At 50% return on spend, this Freedom Flex offer is the kind of no-brainer that makes you wonder why everyone doesn't have this card. $500 in three months gets you $250 cash back — or 25,000 Ultimate Rewards points if you also hold a Sapphire Preferred, Sapphire Reserve, or Ink Business Preferred. That second part is the whole game.
Without a premium Chase card, you're looking at 2.5 cents per dollar in cash back. Solid. But pair it with a Sapphire and those 25,000 points transfer to Chase's airline and hotel partners. Suddenly it's a free night at a Hyatt or a one-way economy flight to Europe. Not bad for a card that costs $0 a year.
The earning structure hasn't changed: 5% on rotating quarterly categories (activation required, $1,500 cap per quarter), 5% on travel booked through Chase, 3% on dining and drugstores, 1% on everything else.
Chase also stripped foreign transaction fees off this card a while back. That's rare for a no-fee card and makes it a legitimate backup for international spend when your Sapphire Reserve is maxed out or you're hitting a category the Reserve doesn't bonus.
The Freedom Unlimited got a fresh card design recently — Chase updated it alongside the Flex refresh. The difference is subtle, but it's there. The offer on the Unlimited remains the standard $200 after $500 spend. Fine, but the Flex is the one to grab right now.
Access to select Chase Points Boost offers is also included now, giving you extra earning at certain merchants.
If you're under 5/24 and don't have a Flex yet, this is the version of the offer to take. The $500 spend requirement is trivial — put one month of groceries on it and you're done. The 25,000 points sit in your account until you decide what to do with them. No rush, no annual fee pressure.
Bottom line: this is the best public offer on the Flex in months. If you've been waiting for a reason to add it to your wallet, here it is.
