Chase Freedom Flex

In A Nutshell

The Chase Freedom FlexSM offers an enticing $200 sign-up bonus after spending $500 in the first three months. Plus cash back rewards on travel, dining, drugstore and every day purchases with rewards that never expire. All for no annual fee!

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In A Nutshell

The Chase Freedom FlexSM offers an enticing $200 sign-up bonus after spending $500 in the first three months. Plus cash back rewards on travel, dining, drugstore and every day purchases with rewards that never expire. All for no annual fee!

Read review
Credit Score Requirements: Credit Score requirements are based on 573’s own research of approval rates; meeting the minimum score will give you the best chance to be approved for the credit card of your choice. If you don’t know your credit score, use our free credit score estimator tool to get a better idea of which cards you’ll qualify for. *573 uses a FICO 8 score, which is one of many different types of credit scores. *A creditor may use a different score when deciding whether to approve you for credit. ?
  • Good
  • Excellent
Poor 500-599
Fair 600-699
Good 700-749
Excellent 750-850

What We Like:

  • Awesome $200 cash back bonus after spending $500 on purchases in the first 3 months from account opening.

  • Earn 5% cash back on travel booked through Chase Ultimate Rewards(R) and on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter, plus earn 1% on all other purchases.

  • 0% Intro APR on purchases and balance transfers for 15 months from account opening on purchases, then a variable APR of 19.24% – 27.99%.

  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • 5% cash back on travel purchased through Chase Ultimate Rewards(R), our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more
  • 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1% cash back on all other purchases.
  • No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 19.24% - 27.99%.
  • No annual fee - You won't have to pay an annual fee for all the great features that come with your Freedom FlexSM card
  • Keep tabs on your credit health - Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.
Intro APR Purchases
0% Intro APR on Purchases for 15 months
Intro Term Purchases
15 months
Intro APR Balance Transfers
0% Intro APR on Balance Transfers for 15 months
Intro Term Balance Transfers
15 months
Regular APR
19.24% - 27.99% Variable
Annual Fee

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The Chase Freedom Flex℠ offers an introductory APR of 0% Intro APR on Purchases for 15 months and a 0% Intro APR on Balance Transfers for 15 months. After the intro rate, the APR range is 19.24% - 27.99% Variable with a $0 annual fee.

With the Chase Freedom Flex you’ll also have a lot of cash back earning opportunities: 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate, 5% cash back on travel booked through Chase Ultimate Rewards®, and 3% back on drugstore and dining purchases.  Plus 1% unlimited cash back on all other purchases.

Finally, an enticing bonus to new cardholders: you can earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.

Read our full review of the Chase Freedom Flex℠.

What exactly is good credit?

Good credit is often in the eyes of the beholder – or in this case, the lender. There are different definitions of good credit based on various loan types. The credit score range may be different depending on whether you’re applying for a credit card, an auto loan, or a mortgage.

According to Experian – one of the three major credit bureaus (Equifax and TransUnion are the other two) – good credit is considered to be credit scores between 670 and 739. People in the good credit range are 21.5% of the population.

Once again, not all lenders use that standard. With some lenders, a credit score below 700 is viewed as more in the fair range. Still, others may consider 700 or 720 as the beginning of excellent credit. At those score ranges, you’ll begin to experience preferential interest rates and pricing on most loan types you apply for.

If you don’t know your credit score, check out our credit score estimator tool.

Let’s look at what kinds of loans are available for you if you have good credit.

Common document requirements for a loan application when you have good credit

Below is a list of documentation commonly required for loans of all types. Exactly which items you’ll be required to furnish will depend on the lender and the kind of loan you’re applying for.

  • Your most recent pay stub and W-2(s) to document your income.
  • Evidence of Social Security or pension income (award letter or 1099).
  • Contact information for your employer (the lender will verify your employment directly).
  • Copies of completed income tax returns for the past two years, if you’re self-employed or work on commission.
  • Make, model, and value of your car; VIN number if you’re applying for an auto loan.
  • If you’re paying or receiving child support or alimony, list the amount you’re paying or receiving.
  • Bank or brokerage statements, or even retirement account statements.
  • Written explanations for late payments or other credit problems that may show up on your credit report.

How to move from good credit to excellent credit

Excellent credit is considered a credit score of 740 or better. Now you don’t need a credit score this high to get through in life. But it’s still a goal worth pursuing, and here’s why:

An excellent credit score can get you the very best financing deals available. Small differences in interest rates can add up to thousands of dollars over the life of the loan.

