Now that it’s a new year, that also means we can start taking advantage of the Q1 2021 5x points categories. Note that these same bonus categories are also valid for the Chase Freedom Card, which is no longer open to new applicants.
Why I Love The Chase Freedom Flex Card
The Chase Freedom Flex Card is easily one of the best no annual fee cards out there, as it offers 5x points in rotating quarterly categories, for up to $1,500 of spending per quarter. Most people use this as a cashback card, meaning the 5x points really translates into 5% cashback in these categories.
The card has other bonus categories as well, as it offers 3x points (or 3% cash back) at drugstores and on dining.
The best part is that in conjunction with the Chase Sapphire Preferred® Card (review), Chase Sapphire Reserve® Card (review), or Ink Business Preferred® Credit Card (review), points earned on this card can be converted into Ultimate Rewards points, and be transferred to the Ultimate Rewards airline and hotel partners.
Since I value one Ultimate Rewards point at significantly more than one cent, that’s my preferred use of those points.
Chase Freedom Flex Q1 2021 Bonus Categories
In the first quarter of 2021, the Freedom Flex Card is offering 5x points on the first $1,500 spent with wholesale clubs, internet, cable, and phone services, and select streaming services. As far as key dates go:
- You need to register between December 15, 2020, and March 14, 2021
- If you register, you’ll earn 5x points between January 1 and March 31, 2021
How To Register Your Chase Freedom Flex Card
Registration is easy — just go to the registration page and enter your last name, billing zip code, and the last four digits on your card, and you’ll be registered.
What’s Included With Chase Freedom Flex Bonus Categories?
There’s often some confusion about what purchases qualify with the bonus categories, so let me recap Chase’s definitions.
The wholesale clubs category includes the following:
These merchants operate warehouse-style retail stores, sell in bulk, and concentrate on price appeal. Merchants sell a full range of household goods and merchandise, groceries, furniture, electronics, appliances, and auto supplies. These merchants may or may not have membership requirements. Gas, fuel, wholesale specialty service purchases such as travel, insurance, cell phone and home improvement will not qualify in this category. Delivery service merchants will be included if they classify as a wholesale club merchant.
The internet, cable, and phone services category includes the following:
Only purchases for internet, cable, satellite television and radio, cellular, wireless data, and landline services will qualify. Purchases of equipment are not included. If you purchase or pay for your internet, cable and satellite television, phone or related services in a merchant’s store that is not classified by the merchant in the applicable services category, the purchase or payment will not qualify; for example, phone bill payments in a merchant’s store that is classified as a telephone equipment store.
The streaming services category includes the following:
Merchants in the Select Streaming Services category specialize in delivering music and video content over the internet. Only subscription services paid for with the following select merchants will qualify for this offer: Disney+, Hulu, ESPN+, Netflix, Sling, Vudu, Fubo TV, Apple Music, SiriusXM, Pandora, Spotify and YouTube TV.
My Take On Chase Freedom Flex Q1 2021 Bonuses
Personally the Q1 2021 bonus categories on the Chase Freedom Flex are probably my least favorite bonus categories we’ve seen in a while, based on my spending patterns. Actually, I doubt I’ll be able to use this at all:
- I don’t have a membership in a wholesale club
- I already earn 5x points on internet, cable, and phone services, with other cards
- I don’t pay for many streaming services, and for those that I do, we’ve seen all kinds of credit and bonus points opportunities already
I understand wholesale club members will probably love this quarter’s bonus, but for the rest of us…
How To Make Chase Freedom Flex Points Even More Valuable
To recap, you earn points on the Chase Freedom Flex, and each point can be redeemed for one cent cashback.
However, if you have this card in addition to one of the cards that accrue Ultimate Rewards points, you can transfer these points to Ultimate Rewards. Cards that accrue Ultimate Rewards Cards include the:
So 5% cashback converts into 5x Ultimate Rewards points per dollar with one of the above cards.
Chase Freedom Flex Bonus Summary
The Chase Freedom Flex is one of the best no annual fee cards out there, thanks largely to the ability to earn 5x points in rotating quarterly categories.
The first quarter 2021 bonus categories have just gone live on the card, and you’re now able to earn 5x points on the first $1,500 spent with wholesale clubs, internet, cable, and phone services, and select streaming services.
What do you make of the first quarter 2021 Chase Freedom Flex bonus categories?