Chase has added a new 5% spending offer on the Freedom Flex card which is in addition to its existing 5% quarterly offer.
- Get 5% on your top spending category (from a select number of categories) on the Chase Freedom Flex card.
- Direct link to FAQs.
- Offer valid October 1 to December 31, 2021.
- Eligible spending categories:
- Travel (including Transit)
- Home Improvement Stores
- Grocery Stores (not including Target and Walmart purchases)
- Gas Stations
- Select Live Entertainment
- Select Streaming Services
- Fitness Clubs
This is a great offer if you’re a Freedom Flex cardholder as it doubles your 5% earning allowance this quarter from $1,500 to $3,000.
However, note that the categories are different between the existing 5% offer and this new promotion. For the existing 5% category, Walmart and PayPal are the two eligible categories. For this new promotion, the list of eligible categories is listed above in the Key Terms section.
It seems like it is possible to stack the two spending offers. For example, if you use PayPal to make a purchase at Lowe’s, you should earn 5% as a result of paying by PayPal and the extra amount from this deal due to Lowe’s being a home improvement store and thus being one of the eligible spending categories. In that kind of scenario though, you’d only earn a total of 9% rather than 10% because the Freedom Flex card offers 1% as standard, a 4% bonus for PayPal and 4% for Lowe’s/home improvement.
Note that you’ll only earn 5% on your top spending category though, so you’ll want to pick which one is best for you. If you bought one Visa gift card at a grocery store, one at a drugstore and one at a gas station, you wouldn’t earn 5% on all three transactions. It’d therefore be best to buy three of them at just one type of store.
The best option for many will be to spend $1,500 at Walmart or PayPal for the standard 5%, along with $1,500 at drugstores. The reason why is because drugstores are a 3% category every day on the Freedom Flex card and so you’d earn a total of 7% for the $1,500 of purchases (1% as standard, 2% bonus for drugstores and 4% bonus from this new promotion). You’d therefore end up with a total of $180 cashback on your $3,000 of spend – $75 from PayPal/Walmart and $105 from drugstores.
Having said that, if you’ll be spending $1,500 organically at one of the top spend categories which happens to accept PayPal, you could earn 9% on that spend for a total of $135. While that’s obviously less cashback than $180, it’s also half the spend requirement.