This New Credit Card Offers Impressive Cash-Back Rewards

Photo by Budimir Jevtic / Shutterstock.com

Money Talks News has partnered with CardRatings for our coverage of credit card products. Money Talks News and CardRatings may receive a commission from card issuers.

You may be familiar with the Chase Sapphire Reserve or Chase Freedom Unlimited, two very popular credit cards known for their major perks and cash-back rates, respectively. Now Chase has a brand-new card to compete for space in your wallet: the Chase Freedom Flex.

In certain cases, it offers more than triple the cash-back rate of the Freedom Unlimited and matches most other benefits, which is saying something — because Chase is also giving the Freedom Unlimited a big boost alongside this launch.

Everything the Freedom Flex has to offer

The Chase Freedom Flex card offers strong, steady cash-back rates in a number of categories:

Chase Freedom Flex card
Chase
  • 5% cash back on travel purchased through Chase Ultimate Rewards, including hotels, flights, car rentals and cruises
  • 5% cash back on grocery store purchases up to $12,000 in the first year, as a welcome bonus
  • 5% cash back on Lyft rides (through March 2022)
  • 3% on dining at restaurants (including takeout and delivery)
  • 3% on drugstore purchases
  • 1% on all other purchases

The part where it really shines is the 5% cash back on bonus categories, on up to $1,500 in combined purchases each quarter.

While these categories will vary and thus require a little effort on your part, the rewards are worth it — that works out to as much as an extra $300 in rewards per year!

That’s on top of the $200 bonus you can earn after spending $500 on purchases in the first three months with the card.

Your rewards don’t expire, and there’s no minimum to redeem. That means there’s no pressure on you to use them except when you actually want to. Chase Ultimate Rewards can be used for gift cards, shopping at Apple or Amazon, travel or even as your choice of a cash deposit or statement credit.

Other perks of the card include:

  • Three free months of premium DoorDash delivery service
  • Extended warranty protection
  • Free credit score
  • Car rental coverage
  • Cellphone protection
  • Trip cancellation insurance

And unlike the Chase Sapphire Reserve card, all of this is available with no annual fee.

Is Freedom Flex or Freedom Unlimited better?

Freedom Unlimited now offers many of the benefits mentioned above for the Freedom Flex. The most notable difference between the two are that Unlimited doesn’t get the 5% bonus categories: Instead, it gets a higher 1.5% on “all other purchases” compared with the Unlimited’s 1%.

This means that after the $1,500 in bonus categories, or if you’re not spending in those categories, the Freedom Unlimited offers the higher cash-back rate. If you truly want to maximize your benefits, you can get both cards.

Unlimited also doesn’t offer the phone protection available with the new Flex, which covers up to $1,000 in theft or damage per year with a $50 deductible.

Click here for more details and compare it with other offers.

Whatever you need in a credit card — whether it’s reward points, cash back, balance transfer or a low interest rate — you can find with our credit card search tool. Click here to search for the plastic that best fits your needs.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Read Next
9 Ways to Boost Your Home’s Curb Appeal for Less Than $50
9 Ways to Boost Your Home’s Curb Appeal for Less Than $50

These products will instantly improve your home’s curb appeal without breaking the bank.

19 Things You Should Never Buy at a Grocery Store
19 Things You Should Never Buy at a Grocery Store

These household necessities are overpriced at the grocery store. Get them cheaper at these places instead.

10 Colleges That Offer Free Tuition for Seniors
10 Colleges That Offer Free Tuition for Seniors

These schools let retirement-age students study, tuition-free, while earning college credit.

7 Mistakes Guaranteed to Ruin Your Retirement
7 Mistakes Guaranteed to Ruin Your Retirement

Make even one of these money mistakes, and you’ll probably end up eating ramen noodles in your golden years.

12 Ways to Maximize Your Social Security Checks
12 Ways to Maximize Your Social Security Checks

You may be eligible for more retirement income than you realize.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Most Popular
7 Kirkland Signature Items to Avoid at Costco
7 Kirkland Signature Items to Avoid at Costco

Even if it seems you save a bundle buying Costco’s Kirkland Signature brand products, they may not be the bargain they appear to be.

How to Buy Gas At Costco Without a Membership
How to Buy Gas At Costco Without a Membership

The warehouse club often has some of the cheapest gas in town. Here’s how you can get it as a nonmember.

10 Things to Stop Buying If You Want a Clutter-Free Home
10 Things to Stop Buying If You Want a Clutter-Free Home

If you like to keep things simple, avoid these purchases.

If You Find This Thrift Shopping, Buy It
If You Find This Thrift Shopping, Buy It

Vacuums from this brand can last a half-century, if not longer — and they’re hot on the resale market.

A Simple Way to Silence Robocalls Today
A Simple Way to Silence Robocalls Today

A few steps can keep your phone from ringing when a spammer calls.

This Company Makes the Best Tires in America
This Company Makes the Best Tires in America

Driver satisfaction with tires is at an all-time high, but one brand stands out.

This Health Issue Can Hint at Dementia Years in Advance
This Health Issue Can Hint at Dementia Years in Advance

One type of pain is especially associated with cognitive decline.

Can I Switch to Spousal Social Security Benefits When My Ex Dies?
Can I Switch to Spousal Social Security Benefits When My Ex Dies?

Knowing when to claim can help you maximize benefits.

36 Things That Will Be Obsolete Soon
36 Things That Will Be Obsolete Soon

The writing is on the wall for dozens of things we have grown up with.

Medicare Will Not Cover These 6 Medical Costs
Medicare Will Not Cover These 6 Medical Costs

Don’t let these health care expenses catch you off guard in retirement.

8 Things You Should Always Buy on Amazon
8 Things You Should Always Buy on Amazon

The giant retailer shines when it comes to these things, from basics to hard-to-find specialty goods.

5 Ways to Get Amazon Prime for Free
5 Ways to Get Amazon Prime for Free

Hesitant to drop $119 a year on an Amazon Prime membership? Here’s how to get it for free.

8 Federal Income Tax Breaks for Homeowners
8 Federal Income Tax Breaks for Homeowners

Some of these deductions and credits are available to a wide swath of homeowners.

5 Ways to Fill Your Pantry With Free Food
5 Ways to Fill Your Pantry With Free Food

Anyone can take advantage of these resources.

3 Ways to Get Microsoft Office for Free
3 Ways to Get Microsoft Office for Free

With a little ingenuity, you can cut Office costs to zero.

10 Types of Retirement Income That Are Not Taxable
10 Types of Retirement Income That Are Not Taxable

There are lots of things Uncle Sam can’t touch — so long as you play by the rules.

6 Reasons You Should Stop Hiding Cash at Home
6 Reasons You Should Stop Hiding Cash at Home

Stashing money around the house is anything but harmless.

5 States With the Worst Health Care for Retirees
5 States With the Worst Health Care for Retirees

All of these states are located in the same region of the nation.

5 Products You Should Never Buy Generic
5 Products You Should Never Buy Generic

Sometimes the brand-name version is clearly superior.

View More Articles

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.