Non-affiliate disclosure: all details about the this card have been collected independently by US Credit score Card Information and has not been reviewed by the issuer.
2022.10 Replace: The $200+5% on grocery supply is again. The $200+5% on gasoline supply can also be nonetheless alive. Grocery is a greater class for most individuals.
2022.1 Replace: The earlier $200+5% on grocery supply is expired. The brand new supply is $200+5percenton gasoline.
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Advantages
- $200+5% on grocery supply: earn $200 money again after spending $500 within the first 3 months. Earn 5% money again on grocery purchases on as much as $12,000 spent within the first 12 months.
- Earn 5% money again in every quarter’s bonus classes, 1% money again on all different purchases. You’ll want to activate beforehand, and the deadline is the 14th of the final month of every quarter, it gained’t be activated mechanically for a brand new card. For instance, right here is the bonus class calendar for 2020:
- Earn 5% money again on journey bought by Chase Final Rewards, earn 3% money again on eating (eating places & supply) and drugstore, and earn 1% money again on all different purchases.
- Though this card is marketed as a money again card, it really earns Final Rewards (UR) factors: i.e. the $200 sign-up bonus is definitely 20k UR factors sign-up bonus, and the 5% money again fee is definitely 5x UR factors incomes fee. We estimate that UR factors are price about 1.6 cents/level, see beneath for a quick introduction. So the 20k sign-up bonus could possibly be price about $320, and the 5x UR factors incomes fee on bonus classes could possibly be price about 8%!
- [Limited Time] Earn 5% money again on Lyft, till 2022.03.31. Right here is the official hyperlink for this promotion.
- [Limited Time] Free DashPass (Doordash membership) for 3 months, and 50% low cost on Dashpass for 9 months. Activation required earlier than 2022.3.31. Right here is the official hyperlink for this promotion.
- Mobile phone safety: stand up to $800 per declare and $1,000 per yr in cellular phone safety towards coated theft or injury for telephones listed in your month-to-month cellular phone invoice once you pay it together with your eligible bank card. Deductible $50.
- No annual payment.
Disadvantages
- You may have a $1,500 cap in 5% bonus classes per quarter, which implies you’ll be able to earn as much as 7.5k factors per bonus class every quarter. After that, you earn 1 level per greenback spent.
- It has international transaction payment, so it is not a good selection outdoors the US.
Introduction to UR Factors
- You’ll be able to earn UR factors with Chase Freedom Scholar, Chase Freedom, Chase Freedom Limitless (CFU), Chase Sapphire Most well-liked (CSP), Chase Sapphire Reserve (CSR), Chase Ink Money (Enterprise), Chase Ink Limitless (Enterprise), Chase Ink Most well-liked (Enterprise), and so on.
- You’ll be able to transfer your UR factors from one UR card to a different at any time.
- UR factors by no means expire. You’ll lose the UR factors on one card when you shut the account, however you’ll be able to stop dropping your UR factors by transferring the factors to a different UR card beforehand.
- If in case you have Chase Sapphire Most well-liked (CSP), Chase Sapphire Reserve (CSR), or Chase Ink Most well-liked (Enterprise), UR factors could be transferred to some lodge factors. Top-of-the-line approach to make use of UR factors is to 1:1 switch to Hyatt factors. UR factors may also be transferred to some airline miles. One of the widespread and finest approach to make use of UR factors is to 1:1 switch them to United Airways (UA) miles (Star Alliance), and mix them with the UA miles earned from the UA card. Different good choices are: Southwest (WN) (Non-alliance), British Airways (BA) (Oneworld), Virgin Atlantic (VS) (Non-alliance), and so on. When you use UR factors on this approach, the worth is about 1.6 cents/level.
- If in case you have Chase Sapphire Reserve (CSR), you’ll be able to redeem your UR factors at a set fee 1.5 cents/level in direction of air tickets or motels on UR journey portal; in case you have Chase Sapphire Most well-liked (CSP) or Chase Ink Most well-liked (Enterprise), you’ll be able to redeem your UR at a set fee 1.25 cents/level in direction of air tickets or motels on UR journey portal.
- If in case you have any of the UR playing cards, you’ll be able to redeem your UR factors at a set fee 1 cent/level in direction of money.
- In abstract, we estimate that UR factors are price about 1.6 cents/level.
- For extra details about UR factors, see Maximize the Credit score Card Factors Values (overview), and Introduction to UR: The right way to Earn and Introduction to UR: The right way to Use (very detailed).
Really helpful Utility Time
- [5/24 Rule] If in case you have 5 or extra new accounts opened up to now 24 months, Chase is not going to approve your software on this card, regardless of how excessive your credit score rating is. The variety of new accounts consists of all bank card accounts, not solely Chase accounts. See this publish for particulars about easy methods to probably bypass this rule.
- This product is on the market to you when you shouldn’t have this card and haven’t obtained a brand new cardmember bonus for this card up to now 24 months. Observe that what issues right here is the time you bought the sign-up bonus, not the time you open the account or shut the account.
- Don’t apply for greater than 2 Chase bank cards inside 30 days, or it’s extremely doubtless that you’ll get rejected.
If in case you have greater than $10,000 deposits in Chase checking, you may get this card even with no credit score historical past in any respect. You’ll be able to go to a department and discover a banker to use for this bank card straight by Particular Consideration.Particular Consideration is now not accessible.- We suggest you to use for this card after you may have a credit score historical past for greater than 8~9 months.
Observe which you can not have multiple Freedom Flex card on the similar time, subsequently you cannot enhance its 5% bonus classes spending restrict by holding a number of playing cards.[Update] Precise information factors present which you can nonetheless get a number of of this card by product change.
Abstract
This Chase Freedom Flex (CFF) card is an improve from the previous Chase Freedom card. Fairly just like the previous Freedom card, you’ll be able to primarily apply it to the 3x (~4.8%) and 5x (~8%) bonus classes. After you accumulate sufficient UR factors, you’ll be able to apply for a CSP/CSR after which switch these UR factors to airline miles/lodge factors to get most worth out of your factors. The previous Freedom card is already a improbable card, and this upgraded CFF card is even higher! This card makes numerous different eating bank cards much less enticing. Everybody ought to have one!
You’ll be able to apply straight for this card if below 5/24, in any other case you are able to do a product change (from different Freedom playing cards or Sapphire playing cards) to acquire it.
Associated Credit score Playing cards
After Making use of
- Name 800-436-7927 to verify Chase software standing. That is an automatic phone line, and the data has the next meanings: Obtain choice in 2 weeks means your software might be authorised; Obtain choice in 7-10 days means your software might be rejected; Obtain choice in 30 days merely means your software requires additional evaluate and there’s nothing to let you know for now.
- Chase reconsideration backdoor quantity: 888-270-2127 or 888-609-7805. Name it when you didn’t get approve instantly. Your private info can be acquired and they’re going to then evaluate it. You seldom reply questions, as a substitute, simply benefit from the music and then you definitely get authorised or rejected, or additional info is required to be hand in to the department or faxed.
Historic Affords Chart
Observe that in 2020 there’s a $200 + 5% on grocery within the first yr supply, and the latter half will not be proven within the plot.
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Editorial disclosure: Opinions specific listed below are writer’s alone, not these of any financial institution, bank card issuer, lodge, airline, or different entity. This content material has not been reviewed, authorised or in any other case endorsed by any of the entities included inside the publish.