It’s hard to beat the Amazon Prime Rewards Visa Signature Card if you’re a dedicated Amazon shopper with a Prime membership. However, if you’re planning a big purchase and need a card with a solid intro APR period, generous sign-up bonus and robust cashback program, a card that might serve you better is the Chase Freedom Flex℠. It’s also a Chase credit card, so check your 5/24 status before applying.
Enjoy a 0% Intro APR on Purchases for 15 months. After, a 14.99% - 23.74% variable APR applies.
Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. And earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year. That’s a easy-to-earn sign-up bonus with a relatively low spend requirement.
For ongoing rewards: Earn 5% cash back on eligible purchases in rotating categories, 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all other purchases. Note that the 5% rate on rotating categories is capped at $1,500 spent per quarter, after which your rate will drop to 1% in that category. If you max out the $1,500 spend, that’s $75 in cash back.
While the rotating categories change from year to year, examples of past categories include Amazon.com and Whole Foods Market, gas stations and home improvement stores, grocery stores (excluding Target and Walmart) and select streaming services.
In addition, the Chase Freedom Flex℠ comes with helpful benefits such as cellphone protection (up to $800 per claim with a $50 deductible, max of $1,000 reimbursement per year), purchase protection, extended warranty protection, trip cancellation and interruption insurance and auto rental collision damage waiver.
The Chase Freedom Flex℠‘s annual fee is $0. Unfortunately, it does come with a foreign transaction fee of 3% of each transaction in U.S. dollars, so leave this card at home if traveling outside the United States.