Chase in partnership with Mastercard unveils new Freedom Flex credit card & cash back offerings
By Pavithra R
Chase, the U.S. consumer and commercial banking business of JPMorgan Chase & Co., has announced the launch of Freedom Flex credit card and new cashback offerings for Freedom Unlimited, both available starting September 15, 2020.
The no-fee credit cards are reimagining the current cashback category by offering cardmembers with opportunities to earn 3% on drug store purchases, 5% on travel purchased through Chase Ultimate Reward, 5% on bonus quarterly categories such as grocery stores, select streaming services, and many others, 3% when dining out or with takeout, and eligible delivery, as well as 1% unlimited cash back on all other purchases.
Freedom Flex is the newest Chase branded consumer credit card launched in partnership with Mastercard. Its cardmembers will also enjoy access to Mastercard’s World Elite Benefits and rotating 5% cash back bonus categories. Besides, they will also have access to Priceless Experiences, offering activities both digitally and in the cities. Flex and Unlimited cardmembers will also receive previously announced benefits with Lyft and DoorDash.
“Flex and Unlimited are the next evolution of the Chase Freedom credit card suite and challenge the status quo for what consumers expect from a no fee, cash back card. Earning cash back on dining, including takeout and delivery, drug stores and travel through Chase Ultimate Rewards provides immense value for customers in both the immediate and long term,” said BJ Mahoney, General Manager of Chase Freedom.
New Freedom Flex and Unlimited cardmembers will receive $200 cash back after spending $500 on purchases in the first 3 months, plus 5% cash back on grocery store purchases for the first year (on up to $12,000).
“Today’s consumers are seeking accessible financial products tailored to their individual and evolving needs. We’re thrilled to partner with Chase on Freedom Flex, which rewards cardholders for their everyday spending while also providing access to unique and relevant experiences,” said Linda Kirkpatrick, President, U.S. Issuers at Mastercard.
Recently, Mastercard introduces new suite of frictionless solutions to reimage physical shopping experience.
Chase is a leading global financial services firm with assets of $3.2 T and operations worldwide. It serves nearly half of America’s households with a broad range of financial services, including personal banking, auto financing, credit cards, mortgages, investment advice, small business loans, and payment processing.