Chase’s array of private bank card merchandise ranges from the ultra-premium Chase Sapphire Reserve to the “money again” Chase Freedom Flex and Chase Freedom Limitless playing cards, which do not cost annual charges. With so many choices, choosing the right card may be tough in case you aren’t positive what you need.
Because of Chase’s 5/24 rule (which signifies that you could possibly robotically be rejected for many Chase playing cards in case you’ve opened 5 or extra playing cards within the final 24 months), it is essential to have a transparent technique about which Chase playing cards you need to add to your pockets.
At present, we’re taking a look at two of Chase’s no-annual-fee bank cards — the Chase Freedom Flex and Chase Freedom Limitless. By themselves, each earn factors that may solely be redeemed as money again at 1 cent per level. Nonetheless, you may pair both card with a extra premium Chase Final Rewards card, such because the Chase Sapphire Most popular Card, to show these factors into full-fledged Final Rewards factors. Then, you may redeem the factors by means of the Chase Final Rewards journey portal or by transferring them to companions.
Let’s evaluate every card’s particulars to see which makes extra sense for you.
Chase Freedom Flex vs. Chase Freedom Limitless comparability
| Card | Chase Freedom Flex | Chase Freedom Limitless |
|---|---|---|
| Annual price | None | None |
| Signal-up bonus | Earn $200 money again after you spend $500 on purchases within the first three months from account opening | Earn an extra 1.5% on all purchases as much as $20,000 spent within the first yr. That is a price of as much as $300 money again. |
| Incomes fee | 5% money again on as much as $1,500 in mixed purchases in bonus classes every quarter you activate
5% money on journey booked by means of Chase Final Rewards 3% money again on eating (together with takeout & eligible supply companies) 3% money again at drugstores 1% money again on all non-category bonus purchases |
5% money on journey booked by means of Chase Final Rewards
3% money again on eating (together with takeout & eligible supply companies) 3% money again at drugstores 1.5% money again on all non-category bonus purchases |
| Advantages | Journey cancellation/interruption insurance coverage
Main auto rental collision harm waiver Prolonged guarantee safety Journey and emergency and help companies Buy safety Cellphone safety |
Journey cancellation/interruption insurance coverage
Main auto rental collision harm waiver Prolonged guarantee safety Journey and emergency and help companies Buy safety |
| Redemption choices | Redeem factors as money again, or switch them to Final Rewards factors in case you additionally maintain a premium Chase card | Redeem factors as money again, or switch them to Final Rewards factors in case you additionally maintain a premium Chase card |
Chase Freedom Flex vs. Chase Freedom Limitless welcome bonus
The Freedom Flex presents a sign-up bonus of $200 money again after spending $500 on purchases within the first three months from account opening. At face worth, this bonus is value $200; nevertheless, in case you additionally maintain a premium Chase card and switch your factors, they are often value $410, based on TPG’s valuations.
The Freedom Limitless presents an extra 1.5% on all buy classes in the course of the first yr as much as $20,000. At face worth, this bonus may be value as much as $300; nevertheless, in case you additionally maintain a premium Chase card, it may be value $615, based on TPG’s valuations.
Winner: Freedom Limitless
Chase Freedom Flex vs. Chase Freedom Limitless advantages
The Freedom Flex and Freedom Limitless each supply journey cancellation/interruption insurance coverage, major auto rental collision harm waiver, prolonged guarantee safety, journey and emergency and help companies, and buy safety.
Nonetheless, the place the 2 playing cards differ is the advantage of cellphone safety with the Freedom Flex, which is a Mastercard, not a Visa. Cardmembers can stand up to $800 per declare and $1,000 per yr (most of two claims in a 12-month interval with a $50 deductible per declare).
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Whereas there aren’t too many earth-shattering variations, Mastercard’s cellphone safety is the large — and extremely fascinating — perk between the 2.
Winner: Freedom Flex
Incomes money again with the Chase Freedom Flex vs. Chase Freedom Limitless
These bank cards are cash-back-earning playing cards. They each supply 5% money on journey booked by means of Chase Final Rewards, 3% money again on eating (together with takeout and eligible supply companies) and three% money again at drugstores.
The place they diverge is that whereas the Freedom Limitless has a flat 1.5% incomes fee on all non-bonused spending (in comparison with simply 1% with the Freedom Flex), the Freedom Flex presents 5% money again on as much as $1,500 in rotating quarterly bonus classes, like fuel stations, Amazon.com and PayPal.
The Freedom Limitless is the better choice, whereas the Freedom Flex requires you to activate the bonus classes each quarter.
Winner: Tie. It is dependent upon whether or not you need to put within the work to maintain up with quarterly rotating bonus classes with the Freedom Flex or simply go for a easy flat fee with the Freedom Limitless.
Redeeming money again with the Chase Freedom Flex vs. Chase Freedom Limitless
Redeeming your hard-earned money again with both bank card is sort of easy. The standard choices are to redeem for assertion credit score or direct deposit into most U.S. checking and financial savings accounts. As well as, you may redeem the worth of your money again as present playing cards to over 175 manufacturers provided by Chase.
“Store by means of Chase” is another choice the place factors may be utilized straight for purchases on Chase’s companion web sites, akin to Amazon.com. You may also ebook journey by means of the Chase Journey Portal to cowl airfare, resort stays, and rental automobiles by paying completely with factors or a mix of factors and money. In these situations, you redeem at one cent per level.
Winner: Tie
Transferring money again with the Chase Freedom Flex vs. Chase Freedom Limitless
A greater solution to redeem your money again from both Freedom Flex or Freedom Limitless is to switch it to one in all Chase’s premium journey playing cards, making the most of the Chase Trifecta.
These playing cards embrace the Chase Sapphire Most popular Card, Ink Enterprise Most popular Credit score Card, and the Chase Sapphire Reserve. The worth of your factors is elevated by 25% when transferred to the Sapphire Most popular or Ink Enterprise Most popular to redeem journey by means of the Chase Portal. Being a cardholder of the Sapphire Reserve provides you a 50% improve when transferred to that card and redeeming factors for journey.
For much more worth, you may switch these mixed factors from one of many three playing cards to any one in all Chase’s 14 switch companions.
Winner: Tie
Ought to I get the Chase Freedom Flex vs. Chase Freedom Limitless?
Backside line
Whether or not you go for the Freedom Flex or Freedom Limitless, these playing cards match properly into nearly each kind of bank card technique. For those who’re new to the world of factors and miles and have a extra restricted credit score historical past, these playing cards are simpler to get permitted for than premium playing cards such because the Chase Sapphire Reserve.
They will additionally enable you to construct a powerful relationship with Chase whereas incomes beneficial rewards — resist the temptation to redeem them for money again till you get a Sapphire card later. Even in case you’re a extra superior award traveler, you may get numerous worth from these playing cards.
The Chase Freedom Limitless is likely one of the greatest playing cards for on a regular basis spending with its 1.5% return. And the Freedom Flex can be value preserving round for the rotating quarterly bonus classes.
Official utility hyperlink: Chase Freedom Limitless
Official utility hyperlink: Chase Freedom Flex
