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With so many options out there offering cash back rewards, travel perks, and low-interest rates, finding the perfect card tailored to your needs can feel overwhelming.
That’s where we come in. In this Chase Freedom Flex review, we examine all aspects of this card, including how it works, its features, pros and cons, rates, requirements, and the application process.
Read on to find out if the Chase Freedom Flex is the best credit card to match your financial goals and lifestyle.
Features of the Chase Freedom Flex Credit Card
This card also comes with some handy built-in protections and rewards. For instance, you’re covered with Zero Liability Protection, meaning you’re not liable for unauthorized charges.
Plus, there’s Purchase Protection for new items against damage or theft, and Extended Warranty Protection that extends your warranties on certain purchases.
When you travel, you can benefit from Trip Cancellation/Interruption Insurance, providing coverage if your plans change unexpectedly. There’s also Cell Phone Protection, which is great for peace of mind if your phone gets damaged or stolen.
And with the Auto Rental Collision Damage Waiver, you can decline rental company insurance and still be covered for rental car damage.
Pros and Cons of the Chase Freedom Flex Credit Card
Like any other, this card has some pros and cons. Let’s explore them.
Benefits
The advantages of Chase Freedom Flex card include:
- Complimentary DashPass Membership for DoorDash: Enjoy $0 delivery fees on eligible orders.
- 5% Cash Back on Lyft Rides: Earn rewards on your transportation expenses.
- Chase Credit Journey: Monitor your credit score and receive alerts about changes to your credit report, helping you stay on top of your financial health.
Cons
Here is a key bottleneck:
- Loss of Intro APR: If any required Minimum Payment is 60 days late, your introductory APR will be terminated, and the Penalty APR will be applied.
Rates and Fees
When you first open your account, you’ll enjoy a 0% Intro APR on purchases and balance transfers for the first 15 months. After that, your APR could range from 20.49% to 29.24%, depending on factors like your creditworthiness.
For cash advances, the APR is 29.99%, which can vary with the Prime Rate. If you miss a minimum payment or it gets returned, a penalty APR of up to 29.99% could kick in indefinitely.
To steer clear of interest on purchases, be sure to pay off your balance in full each month by the due date, which is at least 21 days after the billing cycle ends. And there’s no minimum interest charge.
Regarding fees, there’s no annual membership fee. During the 0% Intro Purchase APR period, Chase Pay Over TimeSM has no monthly fee for eligible purchases. After that, it could be up to 1.72% per month.
For balance transfers made within 60 days of opening your account, expect a fee of either $5 or 3% of the transfer amount, whichever is greater. After that, it’s $5 or 5% of the transfer amount.
Chase Freedom Flex international fees apply. Foreign transactions incur a 3% fee in U.S. dollars.
Returned payment and late payment fees can reach up to $40 each. And, cash advances come with a fee of either $10 or 5% of the transaction amount, whichever is greater.
Requirements and Eligibility Criteria
Well, before being approved for a credit card, they’ll review your credit report and the information you provide to ensure you meet our criteria. Based on this review, you might receive a card with different costs, or you might not be approved.
If approved, your credit limit will be at least $500. To qualify, you must be at least 18 years old (19 in Alabama and Nebraska, 21 in Puerto Rico).
Married applicants can apply for a separate account. Ohio residents are protected by laws ensuring equal credit availability. And, married Wisconsin residents must provide their name and social security number, as well as their spouse’s name and address, to Cardmember Service at P.O. Box 15366, Wilmington, DE 19850-5366.
How to Apply for the Chase Freedom Flex Credit Card
Applying for the Chase Freedom Flex Credit Card is straightforward and convenient. Head to the Chase website and sign in to apply faster if you’re already a customer.
If you’re new, you can apply as a guest. You’ll be redirected to a secure page where you’ll need to fill out a form with your personal details.
You’ll need to provide your name, date of birth, Social Security number, and contact information. Additionally, you’ll fill in your home address and employment status, along with your total gross annual income.
Once you complete the application, you can choose to add authorized users, request balance transfers, and set preferences for paperless statements. Make sure to read and agree to the pricing, terms, and conditions before submitting your application.
Conclusion
If you’re in the market for a credit card that offers robust rewards, flexibility, and valuable protections, the Chase Freedom Flex could be an excellent choice to meet your financial goals.
Its comprehensive benefits and ease of use make it a standout option. If you think this card is the right fit for you, applying online is quick and straightforward.
