It’s hard to beat the Prime Visa 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, as well as a solid balance transfer intro APR, 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 20.49% - 29.24% variable APR applies.
There is also a 0% Intro APR on Balance Transfers for 15 months. After, the regular APR will be 20.49% - 29.24% variable. The balance transfer fee is either $5 or 5% of the amount of each transfer, whichever is greater.
Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. Plus, earn 5% cash back on grocery store purchases (excluding Target and Walmart) 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: 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter! Plus, earn 5% cash back on travel purchased through Chase Ultimate Rewards®, 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.