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Chase Freedom Flex

Chase · Mastercard · no annual fee · earns Chase Ultimate Rewards, valued at 2.00¢ a point.

Rates checked against the issuer 2026-08. Foreign transaction fee: none.

The short version

Is the annual fee worth it?

No annual fee, so everything it earns is kept: about $692 a year on the illustrative household's spending, which puts it number 8 of 38 the no-fee cards in the catalogue. All of them, ranked.

Priced on an illustrative household spending $2,205 a month on a card — the assumption, in full. Credits and perks are not priced: they are worth their face value only if you would have spent that money anyway.

What it earns, category by category

Earns onRateConditions
Groceries, Gas Stations, Restaurants & Bars, Online Shopping, Wholesale Clubs, Public Transit, Streaming, Drugstores, Entertainment, Phone & Internet, Food Delivery, Grocery Delivery, EV Charging, Rideshare & Taxis, Superstores, Home Improvement, Department Stores, Gyms & Fitness 5x Only while you have this category switched on · Up to $1,500 per quarter, then the base rate · Rotating category — you must activate it each quarter
Flights, Hotels, Vacation Rentals 5x Only through the issuer's travel portal · Booked through Chase Travel
Restaurants & Bars, Food Delivery 3x
Drugstores 3x
Everything else 1x

Where it ranks

Against every card in the catalogue, scored in dollars per $100 with no rotating categories switched on:

Where a year's rewards come from

Spending onEarns a year
Restaurants & Bars$216
Groceries$120
Everything Else$120
Gas Stations$36
Online Shopping$36
Utilities$36

Priced on an illustrative household spending $2,205 a month on a card — the assumption, in full. Credits and perks are not priced: they are worth their face value only if you would have spent that money anyway.

Protections and travel benefits

From the issuer's own benefit summary as of 2026-09. These are read from summaries rather than the full guide to benefits, which has the exclusions — check it before relying on one.

What the issuer lists besides rewards

Similar cards

Point values: published industry valuations, read 2026-09. How every number here is worked out.

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