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2020 analysis: Chase Freedom Flex℠ vs Blue Cash Everyday® Card from American Express
Choose your bonus cashback categories: rotating or fixed.
Updated . What changed?
The main difference between the Chase Freedom Flex℠ by Mastercard and the Blue Cash Everyday® Card from American Express is the cashback rate on select categories. With the Freedom Flex, you earn 5% back on four categories — one of which rotates every quarter and two of which last for a limited time — 3% back on two categories, and 1% back on all other purchases. On the other hand, the Blue Cash Everyday earns 3% back on one category, 2% back on two categories and 1% back on all other purchases.
Head-to-head: Chase Freedom Flex℠ vs Blue Cash Everyday® Card from American Express
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
Blue Cash Everyday® Card from American Express
- Intro APR period on purchases. You'll get a 0% intro APR period on purchases for the first 15 months from account opening. After that, your rate reverts to 13.99% to 23.99% variable.
- Earn cash back. Earn 3% cash back on up to $6,000 per year, then 1% after that. You also get to earn 2% cash back at US gas stations and department stores, and 1% cash back on everything else you buy.
- Welcome offer. Get $150 bonus after you spend $1,000 on purchases in the first 3 months following your account opening.
Rewards breakdown: Chase Freedom Flex℠ vs Blue Cash Everyday® Card from American Express
It’s important to understand the rewards structure of each card as rewards are the single most important factor needed to decide between them.
Chase Freedom Flex℠ rewards
These are the rewards for the Chase Freedom Flex℠:
- 5% cash back in quarterly rotating categories on up to $1,500 in combined purchases each quarter, then 1% after that
- 5% cash back at grocery stores on up to $12,000 for the first year
- 5% cash back on Lyft rides through March 2022
- 5% back on travel purchase through Chase Ultimate Rewards
- 3% back at drugstores
- 3% back at restaurants, including takeout and delivery
- 1% cash back on all other purchases
What are Chase Freedom Flex’s bonus categories?
These are the Chase Freedom Flex℠ bonus categories for 2020:
- January to March: Gas stations, select streaming services, Internet, cable and phone services.
- April to June: Grocery stores — excluding Walmart and Target purchases — and fitness club and gym membership.
- July to September: Amazon.com and Whole Foods Market.
- October to December: Holiday categories. Specifics will be announced.
Rotating categories aren’t the same every year. You might see categories such as mobile wallets, warehouse spending, department stores and phone service merchants.
How to maximize your rewards with the Chase Freedom Flex℠
The best tip for squeezing the most rewards from your Chase Freedom Flex℠? Spend more in bonus categories, but on things you’ll need anyway in the near future. For a full break down, read more about earning Chase Ultimate Rewards points.
Blue Cash Everyday® Card from American Express rewards
These are the rewards for the Blue Cash Everyday® Card from American Express:
- 3% cash back at US supermarkets on up to $6,000 in purchases per calendar year, then 1% after that.
- 2% cash back at US gas stations and select US department stores.
- 1% cash back on other eligible purchases.
These are fixed bonus rewards in everyday categories. This makes the card an especially good choice if, for example, the bulk of your spending is in groceries or gas.
While the Blue Cash Everyday® Card from American Express offers bonus rewards in categories like US supermarkets and US gas stations, it offers just 1% cash back on other eligible purchases.
To boost your rewards, consider using a flat-rate cashback card for the Blue Cash Everyday® Card from American Express‘s non-bonus categories. The Citi® Double Cash Card is a great choice, offering 1% cash back on all purchases and another 1% as you pay them off.
Chase Freedom Flex℠ vs Blue Cash Everyday® Card from American Express: Who wins in other benefits?
The cards are relatively similar in other respects, though they still have differences.
Annual and foreign transaction fees.
You won’t pay an annual fee with either card.
However, both cards charge foreign transaction fees. Chase’s card has a 3% fee and Amex’s has a 2.7% fee. If you’ll be traveling abroad, pick up a no-foreign-transaction fee card.
- Winner: Blue Cash Everyday® Card from American Express
Both offer a $200 signup bonus if you hit a spend requirement within three months of account opening. The Chase Freedom Flex℠ requires a lower spend to earn it — $500 within the first three months versus $1,000 for the Amex card. This could be relevant if you’re not sure whether you’ll meet the spending requirement within the specified time. Also, the Freedom Flex card offers the 5% back at grocery stores on up to $12,000 for the first yearof card membership as a part of the signup bonus. If you max out both bonuses, you would earn a massive $800 back with the Freedom Flex card.
- Winner: Chase Freedom Flex℠
Both cards offer an intro APR of the same length on purchases. Each offers similar ongoing APRs, though you may receive a lower APR with the Amex card. At the time of this writing, neither offer an intro APR on balance transfers.
Keep in mind that scoring the lowest APR likely requires an excellent credit score.
- Winner: Tie
Interest grace period
The Chase Freedom Flex℠ has a 21-day grace period, while the Amex card has a 25-day grace period. This might be significant if you typically need a few more days to pay your bill each month before accruing interest.
- Winner: Chase Freedom Flex℠
The Chase Freedom Flex℠ doesn’t have a penalty APR. Meanwhile, the Blue Cash Everyday® Card from American Express has a 29.24% variable penalty APR that may be assessed if you make a late or returned payment.
- Winner: Chase Freedom Flex℠
Compare similar credit cards
If you’re not convinced about either card, you may want to check out other American Express or Chase credit cards. Use the table below to compare similar cashback cards or other credit cards with no annual fee.
Bottom line: Chase Freedom Flex℠ vs Blue Cash Everyday® Card from American Express
There’s no doubt about it — the Chase Freedom Flex℠ is a way more rewarding option than the Blue Cash Everyday Card. In fact, there’s not a single segment where the Blue Cash Everyday beats the Freedom Flex to make it the better choice.
The Chase Freedom Flex℠ is already rewarding enough on its own. But to maximize the rewards, consider adding the Freedom Unlimited and Chase Sapphire Reserve® to your wallet to make the Chase trifecta combo.
But if none of these cards seem appealing enough, compare other cashback cards.
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