Why Chase Freedom Flex is the Best Starter Credit Card | Summary and Q&A

TL;DR

The Chase Freedom Flex is a high-value starter credit card that offers cash back rewards and a zero percent APR offer. It has a generous welcome bonus and no annual fee.

Key Insights

• ✋ The Chase Freedom Flex offers high-value rewards, especially with its rotating quarterly category.
• 👀 The card has a zero percent APR offer and a generous welcome bonus, making it attractive for those looking to save on interest and earn cash back.
• 🎴 It is important to activate the rotating quarterly categories manually and to consider the limitations and benefits of the card compared to other options in the market.
• 💳 Getting approved for the card requires a decent credit score, but the application process is straightforward and there are strategies to increase approval chances.

Transcript

so I've made a lot of videos about credit cards here on this channel and there's one card that stays popping up and of card that I actually haven't made a video on in quite a long time and that is going to be the Chase Freedom Flex now this card here is one that I want to do a full review on because it is one of the highest value starter credit car... Read More

Questions & Answers

Q: How does the rotating quarterly category work on the Chase Freedom Flex?

The rotating quarterly category offers 5% cash back on specific spending categories, such as gas stations, EV chargings, and select live entertainment. Users need to activate the categories manually and the 5% cash back applies to the first $1,500 in quarterly spending.

Q: What are the pros and cons of the Chase Freedom Flex compared to other cards?

The pros of the Chase Freedom Flex include high welcome bonuses, diverse cash back multipliers, and the no annual fee. The cons include the limitation of 5% cash back on travel via the Chase Ultimate Rewards portal and the varying usefulness of the rotating categories.

Q: How does the Chase Freedom Flex compare to the Capital One SavorOne card and the US Bank Cash Plus card?

The Chase Freedom Flex offers higher welcome bonuses and more cash back diversity compared to the Capital One SavorOne card. Compared to the US Bank Cash Plus card, the Chase Freedom Flex is easier to get approved for, has a lower spending requirement for the welcome bonus, but has a lower quarterly cap for the rotating categories.

Q: What are the eligibility criteria for the Chase Freedom Flex?

To get approved for the Chase Freedom Flex, it is generally recommended to have a good credit score of at least 670. However, the card is meant for beginners, so even those with lower credit scores have a good chance of getting approved.

Summary & Key Takeaways

• The Chase Freedom Flex offers 5% cash back on travel, 3x back on dining and drugstore purchases, and 1x back on everything else.

• The card's main feature is the rotating quarterly category that offers 5% cash back. Users need to manually activate the categories to earn the cash back.

• The card has a zero percent APR offer on purchases and balance transfers for the first 15 months, and it has a generous welcome bonus of $200 cash back.