The Chase Freedom Flex and Chase Freedom Unlimited have become two incredibly popular no-annual fee cards due to their lucrative bonus categories. Not only that, both are currently offering a pretty impressive welcome offer where you’ll earn 20,000 points, plus 5x points on all grocery store purchases within the first year. While the grocery purchase category bonus is capped at $12,000, if you are able to maximize the full earning potential, that will net you an extra 60,000 points, for a total of 80,000 points.
Unfortunately though, this offer is set to expire tomorrow, so right now is your last opportunity to earn up to 80,000 points. If you redeem your points for cash back, that is worth $800, but if redeemed towards travel (read below) the offer is worth about $1,600 in value.
- Chase Freedom Flex: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Plus, earn 5% cash back on grocery store purchases for the first year (up to $12,000).
- Chase Freedom Unlimited: Earn $200 cash back after you spend $500 on purchases in the first three months. Plus, earn 5% cash back on grocery store purchases for the first year (up to $12,000).
Earn many Chase Ultimate Reward points
Although this card technically earns cash back, if you have a more premier Chase Ultimate Reward card, such as the Chase Sapphire Preferred, Chase Sapphire Reserve or Chase Ink Preferred, you can transfer your points to one of those accounts instead and then redeem for travel opportunities at a better rate.
For example, although you earn $200 cash back as part of the welcome offer, that really earns you 20,000 Chase Ultimate Reward points. You can either opt to redeem those points for cash back, or if you want, you can transfer them to a premier Chase credit card. You’ll then have 20,000 points to transfer to partner programs, such as Hyatt, Marriott, United, JetBlue, Southwest, British Airways and more.
Chase Freedom Flex vs. Chase Freedom Unlimited
Both are great no-annual fee cards, but the real difference comes down to the points you’ll earn with your every day spend. Ultimately, the Chase Freedom Flex shines with its 5% cash back on rotating categories. Of course though it takes more effort to maximize your points, but with a little bit of effort, you can truly earn a decent amount of points over the year (capped at $1,500 spend per quarter). For example, this quarter (January – March 2021), you’ll earn the increased bonus points at wholesale clubs, internet, cable and phone services and select streaming services.
The Chase Freedom Flex, on the other hand is more simplistic, where you’ll pretty much earn 1.5% cash back on all everyday purchases. No need to pay attention to category bonuses and instead you’ll earn an inflated amount regardless the merchant.
Both cards will also earn you 3% cash back on drugstores, 3% cash back on dining out or takeout (including eligible delivery services) and 5% on travel booked through Chase Ultimate Rewards.
You’ll also notice that the Chase Freedom Flex has a leg up in the benefits department where you’ll receive cell phone insurance. This insurance protection allow you to be reimbursed up to $800 per eligible claim in case your phone is damaged or stolen. Although you are capped at $1,000 in reimbursement per year, this is a great perk to have and something that doesn’t come with the Chase Freedom Unlimited card. It is also a rarity to see this benefit on a card that is completely free to have.
Both of these are great cards to have, but earning up to 60,000 bonus points on all your grocery purchases is huge. For the next year, this will actually make this one of the best cards to have in that department, especially if you have a premium Chase Ultimate Reward card.
So if you’ve been on the fence about applying for either card, now is a great time to pull the trigger. And if you aren’t sure which one to apply for, my recommendation between the two is the Chase Freedom Flex due to the the rotating category bonuses and cell phone protection.
- Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
- Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
- Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
- Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1% on all other purchases.
- No annual fee.
- Apply here
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