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4 Things to Know About the Chase Freedom Flex

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Searching for a $0-annual price bank card with rewarding bonus spending classes? Look no additional than the Chase Freedom Flex℠, a stable Chase journey card for freshmen that provides as much as 5% in bonus reward classes that change each three months.

However earlier than you apply, think about these rotating classes, tips on how to get probably the most out of your rewards and the all-important Chase 5/24 rule — which limits the variety of private bank cards you’ll be able to open inside a two-year interval. Right here are some things it is best to know earlier than getting the Chase Freedom Flex℠ bank card.

Concerning the Chase Freedom Flex℠

Chase Freedom Flex
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This card has a tempting bonus provide for brand new cardmembers: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. And earn 5% money again on grocery retailer purchases (not together with Goal® or Walmart® purchases) on as much as $12,000 spent within the first yr.

Plus, you’ll be able to earn 5% money again on as much as $1,500 in bonus classes every quarter that you just activate these classes, 5% on journey bought by means of Chase Final Rewards®, 3% on eating and supply companies, 3% on drugstore purchases, and 1% on all the pieces else.

Mix all that with a $0 annual price and versatile rewards that don’t expire so long as your account is open. It is a stable card for newbies, which introduces them to Chase Final Rewards®.

What to know earlier than getting the Chase Freedom Flex℠

Not everybody can take advantage of this card’s distinctive advantages. Listed below are 4 issues it is best to know earlier than you apply.

1. How you can activate bonus classes each quarter

Chase Freedom Flex℠ includes a set incomes charge in most spending classes. However there are additionally bonus spending classes that pay as much as 5% money again — in the event you activate them in time. These classes change each quarter.

The trick is remembering to manually activate bonus classes earlier than the activation deadline and understanding what bonus classes are open at any given time. Happily, Chase publishes a cash-back calendar for this card so you’ll be able to plan a few of your spendings to earn extra in every quarter.

For instance, the 2021 bonus calendar was:

  • January–March: Wholesale golf equipment; web, cable, and cellphone companies; and choose streaming companies.

  • April–June: Gasoline stations and residential enchancment shops.

  • July–August: Choose streaming companies and grocery shops (not together with Walmart and Goal).

  • October–December: Purchases made utilizing PayPal at Walmart.

Once more, you need to manually activate every bonus class earlier than the deadline to earn the 5% money again. There are a number of methods to take action:

  • Get notified by e mail and activate with one click on. Guarantee the e-mail deal with related along with your on-line account is updated.

  • Use the Chase Cellular app.

  • Name the quantity on the again of your card.

  • Go to any Chase financial institution and have a private banker activate for you.

  • Should you’re a Chase checking buyer, use an ATM and activate it whereas making a money withdrawal.

Some would possibly think about this an annoying further step, but it surely’s price it to make more cash again.

Nerdy tip: In case you have a number of Chase Freedom playing cards, you will need to activate bonus classes on every one individually.

2. How you can get probably the most out of your factors

There is no minimal when it is time to redeem your cash-back rewards, and you’ll redeem them for an announcement credit score or have them deposited into your checking account (factors are price 1 cent apiece).

You possibly can even e book journey by means of Chase Final Rewards®, an choice made much more beneficial in the event you even have a card just like the Chase Sapphire Most popular® Card. That’s as a result of you’ll be able to switch the rewards you earned with the Chase Freedom Flex℠ to your Chase Sapphire Most popular® Card account and use them to e book and pay for journey by means of the Chase Final Rewards® portal the place factors are price 25% extra.

Alternatively, you’ll be able to redeem rewards for reward playing cards or hyperlink your Chase Freedom Flex℠ card to your Amazon account and use rewards to pay for all or a part of your purchases. Remember that these are the least beneficial redemption choices, as your factors can be price about 0.8 cents a chunk on Amazon.

3. How you can win with the “Chase Trifecta”

If you wish to earn probably the most factors and rewards doable, think about using the Chase Freedom Flex℠ bank card together with the 2 different playing cards that make up the Chase trifecta.

Begin by making use of for 3 complementary playing cards, together with one just like the Chase Freedom Flex℠ that provides bonus class spending, a card just like the Chase Sapphire Most popular® Card that provides extra incomes potential on non-bonus class spending and a card just like the Chase Freedom Limitless® that provides a flat 1.5x rewards charge for different purchases.

Then spend strategically. Use the Chase Freedom Flex℠ for bonus class purchases, the Chase Sapphire Most popular® Card for purchases resembling journey not booked by means of the Chase journey portal and the Chase Freedom Limitless® for something you’d solely get 1x rewards for on the opposite playing cards.

When it’s time to redeem your rewards, switch all of them to the account that provides a redemption bonus. The Chase Sapphire Most popular® Card, for instance, rewards cardmembers with a 25% bonus whenever you redeem factors for journey within the Chase Final Rewards® portal.

You would possibly think about upgrading your Chase Sapphire Most popular® Card for the Chase Sapphire Reserve®. Although the cardboard comes with a $550 annual price, it will get you a 50% enhance on journey booked within the portal.

4. The Chase 5/24 rule

Simply make certain to remember Chase’s 5/24 rule, which is not revealed anyplace on Chase’s web site however stipulates that Chase bank card candidates should have fewer than 5 approvals for bank cards inside the final 24 months to be authorised for an additional. So in case your purpose is to use for a number of playing cards, area these functions out.

The underside line

Should you don’t thoughts a card that requires a bit extra hands-on consideration than a card that provides flat, presumably much less profitable rewards, the Chase Freedom Flex℠ could be card for you. Simply you’ll want to activate your bonus spending classes each quarter and think about pairing it with one other Chase bank card (or two) for final incomes and redeeming potential.

How you can maximize your rewards

You need a journey bank card that prioritizes what’s essential to you. Listed below are our picks for the finest journey bank cards of 2022, together with these finest for:

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