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TPG Twitter follower Alexander is looking to take advantage of Chase Freedom’s 5% cash back bonus at select department stores in Q4:
“Will the 5% cash back through Chase Freedom work on purchasing gift cards at Nordstrom?”
Greetings from Madrid, everyone! I am currently at the Radisson Blu Hotel Prado, which is one of the new properties that I’ll be reviewing shortly, so stay tuned!
Alexander is asking about one of the best overall benefits of the Chase Freedom card, the 5X points you earn at a rotating list of merchants or merchant categories each quarter up to a cap of $1,500.
As a reminder, Freedom’s 5X spending bonuses are one of the best ways to rack up bonus Ultimate Rewards points using your Chase Freedom Visa or Freedom Mastercard. The only downside is the $1,500 quarterly cap ($6,000 annually). That’s still a potential total of 30,000 Ultimate Rewards points annually, which is pretty lucrative for a card with no annual fee. You can activate your Chase Freedom card category spending bonuses for the fourth quarter of 2013.
Whenever you make a purchase from one of these stores, the credit card company has no way of knowing exactly what you are buying, so as long as there is a purchase from one of the following department stores, you will get the 5X bonus points. To maximize your points earnings, you can even try to buy the gift cards online through one of the online shopping portals and earn even more bonus points that way. For example, right now, Nordstrom.com is offering 5 points per $1 through the Ultimate Rewards portal if you have a Sapphire Preferred, Ink Bold or Ink Plus.
So you could potentially earn a whopping 10 Ultimate Rewards points per $1 on your purchases. I value Ultimate Rewards points at 2 cents apiece, so in my estimation, that’s like getting 20% back on your spending. Sometimes shopping portals prohibit gift card purchases but some do allow it.
I’d always recommend trying to buy gift cards through one of the online portals if you were going to get it in the store anyway. You might as well try to bank those extra portal points!
List of major department stores included:
- Lord & Taylor
- Neiman Marcus
- Saks Fifth Ave and Off 5th
List of Shopping Portals:
- Air Canada: Aeroplan EStore
- AirTran: A+ Rewards Mall
- American: AAdvantageEshopping.com
- Amtrak: Amtrak Guest Rewards
- Chase: Ultimate Rewards Shopping
- Choice Rewards: Choice Privileges Mall
- Citi: Thank You Shopping
- Delta: Skymilesshopping.com
- Discover: ShopDiscover
- Frontier: Early Returns Mall
- Hawaiian Airlines: Hawaiian Airlines eMarket
- Hilton HHonors: Hilton HHonors Shop to Earn Mall
- Marriott Rewards: Shop My Way
- Mastercard: Mastercard Marketplace
- Priority Club: Priority Club Shopping
- Southwest: Rapid Rewards Shopping
- United: Mileageplusshopping.com
- US Airways: Dividend Miles Shopping Mall
Happy shopping! It's a stellar Cash Back card on its own, but when paired with the Chase Sapphire Reserve or Chase Sapphire Preferred, the Freedom's 5x Category Bonuses let you rack up Chase Ultimate Rewards Points, transferrable to partners or redeemable via the portal.
It's a stellar Cash Back card on its own, but when paired with the Chase Sapphire Reserve or Chase Sapphire Preferred, the Freedom's 5x Category Bonuses let you rack up Chase Ultimate Rewards Points, transferrable to partners or redeemable via the portal.