Money Analysed

Chasing Rewards: Which is the Best Chase Freedom Card for You?

Chase Freedom Unlimited vs. Chase Freedom Flex: Which Card is Right for You?

Are you in the market for a new credit card that offers cashback rewards and other benefits? If so, you might be interested in the Chase Freedom Unlimited and Chase Freedom Flex.

Both cards have their similarities and differences, and well help you understand them in this article.

Sign-up Bonus

When it comes to sign-up bonuses, both the Chase Freedom Unlimited and Chase Freedom Flex offer a similar deal. Currently, both cards offer a $200 cashback bonus after spending $500 in the first three months of account opening.

So, if a sign-up bonus is your priority, both cards are equal.

Earning Rates

Now, lets talk about earning rates. If you are looking for a card that gives you cash back on everyday purchases, then both of these cards can fit the bill.

The Chase Freedom Unlimited offers an uncapped 1.5% cashback on all purchases, while the Chase Freedom Flex offers cashback on rotating categories such as dining, drugstores, and travel (up to $1,500 per quarter), and 1% cashback on all other purchases.

Redemption Methods

Both cards offer similar redemption methods allowing you to redeem cashback rewards as statement credits, gift cards, and travel through the Chase Ultimate Rewards program. If you are a frequent traveler, with the Chase Freedom Flex card, you can redeem your rewards points through the Chase Ultimate Rewards program, where 1 point is worth 1 cent.

If you redeem your rewards for travel through the Ultimate Rewards program, they can be worth 25% more.

Annual Fee

One difference between these cards is that Chase Freedom Unlimited does not have an annual fee, while Chase Freedom Flex has an annual fee of $0, making the former a more attractive option for those who are not interested in paying for the privilege of having a rewards credit card.

Travel Perks

When it comes to travel perks, both cards offer similar benefits. These include trip cancellation and interruption insurance, primary auto rental collision damages waiver, and travel and emergency assistance services.

With these benefits, you can have peace of mind knowing that you are protected if any inconvenience happens during your travels.

Annual Credits

Neither of these cards offers any type of annual credits. Some competing cards offer benefits such as $100 annual credits towards travel or dining, but those benefits would come with an annual fee.

Other Benefits

Both the Chase Freedom Unlimited and Chase Freedom Flex offer additional benefits, such as purchase protection and extended warranty protection. With purchase protection, any purchases you make with either card are protected against theft and damage for a certain period.

Extended warranty protection will provide an extra year of warranty on eligible purchases made with either card. The Chase Freedom Flex also offers a 3-month free trial of DashPass, which offers free delivery on orders from DoorDash and reduced service fees on eligible orders.

Foreign Transaction Fees

One other difference between these cards is that Chase Freedom Flex has a foreign transaction fee of 3%, while Chase Freedom Unlimited does not have one. If you travel abroad frequently or plan to make international purchases, the Freedom Unlimited card might be the better option.

What Both Cards Excel At

Both the Chase Freedom Unlimited and Chase Freedom Flex excel at providing a welcome bonus, offering cashback rewards, having no annual fee, and redemption options through the renowned Chase Ultimate Rewards program. The additional benefits of both cards, such as purchase protection and extended warranty protection, can also provide you with peace of mind that your purchases are covered.

In conclusion, when comparing the Chase Freedom Unlimited vs. Chase Freedom Flex, it’s evident that they are both excellent options for those seeking a rewards credit card.

The final choice depends on the user’s lifestyle and spending habits. If you want a card with a fixed cashback option and no annual fee, go for the Chase Freedom Unlimited.

Otherwise, the Chase Freedom Flex’s cashback on rotating categories could provide a more significant reward, even with the annual fee. Consider your priorities carefully and choose what suits you best.

Chase Freedom Unlimited vs. Chase Freedom Flex: 4 Important Differences to Consider

Are you trying to decide between the Chase Freedom Unlimited and the Chase Freedom Flex?

Both cards come with several similarities and some differences that may influence your choice. In this article, well dive into four critical differences between these cards and help you choose the right one for you.

1. Visa vs.

Mastercard

The first notable difference is the payments network each card uses. The Chase Freedom Unlimited is a Visa card, while the Chase Freedom Flex is a Mastercard.

Not many merchants accept one card type over the other anymore, but the acceptance may differ depending on where you are using the card. That means it might be worth having at least one of both card types in your wallet to make sure that you’re always covered.

2. Earning Potential

The Chase Freedom Flex offers higher earning potential as it comes with rotating bonus categories that change every quarter.

These rotating categories offer 5% cash back on up to $1,500 in combined purchases per quarter. On the other hand, the Chase Freedom Unlimited, comes with an unlimited flat rate of 1.5% on all purchases.

The difference here is the higher earning potential with the Chase Freedom Flex as long as you are willing to keep up with the rotating categories. Still, the Chase Freedom Unlimited can be an excellent option for those who prefer simplicity over maximizing rewards.

3. Additional Perks

Both cards offer additional perks that come with sign-up bonuses and cashback rewards.

However, the Chase Freedom Flex offers a few additional benefits not available on the Chase Freedom Unlimited. These perks include a 3-month free subscription to DashPass, which offers free delivery on select food delivery apps, and Fandango, which can help you save up to $5 on movie tickets.

Additionally, the Chase Freedom Flex comes with a $20 monthly Lyft credit, ShopRunner perks for free two-day shipping, and discounts at Boxed. Finally, the card also includes cell phone protection, which can reimburse up to $800 per claim and $1,000 per year for mobile phone damage or theft.

If these additional perks sound like something youd enjoy, they could make the Chase Freedom Flex the right choice for you. 4.

