A method, system and computer program product are provided for implementing enhanced wear leveling in a stack of flash memory chips. A flash memory includes plurality of flash memory chips including a number N data chips and one or more spare chips. To even wear among the plurality of flash memory chips, a memory controller for the flash memory periodically transfers data from a data chip to a current spare chip, the current spare chip becomes a data chip and the selected data chip becomes the current spare chip. Over time, each chip in the stack becomes the spare chip. If a chip becomes nonfunctional, whatever chip is currently the spare chip becomes a permanent data chip and no more rotating is done.