Current cardholders-and those who previously had this card and received a bonus within the past 24 months-don't qualify for the bonus.

Your account cannot be in default and must be open to qualify. This bonus offer is decent for a no-annual-fee credit card, and the spending requirement is also reasonable.Ĭhase says the bonus should post to your Ultimate Rewards account within six to eight weeks after qualifying. The one-time bonus is deposited into your rewards account as 20,000 Ultimate Rewards points. You can earn $200 cash back after spending $500 on purchases with the Chase Freedom Flex card in the first three months from account opening. However, people who don’t want to be bothered with rotating bonus categories or don’t regularly spend money in the higher-earning categories may find that more straightforward cards could be a better fit. When you consider all of the ancillary benefits this card offers, such as cell phone protection and trip cancellation and interruption insurance, it stands out as one of the better options in the no-annual-fee credit card space.

The one-time bonus adds even more value for a no-annual-fee credit card. The Chase Freedom Flex card could be a good fit for those who want to earn cash back or Ultimate Rewards points in a wide variety of categories.

5% cash back on rotating categories is limited: Earn 5% cash back on up to $1,500 on combined purchases in bonus categories each quarter, and 5% cash back on travel purchased through Chase Ultimate Rewards.

You can set a calendar reminder so you don’t forget to do this, but it does require some extra work.

Must activate quarterly rotating 5% cash-back categories: To earn 5% cash back in the bonus rotating quarterly categories, you need to activate this benefit each quarter.

However, given its higher cash-back earning rates in certain categories, along with its other benefits, that isn’t a huge drawback.

Mediocre earning rate on all other purchases: This card earns just 1% cash back on all other purchases.

Several other no-annual-fee credit cards do not charge these fees, which can quickly add up if you travel internationally.

Charges foreign transaction fees: The Chase Freedom Flex credit card charges a 3% foreign transaction fee.

There is a $50 deductible per claim and a two-claim limit per 12-month period.

Cell phone insurance protection: You’re insured for up to $800 per claim and $1,000 per year against covered theft or damage to phones listed on your monthly cell phone bill when you pay that bill with the card.

Those include illness, severe weather, and more. To qualify, you must pay for your trip with the card, and your trip must be canceled or cut short for a covered reason.

Trip cancellation and interruption insurance: This benefit provides reimbursement of up to $1,500 per person and $6,000 per trip for prepaid, non-refundable passenger fares.

Compared with other no-annual-fee cards, this is very generous. You can earn $200 cash back after spending $500 in the first three months.

Substantial one-time bonus for a no-annual-fee card: The card offers a pretty great bonus.

Earn 5% cash back on travel purchased through Chase Ultimate Rewards, 3% on dining at restaurants, including takeout, eligible delivery services, and drugstores. Those include 5% cash back on up to $1,500 on combined purchases in bonus categories each quarter you activate.

Several high-earning rewards categories: This card features several categories that earn more than the 1% base cash-back rate.

Must activate quarterly rotating 5% cash-back categoriesĥ% cash back in rotating categories is limited Mediocre earning rate on all other purchases

Chase international fees