Simplicity vs. Maximization

The final difference to consider between the two credit cards is whether you prefer simplicity or might be willing to go the extra mile to maximize earnings.

The Chase Freedom Unlimited is all about simplicityit offers a flat rate of 1.5% on all purchases without having to keep up with rotating categories that change every quarter. On the other hand, the Chase Freedom Flex offers much higher earning potential but requires that you keep up with spending categories that change every quarter.

If you dont want to keep up with rotating categories, then the Chase Freedom Unlimited might be a better fit for you. Which Card Should You Choose?

Now that you know the critical differences between the Chase Freedom Unlimited and the Chase Freedom Flex, it’s time to consider your spending habits and long-term financial goals. Are you someone who prefers simplicity and is willing to exchange a little bit of earning potential for it?

If so, the Chase Freedom Unlimited is the better option. Alternatively, are you interested in earning more cashback rewards and maximizing your earning potential?

In that case, the Chase Freedom Flex is a better pick.

Advantages of Having Both Cards

Suppose you find it challenging to pick one card over the other. In that case, it’s worth considering getting both cards.

Not only will you enjoy the benefits and earnings of both cards, but you’ll also maximize your earning potential with two-fifths of the Chase trifecta. That way, you can combine the rewards with either the Chase Sapphire Preferred or the Chase Sapphire Reserve for even more lucrative travel redemptions.

Remember to keep your spending within your budget and pay off your balances on time every month to avoid incurring unnecessary interest charges.

In conclusion, choosing between the Chase Freedom Unlimited and the Chase Freedom Flex depends on your spending habits, financial goals, and lifestyle in general.

Both cards come with several benefits, and the choice comes down to whether you prefer simplicity or maximization. If you’re still not sure which one is for you, consider adding both cards to your wallet to maximize your earning potential and combine them with the Chase Sapphire Preferred or Reserve.

Chase Freedom Unlimited vs. Chase Freedom Flex: Frequently Asked Questions

Choosing a credit card can be overwhelming, and you may have a lot of questions.

Here are some frequently asked questions about the Chase Freedom Unlimited and Chase Freedom Flex cards to help you make an informed decision. 1.

Can I have both the Chase Freedom Unlimited and Chase Freedom Flex? Yes.

In fact, having both of these cards can help maximize your earning potential. Both cards offer unique cashback rewards and benefits, and combining them can help you earn even more rewards and combine them with other Chase cards in the unbeatable Chase trifecta.

2. What is the Chase 5/24 rule?

The Chase 5/24 rule means that Chase will deny your new credit card application if you have opened five or more credit card accounts (from any bank) within the past 24 months. So, before applying for either the Chase Freedom Unlimited or Chase Freedom Flex, make sure you are well under this threshold.

3. What are the Chase Freedom bonus categories, and how do they work?

The Chase Freedom Flex offers bonus cashback in rotating categories that change every quarter. Categories may include dining, grocery stores, gas stations, and more, and you can earn up to 5% cash back on up to $1,500 of spending per quarter.

You must activate these offers every quarter to take advantage of them, and the activation deadline is usually a few weeks before the quarter begins. Once you activate a bonus category, you have that quarter to earn the additional cashback.

4. How do I activate the Chase Freedom bonus categories?

To activate the Chase Freedom bonus categories, youll need to log in to your account and click on the Activate Now button next to each quarterly category. You can also activate by calling the phone number on the back of your card.

5. What happens if I don’t activate the Chase Freedom bonus categories?

If you don’t activate the quarterly bonus category, you won’t earn additional cashback rewards on purchases made in that category. Its essential to mark your calendar and remember to activate the categories each quarter to maximize your earnings potential.

6. Can I redeem my cashback rewards for anything other than statement credits?

Yes. With both the Chase Freedom Unlimited and Chase Freedom Flex, you can redeem your cashback rewards for statement credits or as a direct deposit to an eligible bank account.

Additionally, with the Chase Freedom Flex, you can convert your cashback rewards into Chase Ultimate Rewards points, which can then be redeemed for travel rewards, gift cards, merchandise, and more. 7.

Are there any limits on the cashback rewards I can earn? With the Chase Freedom Unlimited, there is no cap on cashback rewards, but the earning rate is only 1.5% on all purchases.

With the Chase Freedom Flex card, you can earn up to 5% cashback in rotating categories up to $1,500 in spending per quarter, but you will earn 1% cashback in other purchases.

8.

Do these cards have an annual fee? No. Neither the Chase Freedom Unlimited nor the Chase Freedom Flex charge an annual fee, making it a perfect card of choice for rewards beginners.

In conclusion, both the Chase Freedom Unlimited and the Chase Freedom Flex offer impressive rewards and benefits that can help maximize your earnings. By having both cards, you can activate all the rotating categories and permanently achieve a consistent 1.5% cashback on all purchases.

Keep in mind that your spending habits should be the most significant factor when choosing a card, and align with ongoing category bonuses to get the most rewards. Always pay your balance monthly and activate bonus categories early enough to avoid leaving any rewards on the table.

In conclusion, the article discusses the critical differences between the Chase Freedom Unlimited and the Chase Freedom Flex cards. These cards have several similarities but come with unique features, benefits, and drawbacks.

To choose the right card, consider your spending habits, financial goals, and lifestyle in general. Having both cards can help maximize your earning potential by combining the rewards, but you must activate the rotating categories to avoid leaving any rewards on the table.

Whichever card you choose, remember to stay within your budget and pay your balances monthly to avoid incurring unnecessary interest charges. Finally, always keep an eye on the Chase 5/24 rule to ensure your new credit card application is approved.

Popular Posts