Chase - Flexible Rewards Review

 Chase Flexible Rewards

 I don't even remember how I ended up with this card.  I have several of them due to the WaMu consolidates, but this was my original chase card, which converted from something else.

Their online interface is extremely easy to use.  Getting balances, redeeming rewards and paying your bill is extremely user friendly. 

As for the rewards, that is the drawback here.  1% does not set the world on fire and there are very few things under 5000 points that can be exchanged on a 100 point for $1 basis unless they have a special offer going, which has happened, but it is rare and you have to want the special offer.  You will be taking a 15%-40% discount on your points in order to redeem them, ie your 3000 points will get you possibly $20 of value. Getting 5000 or more points should yield $50 of value, but there is very little reason to put $5000 on this card.  I would note that they do occasionally have offers of 3x points over certain time periods for every purchase.  This is usually around the holidays.  Also, Chase makes it easy to tap your credit line for cash - but it is expensive to do so and should be last resort.

 Summary - If you have this card, no reason not to hold it for the occasional 3x point offer if you are going to spend $5000 or more and you don't have a better options.  Plenty of better cards if you are looking for something new.