The Chase Freedom Flex℠* and Uncover it® Money Again* are each uncommon playing cards that supply a rotating rewards class on in style buy classes. However whereas the Uncover it Money Again is likely to be a greater possibility for many who journey overseas and wish to keep away from the price of international transaction charges, the Freedom Flex gives extra year-round reward classes and additional perks — making it a greater possibility for most individuals.
Rewards
Winner: Freedom Flex
That is the true battleground between the Freedom Flex and the Uncover it Money Again. Each characteristic revolving quarterly cash-back classes. Each playing cards want you to manually activate the bonus class quarter.
Nonetheless, with the Freedom Flex, you may activate the classes late within the quarter and earn retroactive rewards to your purchases. For instance, for the third quarter of 2023, so long as you activate by September 14, 2023 you’ll earn the 5% for class purchases courting again to April 1, 2023. However for those who activate late with the Uncover it Money Again, there aren’t any retroactive rewards.
Previous bonus classes are fairly comparable throughout each playing cards, together with grocery shops, Amazon.com purchases and purchases made utilizing PayPal. Right here’s the present reward providing for every card:
- Freedom Flex: Fuel Stations, EV charging and choose reside leisure
- Uncover it Money Again: Fuel stations and digital wallets
Each playing cards have a quarterly spending restrict of $1,500 for his or her 5% money again classes earlier than rewards fall to 1% money again. Which means you may solely earn a most of $75 with both card every quarter earlier than the rewards fee drops.
The rewards packages are comparable, however the Freedom Flex has an edge due to its addtional 3% money again for eating and drug shops and 5% money again for journey by way of Chase Final Rewards. Neither class has a spending restrict.
You might doubtlessly earn extra rewards with the Freedom Flex over the Uncover it Money Again. The retroactive rewards for those who activate your classes late additionally places weight on the dimensions.
Welcome bonus
Winner: Uncover it Money Again
Check out every welcome bonus:
- Freedom Flex: You earn $200 after you spend $500 on purchases in your first three months from account opening
- Uncover it Money Again: You’ll earn an Limitless Cashback Match, which implies Uncover will basically double the money again you earn on the finish of your first yr with the cardboard.
Relative to different playing cards available on the market, the Freedom Flex’s welcome bonus has a low spending threshold to unlock it. Nonetheless, it doesn’t actually measure as much as the incomes potential of getting all the rewards you earn for a yr doubled. However you’ll have to be affected person to earn the Limitless Cashback Match, because it gained’t be distributed to your account till after the yr is up.
Introductory APR
Winner: Tie
The introductory APR gives are almost an identical:
- Freedom Flex: 0% intro APR for purchases and stability transfers for 15 months (then 20.24% to twenty-eight.99% variable)
- Uncover it Money Again: 0% intro APR for purchases and stability transfers for 15 months (then 16.99% to 27.99% variable).
Whereas each playing cards enable cardholders to both make a big, deliberate buy or switch a stability to keep away from curiosity expenses, they differ barely of their phrases surrounding stability transfers.
The Freedom Flex has an introductory stability switch price of three% ($5 minimal) as long as any transfers are made inside 60 days, in any other case it’ll be 5% ($5 minimal). The Uncover it Money Again’s price is 3% however will enhance to as much as 5% for future stability transfers (see phrases).
So each playing cards are on fairly equal footing right here. Nonetheless, neither card is precisely suited to a stability switch. There are stability switch bank cards particularly designed to assist get rid of some bank card debt, and even some with out stability switch charges.
Journey
Winner: Freedom Flex
Whereas neither card is billed as a journey card, each share some elements with them. The Freedom Flex gives 5% money again for journey bought by way of Chase Final Rewards and options auto rental collision injury waiver, journey cancellation/interruption insurance coverage, plus journey and emergency help companies. Nonetheless, it’s hampered by its international transaction charges.
The Uncover it Money Again alternatively options no international transaction charges which makes it a more sensible choice for folks touring overseas. You’ll be capable to save a mean of three% on every abroad transaction due to the shortage of international transaction charges, although there aren’t any different journey perks.
