Chase Freedom Flex vs. Chase Freedom Limitless

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Whether or not you’re new to bank card rewards or an knowledgeable within the subject, each the Chase Freedom Flex and the Chase Freedom Limitless bank cards are very attractive in terms of earn money again on every little thing you purchase. However selecting the one that can show you how to maximize your bank card rewards is significant. So what are the variations and which one is best for you?

To reply that query, we’ve detailed the professionals and cons of those two playing cards, together with every card’s on a regular basis incomes charges, bonus classes and different card advantages that can assist you decide which card most closely fits your spending habits.

On the floor, the Chase Freedom Flex and the Chase Freedom Limitless really look fairly related. They each carry the Freedom identify. They each include no annual payment. They usually each provide the chance to earn rewards within the type of Chase Final Rewards factors that may be redeemed for money again, or for journey and in different classes at a better fee when paired with one other premium Chase bank card (extra on that in a second).

However there are some variations. So first, let’s check out the important thing particulars of those two playing cards aspect by aspect:

Chase Freedom Flex Chase Freedom Limitless
Signal-up bonus (after spending $500 on purchases within the first three months after opening account) $200 money again, plus 5% money again on grocery retailer purchases on as much as $12,000 spent within the first 12 months $200 money again, plus 5% money again on grocery retailer purchases on as much as $12,000 spent within the first 12 months
Incomes on journey bought by means of Chase Final Rewards 5% money again 5% money again
Incomes on eating (together with takeout & eligible supply companies) 3% money again 3% money again
Incomes at drugstores 3% money again 3% money again
Incomes on rotating bonus classes 5% money again on as much as $1,500 in mixed purchases every quarter No rotating bonus classes
Incomes on all different purchases 1% money again 1.5% money again
Introductory APR on purchases 0% curiosity on purchases for the primary 15 months from the date of account opening (14.99%-23.74% variable APR after intro fee ends) 0% curiosity on purchases for the primary 15 months from the date of account opening (14.99%-23.74% variable APR after intro fee ends)
Cellphone safety As much as $800 per declare and $1,000 per 12 months (most of two claims in a 12 month interval with a $50 deductible per declare) None
Buy safety As much as $500 per declare and $50,000 per 12 months As much as $500 per declare and $50,000 per 12 months
Prolonged guarantee safety Sure Sure
Auto rental collision injury waiver Sure, secondary protection Sure, secondary protection
Journey cancellation/interruption insurance coverage As much as $1,500 per individual and $6,000 per coated journey As much as $1,500 per individual and $6,000 per coated journey
Overseas transaction payment 3% 3%
Annual payment $0 $0

You’ll discover that with each playing cards, you’ll earn 5% money again on journey booked by means of Chase Final Rewards, 3% money again on eating at eating places (together with takeout and eligible supply companies) and three% money again at drugstores. So in terms of these three classes, the Chase Freedom Limitless and the Chase Freedom Flex are fully equivalent.

However the actual distinction lies in two different areas. One is the rotating bonus classes that include solely the Chase Freedom Flex, which change every quarter. You may earn 5% money again in these rotating classes, as much as $1,500 in mixed purchases each quarter.

Examples of previous rotating classes embody fuel stations, department shops and Amazon, however within the July by means of September 2021 time-frame, the Freedom Flex bonus classes are grocery shops (excluding Goal and Walmart) and choose streaming companies.

See when you qualify for the Chase Freedom Flex bank card.

The second space the place these two playing cards drastically differ is what number of rewards you’ll earn within the non-bonus classes. That is the place the Chase Freedom Limitless has a leg up, as you’ll earn 1.5% money again on all of your purchases that don’t fall into the bonus classes, whereas the Chase Freedom Flex earns just one% for those self same purchases.

See when you qualify for the Chase Freedom Limitless bank card.

Though each playing cards promote themselves as being “money again” bank cards, they technically earn Chase Final Rewards factors that may be redeemed for money again at a fee of 1 cent per level. You may as well redeem your factors for present playing cards, or by means of packages corresponding to Amazon’s Store with Factors, which generally provides reductions to focused card holders for utilizing factors.

Associated: Lower your expenses at Amazon when utilizing your Chase bank card.

