The earnings for both cards are often marketed by Chase as cash back, but you are credited with Ultimate Rewards points. Redeeming rewardsīoth the Freedom Flex and the Freedom Unlimited redeem rewards in basically the same way. The Freedom Unlimited is also offering an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year). This is a simple earning structure that may appeal to those who don’t want to deal with rotating bonus categories or quarterly activations. However, instead of rotating cash back categories, the Freedom Unlimited offers 1.5% cash back on general purchases. Like the Freedom Flex, the Freedom Unlimited earns bonus cash back on Ultimate Rewards travel (5% back) and dining and drugstore purchases (3% back), plus Lyft purchases through March 2025 (5%). Plus, the card is currently offering a $200 bonus for spending $500 in the first three months. Throughout the year, you’ll also get 5% back on all travel booked through the Chase Ultimate Rewards portal, 5% cash back on Lyft purchases through March 2025, 3% back on dining and drugstore purchases and 1% back on all other purchases. For example, to earn 5% cash back during the first quarter of 2022 (on grocery stores and eBay), you must activate the category by March 14, 2022. You do have to log in to your Chase account and activate the rewards category by the deadline each quarter to earn the 5% rate. Each quarter, you can enroll in a new bonus category from the Chase cash back calendar and earn 5% back on the first $1,500 you spend in that category (then 1% back after you reach the $1,500 threshold). The Chase Freedom Flex card offers a combination of year-round and quarterly rotating bonus cash back categories. When comparing the Chase Freedom Flex to the Freedom Unlimited, the key factors are how they earn rewards and which earning structure will give you the most points. People who want to earn bonus cash back in both specific categories and general purchases.People who want to earn Ultimate Rewards points without paying an annual fee.People who want to collect Ultimate Rewards points.Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year)Įstimated ongoing yearly rewards value ($1,325 monthly spend). $200 if you spend $500 in first 3 months.5% cash back on Lyft purchases through March 2025.5% cash back on travel purchased through Chase Ultimate Rewards.5% rotating quarterly categories (upon enrollment, on up to $1,500 in spending per quarter, then 1%).
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