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The Chase Freedom FlexSM earns 5% cash back on up to $1500 in eligible combined purchases in rotating categories, 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1% on all other purchases.
There’s an initial offer to earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
For the third quarter – July 1, 2021 through September 30, 2021 – Chase Freedom FlexSM and the legacy Freedom card earn 5x at grocery stores (excluding Target and Walmart) and select streaming services.
The $1500 in a quarter of spend at 5x is 7500 points or 6000 more than you’d otherwise earn with the card. Do this each quarter and you’re picking up 24,000 extra points per year.
Registration for this quarter’s 5x categories is required, starting in a day or so.
While Chase Freedom FlexSM points do not transfer directly to airline or hotel programs, you can combine them into a Chase Sapphire Preferred® Card or Chase Sapphire Reserve® account, and from there to participating airline or hotel loyalty programs.
I love earning 5 points per dollar spent in several categories that I’m able to move to United, Singapore, or Hyatt along with other Chase partners (or you can use them towards the Sapphire Reserve/Preferred’s ‘Pay Yourself Back’ feature for statement credits against eligible spend). Of course Chase’s 5/24 applies, you can generally only get approved if you’ve had fewer than 5 new cards in the last 24 months.
I have intended to convert my legacy Freedom card to a Chase Freedom FlexSM. I really don’t have a good reason not to.