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Basic Guide to The Chase Freedom Flex Quarterly Challenge

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The Chase Freedom Flex is a great card to have in your purse, wallet, or BASIC binder clip when heading out for a number of reasons including 7,500 Chase Ultimate Rewards bonus points every 3 months! We absolutely love those Chase Ultimate Rewards bonus points as there is SO much you can do with them! Luckily the Chase Freedom Flex Quarterly challenge gets you 5 TIMES bonus points each Quarter!

First the Basics  

We love the Chase Freedom Flex card that was introduced in late 2020. It was a bit of an upgrade from the old Chase Freedom card. Still utilizing the 5% quarterly categories, you can also earn 5% on travel purchased through chase as well as 3% on dining and drugstores.

$0 Annual Fee

after you spend $500 on purchases in your first 3 months from account opening

No Annual Fee

Earn Cash Back

Cash Back Calendar

The 5% Categories are what get me excited in the Basic Travel Household. Every three months, the Chase Freedom Categories for 5% Cashback rotate and reset. For example, from April 1st through June 30th, I was able to earn 5% Cashback on up to $1,500 in purchases through Grocery Stores and Home Improvement Stores. 

The 5% Cashback works out to be $75 if I max the $1,500 quarter. If I max out all four quarters that equals $300! This is a great return on purchases that I’m already going to need. 

$0 Annual Fee

after you spend $500 on purchases in your first 3 months from account opening

What makes me really excited about this card and the Quarterly Challenge Promotion! 

If you concurrently have opened a Chase Sapphire Preferred Card or Chase Freedom Reserve Card along with the Chase Freedom Flex it is possible to transfer points. In doing so, that $75 Cashback for the quarter or $300 for the year turns into 7,500 Chase Ultimate Rewards Points for the quarter and 30,000 Chase Ultimate Rewards Points for the year! You could also cash these points out with Chase’s Pay Yourself Back Promotion, set to expire September 30th, 2021.

Ultimate Rewards Points
after you spend $4,000 on purchases in the first 3 months from account opening.

Be sure to check out the different Quarterly Challenge Promotions!

Here are some fun examples of what I could do with 30,000 Chase Ultimate Rewards Points. 

Southwest Airlines is a transfer partner and you can book 2 roundtrip flights to one of my favorite cities in the United States! 

Transfer to United for a one-way flight to Italy! 

JetBlue can also be transferred to for 2 Roundtrip Flights to New York City

If you decide to open a credit card, we appreciate using our affiliate links! Be sure to check out our Top Credit Card Offers

Which card to get

Only the Chase Freedom Flex will get you the 5x Quarterly spending categories. However, there are a few other offers that will get you the coveted Chase Points! Pick your favorite offer below.

$0 Annual Fee

after you spend $500 on purchases in your first 3 months from account opening
Additional 1.5%
cash back
on everything you buy (on up to $20,000 spent in the first year) – worth up to $300 cash back

Final Thoughts

We both LOVE all things Chase! Seriously the points are our favorite award booking points as they are so versatile. You can use the points in the Chase Portal, Transfer them to various travel partners (Like Southwest, United, Jetblue…). You can also use the points for Hotels, Car Rentals, things to do, even cruises!

Maybe you don’t like or want to travel? No problem! You can also redeem points for Amazon, Apple, Cashback, Gift cards, and experiences!

Let us know if you have any comments or questions!

New to Credit Card Rewards Points? Check out the BASICS Below!

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The comments section below responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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Top Credit Card Offers

Chase Freedom Flex℠

Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening

Citi Premier Credit Card

Earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening

Chase Sapphire Preferred® Card

Earn 60,000 Ultimate Rewards Points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.

American Express® Gold Card

Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership.


We're Dave & Lisa

An easy-going, fun-loving couple who have a passion for adventure and exploring the world! Our strategies have saved us over $100,000 in travel over the last four years, and our goal is to help you do the same.

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