Chase Freedom Flex and Unlimited: 5x Grocery Bonus Ending

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Two of our favorite cash-back credit cards — the Chase Freedom Flex℠ and Chase Freedom Unlimited® — are offering an excellent welcome bonus of $200 after spending $500 on purchases in the first three months from account opening. Plus, new cardholders can earn 5% cash back (5x points) at grocery stores (excluding Target and Walmart) on up to $12,000 in spending during the first year of account opening (then 1x).

It’s your last chance to get in on this limited-time offer, because the 5x grocery bonus promotion will end sometime before the end of the day tomorrow, January 12, 2022. 

Read more: Chase Freedom credit card review: All 3 versions offer solid rewards for no annual fee, but only 2 are available to new applicants

Here’s what to know if you’re considering applying for the Chase Freedom Flex℠ or Chase Freedom Unlimited®.

Chase Freedom Flex and Unlimited 5x grocery bonus ending

Regular APR

14.99% – 24.74% Variable APR

Credit Score

Good to Excellent

Featured Reward

$200 after spending $500 on purchases in the first three months from account opening

Intro APR

0% intro APR on purchases and balance transfers for the first 15 months

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  • Pros & Cons
  • Details

  • Pros
    • Solid flat cash-back rate
    • You can combine cash-back rewards with Ultimate Rewards points if you have an eligible card
    • No annual fee
    Cons
    • Some other cards offer a higher rate of cash back on certain types of purchases
    • $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
    • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
    • 3% cash back on dining at restaurants, including takeout and eligible delivery services
    • 3% cash back on drugstore purchases
    • 5% on travel purchased through Chase Ultimate Rewards®
    • Unlimited 1.5% cash back on all other purchases
    • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 14.99% – 24.74%.
    • No annual fee.

    Read Our Review
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    It’s worth applying before the Chase Freedom Flex℠ and  Chase Freedom Unlimited® offers change because if you maximize the grocery bonus, you’ll earn another $600 cash back (60,000 points) over the first year. That’s a substantial return on purchases most folks would make anyway, and a big boost over the standard welcome offer.

    Read more: Guide to the best credit cards for buying groceries

    Chase defines grocery stores as “supermarkets, merchants that offer a full service grocery line of merchandise including a deli and bakery as well as smaller grocery stores,” but retailers that sell other items, like warehouse clubs, discount stores, and drugstores won’t count toward the bonus. Grocery delivery services are included as long as they classify as a grocery store merchant (such as Instacart).

    Both of these cards earn also earn 5% back on travel booked through Chase and 3% back on dining (including takeout) and drugstores, but otherwise, their earning schemes differ. The Chase Freedom Unlimited® earns 1.5% cash back (1.5 points per dollar) outside of these bonus categories, making it a good pick for those who prefer a solid earning rate across a wide variety of purchases.

    Read more: Chase Freedom Unlimited card review

    The Chase Freedom Flex℠ is a little more involved (but potentially more rewarding). Cardholders can earn 5% cash back (5x points) in bonus categories that rotate every quarter, on up to $1,500 in combined spending (then 1% back) after activation.

    Stack the Chase Freedom Flex grocery bonus to earn up to 9x

    Regular APR

    14.99% – 24.74% Variable

    Credit Score

    Good to Excellent

    Featured Reward

    $200 after spending $500 on purchases in the first three months from account opening

    Intro APR

    0% intro APR on purchases and balance transfers for the first 15 months

    Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Pros & Cons
  • Details

  • Pros
    • No annual fee
    • Generous bonus cash-back categories
    • Great welcome bonus
    Cons
    • Booking through Ultimate Rewards portal can restrict outside earning potential
    • Varying percentages and rotating calendar categories require extra attention
    • 3% foreign transaction fees
    • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
    • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
    • 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
    • 3% cash back on dining at restaurants, including takeout and eligible delivery services
    • 3% cash back on drugstore purchases
    • 5% cash back on travel purchased through Chase Ultimate Rewards®, and 1% on all other purchases.
    • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 14.99% – 24.74%.
    • No annual fee.

    Read Our Review
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    The Chase Freedom Flex℠ is an even more lucrative opportunity right now because, for the first quarter of 2022 (January through March), grocery stores are a 5x rotating category. This means if you open a Chase Freedom Flex℠ now, you can earn 9% cash back between 5x grocery bonus welcome offer and rotating category bonus until March 31, 2022.

    Because the rotating category bonus is actually awarded as 4x rewards on top of the card’s usual earning, you’ll earn a total of 9x (9% back) on groceries for Q1 2022, up to spending limits.

    Read more: Chase Freedom Flex card review

    Here’s a summary of the differences between the cards.

    How to get more value from the Chase Freedom cards

    The Chase Freedom Flex℠ and Chase Freedom Unlimited® are marketed as cash-back cards, but they actually earn rewards in the form of Chase Ultimate Rewards points, which are worth 1 cent apiece when you redeem them for cash back, gift cards, or travel booked through the Chase portal.

    Read more: How to earn, redeem, and maximize Chase Ultimate Rewards points

    You can also use points toward charity donations until December 31, 2022, through the Chase Pay Yourself Back program, in which case you’ll get a 25% bonus (1.25 cents per point). 

    But if you have multiple Chase Ultimate Rewards cards, you can combine your points in a single card account. For example, if you have the Chase Sapphire Preferred® Card, Chase Sapphire Reserve®, or Ink Business Preferred® Credit Card, you can transfer Ultimate Rewards points to one of these cards from your Chase Freedom Flex℠ or Chase Freedom Unlimited®.

    Read more: If you have a Chase Sapphire Preferred or Reserve, adding a no-annual-fee Freedom card can earn you even more bonus points

    Once you’ve pooled your points, you’ll have the ability to transfer points to Chase airline and hotel partners, like United Airlines and Hyatt. You’ll also have more redemption categories available through Pay Yourself Back.

    Plus, you’ll get more value when you redeem for travel through the Chase portal or Pay Yourself Back. With the Chase Sapphire Preferred® Card and Ink Business Preferred® Credit Card, you’ll receive a 25% bonus — or 1.25 cents per point — and the Chase Sapphire Reserve® gets you 50% more, or 1.5 cents per point. 

    Read more: These 3 Chase cards are all you need to maximize how you earn rewards points

    To learn more about the best credit card combinations for maximizing rewards, check out our guides to pairing the Freedom and Sapphire cards and earning the most cash-back without an annual fee.

    Featured cash back credit cards from our partners

    Featured Reward

    2% cash back on all purchases

    Credit Needed

    Good to Excellent

    Featured Reward

    $200 after spending $500 on purchases in the first three months from account opening

    Credit Needed

    Good to Excellent

    Featured Reward

    $200 after spending $500 on purchases in the first three months from account opening

    Credit Needed

    Good to Excellent

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