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The Chase Freedom Flex℠ generates a lot of buzz for several reasons. There is no annual fee, you get up to 5% back on purchases, and you earn some of the most valuable credit card rewards points. If you are one of many who want to get the Chase Freedom Flex Card, is your credit report good enough? Let’s take a look.

You can use your Chase Freedom Flex card to earn rewards on dining purchases. You may try the #1 Whataburger Whatameal. Credit: Whataburger

Should You Get The Chase Freedom Flex Card?

Before we break down how hard it is to get the Chase Freedom Flex, let’s take a quick look at the benefits and bonuses that come with this card.

For one, there are several ways to earn rewards. Cardholders earn 5% cash back on rotating quarterly bonus categories (once activated), up to $1,500 spent per quarter. Plus, you can earn 5%, 3%, or 1% back anytime on select bonus categories:

  • 5% cash back on the first $1,500 on quarterly bonus categories you activate (then 1% back)
  • 5% cash back on travel purchases in the Chase Ultimate Rewards portal
  • 3% cash back on restaurants, including takeout and delivery services
  • 3% cash back on drugstore purchases
  • 1% cash back on everything else

New Chase Freedom Flex℠ cardholders can earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. Plus, they can earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.

Unlike The Chase Freedom Unlimited®, the Chase Freedom Flex is a Mastercard (the Unlimited is a Visa product). You can learn more about both cards in our comparison of the Chase Freedom Flex vs Freedom Unlimited.

Credit Score Needed for Chase Freedom Flex

Now, there are a few things you should know before trying for the Chase Freedom Flex or any of the other best Chase credit cards. Your approval odds for the Chase Freedom Flex almost entirely depend on two factors. The most important factor is your credit score.

Having a minimum 670 credit score gives you the best approval odds. Many banks and consumers consider a 670 to 739 credit score as good credit. A 740 credit score or above means you have excellent credit and qualify for essentially any card that doesn’t require a special invite. A higher score also makes it more likely you will get a higher initial credit limit.

Being a current Chase customer can also boost your approval odds if you have a fair credit score.

How Many New Credit Cards Do You Have?

The second most important factor for your Chase Freedom Flex approval odds is how many new credit cards you have. Too many new credit cards mean Chase can reject your Chase Freedom Flex application even if you have near-perfect credit.

Each bank has different credit card application guidelines. For example, Wells Fargo only lets you qualify for a new signup bonus once every 15 months, even if you apply for two completely different cards. Capital One only lets you have up to 5 open accounts at one time.

Chase has one of the most restrictive policies meant to discourage churning. It’s known as the “5/24 rule“. If you added at least 5 new credit cards to your wallet in the last 24 months (even as an authorized user), you will most likely need to wait to get the Chase Freedom Flex. Once you only have four or fewer cards opened in the last 24 months, you can apply.

Wait 30 Days Between Applications

If you recently applied for a card, you may also wait 30 days before trying for the Chase Freedom Flex℠ to show the first on-time payment for your newest card. If your credit score is right around 670 or a few points less, you might wait up to 6 months after your last credit card application to apply for the Freedom Flex Card.

Although you are still below the 5/24 mark, you want the highest credit score and cleanest credit report possible to optimize your approval odds.

Waiting between three and six months is usually enough time for your credit score to rebound from the temporary dip that comes from every credit card application. And, you can show Chase that you are paying your balance in full each month.

Pooling Chase Ultimate Rewards

Many consider the Chase Freedom Flex a cash back credit card. Your points are actually worth 1 cent each for cash, travel, and gift cards. However, you can transfer them to the Chase Ultimate Rewards travel partners or get a travel redemption bonus. These two perks are exclusive to the Ultimate Rewards cards that have an annual fee.

What you may not know is that your points can be worth more if you have a Chase Sapphire Preferred® Card, Chase Sapphire Reserve®, or Ink Business Preferred® Credit Card. These three cards also earn Ultimate Rewards points. And Chase lets you pool your points between any card you own that earns Ultimate Rewards.

Travel Redemption Bonus

Your points are worth 1.25 cents each when booking travel on the Chase travel portal with the Chase Sapphire Preferred or Chase Ink Business Preferred.

Each point is worth 1.5 cents each with the Chase Sapphire Reserve.

1:1 Point Transfers

Your points can be worth even more than the travel redemption bonus by transferring your points to Chase transfer partners and booking award travel directly from your loyalty account.

Some of the best partners include United Airlines, Southwest, Emirates, and British Airways.

Are You Ready to Get the Chase Freedom Flex?

There are many reasons to get The Chase Freedom Flex℠. For some people, this is their only credit card and they redeem the points for cash rewards. Others only use this card for the 5% bonus categories but use their other Chase card to earn points on other purchases. As long as you have a 670 credit score and not too many new credit cards, this card may be yours.

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1 Comment On "How Hard Is It To Get The Chase Freedom Flex Card?"
  1. Aashi Sharma|

    Thanks for Sharing good and useful information.

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