Big Bonus, 5% on Travel and Rotating Categories and 3% on Dining and Drugstores
Today Chase unveiled the new Freedom Flex credit card as well as new cash back offerings for Freedom Unlimited, both available starting September 15, 2020. These no-fee credit cards will now earn 3% on drug store purchases, 3% when dining out or with takeout and eligible delivery, as well as 5% on travel purchased through Chase Ultimate Rewards®. Freedom Flex cardmembers will also enjoy access to Mastercard’s World Elite Benefits and rotating 5% cash back bonus categories, similar to Chase Freedom.
The new Freedom Flex Mastercard also comes with the same bonus offered by the Freedom Unlimited card. With the extra earnings, Freedom cards are now much more enticing, especially for those who also have a Chase Sapphire Reserve card, which instantly makes your points more valuable.
Update: The card is now available for applications.
Freedom Flex
Freedom Flex is the newest Chase branded consumer credit card in partnership with Mastercard. Freedom Flex will feature World Elite Mastercard benefits designed to meet the needs for those always connected and on-the-go. In addition, cardmembers will have access to Priceless Experiences, offering activities both digitally and in the cities where they are.
Cardmembers earn cash back on:
- 5% on Bonus Quarterly Categories – Each quarter they activate, cardmembers will receive 5% cash back on up to $1,500 in combined purchases on bonus categories such as grocery stores, select streaming services and many others.
- 5% on Travel purchased through Chase Ultimate Rewards, including vacation and car rentals.
- 3% on Dining purchases, including take out or eligible delivery services.
- 3% on Drugstore purchases on daily essentials like medicine, toiletries, diapers and other items.
- 1% unlimited cash back on all other purchases.
Freedom Flex cardmembers will receive Mastercard’s leading World Elite Benefits including:
- 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 bill.
- 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.
Lyft and DoorDash
Flex and Unlimited cardmembers also receive previously announced benefits with Lyft and DoorDash:
- 5% total cash back on all Lyft rides through March 2022.
- In addition to earning 3% on all dining purchases, cardmembers can activate and receive complimentary DoorDash DashPass for the first three months*, followed by a 50% discount price at the current rate for the next nine months.
Welcome Bonus
The welcome bonus on the new Chase Freedom Flex card is the same as the Freedom Unlimited.
- Receive $200 cash back after spending $500 on purchases in the first three months
- Plus 5% cash back on grocery store purchases for the first year (on up to $12,000).
That is a great bonus again, considering that this is a no fee card. The card is not available just yet, so you will need to wait until September 15th to apply and get this welcome offer.
Guru’s Wrap-up
A great new product from Chase, and it almost seems too good to be true. The card has a good welcome bonus and provides terrific earning for ongoing spend for a no-fee credit card. The rotating categories have been a big hit with the Chase Freedom card and now, with the Freedom Flex you also get 3% on dining and drugstore purchases. The fact that it is a Mastercard also gets you the additional World Elite Benefits.
With the new Chase Freedom Flex being so similar to the Chase Freedom, it probably means that the old Chase Freedom will go away on September 15, 2020. As of now the card is still available on the Chase website.
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1 thought on “NEW Chase Freedom Flex – Big Bonus, 5% on Travel and Rotating Categories and 3% on Dining and Drugstores”
The new card sounds great and all but it is too good I think. Must be some bad news coming from Chase. Maybe no more point transfers to premium cards? Doesn’t make sense to get CSP over this.