Why Chase Freedom Flex is the Best Starter Credit Card

This video is about the Chase Freedom Flex credit card and why it is considered the best starter credit card, discussing its benefits, features, and how it compares to other cards in the market.

This video by Brian Jung was published on Jul 6, 2023.
Video length: 11:28.

The video is a review of the Chase Freedom Flex credit card, which the speaker considers to be the best starter credit card on the market.

The video discusses the benefits of the card, such as the 5% cash back on rotating quarterly categories, the zero percent APR offer, and the generous welcome bonus. The speaker also compares the card to other competitors in the market and highlights its advantages.

Overall, the video aims to provide viewers with a comprehensive understanding of the Chase Freedom Flex card and its benefits.

• Chase Freedom Flex offers cash back on travel, dining, drugstore purchases, and all other purchases.
• There is a rotating quarterly category that offers five percent cash back.
• The quarterly category must be manually activated and resets every three months.
• The card has a zero percent APR on purchases and balance transfers for the first 15 months.
• There is no annual fee and a $200 cash back welcome bonus for spending $500 in the first three months.
• Chase Freedom Flex competes with other cards like Capital One SavorOne and US Bank Cash Plus.
• Chase Freedom Flex is considered one of the best starter credit cards on the market.

Why Chase Freedom Flex is the Best Starter Credit Card - YouTube

Benefits of Chase Freedom Flex

• Offers five percent cash back on travel through the Chase UR portal.
• Provides three times cash back on dining at restaurants, takeouts, and delivery services.
• Gives three times cash back on drugstore purchases.
• Offers one times cash back on all other purchases.
• Includes a rotating quarterly category that offers five percent cash back.

Activating the Quarterly Category

• Manually activate the quarterly category to receive the five percent cash back.
• Categories reset every three months.
• Current categories include gas stations, EV chargings, and select live entertainment.
• Categories in the past have included Amazon, Lowe's, and gym memberships.
• Five percent cash back applies to the first $1,500 spent in the quarterly category.

Additional Features of Chase Freedom Flex

• Offers a zero percent APR on purchases and balance transfers for the first 15 months.
• No annual fee.
• Provides an incredible welcome bonus of $200 cash back for spending $500 in the first three months.
• Allows for significant cash back on dining, food delivery, and drugstore purchases.
• Can be held alongside multiple other Chase Freedom Flex cards without any additional cost.

Why Chase Freedom Flex is the Best Starter Credit Card - YouTube

Comparison to Other Cards

• Competes with the Capital One SavorOne card, but Chase is preferred due to issuer preference.
• Another competitor is the US Bank Cash Plus card, which is considered an underrated credit card.
• Chase Freedom Flex offers high welcome bonuses and diverse cash back multipliers.
• US Bank Cash Plus card is also underrated and worth considering.
• Chase Freedom Flex is one of the best starter credit cards on the market.

Benefits of Chase Freedom Flex

• Chase Freedom Flex is considered the best starter credit card.
• It is easier to get approved for the Chase Freedom Flex card compared to the US Bank Cash Plus Visa card.
• The welcome bonus on the Freedom Flex card is $500 spend, while the Cash Plus card requires $1000 spend.
• The Chase Freedom Flex card has a quarterly cap of $1500, while the Cash Plus card has a cap of $2000.
• The Chase 524 rule states that in order to get any card with Chase, you must have applied for less than five cards within a 24-month period.

Getting Approved for Chase Freedom Flex

• A good credit score of at least 670 is recommended for approval.
• The application process is simple and straightforward.
• If not approved right away, wait for mail or call the reconsideration line.
• Approval time may vary depending on the time of year and quota numbers.
• Be aware of the Chase 2 and 30 rule, which states that if you've applied for two Chase cards within the last 30 days, you will automatically be denied for the next.

Maximizing Value from Chase Freedom Flex

• Maximize spending in the quarterly 5% categories.
• Timing welcome bonuses and applying for multiple cards can increase earnings and points.
• Hit the welcome bonus offer to get 40% back.
• Redeem points for higher value by building the Chase Trifecta.
• Consider getting the Chase Sapphire Preferred or Chase Sapphire Reserve to boost the value of points and gain access to the Ultimate Rewards travel portal.

Conclusion

• Chase Freedom Flex is a highly recommended starter credit card with great benefits and features.
• It is easier to get approved for compared to other cards.
• Maximizing spending and redeeming points wisely can increase the value gained from the card.
• Consider building the Chase Trifecta for even more value and benefits.
• Overall, Chase Freedom Flex is a top choice for those starting their credit card journey.

Benefits of Chase Freedom Flex Credit Card

• It is considered the best starter credit card.
• It has no annual fee.
• It offers cell phone protection if you pay your phone bill on the card.
• You can get your phone replaced with just a $50 deductible.
• It is easy to activate and use the cell phone protection benefit.
• It has come in handy for many people and has been used multiple times.

Watch the video on YouTube:
Why Chase Freedom Flex is the Best Starter Credit Card - YouTube