Chase Freedom Flex vs. Chase Freedom Unlimited comparison: Rotating categories or flat cash back?
Chase's array of personal credit card products ranges from the ultra-premium Chase Sapphire Reserve® (see rates and fees) to the cash-back cards, which don't charge annual fees. With so many options, picking the right card can be difficult if you aren't sure what you want.
Thanks to Chase's 5/24 rule (which means that you could automatically be rejected for most Chase cards if you've opened five or more cards in the last 24 months), it's important to have a clear strategy about which Chase cards you want to add to your wallet.
Today, we're looking at two of Chase's no-annual-fee credit cards — the Chase Freedom Flex® (see rates and fees) and Chase Freedom Unlimited® (see rates and fees).
By themselves, both earn points that can only be redeemed as cash back at 1 cent per point. However, you can pair either card with a more premium Chase Ultimate Rewards card, such as the Chase Sapphire Preferred® Card (see rates and fees), to turn those points into full-fledged Ultimate Rewards points. Then, you can redeem the points through Chase Travel℠ or transfer them to partners.
Let's review each card's details to see which makes more sense for you.
Chase Freedom Flex vs. Chase Freedom Unlimited comparison
| Card | Chase Freedom Flex | Chase Freedom Unlimited |
|---|---|---|
Annual fee | None | None |
Sign-up bonus | Earn $200 cash back after spending $500 on purchases in the first three months from account opening | Earn $200 cash back after spending $500 on purchases in the first three months from account opening |
Earning rate |
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Benefits |
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Redemption options | Redeem points as cash back, or transfer them to Ultimate Rewards points if you also hold a premium Chase card | Redeem points as cash back, or transfer them to Ultimate Rewards points if you also hold a premium Chase card |
Chase Freedom Flex vs. Chase Freedom Unlimited welcome bonus
The Freedom Flex offers a welcome bonus of $200 cash back after spending $500 on purchases in the first three months after account opening. At face value, this bonus is worth $200; however, according to TPG's March 2025 valuations, if you also hold a premium Chase card and transfer your points, they can be worth $410.
Right now, new Chase Freedom Unlimited cardholders can earn $200 cash back after spending $500 in the first three months. At face value, this bonus is worth $200; however, if you also hold a premium Chase card, it can be worth $410, according to TPG's March 2025 valuations.
Winner: Tie. Both cards offer the same offer.
Chase Freedom Flex vs. Chase Freedom Unlimited benefits
The Freedom Flex and Freedom Unlimited offer trip cancellation/interruption insurance, auto rental collision damage waiver, extended warranty protection, travel and emergency and assistance services, and purchase protection.
However, where the two cards differ is the benefit of cellphone protection with the Freedom Flex, which is a Mastercard, not a Visa. Cardmembers can get up to $800 per claim and $1,000 per year (maximum of 2 claims in a 12-month period with a $50 deductible per claim).
While there aren't too many earth-shattering differences, Mastercard's cellphone protection is the big — and highly desirable — perk between the two.
Winner: Freedom Flex's cellphone protection benefit is useful to cardholders in case of damage or theft.
Related: The best cards for trip cancellation and interruption insurance — and what it actually covers
Earning cash back with the Chase Freedom Flex vs. Chase Freedom Unlimited
These credit cards are cash-back-earning cards. They both offer 5% cash on travel booked through Chase Travel℠, 3% cash back on dining (including takeout and eligible delivery services) and 3% cash back at drugstores.
Where they diverge is that while the Freedom Unlimited has a flat 1.5% earning rate on all non-bonus spending (compared to just 1% with the Freedom Flex), the Freedom Flex offers 5% cash back on up to $1,500 in rotating quarterly bonus categories, which include a variety of different merchants and merchant types throughout the year.
The Freedom Unlimited is the easier option, while the Freedom Flex requires you to activate the bonus categories every quarter.
Winner: Tie. It depends on whether you want to work to keep up with quarterly rotating bonus categories with the Freedom Flex or opt for a simple flat rate with the Freedom Unlimited.
Related: The best Chase credit cards
Redeeming cash back with the Chase Freedom Flex vs. Chase Freedom Unlimited
Redeeming your hard-earned cash back with either credit card is quite simple. The traditional options are to redeem for statement credit or direct deposit into most U.S. checking and savings accounts. In addition, you can redeem the value of your cash back as gift cards to over 175 brands offered by Chase.
"Shop through Chase" is another option where points can be applied directly for purchases on Chase's partner websites, such as Amazon.com. You can also book travel through the Chase Travel℠ Portal to cover airfare, hotel stays, and rental cars by paying entirely with points or a combination of points and cash. In these instances, you redeem at one cent per point.
Winner: Tie
Related: The complete guide to Chase Ultimate Rewards
Transferring cash back with the Chase Freedom Flex vs. Chase Freedom Unlimited
A better way to redeem your cash back from either Freedom Flex or Freedom Unlimited is to transfer it to one of Chase's premium travel cards, taking advantage of the Chase Trifecta.
These cards include the Chase Sapphire Preferred Card, Ink Business Preferred® Credit Card, and the Chase Sapphire Reserve. When you transfer your points to the Sapphire Preferred or Ink Business Preferred to redeem travel through Chase Travel℠, the value of your points increases to up to 1.75 cents per point (depending on the specific redemption). Being a cardholder of the Sapphire Reserve gives you up to 2 cents per point (depending on the specific redemption) when you transfer your points to that card and redeem them for travel. See your rewards program agreement for full details.
The information for the Ink Business Preferred has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
You can transfer these combined points from one of the three cards to any of Chase's 14 transfer partners for even more value. The value you can gain from your points when transferring to travel partners is unlimited.
Late last year, I was able to secure a one-way business-class ticket from Los Angeles to Paris by booking through Air France-KLM Flying Blue for 50,000 points, giving me a redemption rate of over 7 cents per point.
Winner: Tie
Related: How to redeem Chase Ultimate Rewards points for maximum value
Should I get the Chase Freedom Flex vs. Chase Freedom Unlimited?
Due to its rotating bonus categories, the Freedom Flex is more beneficial if your spending habits change throughout the year. Cellphone protection is also a unique perk. Conversely, the Freedom Unlimited is ideal for those who prefer simplicity and want guaranteed rewards without the need to track or activate bonus categories, making it a great choice for beginners.
How to switch from the Chase Freedom Flex to Chase Freedom Unlimited?
Both the Freedom Flex and Freedom Unlimited fall within the same family of Chase's cash-back cards; therefore, you can switch between the two. Switching cards is as simple as calling the customer service phone number found on the back of the card and requesting a product change to either card.
When switching from one card to another, you forgo earning the welcome bonus on the card. This is an important aspect to keep in mind, as you'll miss out on a chunk of cash back rewards.
Bottom line
Whether you opt for the Freedom Flex or Freedom Unlimited, these cards fit nicely into just about every type of credit card strategy. If you're new to the world of points and miles and have a more limited credit history, these cards are easier to get approved for than premium cards such as the Chase Sapphire Reserve.
They can also help you build a strong relationship with Chase while earning valuable rewards — but resist the temptation to redeem them for cash back until you get a Sapphire card later. Even if you're a more advanced award traveler, you can get a lot of value from these cards.
To learn more, read our full reviews of the Freedom Unlimited and Freedom Flex.
Apply here: Chase Freedom Unlimited
Apply here: Chase Freedom Flex