Chase Announced New Freedom Flexi Card for Cardholders
In 2020, Chase launched the Freedom Flexi Mastercard with no annual fee and rotating quarterly bonus categories. Cardholders earn 5% cashback on travel through Chase Ultimate Rewards, cashback on dining and an extra 3% at drug stores, 5% back on Lyft rides, a complimentary three-month DashPass membership, and cell phone protection — with quarterly cashback capped at $1,500 in spending.
Scope: For consumers and business owners following credit card industry news and the 2020 launch of Chase's Freedom Flexi card.
Chase Launches a New Card While Others Cut Limits
Chase is leading the online payment industry forward. It is one of the best-known financial services firms operating globally, offering commercial banking, investing, retirement planning, auto loans, mortgages, and credit cards. Considering the situation in 2020, where credit card companies were cutting credit card limits, Chase came out with a new credit card for its customers.
The COVID-19 Shift to Online Transactions
After the arrival of COVID-19, people started giving more importance to online transactions. According to a report, the number of online credit card transactions at various online marketplaces was elevated to a different level.
COVID-19 brought several changes, one of them being social distancing. People maintained social distancing while small merchants closed their retail outlets, so in-person shopping opportunities shrank. But online marketplaces boomed as consumers moved their purchases online.
Freedom Flexi Cashback and Rotating Categories
The best part of this card is that it has no annual fee, and this Mastercard comes with rotating bonus categories. Customers get extra cashback on every purchase. Cardholders earn 5% cashback on travel spending, delivered through Chase Ultimate Rewards.
There are many other offers customers can access by spending in different categories: the Chase Freedom Flexi cardholder gets cashback for spending on dining, plus an extra 3% cashback for spending at drug stores.
Freedom Flexi cardholders get cashback on up to $1,500 in spending, with categories rotating each quarter. The offers are quite similar to those of the Chase Freedom Card, a very popular card that gives cashback in categories such as groceries, gas, and Amazon purchases.
Lyft, DashPass, and Cell Phone Protection
Chase Freedom Flexi credit cardholders also get 5% cashback for spending on Lyft rides.
Cardholders receive a complimentary three-month DashPass membership; after this complimentary period, customers are enrolled in a DashPass 50%-off offer for the next nine months.
Another important feature coming with the Chase Freedom Flexi is cell phone protection — a genuinely useful perk for cardholders in the 21st century.
Frequently asked questions
Does the Chase Freedom Flexi card have an annual fee?
No. The Freedom Flexi Mastercard launched with no annual fee, paired with rotating quarterly bonus categories and cashback on every purchase.
What cashback does the Chase Freedom Flexi card offer?
Cardholders earn 5% cashback on travel through Chase Ultimate Rewards, cashback on dining, an extra 3% at drug stores, and 5% back on Lyft rides. Cashback applies to up to $1,500 in quarterly spending, with categories rotating each quarter.
What extra perks come with the Freedom Flexi card?
Beyond cashback, cardholders get a complimentary three-month DashPass membership followed by nine months at 50% off, plus cell phone protection.
How does the Freedom Flexi compare to the Chase Freedom Card?
The offers are quite similar. The popular Chase Freedom Card gives cashback in categories such as groceries, gas, and Amazon purchases, while the Freedom Flexi adds rotating quarterly categories, travel rewards, Lyft cashback, and DashPass perks with no annual fee.
