Chase Freedom Flex Credit Score Requirements – Forbes Advisor

Chase Freedom Flex℠* A great option to earn cashback rewards with no annual fee. 5% cash back on up to $1,500 in categories that rotate quarterly (must be activated), 5% on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstore, and more Earn 1% cashback on all purchases. To be eligible for the Freedom Flex Card, you must have a good or good credit score of at least 670 or above.

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Credit Score Required for Chase Freedom Flex Card

Chase does not specify a recommended or required credit score for the Chase card, but the Freedom Flex card is one of Chase’s best options for earning cashback rewards. A good score certainly doesn’t hurt, but a particular credit score doesn’t guarantee acceptance. Financial and creditworthiness, as determined by Chase, will determine the likelihood of approval.

A score of at least 670 or higher may be required. Scores above 700 are likely to work better. Chase offers a pre-approval tool on his website, so you have good information about whether you can qualify before you apply. Please note, however, that pre-approval is not approval, it is merely a guideline to notify you that you have met the criteria for approval.

If you would like to be approved for Freedom Flex, we recommend that you wait until your credit score is at or near 700 before submitting a formal application to Chase. She recommends not to submit more than 2 applications in 6 months.

Featured Partner Offers

Up to 5% reward rate

Sign up and get 5% cashback in categories that rotate quarterly. Up to $1,500 when you register,read more

Normal APR

19.49% – 28.24% change

credit score

Very Good, Good (700 – 749)

editorial review

This card has the power to handle almost any spending need of a credit card without the exorbitant price tag. In addition, the earnings structure has been strengthened, including rotating quarterly bonus categories in areas that many households find attractive.

pros and cons

• No annual fee
• Rotating Quarterly Categories Earn 5% Rewards Upon Activation.Up to $1,500 in quarterly totals
• Travel benefits rival some of the best premium travel cards
• Generous reward rates in several other categories

• Travel must be booked through Chase Ultimate Rewards® to earn 5% cash back.

card details

• If you spend $500 within the first 3 months of opening your account, you will get a $200 bonus.
• 5% cash back up to $1,500 in categories that rotate quarterly (must be activated), 5% on travel purchases through Chase Ultimate Rewards®, 3% on restaurants and drugstores, 1% on all other purchases
• 0% annual introductory rate for 15 months from account opening for purchases and balance transfers. A variable APR of 19.49% to 28.24% is then applied. A balance transfer fee applies. See pricing and terms for details.
• No annual fee

How to improve your credit score to get Chase Freedom Flex

A Chase Freedom Flex card may require good to excellent credit, but in some cases it can improve your credit score in just a few months. A good credit score starts around 670 and a good one usually starts at 740.

Credits are typically reported by three major credit bureaus: Equifax, Experian and Transunion. Each institution uses its own scoring model, so credit scores may vary from institution to institution, but the ranges are similar. Credit scores and reports could tell us how risky it is for lenders like Chase to lend money to consumers.

There are several factors that determine your credit score. Payment history and amount owed are the two most important factors in the credit scoring model. Perhaps the easiest way to improve your credit score is to consistently pay your bills on time and keep your credit utilization under 30%. Your credit age also affects your credit score. The age of the oldest account is also an important factor.

Chase often gives current customers favorable offers on new credit cards and checking accounts. If you have a checking or credit account and have a good relationship with Chase, you are more likely to be approved for a Freedom Flex card.

What to do if your application is rejected

Even if your credit score is above 700, your Freedom Flex card may be declined for other reasons. Credit card issuers like Chase look not only at your credit score, but also the number of accounts you’ve opened in the last 12 to 24 months, your annual income, and monthly payments such as rent and other bills. Your creditworthiness and ability to pay are important factors in getting approved for almost any line of credit. Chase also has a 5/24 rule, which means that if you open more than 5 accounts in the last 2 years, you’re ineligible for a new Chase card.

Due to the Fair Credit Reporting Act, card issuers like Chase must tell applicants why their credit account was declined. You may receive a letter detailing why Chase denied your Freedom Flex application.

If there are obvious issues with the denial, you can appeal it by contacting Chase’s Reexamination Line. For example, you may be able to reverse your rejection if you made an error in processing or reporting your annual income.

Conclusion

The Chase Freedom Flex card offers lucrative cashback rewards and a $200 welcome bonus after spending $500 on purchases within the first three months of account opening for new cardholders. Chase does not specify the type of credit score recommended for eligibility, but applicants may need at least a good or excellent credit score.