Chase Freedom card review: All 3 versions offer solid rewards for no annual fee, but only 2 are available to new applicants

Chase Freedom vs. Chase Freedom Unlimited 2X1

Summary List Placement
There are three main versions of the Chase Freedom card, but only two — the Chase Freedom Unlimited® and Chase Freedom Flex℠ — are available to new applicants.
If you have the original Chase Freedom®, you can still keep it and take advantage of its benefits.
Some cardholders choose to keep the Chase Freedom® and add another flavor of Freedom card to make the most of category bonuses and maximize rewards.
The right Chase Freedom card for you depends on your spending habits — and whether you want to earn up to 5x rotating quarterly bonus categories or prefer a straightforward rewards structure.

Read Business Insider’s guide to the best Chase credit cards.

For years, the Chase Freedom® card was a consumer favorite and set the standard for flexible rewards credit cards with no annual fee. While it’s no longer available to new applicants, existing Chase Freedom® cardholders can keep their card as is or switch to one of the two newer Freedom cards that are open to applications.

It’s also possible to have more than one Freedom card, so some choose to keep their Chase Freedom® and open a second Freedom card (the Chase Freedom Unlimited® or  Chase Freedom Flex℠) to take advantage of more opportunities for earning in bonus categories.

If you’re thinking of applying for a new Freedom card, or switching your existing Chase Freedom® to one of the updated versions, you’ll want to take your spending patterns and rewards-earning preferences into consideration. Here’s everything to know before you make a decision.

Table of Contents: Masthead StickyReview: Which Chase Freedom card is best for you?

If you’ve already got the old Chase Freedom® in your wallet, you’re earning an uncapped 1% cash back (1x points) on all purchases, and 5% back (5x) on up to $1,500 in combined spending in categories that rotate every quarter when you activate the bonus (then 1x). That’s a solid rate of return, but the newer Chase Freedom Flex℠ offers even better earning.

Chase Freedom Flex℠Chase Freedom Flex: 5x rotating categories and bonus rewards for everyday spending

The Chase Freedom Flex℠ mirrors the legacy Chase Freedom® in many ways but offers expanded bonus categories. It comes with a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening and earns 5% back (5x points) on travel purchases made through the Chase Ultimate Rewards travel portal, 3% back (3x points) on drugstores and dining, and 1% back (1x points) on all other purchases.


Like the old Freedom, the Chase Freedom Flex℠ offers 5% back (5x) on up to $1,500 in combined spending in categories that rotate every quarter when you activate the bonus. For example, from January through March 2021, cardholders can earn 5x rewards up to the spending limit on internet, cable, phone, and streaming services and at wholesale clubs. These categories are especially handy during the pandemic, so it shouldn’t be hard for most people to maximize their …read more

Source:: Business Insider


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