Is flex a good card?

The Chase Freedom Flex℠ card is best for consumers who don't want to pay an annual fee and still earn rewards on all their spending. It's an especially fitting choice for those who can appreciate rotating bonus categories, and can leverage them to maximize their rewards potential.

Is Flex card a credit card?

No. The Flex Card is a special-purpose Visa Card that can be used only for eligible health care/benefits expenses. It cannot be used, for instance, at gas stations or restaurants. There are no monthly bills and no interest.

Is Chase Flex worth it?

The Chase Freedom Flex℠ is a perfect fit for optimizers looking to squeeze the most out of their spending. It offers a massive bonus, and the card's rotating 5% bonus categories can yield $300 per year if you max them out.

How much does Flex card cost?

The first two cards are free. There is a $5.00 fee for each additional or replacement card, which will be debited from your flex account.

Who is behind Flex card?

According to Chase, the Freedom Flex is the “first new Chase branded consumer credit card with Mastercard in over five years.” You can read more about the card's various World Elite Mastercard benefits, here.

Flex is the best card in this deck...

Can I use my Flex card for groceries?

It works just like a prepaid credit or debit card and can have multiple options for use, including online purchases. Use it for those expenses you are eligible to receive an allowance for such as groceries, over-the-counter health items, and utilities.

What is a flex card for Social Security?

Flex cards are debit cards beneficiaries can use to purchase medical equipment and items. Typically linked to a flexible spending account, these cards are a benefit linked to qualifying health plans throughout the nation.

How do you qualify for a Social Security Flex Card?

To be eligible for a flex card, you must be enrolled in a health insurance plan that includes a flexible spending account. The senior flex card is usually linked to a Medicare Advantage plan. These optional plans combine Medicare and additional services into healthcare packages tailored specifically for seniors.

How do I get a flex card from Medicare?

To apply for flex card benefits, contact your Medicare Advantage provider. There is no enrollment period since not all insurers offer these cards, and those that do may have different rules about the amount of money these cards carry along with the services they cover.

Do seniors get a flex card?

The Flex card for seniors is not something that's offered by Medicare. It's offered through private Medicare Advantage plans and only available in specific areas around the country. The Flex card is NOT a cash card and can't be used to get FREE money or cash back.

Does Flex hurt your credit?

A: No. Signing up for a Flex account won't affect your credit. Flex performs a soft credit inquiry with TransUnion during the application process to ensure that you are eligible to use Flex. Soft inquiries won't show up on credit bureau reports requested to evaluate your credit-worthiness.

Does Flex run your credit?

During the application process, Flex runs a soft credit check on the resident which does not affect their credit score.

What credit score do you need for Flex?

You'll need a good to excellent credit score (a FICO score of 670 or higher) to qualify for the Freedom Flex.

What can I buy with my Flex card?

Blood pressure monitors aren't the only at-home medical devices you can purchase with your FSA. You can also buy oximeters, stethoscopes, home medical tests, glucose tests and monitors, CPAP accessories, medical alert devices, emergency equipment such as a defibrillator, inhalers and respiratory masks.

Is the Flex card a government program?

A flex card is not affiliated with the government, and you get it from a private insurer that offers a Medicare Advantage plan.

What is a government flex card for seniors?

The Centers for Medicare and Medicaid Services (CMS) has allowed private insurance companies to offer a new benefit-like-debit card (flex card). This card would allow beneficiaries to use funds from the private insurance carrier for medical services.

Can I withdraw money from my flex card?

Unfortunately, FSA cards cannot be used to withdraw FSA funds from an ATM. These cards can only be used directly on qualifying medical products and services. This comes from the fact that FSA funds are pre-tax and cash cannot be easily monitored for eligible purchases.

Can I use my flex card at Walmart?

However, you can make your purchase using your FSA card in-store at Walmarts. However, you can not just buy anything you want with your FSA card. There are some specific items that you can buy with your FSA card. Swipe your FSA debit card to pay for the needed items after scanning them at the checkout counter.

What is the $900 grocery stimulus for seniors?

$900 Grocery Stimulus Benefit under Medicare Advantage and SNAP For Seniors. With higher than normal inflation, many seniors on fixed incomes are looking for help to make ends meet and ensure they have access to healthy and nutritious food.

Why can't I get approved for Flex?

Flex evaluates your eligibility using a variety of factors including your credit report information, your banking information, and other information about your payment history. Generally, customers who are fair or better credit, with sufficient deposits and average bank balances will qualify for Flex.

What happens if I miss a flex payment?

You can continue to use Flex as long as you reschedule all missed payments and have no outstanding balance at the end of the month. You can reschedule your second payment of each month on the Flex app or send a reschedule request to the Flex team HERE.

Is flex pay a loan?

A flex loan isn't really a loan at all — it's an unsecured open line of credit. If your loan application is approved, you can withdraw cash at any time up to your approved credit limit, which can be a few hundred to thousands of dollars, depending on the lender and how much you're borrowing.

Does Flex charge a monthly fee?

Flex charges the standard monthly membership fee of $14.99 on the 15th of the month.

Does Flex charge a fee?

Flex also charges a payment processing fee, a percentage of the monthly rent payment based on the chosen payment method (0.75% for debit card and 3% for credit card), assessed on each repayment. For example, if your rent amount is $1,000, the payment processing fee for a debit card is $7.50 ($1,000 * 0.0075).

What is the limit of Flex pay?

Loan up to Rs. 2,00,000: At FlexPay, the instant credit limit range starts from Rs. 4000 up to Rs. 2 lacs.