedom?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

Chase Freedom Flex has a variable purchase APR that ranges from 19.24% up to 27.99%. The card has a variable balance transfer APR that ranges from 19.24% up to 27.99%. It also has a variable cash advance APR of 29.24% . Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for Chase Freedom?

The following fees apply:

• There is no overlimit fee

Chase Freedom Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	3%
Returned Payment Fee	up to $40
Late Payment Fee	up to $40

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost cashback card.

Does Chase Freedom Flex report your account activity to credit bureaus?

Yes, Chase Freedom Flex reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Chase Freedom

• Visit the Chase Freedom website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.