Search

Trending Searches [no keyword]brexchaseAmex 18SparkciticreditJourney Platinum

Generic filters
Filter







Trending Searches E-WalletSmart card0% APRChase BusinessGas

Select Page

Big Changes Coming To The Chase Freedom and Freedom Unlimited Cards

- Aug 31, 2020 Credit Card Info4 comments

The Big Redo And Editions To Chase Freedom And Chase Freedom Unlimited

There’s good stuff coming to the Chase Freedom cards. The changes will be going into effect on September 15, 2020. Chase Freedom will be fully revamped into a MasterCard instead of a Visa, and will get a new name, Freedom Flex! It’ll be easier to distinguish the two Freedom cards once the names aren’t as similar to each other as before. Also, coming to both the Freedom Flex and the Freedom Unlimited, are new and exciting rewards.

New card Freedom Flex

The Freedom Flex will be a new card product that will replace the current Chase Freedom card.

Here is the new reward structure:

  1. You will earn 5% per $1 spent on quarterly categories similar to the current Chase Freedom card.
  2. You will earn 5% per $1 spent on Lyft rides, through March 2022
  3. New! You will earn 5% per $1 spent on travel purchases through Chase Ultimate Rewards
  4. New! You will earn 3% per $1 spent on dining
  5. New! You will earn 3% per $1 spent in drug stores
  6. You will earn 1% per $1 spent on everything else

The card will be a MasterCard World Elite card so it will also come with the standard MasterCard World Elite benefits

  • Cell Phone Insurance – Pay your monthly cell phone bill with this card and be covered in case your phone is stolen, or damaged. (There is a $50 deductible on each claim. Max $800 per claim, $1,000 per year. Limit 2 claims per year).
  • Lyft –Earn a $10 credit for every five rides within a calendar month, max once per month.
  • Boxed – 5% cash rewards on Boxed purchases.
  • ShopRunner – Complimentary ShopRunner membership which includes free two-day shipping and free return shipping at many online retailers

 

New Rewards for Freedom Unlimited

The Freedom Unlimited will keep the same benefits but will have some new exciting extra reward categories

  1. You will earn 5% per $1 spent on Lyft rides, through March 2022
  2. New! You will earn 5% per $1 spent on travel purchases through Chase Ultimate Rewards
  3. New! You will earn 3% per $1 spent on dining
  4. New! You will earn 3% per $1 spent in drug stores
  5. You will earn unlimited 1.5% cashback per $1 spent on everything else

Answers To The Many Questions

Q: What is the Freedom Flex?
A: The Freedom Flex is the new name for the Chase Freedom card.

 

Q: Is the Freedom Unlimited also changing names?
A: No. The Freedom Unlimited will stay with it’s name.

 

Q: Is the Freedom Flex just a name change or will it become a different card entirely?
A: It is more than just a name change. There will be many differences from the Freedom card to the Freedom Flex.

 

Q: What is changing with the Freedom Flex that is different from the Freedom?
A:  The Freedom Flex will no longer be a Visa card. It’ll be a MasterCard. Being a MasterCard, the Freedom Flex will provide all MasterCard World Elite Benefits (listed above). Also, there will be many rewards added to the Freedom Flex which the Freedom did not have.

 

Q: Will the Freedom Unlimited also become a MasterCard?
A: No, the Freedom Unlimited will stay a Visa card.

 

Q: What is changing with the Freedom Unlimited?
A: There will be upgrades to the reward categories.

 

Q: What are the upgraded rewards?
A: Freedom Flex will get as follows:

  1. You will earn 5% per $1 spent on quarterly categories similar to the current Chase Freedom card.
  2. New! You will earn 5% per $1 spent on travel purchases through Chase Ultimate Rewards
  3. You will earn 5% per $1 spent on Lyft rides, through March 2022
  4. New! You will earn 3% per $1 spent on dining
  5. New! You will earn 3% per $1 spent in drug stores
  6. You will earn 1% per $1 spent on everything else

A: Freedom Unlimited will get as follows:

  1. New! You will earn 5% per $1 spent on travel purchases through Chase Ultimate Rewards
  2. You will earn 5% per $1 spent on Lyft rides, through March 2022
  3. New! You will earn 3% per $1 spent on dining
  4. New! You will earn 3% per $1 spent in drug stores
  5. You will earn 1.5% per $1 spent on everything else

 

 

Q: What happens if I already have the Freedom card, will it become unusable now that it’s called Freedom Flex and will I get the new rewards?
A:You can still use the Freedom card as regular. Or, you can choose to call up Chase to request a new card. You’ll then get the Freedom Flex card with all the updated rewards and changes.

