Chase Shakes Up Freedom Cards: New ‘Flex’ Option, New Categories for Unlimited

The new card will feature 5% rotating bonus categories plus elevated rewards on other spending. The original Chase Freedom will stop taking applications.
Sara RathnerAug 31, 2020
Chase Shakes Up Freedom Cards: New 'Flex' Option, New Categories for Unlimited

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Chase has made further changes to the rewards, features and benefits of its Freedom-branded credit cards since this article was published. See our reviews of the and the for details about the current offers. 

Chase is adding to its Freedom family of credit cards with the new .

The -annual-fee card debuted on Sept. 15, 2020. It combines some of the benefits offered by the and the  — including rotating 5% cash-back categories — and adds some bonus categories of its own.

But unlike the existing Freedom cards, which run on the Visa payment network, the is a Mastercard, offering to all cardholders.

Chase is also adding new ways for cardholders to earn more cash back.

The "original" , meanwhile, will be closing to new applicants.

The starts out with a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. Here's what else it offers:

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Pay your monthly cell phone bill with your to get protection against covered theft of, or damage to, your phone. You can get up to $800 per claim and up to $1,000 per year, with a maximum of two claims in a 12-month period. There is a $50 deductible per claim.

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The also matches these benefits from the and the :

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The  currently offers 1.5% cash back on purchases.

That benefit will remain in place, but new and existing cardholders will also earn:

The new benefits kick in for cardholders on Sept. 13, according to an email to cardholders from Chase. Cardholders don't have to do anything to get them — the new rewards rates will apply automatically.

It continues to offer the following sign-up bonus: 

The will be closed to new applicants, but current cardholders can keep their accounts open and will notice no change to how their card earns rewards: 5% cash back on up to $1,500 per quarter on rotating bonus categories (activation required), and 1% back on all other purchases.

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Rewards and bonus offers in effect starting Sept. 15, 2020:

You can  from the and the to the , but you won’t qualify for the sign-up bonus.

However, if you apply for the as a brand-new applicant, even if you already have other Chase cards, you would be eligible for the bonus and promotion, assuming you are under the .

Information about the  has been collected by NerdWallet and has not been provided or reviewed by the issuer of this card.

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