Further card perks
Winner: Freedom Flex
There’s no contest on this class. The Uncover it Money Again gives nothing greater than the usual fraud protections, whereas the Freedom Flex additionally gives cardholders with:
- Buy safety
- Prolonged guarantee safety
- Mobile phone safety
Between its robust rewards and spectacular collection of advantages for a card with out an annual price, the Freedom Flex is difficult to beat.
How Chase Freedom Flex℠ and Uncover it® Money Again examine to different playing cards
- Intro Supply
-
$200
Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
- Annual price
- $0
- APR
- 20.24% – 28.99% Variable
- Intro Buy APR
- 0% Intro APR on Purchases for 15 months
-
Really useful Credit score
A credit score rating is used to point an applicant’s credit score worthiness and will present steering about account eligibility. It doesn’t essentially assure approval for any monetary product.
- Good – Glorious
- Rewards fee
-
1%
– 5%
5% money again on as much as $1,500 in mixed purchases in bonus classes every quarter you activate. Take pleasure in new 5% classes every quarter!; 5% money again on journey bought by way of Chase Final Rewards®, our premier rewards program that permits you to redeem rewards for money again, journey, present playing cards and extra; 3% money again on drugstore purchases and eating at eating places, together with takeout and eligible supply service; Limitless 1% money again on all different purchases.
- Intro Supply
-
Cashback Match™
Intro Supply: Limitless Cashback Match – solely from Uncover. Uncover will routinely match all of the money again you’ve earned on the finish of your first yr! There’s no minimal spending or most rewards. You might flip $150 money again into $300.
- Annual price
- $0
- APR
- 16.99% – 27.99% Variable APR
- Intro Buy APR
- 0% for 15 months
-
Really useful Credit score
A credit score rating is used to point an applicant’s credit score worthiness and will present steering about account eligibility. It doesn’t essentially assure approval for any monetary product.
- Good – Glorious
- Rewards fee
-
1%
– 5%
Earn 5% money again on on a regular basis purchases at totally different locations every quarter like Amazon.com, grocery shops, eating places, and fuel stations, as much as the quarterly most while you activate. ; Earn 1% limitless money again on all different purchases – routinely.
- Intro Supply
-
Earn an Further 1.5% Money Again
Intro Supply: Earn a further 1.5% money again on the whole lot you purchase (on as much as $20,000 spent within the first yr) – price as much as $300 money again!
- Annual price
- $0
- APR
- 20.24% – 28.99% Variable
- Intro Buy APR
- 0% Intro APR on Purchases for 15 months
-
Really useful Credit score
A credit score rating is used to point an applicant’s credit score worthiness and will present steering about account eligibility. It doesn’t essentially assure approval for any monetary product.
- Good – Glorious
- Rewards fee
-
1.5%
– 5%
Take pleasure in 5% money again on journey bought by way of Chase Final Rewards®, our premier rewards program that permits you to redeem rewards for money again, journey, present playing cards and extra; 3% money again on drugstore purchases and eating at eating places, together with takeout and eligible supply service; 1.5% on all different purchases
The underside line
In case you’re searching for a flexible cash-back bank card so as to add to your pockets, select the Freedom Flex. The Uncover it Money Again actually offers it a run for its cash, however it could’t compete with its expansive rewards program and extra card perks, regardless of having one of many greatest welcome bonuses within the business.
FAQs
You’ll be able to activate the rotating quarterly rewards class by heading to your account web page with both issuer.
You might, however there may be loads of redundancy between the Uncover it Money Again and the Chase Freedom Flex. There are additionally implications to making use of for a number of bank cards without delay.
A rewards bank card sometimes places extra emphasis on offering a powerful return in your basic spending, whether or not that be for fuel, groceries, streaming companies, or eating. Journey bank cards sometimes embrace extra card perks like annual assertion credit and airport lounge entry. Their rewards can sometimes be used to cowl airfare or different journey bills.
*All details about the Uncover it Money Again and Chase Freedom Flex has been collected independently by CNET and has not been reviewed by the issuer.
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