 

Q: What happens if I already have the Freedom Unlimited card, will I get the new additional rewards?
A: Yes, you will automatically get the new rewards additions on September 15, 2020. You don’t have to call Chase to add it.

 

Q: Can a new customer apply for the Freedom card?
A: The Chase Freedom will not be available to new customers.

 

Q: When can a customer apply for the Freedom Flex card?
A: Application will start on September 15, 2020.

 

Q: Does the 5/24 rule apply for the Freedom Flex card?
A: Nothing is confirmed yet but it would most probably fall under the chase 5/24 rule.

 

Q: What are the bonus offers for the cards?
A: The same as before; you will earn $200 after $500 spent within the first 3 months. Plus 5% cashback on the first $12,000 you spend on groceries within the first 12 months

 

Q: Can I get the bonus offer for the Freedom Flex if I already have the Freedom card?
A: You can get the bonus offer for the Freedom Flex if you apply directly for the Freedom Flex. Keep in mind that you can’t get approved for a new Chase Freedom card if you currently have any of the Chase Freedom products.

 

Q: Will the cards have an annual fee?
A: Both cards will remain with no annual fee

 

Do you have any additional questions? Enter them in the comments and I will respond.

Was this article helpful?

Rikki Rikki is a full-time contributor for HelpMeBuildCredit.com. She likes to think of the credit world as a place where each credit card is used to its maximum reward capabilities. Other than that, tulips and blue skies are next on the list for a lovely world.

Leave A Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.

4 Comments

  1. Any change to the student card

    Reply
    • No

      Reply
  2. Will the sapphire preferred have changes as well? The freedom unlimited will now have much better rewards than the sapphire (though the sapphire still has better perks)

    Reply
    • The Sapphire preferred earns 2 points on all travel purchases (not only booked through Chase Travel. But overall the Freedom Unlimited is better as fas as rewards

      Reply

Recent Posts

Follow us

Click here to subscribe to
our WhatsApp channel

Todays
best offers

Chase Ink Business Preferred

Earn 100,000 points after $15,000 spent within the first 3 months.

more info

Chase Sapphire Preferred

Earn 80,000 points after $4,000 spent within the first 3 months plus earn a $50 credit on grocery purchases

more info

Chase Ink Business Unlimited

Earn $750 (75,000 points) after $7,500 spent within the first 3 months. Intro 0% APR for 12 months on purchases.

more info

United Quest Card

Earn a total of 100,000 points! Earn 80,000 points after spending $5,000 within the first 3 months. Plus earn an additional 20,000 points after spending a total of $10,000 within the first 6 months.

more info

You May Also Like

Credit Card Auto Rental Insurance – Master Post

Credit Card Auto Rental Insurance – Master Post

Summer is coming, and we all will be hitting the road! You may be someone who does not own a car and relies on car rentals. What happens when you rent a car, head out on a trip, and then, god forbid, get into an accident? Usually what happens is, you have to pay the...

read more
Which Credit Cards Are Approving? May 2021 Update

Which Credit Cards Are Approving? May 2021 Update

It’s been just a little less than a year since we’ve built the HelpMeBuildCredit credit card database and we’ve already gotten over 800 credit card results reported by fellow users. You can check it out to track real-time results coming from users. Users report...

read more
Will A Credit Limit Increase Result In A Hard Credit Pull?

Will A Credit Limit Increase Result In A Hard Credit Pull?

Updated: 03//24/21 As you move on in life, your expenses grow, so you will want to increase your credit line. Therefore, you will probably ask your bank for a credit line increase. Your bank may want to make a credit inquiry, commonly known as a hard pull, on your...

read more
Your Downgrade Option For Amex Cards [2021]

Your Downgrade Option For Amex Cards [2021]

A few weeks back, we did a post listing the downgrade options for Chase cards. This week, I am listing the downgrade options for Amex cards and I plan to slowly run additional posts going through all banks and their downgrade options.

read more

Download link sent
succesfully

Got it *please check your promotional inbox

Error sending download link

Try Again