A single 30-day late payment can drop your credit score by 50 points. It happens in the real world, sometimes by mistake. If your credit score is well north of 740, a 50-point drop will bring it down to the good credit level. If you’re at 700, a similar drop will bring you down to 650, which is fair credit.

Strategies to improve your credit

It can be difficult to improve on an already good credit score. It’s likely you’ve been making your payments on time, and for a very long time. There’s no way to improve on that, but here are a few strategies to enable you to go from good to excellent credit:

Monitor your credit on a regular basis, and be on alert for errors

You can monitor your credit through multiple different services. If you find any errors on your credit report, correct them with the creditors immediately.

Hint: if you have a credit monitoring service, they’ll alert you when they find any errors and will start the correction process for you.

Open a variety of accounts

One of the factors that determine your credit score is the type of debts and accounts you have. It looks better to have multiple accounts that you make timely payments for each month. So if you pay a credit card bill, a mortgage, and your student loan each month, your credit score will definitely thank you.

Pay down debt

Your credit utilization affects your credit score as well. So if your credit card constantly has a high balance, you’ll never get to an excellent credit score. So I suggest that you work on paying down your debt with two proven methods: the snowball payoff method or the avalanche payoff method.

With the snowball method, you’ll pay off your debts from smallest balance to largest balance. But with the avalanche method, you’ll pay off your balances from their highest interest rate to the lowest interest rate.

FAQs about personal loans for good credit

You’ll find rates below 10% APR if your credit is in the good range. You can also sometimes get even lower rates by setting up autopay.
If you have good credit, it’s easier than ever to shop around for a loan. Look for sites (like Credible and Fiona) that shop multiple quotes to get a feel for the rates being offered.
You may see your credit score drop slightly after closing on a new loan. But lenders also give you the opportunity to pay your loan on time each month and boost your score again.
Having a good credit score helps you qualify for the best loan terms, especially interest rate. But it’s not the only factor a lender uses to make a loan offer. They also look at your debt-to-income ratio, which compares your monthly income to how much debt you already have to pay each month. Your new loan amount will be based on how much more debt the lender thinks you can manage.
Most banks and online lenders offering personal loans will encourage good credit borrowers to qualify. Check out our lender recommendations as a starting point for your loan search.


To move your credit from good to excellent, slow and steady wins the race. You’ll want to avoid doing anything dramatic, while at the same time gradually paying down your debts.

And if you can move from good to excellent credit, you’ll find yourself sitting atop the credit food chain. It’s a nice place to be.

Read more:

Marcus By Goldman Sachs® Offer Terms and Conditions - Your loan terms are not guaranteed and are subject to our verification of your identity and credit information. Rates range from 6.99% to 24.99% APR, and loan terms range from 36 to 72 months. For NY residents, rates range from 6.99%-24.74%. Only the most creditworthy applicants qualify for the lowest rates and longest loan terms. Rates will generally be higher for longer-term loans. To obtain a loan, you must submit additional documentation including an application that may affect your credit score. The availability of a loan offer and the terms of your actual offer will vary due to a number of factors, including your loan purpose and our evaluation of your creditworthiness. Rates will vary based on many factors, such as your creditworthiness (for example, credit score and credit history) and the length of your loan (for example, rates for 36 month loans are generally lower than rates for 72 month loans). Your maximum loan amount may vary depending on your loan purpose, income and creditworthiness. Your verifiable income must support your ability to repay your loan. Marcus by Goldman Sachs is a brand of Goldman Sachs Bank USA and all loans are issued by Goldman Sachs Bank USA, Salt Lake City Branch. Applications are subject to additional terms and conditions. Receive a 0.25% APR reduction when you enroll in AutoPay. This reduction will not be applied if AutoPay is not in effect. When enrolled, a larger portion of your monthly payment will be applied to your principal loan amount and less interest will accrue on your loan, which may result in a smaller final payment. See loan agreement for details.

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About the author

Total Articles: 145
Since 2009, Kevin Mercadante has been sharing his journey from a washed-up mortgage loan officer emerging from the Financial Meltdown as a contract/self-employed “slash worker” – accountant/blogger/freelance web content writer – on Out of Your He offers career strategies, from dealing with under-employment to transitioning into self-employment, and provides “Alt-retirement strategies” for the vast majority who won’t retire to the beach as millionaires. He also frequently discusses the big-picture trends that are putting the squeeze on the bottom 90%, offering work-arounds and expense cutting tips to help readers carve out more money to save in their budgets – a.k.a., breaking the “savings barrier” and transitioning from debtor to saver. He’s a regular contributor/staff writer for as many as a dozen financial blogs and websites, including 573, Investor Junkie and The Dough Roller.