If you often dine out and want to get rewarded for doing so, a Chase credit card might be a good one. Not only will you be rewarded for dining out, but as a new account holder, you will be eligible for a $200 bonus.
The Chase Freedom Flex credit card is a solid option if you also want a credit card with no annual fee and bonus offers on a variety of spending categories.
We’ve had a look at what the Chase Freedom Flex credit card offers, and for your convenience, we’ve summarized the information and share it with you below.
Chase Freedom Flex Credit Card: Features
For a credit card without an annual fee, the Chase Freedom Flex credit card offers a large variety of features. As an entry bonus, you’ll receive $200 if you spend at least $500 in your first three months.
It also offers rotating quarterly bonuses in popular spending categories like travel, dining, groceries, and drugstores. The card also offers you in your first year a 5% cashback on up to $12,000 in spending on grocery store purchases.
You don’t have a minimum to redeem for cashback. If you link your Chase Freedom Flex credit card to your Amazon.com account, you can instantly redeem your cashback rewards to pay for all or part of your eligible Amazon.com orders.
Rewards don’t expire as long as you keep the card.
Pros and Cons of the Chase Freedom Flex Credit Card
Pros
The most important pro of the Chase Freedom Flex credit card is the sign-up bonus of $200 for spending $500 or more in the first three months.
The card offers a variety of cashback features. You can earn 5% cashback on purchases in bonus categories, travel expenses, and all Lyft rides.
A 3% cashback is applicable on dining at restaurants and drugstore purchases. You also earn 1% cashback on all other purchases.
Cons
The Chase Freedom Flex credit card has a $1,500 limit on the 5% cashback offer. Many cashback offers also have a deadline and you have to activate it before that date to use them.
Its low 1% cashback on non-categorized purchases isn't in line with the benefits of other cards.
Chase Freedom Flex Credit Card: Rates and Fees
- Annual fee: $0
- Purchase APR: 0% Intro APR for 15 months, then 14.99% - 23.74%
- Chase loan APR: 14.99% - 23.74%
- Balance transfer APR: 14.99% - 23.74%
- Cash advance APR: 24.99%
- Interest-free days: 21 days
- Balance Transfer Fee: $5 or 5% of the amount, whichever the highest
- Cash advance fee: $10 or 5% of the amount, whichever the highest
- Foreign transaction fee: 3% on transaction charges
- Late payment fee: Up to $39
- Return payment: Up to $39
- Returned check: $0
Chase Freedom Flex Credit Card: Eligibility
The main requirements for the Chase Freedom Flex credit card are that you should be older than 18 and have a credit score of 700 or higher. You have to be employed or have a steady income if self-employed.
Chase requires proof that you would be able to handle at least a $500 credit limit and have the means to make your monthly repayments.
How to Get a Chase Freedom Flex Credit Card
It is easy to apply for your Chase Freedom Flex credit card as you can do it from anywhere at any time. You just need to go to Chase website and apply.
Contact Information
The Chase head office is located at 270 Park Avenue, New York, NY.
If you want to speak to a bank official on the phone, you can call Chase at 1-212-270-6000.
Conclusion
The Chase Freedom Flex credit card’s entry bonus of $200 makes the card a very attractive option. It also offers excellent long term benefits.
Although this sounds like a great deal, remember to check out a few credit card options before applying to one.
Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult Chase Freedom Flex credit card’s terms and conditions before agreeing on anything.