Nevertheless, when you even have a premium Final Rewards bank card — one which fees an annual payment, such because the Chase Sapphire Most well-liked Card, the Chase Sapphire Reserve or the Ink Enterprise Most well-liked Credit score Card — you possibly can switch your factors earned from the Chase Freedom Limitless or Chase Freedom Flex into these accounts.

Then you possibly can redeem your factors for journey or in different classes by means of Chase’s “Pay Your self Again” device at a considerably larger fee than simply 1 cent per level. And you may even switch your factors to any of Chase’s 13 lodge or airline loyalty packages and doubtlessly get much more worth for them.

Associated: Chase Sapphire Most well-liked vs. Chase Sapphire Reserve: Which is greatest for you?

Each the Chase Freedom Flex and Chase Freedom Limitless are providing the very same sign-up bonus. With each of those playing cards, you possibly can earn $200 in bonus money again (which is technically 20,000 Final Rewards factors) after spending $500 in your card inside the first three months after opening the account.

As a brand new card holder, you’ll additionally earn 5% money again on grocery retailer purchases (not together with Goal or Walmart) on as much as $12,000 spent within the first 12 months. Which means you can doubtlessly earn as a lot as $600 in further bonus money again when you’re a household that spends $1,000 on groceries every month.

You'll earn 5% cash back on your grocery store purchases for the first year when you get either the Chase Freedom Flex or Chase Freedom Unlimited.

iStock

You may earn 5% money again in your grocery retailer purchases for the primary 12 months if you get both the Chase Freedom Flex or Chase Freedom Limitless.

These are nice bonus provides for 2 playing cards that don’t have any annual payment. Plus, the $500 spending requirement is comparatively low, so most individuals ought to have the ability to simply meet it inside the three-month timeframe.

Click on right here for the bonus provide on the Chase Freedom Flex.
Click on right here for the bonus provide on the Chase Freedom Limitless.

Though these two Freedom playing cards are each issued by Chase, they run on totally different card networks — the Chase Freedom Limitless is a Visa, whereas the Chase Freedom Flex is a Mastercard. Which means the advantages do range fairly a bit between the 2 playing cards.

Let’s begin with the advantages that the 2 playing cards share. Each playing cards provide three months of complimentary DashPass — which is DoorDash’s meals supply subscription service — together with 5% money again on Lyft rides by means of March 2022. You’ll additionally get secondary automotive rental insurance coverage, as much as two years of prolonged guarantee safety and journey cancellation and interruption insurance coverage.

Associated: Are you utilizing the perfect bank card when ordering meals for supply?

You’ll even have entry to buy safety if you use your Chase Freedom Flex or Chase Freedom Limitless to make purchases. This profit covers any new buy towards injury or theft for 120 days, as much as $500 per declare and $50,000 per account.

However the Chase Freedom Flex additionally comes with a handful of further World Elite Mastercard advantages that you simply gained’t see on the Chase Freedom Limitless. The very best one is mobile phone insurance coverage. So long as you pay your month-to-month mobile phone invoice along with your Chase Freedom Flex card, you’re coated in case your mobile phone (or any cellphone in your month-to-month invoice) is broken or stolen.

This protection is nice for as much as $800 per declare and $1,000 per 12 months, with a $50 deductible per declare, and also you’re capped at two claims per 12-month interval. That is really the one no-annual-fee Chase bank card that gives this profitable safety.

Defend your mobile phone with the brand new Chase Freedom Flex bank card.

Different further advantages of the Chase Freedom Flex that don’t seem on the Chase Freedom Limitless embody Lyft credit, Boxed.com rewards, complimentary ShopRunner membership and bonus Fandango VIP+ factors.

Earn Lyft credits with the Chase Freedom Flex thanks to its World Elite Mastercard benefits.

Lyft

Earn Lyft credit with the Chase Freedom Flex because of its World Elite Mastercard advantages.

The bonus classes on these two playing cards ought to be fairly profitable for many individuals. Nevertheless, when you’re searching for a card that solely provides money again at an incredible flat fee, you can be higher off utilizing CNN Underscored’s benchmark bank card, the Citi® Double Money Card.

