Apply Now: Incredible New Chase Freedom Flex Card - One Mile at a Time

Apply Now: Incredible New Chase Freedom Flex Card - One Mile at a Time


Apply Now: Incredible New Chase Freedom Flex Card - One Mile at a Time

Posted: 31 Aug 2020 07:30 AM PDT

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A couple of weeks ago, Chase announced some major changes to its lineup of Freedom cards, including the introduction of the Chase Freedom FlexSM Credit Card, the discontinuation of the Freedom Card, and improvements to the Chase Freedom Unlimited®.

As BJ Mahoney, the General Manager of Chase Freedom, described these changes:

"Flex and Unlimited are the next evolution of the Chase Freedom credit card suite and challenge the status quo for what consumers expect from a no fee, cash back card. Earning cash back on dining, including takeout and delivery, drug stores and travel through Chase Ultimate Rewards provides immense value for customers in both the immediate and long term."

Well, these changes are all now live, and the new Freedom Flex Card is also open to new applicants, so I wanted to go over everything you need to know about these cards.

In this post:

Details of the new Chase Freedom Flex Card

Chase has now introduced the new Freedom Flex Card. This is essentially a rebranded version of the Freedom Card, with some significant improvements.

Chase Freedom Flex

Chase Freedom Flex Card sign-up bonus

The Chase Freedom Flex is offering the following sign-up bonus:

  • $200 cash back (or 20,000 points) after spending $500 within the first three months
  • 5% cash back (or 5x points) on grocery store purchases for the first year, on up to $12,000 of spending not including Target® or Walmart® purchases
  • You are eligible for this card if you currently have the Freedom and/or Freedom Unlimited, which is great news

Chase Freedom Flex Card cash back earning rates

The no annual fee Chase Freedom Flex Card offers:

In other words, in comparison to the Chase Freedom Card, the Chase Freedom Flex Card offers a 5% bonus for travel purchased through Chase Ultimate Rewards, and a 3% bonus for dining and drugstores, which is an awesome improvement.

Earn 3% cash back or 3x points on dining with the Freedom Flex

Chase Freedom Flex Mastercard World Elite benefits

Not only does the Chase Freedom Flex Card offer new bonus categories, but it also goes from being a Visa to being a Mastercard. This means that the card offers Mastercard World Elite benefits, which include the following:

  • Cell phone insurance — up to $800 per claim and $1,000 per year in cell phone protection against theft or damage for phones listed on cardmembers' monthly bills
  • 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 at over a hundred online retailers
  • Fandango — double VIP+ points for movie tickets purchased via the Fandango app or Fandango.com, which can be used towards purchasing movie tickets on Fandango or towards streaming movies and TV shows on FandangoNOW

Earn bonus rewards for Lyft rides with the Freedom Flex

Chase Freedom Card closed to new cardmembers

To coincide with the launch of the Chase Freedom Flex, Chase has stopped accepting applications for the Chase Freedom:

  • Existing cardmembers can choose whether to keep their Chase Freedom or product change to the Chase Freedom Flex
  • The welcome bonus on the Chase Freedom Flex is available to those who have the Chase Freedom and/or the Chase Freedom Unlimited, as it will be considered a separate product
  • Unless there's some compelling reason to keep a Visa over a Mastercard, it definitely makes sense to get the Freedom Flex over the Freedom, though you can choose whether to apply outright (so you get the bonus) or product change
  • If you product change you won't receive the new cardmember bonus

Chase Freedom Unlimited Card improvements

The Chase Freedom Unlimited also has an improved bonus structure. In the past the card offered a flat 1.5% cash back on all purchases. Now the card offers the following bonus structure:

  • 5% cash back on travel purchased through Chase Ultimate Rewards
  • 3% cash back on dining, takeout, and eligible delivery services
  • 3% cash back on drugstores
  • 1.5% cash back on everything else

This doesn't factor in the 5% back on groceries the first year if you apply for the card now.

Here's a full review of the Chase Freedom Unlimited.

Using Chase Freedom cards to earn Ultimate Rewards points

There's often confusion about the fact that the rewards on Chase Freedom cards (including the Freedom Flex and Freedom Unlimited) are marketed as offering cash back, as you can also convert these into Ultimate Rewards points.

Freedom cards earn points, with each one point getting you one cent cash back. However, these rewards can also be converted into Chase Ultimate Rewards points at a 1:1 ratio, assuming you have this card in conjunction with the Chase Sapphire Preferred® Card (review) or Chase Sapphire Reserve® Card (review).

It has been confirmed that nothing is changing here, so Freedom Flex Card rewards can still be converted into Ultimate Rewards points.

Freedom cards can be part of the Ultimate Rewards ecosystem

These Chase Freedom changes are awesome

These Freedom changes are simply phenomenal:

  • There aren't many cards offering bonus rewards on drugstore spending, so it's great that both the Freedom Flex and Freedom Unlimited offer this as a bonus category (those of us maximizing rewards can earn 3x Ultimate Rewards points at drugstores)
  • Bonus rewards on dining, takeout, and delivery, is great as well, and this now matches the Chase Sapphire Reserve return on dining; if you had the Sapphire Preferred and Freedom Flex or Freedom Unlimited, you'd actually earn more Ultimate Rewards points putting your dining spending on one of the Freedom cards, which seems backwards, but is ultimately great

Bottom line

Chase has made some awesome changes to its Freedom product portfolio. The Freedom Card is no longer open to new applicants, but rather has been replaced by the Freedom Flex Card, which is a Mastercard, and offers additional bonus categories for travel, dining, and drugstores.

The Chase Freedom Unlimited, one of the most well-rounded cards for everyday spending, now also has new bonus categories.

I definitely plan on applying for the Freedom Flex Card soon.

What do you make of the new Chase Freedom Flex and the Chase Freedom Unlimited changes? Do you plan on picking up the Freedom Flex Card?

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