Chase Freedom Flex Earning: Stack Deals For 13X Earning
The Chase Freedom Flex has been one of my favorite cards since it launched last year. It is easily one of the best no fee cards available during normal times. But right now, with a ton of stackable offer the card is in another stratosphere. You know we love the stack around here at MtM and reader Ellen bounced an idea off me that sounds about as good as it gets. It is so good that some cardholders should be able to juice their Chase Freedom Flex earnings to 13X Ultimate Rewards per dollar with the ultimate stack. Remember that the Ultimate Rewards points earned with the Flex are only transferrable with a premium card like the Chase Sapphire Preferred. Otherwise the points are worth 1 cent a piece in cash back.
Some Of These Offers May Have Changed
Stacking Chase Freedom Flex Earnings With Current Promos
We are stacking deals on top of deals on top of deals here at Miles to Memories! Let’s take a look at the details and let me know if you think it will work.
Chase Freedom Flex Welcome Offer
If you signed up for the Chase Freedom Flex in the last year, or sign up now, you can earn 5%, or 5X with a premium card, back on grocery purchases. That is capped at your first $12,000 in spend within the first 12 months of card membership. If you have all of this in place we are already racking up 5X on our grocery purchases. You earn 1X per dollar plus 4X bonus on the grocery spend.
Current Stacked Earning 5X
Chase Freedom Flex Top Spend Category
Chase recently announced an awesome promo for Freedom Flex cardholders for the 4th quarter, the top spend category promo. Here are the details for the offer:
This quarter, cardmembers who activate their Q4 bonus categories will automatically earn 5% total cash back (4% in addition to their unlimited 1% cash back) on up to $1,500 in the eligible rewards category where they spend the most through Dec. 31, 2021. This offer is separate from your quarterly bonus category offer, but automatically added to your account when you activate your Q4 bonus categories.
Eligible rewards categories include:
- travel (including transit)
- home improvement stores
- select streaming services
- select live entertainment
- gas stations
- fitness clubs
- grocery stores (not including Target and Walmart purchases).
Pretty cool, right? Notice the one I highlighted there. Let’s stack that grocery spend. This will give you an additional 4X earning on the next $1,500 in grocery spend in the 4th quarter. That will stack with the 4X you are already earning on your welcome offer for grocery stores plus the 1X you earn on everything. That puts us at 9X earning already…we rollin’ people. Just make sure grocery finishes with the most spend for the quarter!
Current Stacked Earning 9X
Chase Freedom Flex 4th Quarter Categories
We are already coming out strong at 9X earning on our next $1,500 in grocery spend. If you have a Chase Sapphire Preferred to turn these into transferrable Ultimate Rewards points by combining balances that is like getting 13.5% back on your spend! That is assuming a valuation of 1.5 cents per point.
But it doesn’t stop here, we still have the Freedom Flex’s 4th quarter category to play with. Here are the details of that offer (be sure you have it activated):
Starting October 1 through December 31, cardmembers can earn 5% cash back on up to $1,500 in combined purchases. The bonus categories for Chase Freedom Flex and the discontinued Chase Freedom card are as follows:
- Cardmembers will automatically earn 5% cashback on eligible purchases made when checking out with PayPal at tens of millions of online businesses.
- Cardmembers will automatically earn 5% cashback when shopping for gifts, groceries and more when shopping at Walmart or on Walmart.com. Purchases made using PayPal at Walmart will only earn a total of 5% cashback.
You may be thinking, wait a minute there isn’t a grocery option here. That is true, Walmart could work but it is excluded on all of the grocery bonus terms so that option is out. PayPal is what we want to focus on here. It unlocks some options with a little outside the box thinking!
There are two ideas here. You can use PayPal Key with your Chase Freedom Flex and then use that created card number to order groceries online for pick up or delivery. There are also things that code as grocery that really are not groceries out there so you can try that too. Or you could set up your Flex card in your PayPal wallet and use the PayPal “show to pay” feature if your store accepts it. I am not sure how widely available this is so let us know grocery stores where it may work below. By using PayPal Key or the show to pay option you would get an additional 4X earning for that grocery purchase.
Current Stacked Earning 13X
What About People Without A Welcome Offer Attached?
What if you product changed to a Chase Freedom Flex or already maxed out the welcome offer? Do not fret my friends, I got you! You can do something similar at CVS. The card earns 3X at pharmacies and if you use the PayPal show to pay option when paying, I know they accept it at CVS, you will earn 11X on that purchase. You get 3X for the normal pharmacy purchase, 4X for the 4th quarter PayPal option and 4X for drugstores being your top spend category.
Chase Freedom Flex Earning Stacked – Final Thoughts
There you have it, you can earn up to 13X Ultimate Rewards per dollar with your Chase Freedom Flex card if you play it right and have all of these offers available. Even if you don’t have the current welcome offer attached to your account you can earn 11X at CVS, which is pretty amazing. If you have a premium card to unlock the points, and value Ultimate Rewards at 1.5 cents each, you are earning 19.5% back at 13X and 16.5% back at 11X. That is as good as it gets folks.
If you don’t already have a Chase Freedom Flex then you are missing out on the fun. I would call up Chase and do a product change from a legacy Freedom or Freedom Unlimited card if you are not eligible for the current welcome offer because of Chase 5/24 etc.