Credit Card Reviews

Chase Freedom Credit Cards

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The Chase Freedom credit card lineup provides a couple solid options for those who are looking for an all-in-one rewards card. With its competitive cash back rates on everyday purchases, the Chase Freedom credit cards offer plenty of flexibility and value to help you save money or earn Chase points. Chase offers three different versions: the Chase Freedom Unlimited, the Chase Freedom Flex and Chase Freedom Rise. This article will take a look at all three credit card options, benefits/perks offered for each card and the best way to earn points or cash back on purchases. With many features and rewards to offer, the Chase Freedom credit cards are an appealing choice for budget-savvy shoppers or those looking to boost their Ultimate Rewards points balance.

Chase Ultimate Rewards

Points earned from the Chase Freedom cards can be redeemed for statement credits and direct deposits into your bank account, or kept as Ultimate Rewards points and combined into your point balance with other Chase products. Each point is worth 1 cent if redeemed for cash. All of your cash-back points are stored in one convenient place: Chase Ultimate Rewards. With this program, you can easily access and manage your points to make sure they’re working for you.

Chase Freedom Unlimited

The Chase Freedom Unlimited credit card is a great option for those just starting out with points and rewards. It’s easy to obtain approval and helps you develop a relationship with Chase, which can lead to being eligible for more rewarding cards like the Chase Sapphire Preferred or Chase Sapphire Reserve. Benefits offered with the Chase Freedom Unlimited:

  • No annual fee
  • Earn $200 / 20,000 points after spending $500 on purchases in the first 3 months. Additionally, for a limited time, cardholders will earn 5% cash back on gas station and grocery store purchases in the first year of card activation. This benefit does not include purchases at Walmart or Target and has a cap at $12,000.
  • Purchase protection – Covers your new purchases for 120 days against damage or theft up to $500 per claim and $50,000 per account.
  • Earn 5% / 5x points on travel purchased through Chase Ultimate rewards booking site.
  • Earn 3% / 3x points on dining at restaurants including takeout and delivery service.
  • Earn 3% / 3x points on drugstore purchases.
  • Earn 1.5% / 1.5x on all other purchases.
  • Cash back rewards will not expire as long as your account is active
  • Receive 3 months complimentary DoorDash membership with $0 delivery fees and 50% off membership for the additional 9 months.
  • Earn 5% cash back on Lyft Rides through March, 2025.
  • Complimentary 3 month Instacart membership with a $10 quarterly statement credit through July, 2024.
  • Auto rental collision damage waiver (secondary to your personal insurance)
  • Extended warranty protection (extends US manufacturer warranty by 1 yr for warranties of 3 yrs or less)
  • Free credit score

Unfortunately, Chase does list a 3% foreign transaction fee, which is a negative aspect to these credit card options. Nonetheless, the amount of cash back you can earn on travel, dining and drug store purchases can easily outweigh this negative point – especially if you don’t plan to use the card abroad.

Chase Freedom Flex

The Chase Freedom Flex credit card is an option for those looking to get the most out of their spending. It’s slightly different but still similar to the Chase Freedom Unlimited credit card. In regard to 5% cash back earning potential, the Chase Freedom Flex offers more variety. Benefits include:

  • Earn $200 / 20,000 points after spending $500 on purchases in the first 3 months. Additionally, for a limited time, Freedom Flex cardholders will also be able to earn 5% cash back on gas station and grocery store purchases in the first year of card activation. This benefit does not include purchases at Walmart or Target and has a cap at $12,000.
  • Earn 5% / 5x points on travel purchased through Chase Ultimate Rewards.
  • Earn 3% / 3x points dining at restaurants, including take out and delivery.
  • Earn 3% / 3x points on drug store purchases.
  • Earn 1% back or 1 point per dollar on all other purchases.
  • No annual fee.
  • DoorDash, Lyft and Instacart offers listed with the Chase Freedom Unlimited is also included as well as all of the Protection benefits.
  • Cash back rewards won’t expire as long as your account is active
  • Refer a friend to any participating Chase Freedom credit card and earn $50 cash back per person that enrolls. This perk has a cap at $500 per year.

The Chase Freedom Flex offers even more ways to earn cash back rewards than the Freedom Unlimited. With the Flex you will get 5% cash back / 5x points on up to $1,500 of cumulative purchases in BONUS CATEGORIES such as gas stations, grocery stores and other, rotating eligible online merchants each quarter. This allows you to maximize your rewards potential. With the Chase Freedom Flex card, you will be able to take advantage of more ways to save with your everyday spending. Make sure to keep an eye out for the updated Bonus Categories throughout each quarter so that you don’t miss out on any rewards, which can be viewed on the 5% cash back calendar. And you must “register” for the bonus categories each quarter through a 1-click activation e-mail sent by Chase or through their website.

Chase Freedom Rise

The Chase Freedom Rise credit card is as basic as credit cards get. Benefits include:

  • Earn $25 statement credits after signing up for the Chase automatic payment option within 3 months of activating account.
  • Earn 1.5% cash back on all purchases.
  • Free credit score
  • No annual fee
  • Credit limit increase will be evaluated by Chase after 6 months of card activation date.
  • Cash back rewards will not expire as long as cardholders account remains open.
  • Trip cancellation/Interruption Insurance: Cardholder can be reimbursed up to $1,500 per person and $6,000 per trip. In order to be covered, cardholders will need to have their trip pre-paid and non-refundable. Additionally, the trip must be canceled for a qualifying reason such as sickness or sever weather.
  • Earn 5% cash back on Lyft Rides through March, 2025.

The Chase Freedom Rise card is designed to help a young adults with little to no credit history build credit and teach this individual how to use and manage credit cards responsibly. It does hold some value in that cardholders are tapping into a 1.5% cash back reward on purchases. However if you’re a young aged responsible spender, it may be possible to apply for other credit card options with greater rewards such as American Express Gold, Bank of America Travel Rewards or United Airlines Mileage Plus credit cards.

Pooling Points

Chase Ultimate Rewards points can be transferred to anyone in your household. This includes any partners or family members who share an account with you, and transfers should process quickly. It’s important to note that there are no fees associated with pooling Ultimate Rewards points. Furthermore, Chase Freedom Flex cardholders can take advantage of the 5% cash back on purchases that change quarterly – making this an attractive way to boost your rewards. With a little planning and coordination, pooling Ultimate Rewards points with family members can be an excellent way to take full advantage of the Ultimate Rewards program.

Final Thoughts

No matter which one you choose, the Chase Freedom Credit cards offer plenty of benefits and cash back options, so you can always make the most of your purchases. Whether you choose the Freedom Unlimited, Flex or Rise, you’re sure to profit from cash back rewards on every purchase. The Flex card offers everything the Unlimited card does with the exception of 1.5% (1.5x points) on non-dining, non-travel or non-drugstore purchases. Additionally, the Flex card offers those 5x rotating point / cash back bonuses each quarter — offering a way to earn potentially 24,000 extra points over the Unlimited card each year. Finally, if you have one of the Chase Sapphire cards, adding the Flex card could be another way to boost your Ultimate Rewards balance through those bonus categories.

Editorial Note: Information and opinions articulated in this article are solely those of the author’s, not those of a credit card company, bank, airline or hotel chain. This article has not been reviewed or approved by or otherwise endorsed by any of these companies or organizations.

Travis is a Senior Editor at Miles Junkie. An avid outdoorsman, you'll see him shredding the slopes of Colorado in the winter and cutting rounds to heat his home in the national forests during the summer. He lives with his wife and three dogs in southwest Colorado.

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