Finance Monitor Your Spending on the Chase Freedom Flex 5%...

Monitor Your Spending on the Chase Freedom Flex 5% Cap – NerdWallet


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One of many key benefits of the Chase Freedom Flex℠ bank card is a rotating 5% incomes class. Each quarter, cardholders will earn 5% money again on as much as $1,500 in mixed purchases in choose classes. That’s as much as $300 money again every year.

The catch? When you move the $1,500 spending threshold, you’ll solely earn 1% money again on additional purchases in these classes. So, it’s vital to understand how a lot you’ve spent towards the restrict. That manner you may swap to utilizing a bank card that gives the next return on spending when you hit the cap.

Here is find out how to monitor your spending on the Chase Freedom Flex℠.

The Chase Freedom Flex℠ 5% incomes classes

Between January and March 2021, Chase Freedom Flex℠ cardholders earn 5% on:

  • Wholesale membership purchases.

  • Web, cable and cellphone companies.

  • Choose streaming companies.

Nevertheless, the remainder of the 2021 bonus classes gained’t be introduced till lower than three weeks earlier than the beginning of the quarter.

This makes it laborious to plan your bank card technique for the 12 months. Nevertheless, it permits Chase to stay versatile and provide classes which can be particularly related for the time — from department shops across the holidays to pick streaming companies through the pandemic.

For reference, current bonus classes have included:

  • This autumn 2020: Walmart and purchases by PayPal.

  • Q3 2020: Amazon and Entire Meals.

  • Q2 2020: Grocery shops, health membership and gymnasium memberships, and choose streaming companies.

  • Q1 2020: Gasoline stations; web, cable and cellphone companies; and choose streaming companies.

3 steps to monitoring your class spending

1. First, examine if you happen to’ve activated cash-back earnings for the quarter


First, log in to your Chase account and navigate to the Chase Ultimate Rewards® landing page. When you’ve got a number of Chase Final Rewards®-earning Chase playing cards, you’ll want to pick your Chase Freedom Flex℠ from the listing.


As soon as logged in, click on the menu button (represented by three strains) on the high left nook of the web page. Then choose “5% Classes” from the menu listing.


On this web page, Chase reveals whether or not or not you’ve activated your 5% money again for the quarter and the next quarter if registration is open. Achieve this if you have not already. Proper under the activation button for the present quarter, you’ll discover that quarter’s spending tracker.

This bar gives you a visible approximation of how shut you might be to the spending cap for the quarter. Nevertheless, it doesn’t give particulars in your precise progress. As a substitute, you’ll have to examine one other web page.

There’s just one place we’ve discovered that Chase offers a precise determine of how a lot you’ve spent towards the quarterly $1,500 spending cap.

2. Discover the Rewards Exercise web page

Navigate to the Rewards Activity page. Then, click on the “5% money again” tab on the highest menu to scroll right down to the tracker.

Right here, you may discover particulars on how a lot money again you’ve earned towards the $75 cap. Nevertheless, the figures could be a bit complicated. The values listed for every service provider symbolize the 4% cash-back bonus for the quarter, and the 1% base incomes is listed individually.

You don’t have so as to add up these values to see your bonus class cash-back earnings, although. Within the instance above, the cardholder has earned $58.48 of their $75 most money again for the quarter.

3. Work out how a lot you may nonetheless spend towards the cap

It takes a number of calculations to find out how a lot you may nonetheless spend earlier than hitting the spending cap.

Nerd tip: Subtract the quantity of cash-back earnings so removed from $75; you’ll have to divide this quantity by 5% (0.05) to learn the way way more you may spend earlier than hitting the cap.

Within the instance above, we have to subtract $58.48 from $75. Then, we divide the $16.52 outcome by 5%, which will get us $330.40. That is the quantity the cardholder can spend in bonus classes this quarter to maximise their cash-back return.

Different bonus classes of the Chase Freedom Flex℠

Whereas the 2 playing cards share comparable names, the Chase Freedom Flex℠ is a considerable enchancment over the Chase Freedom®.

The Chase Freedom® additionally earns 5% money again on as much as $1,500 in mixed purchases every quarter in choose classes, however only one% money again on all different purchases. The Chase Freedom Flex℠, nonetheless, improves on this by providing the next incomes classes:

  • 5% on journey bought by Chase Final Rewards®.

  • 3% on eating at eating places, together with takeout and eligible supply companies.

  • 3% on drugstore purchases.

Even if you happen to decide to swap this card for one with the next return after you attain the $1,500 spending cap in 1 / 4, it’s clever to maintain it useful for any of the above purchases.

The underside line

To get essentially the most out of your Chase Freedom Flex℠, you’ll need to max out your 5% cash-back earnings every quarter. However, there are many playing cards that earn higher than 1% money again on spending. So, you’ll need to swap to utilizing one other card when you hit the $1,500 restrict.

To enhance your probabilities of maximizing your cash-back earnings, frequently monitor your progress towards hitting the spending cap every quarter out of your Chase account.

Maximize Your Rewards

You desire a journey bank card that prioritizes what’s vital to you. Listed here are our picks for the best travel credit cards of 2021, together with these greatest for:

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