Chase Freedom Flex Review: 5x Points & No Annual Fee

Ben, you mention that current legacy Freedom cardholders can either keep their Freedom card or product-change to the Freedom Flex. Why would a product change ever be a good strategy, as opposed to keeping the legacy Freedom card and applying for a Freedom Flex card, when the Freedom Flex is considered a separate product and offers a welcome bonus? On top of that, maintaining both cards doubles the quarterly limit on 5x bonus points from the rotating categories.

@ Even -- While I'd do what I can to apply outright, some may choose to product change because they're over the 5/24 limit, or because they're close to the limit. If that limit is at all a consideration, then the question becomes which Chase card it makes the most sense to apply for.

If someone is at 4/24, they may prefer to apply for another Chase card with a bigger bonus, rather than the Freedom Flex.

But otherwise it absolutely is worth applying for the card outright.

Can you downgrade to this card from chase Saphire preferred and get the sign up Bonus and perks?

@ BD -- If you've had your Sapphire Preferred for at least a year you should be able to downgrade. However, you'll probably get a new card number, since you'll go from a Mastercard to Visa. When you downgrade cards you don't receive the sign-up bonus, but you do generally receive the ongoing perks. So if you want the bonus, you'll want to apply outright.

wow another 5 star ratings for this credit card