Everybody appears to appreciate the Chase Independence Flex℠, but why? After you dig into the details of this hard cash back again credit card, you will speedily notice it provides anything for each form of benefits fanatic.
In addition to a single of the greatest rewards prices between all money back credit rating cards, new shoppers can also receive a welcome bonus while qualifying for an array of important benefits.
Right here are the five biggest factors everybody has been raving about this card.
1. Fantastic benefits
The Chase Freedom Flex begins new clients off with a $200 funds reward when they devote $500 on buys inside three months of account opening. From there, cardholders have the probability to make rewards in an array of well-known each day paying categories.
It all commences with the reality you gain 5 p.c again on up to $1,500 invested in bonus groups that rotate each three months (upon activation), followed by 1 percent back. Chase Freedom Flex categories can be distinctive from year to 12 months, but they incorporate selections most shoppers can effortlessly maximize.
|Q1: January to March||
|Q2: April to June||
|Q3: July to September||
|Q4: October to December||
In addition to earning 5 p.c back again in rotating classes (up to the combined $1,500 cap each and every quarter), cardholders also earn 5 percent again on up to $12,000 used on groceries the initial yr, 5 p.c again on vacation booked by way of Chase and 5 % back on Lyft rides (via March 2022).
As if these types weren’t more than enough, Chase Flexibility Flex house owners make 3 p.c back on dining and drugstore purchases and 1 per cent back on everything else. The combination of rewards types helps make the Chase Independence Flex pretty unique and worthwhile for virtually any individual.
2. Flexible benefits redemptions
Exactly where some income back again credit score playing cards only allow you redeem rewards for a check in the mail or assertion credits, the Chase Liberty Flex stands out in this place, way too. You can redeem your benefits for dollars back, assertion credits, present cards, products and even journey by means of Chase Ultimate Benefits.
If you have a high quality vacation credit history card from Chase, like the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve®, which is even far better. By pairing cards, you can make the most of diverse benefits cards to optimize factors on all your expending and costs. From there, Chase lets you pool your details in a quality vacation card account for greater journey redemptions.
For illustration, the Chase Sapphire Preferred presents 25 per cent more price for your factors when you redeem for vacation, and the Chase Sapphire Reserve offers you 50 % additional benefit. In the meantime, owning possibly card unlocks the selection to transfer your points to Chase Top Rewards companions like Air France/Traveling Blue, United MileagePlus, Southwest Fast Rewards, IHG Rewards and Globe of Hyatt.
3. Introductory APR offer you
The Chase Independence Flex provides very generous rewards, but that’s not all. New cardholders can also benefit from % APR on buys and stability transfers for 15 months, adopted by a variable APR of 14.99 percent to 23.74 %.
This introductory rate can be practical if you need to make a massive invest in and pay back it down more than time, or if you want to consolidate significant-fascination financial debt.
Just be aware that the equilibrium transfer price for financial debt you consolidate is only 3 p.c ($5 bare minimum) for balances transferred in just the 1st 60 days. Just after that, the equilibrium transfer price goes up to 5 p.c (bare minimum $5).
4. Travel perks
Customers who choose the Chase Liberty Flex also get accessibility to a array of surprising journey gains, like numerous travel insurance coverage protections.
For starters, cardholders get paid 5 % again on travel they guide by means of the Chase portal, which could include airfare, resorts, rental vehicles and additional. Not only that, but the card arrives with journey cancellation and interruption insurance, as properly as secondary auto rental security. Cardholders also get travel and crisis guidance expert services that can appear in useful for health care and lawful referrals and other emergency assist when you’re far from household.
5. Consumer protections
The Chase Flexibility Flex also arrives with cellphone protection worthy of up to $800 per claim (max $1,000 for every 12 months). This security will come into engage in when you pay out your cellphone monthly bill with your card. A utmost of two promises for each 12-month interval can be filed and a $50 deductible applies.
In the meantime, cardholders are also eligible for obtain protection in opposition to injury or theft that is very good for up to 120 times right after buy. This protection is great for up to $500 for every assert and up to $50,000 per account.
Eventually, the Chase Freedom Flex grants cardholders an additional calendar year of guarantee security for suitable products that currently come with a manufacturer’s guarantee of 3 decades or significantly less. This extended warranty protection applies when you obtain merchandise and spend with your credit card, and it is no cost for cardholders.
Why you may well take into consideration a distinctive cash again credit rating card
With all this becoming said, there are a handful of factors you may want to take into account one more cash back again card or having far more than a single card. For illustration, 1 major downside of the Chase Liberty Flex is the point cardholders only earn 1 per cent again on typical, non-reward spending. For this cause, quite a few consumers may well pair this card with a further benefits card that offers much more points on standard paying, this kind of as the Chase Independence Unlimited® or the Citi® Double Hard cash Card.
And if you are mostly immediately after per cent APR, know that some playing cards offer this perk for more time than 15 months. If you are hunting to save on desire on purchases, stability transfers or both equally, evaluate the Chase Freedom Flex to other percent APR credit score cards.
The base line
The Chase Independence Flex is a person of the ideal cash back credit score playing cards on the market these days. Generous earning charges in rotating categories and day-to-day paying out categories can aid you generate more benefits, and the card will come with a surprising variety of perks taking into consideration its absence of an once-a-year charge.