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Chase Freedom Flex℠ vs. Bank of America® Cash Rewards credit card
Choose between a rotating-bonus-category card or a tiered-rewards card.
Credit Card Guides
While they’re both $0-annual-fee cards, but the Chase Freedom Flex℠ and Bank of America® Cash Rewards credit card 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 2% to 3% cash back in various everyday categories on up to $2,500 in combined bonus purchases each quarter, then 1%. The Bank of America card also comes with an intro APR on balance transfers, which could help you save some money before you start your reward journey.
Summary of card features
Chase Freedom Flex℠
- Huge potential signup bonus worth up to $800
- 5% back in rotating categories on up to $1,500 quarterly, then 1%
- 5% on travel purchased through Chase
- 3% on dining and drugstores
- 1% on all other purchases
- Intro APR on purchases
Bank of America® Cash Rewards credit card
- $0 annual fee
- Earn up to 3% cash back on purchases
- Intro APR on purchases and balance transfers for the first 15 statement closing dates
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.
Compare cashback credit cards
If neither of these cards sound like a fit, you have plenty more options to choose from. Compare the full range of cashback cards to find one that best suits your spending habits. Here’s a side-by-side comparison of your cashback options. Select your credit score below and click Show cards to start browsing.
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