Chase Freedom Flex℠ vs SoFi Everyday Cash Rewards Credit Card
Side-by-side comparison
| Chase Freedom Flex℠ | SoFi Everyday Cash Rewards Credit Card | |
|---|---|---|
| Annual fee | No annual fee | No annual fee |
| Welcome offer | $200 cash bonus | No standing welcome bonus (offers vary by applicant) |
| Dining | 3x | 3x |
| Groceries | 1x | 2x |
| Gas | 1x | 1x |
| Travel | 1x | 1x |
| Streaming | 1x | 1x |
| Everything else | 1x | 1x |
| Est. yearly rewards* | $361 | $412 |
| Points type | Pools with Chase → transferable | Cash back only |
| Network | Mastercard | Mastercard |
*Estimated yearly rewards on typical household spending, every point valued at a flat 1 cent. Verified August 2026. See your own numbers in the calculator.
Welcome bonus and value over time
| Over time | Chase Freedom Flex℠ | SoFi Everyday Cash Rewards Credit Card |
|---|---|---|
| Welcome bonus | $200 cash bonus | No standing welcome bonus (offers vary by applicant) |
| To earn it | $500 in 3 months | No minimum spend |
| Est. first-year value* | $561 | $412 |
| Est. ongoing value / yr* | $361 | $412 |
This one splits by time horizon. In year one the Chase Freedom Flex℠ is ahead by roughly $149, thanks largely to its welcome offer. But the SoFi Everyday Cash Rewards Credit Card earns more every year after, so if you keep it, it overtakes the Chase Freedom Flex℠ after about 4 years. Chasing the sign-up bonus and open to canceling before the second annual fee? Take the Chase Freedom Flex℠. Planning to keep it for years? The SoFi Everyday Cash Rewards Credit Card pulls ahead.
*First-year value counts the welcome bonus, estimated rewards, and annual credits, minus the annual fee; ongoing value is a typical year after. Every point at a flat 1 cent.
Perks, credits, and redemptions
| Perks | Chase Freedom Flex℠ | SoFi Everyday Cash Rewards Credit Card |
|---|---|---|
| Lounge access | None | None |
| Annual credits | None | None |
| Points & redemptions | Transferable (paired with a premium card) | Cash back only |
On perks and redemptions, the Chase Freedom Flex℠ earns transferable points with a higher redemption ceiling, while the other is capped nearer a flat cent. Weigh those against the fee, since credits and lounge access only count if you will actually use them.
Transfer partners and point value
Only the Chase Freedom Flex℠ earns transferable points. Its Chase Ultimate Rewards move to World of Hyatt, United, Air Canada, Southwest, and British Airways Avios, where a point can be worth several cents on a premium-cabin redemption, far above its cash value. The SoFi Everyday Cash Rewards Credit Card pays flat cash back, worth about a cent, so its ceiling is nearer a penny per point no matter how you redeem.
The verdict
On a typical year of household spending, the Chase Freedom Flex℠ earns about $361 a year in rewards and the SoFi Everyday Cash Rewards Credit Card about $412, valuing every point at a flat 1 cent. The Chase Freedom Flex℠ has no annual fee, so its rewards are all profit. The SoFi Everyday Cash Rewards Credit Card has no annual fee, so its rewards are all profit. Counting rewards and any credits, the SoFi Everyday Cash Rewards Credit Card delivers more total value, about $50 a year more for a typical spender, mostly because it earns more where you spend most, on groceries. The bigger difference is the ceiling: the Chase Freedom Flex℠ earns points you can move to travel partners for outsized value, while the SoFi Everyday Cash Rewards Credit Card pays plain cash back. Favor the Chase Freedom Flex℠ if you will use travel transfers, the SoFi Everyday Cash Rewards Credit Card if you want simplicity. On the sign-up bonus, the Chase Freedom Flex℠ currently has the larger welcome offer. A welcome bonus is a one-time event, so weigh it apart from the ongoing rewards.
Pick the SoFi Everyday Cash Rewards Credit Card if your spending leans toward groceries.