< path d="M52.6178 31.3114L44.7476 60.6733L74.1095 68.5435L81.9797 39.1816L52.6178 31.3114Z" fill="#F9C32D"/>

Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

Chase Freedom Flex℠ vs. Bank of America® Customized Cash Rewards

Choose between a rotating-bonus-category card or a tiered-rewards card.

Avatar
Steven Dashiell
Updated . What changed?
Fact checked
While they’re both $0-annual-fee cards, but the Chase Freedom Flex℠ and Bank of America® Customized Cash Rewards differ substantially in their reward structure. Chase’s card offers 5% cash back in quarterly rotating categories upon activation — on up to $1,500 in combined purchases per quarter, then 1%. BofA’s card offers 3% to 3% cash back in various everyday categories on up to $2,500 in combined bonus purchases each quarter, then 1%.

Which card wins?

It’s a little tough to compare these cards directly since their reward structures are quite different. Which you choose will ultimately come down to your spending habits. At the moment, the Chase card is a safer pick if you frequently shop at grocery stores since you can benefit from the 5% grocery category up to the cap during your first year. You also earn 5% back on Lyft rides until March 31, 2022. This is on top of the other 5% categories that rotate each quarter.

On the other hand, the Bank of America card may offer a long-term value because of its constant 3% cashback rate on select categories beyond the first year of card membership. But with the frequent reward program changes, there’s no guarantee that the long-term value will hold.

Chase Freedom Flexâ„ 

Chase Freedom Flexâ„ 

Terms apply, see rates & fees

Bank of America® Customized Cash Rewards

Bank of America® Customized Cash Rewards

Terms apply, see rates & fees
Finder rating
Finder rating

★★★★★

4.7 / 5.0

★★★★★

4.6 / 5.0
Best for
Best for
  • Long intro APR period and cash back in rotating categories
  • Best for flexibility of cashback categories
Welcome offer
Welcome offer

$200 after spending $500 in the first 3 months

$200 after spending $1,000 in the first 90 days
Rewards
Rewards

5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate.
5% cash back on travel purchased through Chase Ultimate Rewards®
3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, 1% cash back on all other purchases.

3% cash back on a chosen category and 2% at grocery stores and wholesale clubs for the first $2,500 each quarter combined, then 1% after that and on everything else
Purchase APR
Purchase APR

0% intro APR for 15 months, and then 17.24% to 25.99% variable

0% intro APR for 15 billing cycles, and then 16.24% to 26.24% variable

Annual fee
Annual fee $0 $0
Balance transfer APR
Balance transfer APR

0% intro APR for 15 months (then 17.24% to 25.99%) $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days variable

0% intro APR for 15 statement closing dates (then 16.24% to 26.24%) variable
Cash advance
Cash advance

APR: 27.24% variable

Fee: $10 or 5% of the transaction, whichever is greater

APR: 19.24% to 29.24% variable

Fee: $10 or 5% of the transaction, whichever is greater
Foreign transaction fee
Foreign transaction fee 3% of each transaction 3% of each transaction
Late payment fee
Late payment fee Up to $40 Up to $40
Additional cardholder fee
Additional cardholder fee $0 $0
Interest-free period
Interest-free period 21 days 25 days
Minimum interest
Minimum interest $0 $1.50
Minimum credit score
Minimum credit score 670 670
Card type
Card type Credit Credit
Learn more
Learn more

Read review

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site