Chase Freedom Flex vs. Chase Freedom Limitless comparability: Rotating classes or flat money again?
Chase’s array of non-public bank card merchandise ranges from the ultra-premium Chase Sapphire Reserve to the “money again” Chase Freedom Flex and Chase Freedom Limitless playing cards, which do not cost annual charges. With so many choices, choosing the right card could be tough if you happen to aren’t certain what you need.
Because of Chase’s 5/24 rule (which signifies that you might robotically be rejected for many Chase playing cards if you happen to’ve opened 5 or extra playing cards within the final 24 months), it is necessary to have a transparent technique about which Chase playing cards you need to add to your pockets.
At the moment, we’re taking a look at two of Chase’s no-annual-fee bank cards — the Chase Freedom Flex and Chase Freedom Limitless. By themselves, each earn factors that may solely be redeemed as money again at 1 cent per level. Nonetheless, you possibly can pair both card with a extra premium Chase Final Rewards card, such because the Chase Sapphire Most well-liked Card, to show these factors into full-fledged Final Rewards factors. Then, you possibly can redeem the factors by way of the Chase Final Rewards journey portal or by transferring them to companions.
Let’s overview every card’s particulars to see which makes extra sense for you.
Chase Freedom Flex vs. Chase Freedom Limitless comparability
| Card | Chase Freedom Flex | Chase Freedom Limitless |
|---|---|---|
| Annual price | None | None |
| Signal-up bonus | Earn $200 money again after you spend $500 on purchases within the first three months from account opening | Earn a further 1.5% on all purchases as much as $20,000 spent within the first 12 months. That is a price of as much as $300 money again. |
| Incomes charge | 5% money again on as much as $1,500 in mixed purchases in bonus classes every quarter you activate
5% money on journey booked by way of Chase Final Rewards 3% money again on eating (together with takeout & eligible supply companies) 3% money again at drugstores 1% money again on all non-category bonus purchases |
5% money on journey booked by way of Chase Final Rewards
3% money again on eating (together with takeout & eligible supply companies) 3% money again at drugstores 1.5% money again on all non-category bonus purchases |
| Advantages | Journey cancellation/interruption insurance coverage
Major auto rental collision injury waiver Prolonged guarantee safety Journey and emergency and help companies Buy safety Cellphone safety |
Journey cancellation/interruption insurance coverage
Major auto rental collision injury waiver Prolonged guarantee safety Journey and emergency and help companies Buy safety |
| Redemption choices | Redeem factors as money again, or switch them to Final Rewards factors if you happen to additionally maintain a premium Chase card | Redeem factors as money again, or switch them to Final Rewards factors if you happen to additionally maintain a premium Chase card |
Chase Freedom Flex vs. Chase Freedom Limitless welcome bonus
The Freedom Flex provides a sign-up bonus of $200 money again after spending $500 on purchases within the first three months from account opening. At face worth, this bonus is price $200; nonetheless, if you happen to additionally maintain a premium Chase card and switch your factors, they are often price $410, in accordance with TPG’s valuations.
The Freedom Limitless provides a further 1.5% on all buy classes through the first 12 months as much as $20,000. At face worth, this bonus could be price as much as $300; nonetheless, if you happen to additionally maintain a premium Chase card, it may be price $615, in accordance with TPG’s valuations.
Winner: Freedom Limitless
Chase Freedom Flex vs. Chase Freedom Limitless advantages
The Freedom Flex and Freedom Limitless each supply journey cancellation/interruption insurance coverage, main auto rental collision injury waiver, prolonged guarantee safety, journey and emergency and help companies, and buy safety.
Nonetheless, the place the 2 playing cards differ is the good thing about cellphone safety with the Freedom Flex, which is a Mastercard, not a Visa. Cardmembers can stand up to $800 per declare and $1,000 per 12 months (most of two claims in a 12-month interval with a $50 deductible per declare).
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Whereas there aren’t too many earth-shattering variations, Mastercard’s cellphone safety is the massive — and extremely fascinating — perk between the 2.
Winner: Freedom Flex
Incomes money again with the Chase Freedom Flex vs. Chase Freedom Limitless
These bank cards are cash-back-earning playing cards. They each supply 5% money on journey booked by way of Chase Final Rewards, 3% money again on eating (together with takeout and eligible supply companies) and three% money again at drugstores.
The place they diverge is that whereas the Freedom Limitless has a flat 1.5% incomes charge on all non-bonused spending (in comparison with simply 1% with the Freedom Flex), the Freedom Flex provides 5% money again on as much as $1,500 in rotating quarterly bonus classes, like fuel stations, Amazon.com and PayPal.
The Freedom Limitless is the simpler possibility, whereas the Freedom Flex requires you to activate the bonus classes each quarter.
Winner: Tie. It will depend on whether or not you need to put within the work to maintain up with quarterly rotating bonus classes with the Freedom Flex or simply go for a easy flat charge with the Freedom Limitless.
Redeeming money again with the Chase Freedom Flex vs. Chase Freedom Limitless
Redeeming your hard-earned money again with both bank card is kind of easy. The normal choices are to redeem for assertion credit score or direct deposit into most U.S. checking and financial savings accounts. As well as, you possibly can redeem the worth of your money again as reward playing cards to over 175 manufacturers supplied by Chase.
“Store by way of Chase” is an alternative choice the place factors could be utilized immediately for purchases on Chase’s accomplice web sites, corresponding to Amazon.com. You too can guide journey by way of the Chase Journey Portal to cowl airfare, resort stays, and rental automobiles by paying fully with factors or a mix of factors and money. In these cases, you redeem at one cent per level.
Winner: Tie
Transferring money again with the Chase Freedom Flex vs. Chase Freedom Limitless
A greater option to redeem your money again from both Freedom Flex or Freedom Limitless is to switch it to considered one of Chase’s premium journey playing cards, benefiting from the Chase Trifecta.
These playing cards embrace the Chase Sapphire Most well-liked Card, Ink Enterprise Most well-liked Credit score Card, and the Chase Sapphire Reserve. The worth of your factors is elevated by 25% when transferred to the Sapphire Most well-liked or Ink Enterprise Most well-liked to redeem journey by way of the Chase Portal. Being a cardholder of the Sapphire Reserve provides you a 50% improve when transferred to that card and redeeming factors for journey.
For much more worth, you possibly can switch these mixed factors from one of many three playing cards to any considered one of Chase’s 14 switch companions.
Winner: Tie
Ought to I get the Chase Freedom Flex vs. Chase Freedom Limitless?
Backside line
Whether or not you go for the Freedom Flex or Freedom Limitless, these playing cards match properly into nearly each sort of bank card technique. Should you’re new to the world of factors and miles and have a extra restricted credit score historical past, these playing cards are simpler to get permitted for than premium playing cards such because the Chase Sapphire Reserve.
They will additionally enable you to construct a robust relationship with Chase whereas incomes worthwhile rewards — resist the temptation to redeem them for money again till you get a Sapphire card later. Even if you happen to’re a extra superior award traveler, you may get loads of worth from these playing cards.
The Chase Freedom Limitless is among the finest playing cards for on a regular basis spending with its 1.5% return. And the Freedom Flex can also be price holding round for the rotating quarterly bonus classes.
Official software hyperlink: Chase Freedom Limitless
Official software hyperlink: Chase Freedom Flex
