Earlier this month Chase unveiled a brand new credit card — the Chase Freedom Flex. During that announcement, just the details were available, but no application link. Well, the time has come and you can now apply for this highly regarded card. It is a no annual fee card, with great bonus categories and a decently strong sign-up offer.
Apply Here: Chase Freedom Flex
Welcome offer: 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).
If you are able to max out the 5% offer at grocery stores, that will earn you an additional 60,000 Chase Ultimate Reward points. Add that to the 20,000 points after spending $500 on the card (the $200 cash back bonus) and you are looking at earning 80,000 Chase Ultimate Reward points. If you are simply redeeming for cash back, that is $800 but with Chase Ultimate Reward points valued at 2 cents per point, this can worth $1,600 towards travel!
Earn many Chase Ultimate Reward points
For a no-fee annual card, you can actually end up with a huge amount of points on your every day purchases. And 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, 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 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, 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.
With this card, you’ll earn:
- 3% cash back on drugstores
- 3% cash back on dining out or takeout and eligible delivery services
- 5% on travel booked through Chase Ultimate Rewards
- 5% cash back on rotating quarterly categories
- 1% cash back on everything else
This is similar to the no-longer-available Chase Freedom card with the same 5% cash back on rotating categories, but now you get an additional 3%-5% cash back on many more categories. Many drugstores sell gift cards to third-party merchants, as well as Visa and Amex, so this could be an opportunity to earn bonus points at many other retailers.
The Q4 5% cash back categories include: Walmart (in-store and online) and Paypal. This makes it pretty easy to maximize the $1,500 spend since you can many times use Paypal to purchase your everyday items at stores. Walmart also offers many gift cards to third-party merchants which will also trigger the 5% cash back.
Receive many benefits with this card
The other big difference is that this card is with Mastercard — not Visa — where you’ll receive some pretty amazing World Elite Mastercard benefits. These benefits include:
- Cell phone insurance —Up to $800 per claim and $1,000 per year in cell phone protection against theft or damage
- Lyft — $10 in credit for every five rides taken in a calendar month, automatically applied to the next ride and capped at once per month
- Boxed — 5% cash rewards on Boxed purchases for use on future purchases
- ShopRunner — Free membership to receive two-day shipping and free return shipping
- Fandango — Double VIP+ points for movie tickets
The best benefit — in my opinion — is the cell phone insurance. I have always used a card that comes with this benefit, and it is huge. Usually this is a benefit that comes with a more expensive card, but to receive it on a no-annual fee card is huge.
Overall, I am thrilled to see a new card available, especially with such huge enhancements to earning Ultimate Reward points. This card will be great for drugstore and restaurant purchases as well as the rotating category bonuses. I am also extremely excited about the cell phone insurance since it is quite rare to see such a rich benefit with a no annual fee card.
- 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