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The Chase Ultimate Rewards® program has undergone some major changes in the month of September, none bigger than the introduction of the Chase Freedom Flex℠ card, a high-earning cash-back card with a $0 annual fee.
Even if you think that the last thing you need is another Chase card, here are some reasons why you might consider applying for the Chase Freedom Flex℠.
» Learn more: Chase’s 5/24 rule explained
But first: The well-known reasons
Before we get into the often-overlooked advantages, here’s a look at some of the biggest perks that this card has to offer.
Welcome bonus: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
Cash back: You will earn 5% back on travel purchased through Chase Ultimate Rewards®, 3% back on dining, takeout and eligible delivery services, 3% back on drugstore purchases and 1% back on all other purchases. New cardmembers will also earn 5% back on grocery store purchases for up to $12,000 in a calendar year.
Rotating bonus categories: The Chase Freedom Flex℠ will also earn 5% back on quarterly bonus categories for up to the first $1,500 spent in those categories.
Cell phone protection
Sooner or later, it happens to everyone. You drop your phone, watch it smack onto a hard surface and then admire the spider web of cracks that have spread across your once pristine display screen. Normally, this would cost hundreds of dollars to repair, but the insurance provided by the Chase Freedom Flex℠ card should bring that amount down.
Chase Freedom Flex℠ provides you with cell phone insurance for up to $800 per claim and $1,000 a year against both damage and theft as long as you pay the monthly bill for that phone with the card. You can make up to two claims in a 12-month period, and you will be responsible for a $50 deductible per claim.
The Chase Freedom Flex℠ gives you access to your credit score to help you monitor whether anyone is opening cards or running up debt in your name. The card also has zero liability protection so that you aren’t responsible for unauthorized charges made to your card.
Additionally, the card also features fraud monitoring protections, which use tools to monitor your account in real time so that you can be alerted quickly of any possible signs of fraudulent activities.
Items you buy with your Chase Freedom Flex℠ will be covered by the card’s purchase protection, which covers you for 120 days against both damage and theft, up to $500 per claim and $50,000 per account.
Adding another layer of protection for your possessions, the Chase Freedom Flex℠ also offers warranty extensions for items you buy with the card. This perk will extend eligible warranties from U.S manufacturers for an additional year, as long as the warranty is for three years or less.
As quarantine has taught us, vacations and travel plans can be interrupted or canceled for the most unexpected reasons. For passenger fares that can’t be refunded, Chase will pay up to $1,500 per person and $6,000 per trip for trips that are canceled because of illness, severe weather and other covered situations.
Additionally, Chase Freedom Flex℠ offers an emergency helpline for travelers in need of legal or medical referrals or who need other travel or emergency assistance.
Since COVID-19 hit, a lot of us have been ordering more takeout, racking up high delivery fees. To help offset those costs, Chase Freedom Flex℠ cardholders will be given three free months of DoorDash’s subscription service, DashPass.
With DashPass, you’ll receive unlimited deliveries with no delivery fees for orders over $12 (though other fees may apply). After your three months are up, you’ll then be eligible for nine more months of DashPass at 50% off. You must activate this perk by Dec. 31, 2021, to take advantage of it.
Cash back on Lyft
Through March 2022, cardholders will earn 5% cash back on every ride they take on Lyft.
» Learn more: Chase Ultimate Rewards®: How to earn and use them
The bottom line
The Chase Freedom Flex℠ card is one of the most intriguing new reward cards to be issued in a long time. It offers more bonus categories and a higher bonus than other Chase cards, and it does so without charging a fee, making it a high priority card for any Chase Ultimate Rewards® collector.
How to Maximize Your Rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2020, including those best for:
Airline miles and a large bonus: Chase Sapphire Preferred® Card
No annual fee: Wells Fargo Propel American Express® card
Flat-rate rewards with no annual fee: Bank of America® Travel Rewards credit card
Premium travel rewards: Chase Sapphire Reserve®
Luxury perks: The Platinum Card® from American Express
Business travelers: Ink Business Preferred® Credit Card