Compare the Features and Benefits of Chase Freedom Flex and
Chase Sapphire Reserve for Business℠

This is a primary card in the Chase Trifecta, which includes a Chase Sapphire Preferred or Chase Sapphire Reserve, a Chase Freedom Unlimited, and this card, the Chase Freedom Flex. You’ll earn 3% on dining and drugstore purchases with the Freedom Flex. But whereas the Freedom Unlimited gives you 1.5% cash back on other spend categories, The Flex earns only 1%. That is because it has the rotating 5% bonus categories.

The rotating bonus categories each quarter can be fantastic. Amazon is a popular choice, meaning you’d earn 7,500 Ultimate Rewards points ($75) if you spent $1,500 during that quarter.

Since the Chase Freedom Flex is a pure cash back credit card unless you also have a Chase Sapphire Preferred®, Sapphire Reserve®, or Ink Business Preferred® with which to combine your Chase Ultimate Rewards points, it’s ideally used as part of a combo.

When you hold one of these premium Ultimate Rewards-earning credit cards, you can transfer points earned on the Freedom Flex to the premium card. Once you’ve moved the Ultimate Rewards over to the premium credit card, you can take advantage of points transfers to 12 Chase airline and hotel partners or book travel through the travel portal.

Best of all, you can accrue cash back on this card and decide to add a Chase Sapphire Preferred®, Sapphire Reserve®, or Ink Business Preferred® later on – if you suddenly decide that you’d like to delve into the world of credit card rewards that transfer to frequent flyer and hotel programs to book free award flights and hotel nights.

If you book through the travel portal and have a Sapphire Reserve, your points redeem for 1.5 cents each, meaning that you earn 1.5X points or cash back per dollar and redeem them for 1.5X, giving you an effective 2.25% return on your spend.

If you book through the travel portal and have a Sapphire Preferred, or Ink Business Preferred, your points redeem for 1.25 cents each, meaning that you earn 1.5X per dollar and redeem for 1.5X, giving you an effective 1.875% return on your spend.

But our absolute favorite way to redeem is always via airline and hotel transfer partners. The easiest high-value redemption is usually Hyatt. We often get better than 2 cents per World of Hyatt point. Keep in mind that Hyatt doesn’t charge any resort fees when you stay on a free night award. So let’s say you are looking at a hotel with a cash price of $259 and a $25 a night resort fee and 8% tax. That would come to $307 a night. But if that same room costs 8,000 or 12,000 Hyatt points, you could be using your points (which transfer at an even 1:1 ratio to all airline and hotel partners) with a rate of return of 3 – 4 cents.

To be clear, if you don’t also have a Chase Sapphire Preferred®, Sapphire Reserve®, or Ink Business Preferred®, the rewards earned with the Chase Freedom Flex are purely cash back rewards.

That said, even without a card combo, it’s still a solid card to earn cash back, including 3% on dining , including takeout and eligible delivery services, and drugstores) since it has no annual fee.

The Chase Freedom Flex credit card comes with a solid range of benefits for a card with no annual fee. You’ll get Purchase Protection and Extended Warranty on the shopping side and you’ll be taken care of on canceled or shortened pre-paid trips if a covered reason arises. with the included Trip Cancellation/Interruption Insurance.

💳 This card earns Chase Ultimate Rewards points. Chase often runs transfer bonuses where you can get even more points when you transfer to airline or hotel partners at designated times. Transfer bonuses are awesome. Get 20%, 30%, 40% or more bonus miles when you transfer points at the right times. But they are easy to miss!

You can see all past Transfer Bonuses from Chase Ultimate Rewards here.

Even better? Get notified when a new transfer bonus comes out and again before it ends (either or both, your choice). Sign up for free alerts right here. 🔔

The Chase Sapphire Reserve for Business is clearly marketed at very high spending businesses that value the benefits and statement credits on offer. That’s why it has a high spending pay-in-full limit that also has Flex for Business, a credit line which allows payments over time with interest.

If you need a less powerful but still amazing Chase Business credit card, you can still get the Chase Ink Business Preferred® card with just a $95 annual fee.

However, I want to highlight one underrated feature that sets this card apart for any business owner with a super high level of ad spend. I want to highlight that the card earns 3X points on social media and search engine advertising. Before you say “so does the Chase Ink Business Preferred® card!,” let me remind you that the Ink Preferred is capped at $150,000 a year on all 3X spend combined.

If you spend a million dollars a year (and I know many small growing businesses that spend in the millions on social media and search engine advertising), you are earning 3 million Chase Ultimate Rewards points which we value at 1.75 cents per point due to the power unlocked with their airline and hotel transfer partners. So using our valuation, $1MM in annual spend on this category is worth $52,500 a year in rewards value. Now to be clear that is an average value for your points, but this card has Points Boost where you can redeem at 2 cents a point for a variety of (always changing) luxury oriented air and hotel redemptions in the Chase Travel℠ portal. Used that way, $1MM in social media and search engine advertising is worth $60,000 in Points Boost travel.

That’s, well, insane…. and if you are a high spender in those categories, you’ll probably want this card now before I go further.

Let’s say that’s not your reason, though.

When you look at the features and benefits outlined above, it’s easy to see how this card provides great value for the right small business owner. The $300 annual travel credit is valid on any travel and is therefore extremely easily used. That brings it down to a level where you are looking at $95 more in value to break even or come out ahead – maybe way ahead. We firmly believe that high annual fees are simply an opportunity to see if you can get more value from the fees – with minimal effort – than you are paying. And the annual fee on a small business card should be a deductible expense for your business (not financial advice).

It’s hard to see not being able to get $100 from the bi-annual $50 credit for GiftCards.com, for example. Between that and the $300 travel credit, we are only looking to offset $395 more to make the annual fee worth it.

I’ll make it simple: look at the Unique Card Benefits section and Annual Statement credits sections above, add to that the lounge access for your and 2 guests, and see if you are ahead before breaking out a pen and paper. If so, this card is a match for you. If you really struggle to see what you’d use, then maybe not…

But don’t forget the bonus categories. In addition to the 3X on social media and search engine advertising purchases, you’re getting 4X on airfare and hotels booked directly. That’s the highest multiplier we know of for a business card when booking directly in these categories. And if you don’t mind booking via Chase Travel, then it’s even better with all travel earning 8X points.

Here’s a reminder on where you can transfer your Ultimate Rewards points besides redeeming via Chase Travel / Points Boost:

The bottom line is this card is packed with opportunities to absolute crush it in value whether through the bonus categories, card benefits, and statement credits. If this card is for you, you already know it.

Note that you cannot product change into this card from any other Chase card. You can only apply outright.

This card is also mentioned in the article Business Credit Cards That Don’t Report to Personal Credit Bureaus.