Chase Credit Card Lineup Replenishment: New Freedom Flex Card
The other day Chase announced some changes to their cashback credit card lineup, introducing the Chase Freedom Flex credit card. The new Mastercard credit card boasts no annual fee, 0% intro APR on purchases for 15 months, and a variable 14.99% – 23.74% ongoing APR. Applications for the offer are supposed to be accepted starting September 14.
Here’s what cash back rewards the card will come with:
- 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate;
- 5% cash back on travel purchased through Chase Ultimate Rewards;
- 5% cash back on Lyft rides through March 2022;
- 3% cash back on dining at restaurants, including takeout and eligible delivery services;
- 3% cash back on drugstore purchases;
- 1% cash back on all other purchases.
The rewards do not expire as long as the account is open and have no required redemption minimum. Moreover, new cardholders are offered to earn a $200 sign-up bonus after spending $500 on purchases within the first three months from account opening.
In addition to the $0 annual fee, cash back, and welcome bonus, the Freedom Flex card includes World Elite Mastercard benefits like trip cancellation/interruption insurance, cellphone protection, free access to a credit score, Lyft, Boxed, ShopRunner and Fandango perks, and more. Flex card owners can also count on complimentary 3 months of DashPass to get unlimited deliveries for a $0 delivery fee on DoorDash orders over $12 and a 50% discounted subscription for the following 9 months.
The new card will come to replace the good old Chase Freedom. In mid-September, Chase will no longer accept new applications for this credit card. Existing holders of the Freedom card will still be able to either continue using it or choose to switch to the new Flex credit card. In case of switching, the current Chase Freedom 5% cash back categories will move on as well.
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