The Citi Double Money additionally has no annual payment and earns 2% money again on every little thing you purchase — 1% if you make a purchase order, and 1% if you pay it off. The Chase Freedom Limitless earns just one.5% on all purchases exterior the bonus classes, and the Chase Freedom Flex earns a good decrease 1% on these purchases.

Associated: Learn CNN Underscored’s evaluation of the Citi Double Money Card.

That being mentioned, the Citi Double Money doesn’t have any bonus classes of its personal, so when you’ve got even a small chunk of spending every month both for eating or at drugstores — and in addition within the rotating bonus classes with the Freedom Flex — you could be higher off general with one of many two Freedom playing cards.

Additionally, when in comparison with many different Chase bank cards, the 2 Freedom playing cards have restricted journey advantages. This isn’t stunning since they’re primarily money again playing cards, but when journey advantages are vital to you, you would possibly wish to as an alternative contemplate a card just like the Chase Sapphire Reserve, which comes with enhanced perks corresponding to a $300 journey credit score, airport lounge entry, a World Entry or TSA PreCheck credit score and journey delay and cancellation safety.

In fact, all these perks don’t come free. The annual payment on the Chase Sapphire Reserve isn’t small at $550 a 12 months, so that you’ll have to find out whether or not or not these perks are worthy of the worth.

Associated: Is the Chase Sapphire Reserve well worth the annual payment?

Lastly, you’ll additionally wish to steer away from utilizing both of the Chase Freedom playing cards abroad attributable to their 3% international alternate charges. These charges can add up fairly rapidly and normally will price you far more than the money again you’re incomes from utilizing the cardboard.

Begin incomes bonus rewards in your meals supply orders with the Chase Freedom Limitless.

You really can’t go fallacious with both of the 2 Chase Freedom bank cards, however relying in your wants, one card could also be higher for you than the opposite.

In the event you suppose you’ll have the ability to maximize the quarterly bonus classes of the Chase Freedom Flex, that additional 5% money again every quarter could very nicely outweigh the decrease 1% you’ll get on every little thing else exterior of the bonus classes. However keep in mind, you’ll have to preserve observe of what these classes are every quarter, together with figuring out how a lot you’ve spent in them.

However, when you don’t wish to have to fret about all that, you’ll discover that the Chase Freedom Limitless provides a easy and straightforward solution to earn bank card rewards. And whereas each Visa and Mastercard are broadly accepted in america, there are a couple of exceptions. For instance, solely Visas are accepted at Costco, so the Chase Freedom Limitless card will likely be a greater possibility when you’re a frequent Costco shopper.

That being mentioned, the Chase Freedom Flex provides considerably extra advantages than the Chase Freedom Limitless. If you need a card with mobile phone safety, the Chase Freedom Flex is clearly the winner. It provides you with peace of thoughts and doubtlessly prevent cash down the street — a particularly precious profit that’s uncommon on a no-annual-fee card.

Protect your cell phone from damage by paying your monthly bill with the Chase Freedom Flex card.

iStock

Defend your mobile phone from injury by paying your month-to-month invoice with the Chase Freedom Flex card.

However when you’re having a tough time deciding between the 2 playing cards, you may also get each. There aren’t any restrictions limiting you to having simply one of many two, and having each can provide the better of each worlds. As an example, you would possibly discover you wish to use the Chase Freedom Flex within the rotating bonus classes in addition to for its mobile phone safety, after which swap to the Chase Freedom Limitless to earn 1.5% money again on any purchases that don’t fall into the bonus classes.

Simply needless to say each of those playing cards fall beneath what’s colloquially generally known as Chase’s “5/24” rule, which suggests when you’ve been authorized for 5 or extra bank cards throughout all banks within the final 24 months, your purposes for brand spanking new bank cards from Chase will likely be robotically denied.

However that gained’t apply to most individuals who solely get a bank card or two each few years, so when you’re contemplating whether or not a brand new bank card is sensible, take into consideration whether or not the Chase Freedom Flex or the Chase Freedom Limitless — or each — match the invoice.

Study extra and apply now for the Chase Freedom Flex bank card.
Study extra and apply now for the Chase Freedom Limitless bank card.

Discover out which playing cards CNN Underscored selected as our greatest bank cards of 2021.

Get all the most recent private finance offers, information and recommendation at CNN Underscored Cash.

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