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Update: The offer mentioned below for the Chase Freedom card has expired. View the current offer here.
Today, November 18, 2013, Chase announced even more incentive to get their Freedom card, by bumping up the sign-up offer for the Freedom Visa from 10,000 points ($100 cash back) to 20,000 points after $500 spent within 3 months.
As I’ve mentioned before, the Chase Freedom card can be a great weapon in your points-earning arsenal, especially when used strategically in combination with the Chase Sapphire Preferred® Card, Ink Bold and Chase checking accounts.
You can pair the points that you have earned from the Freedom card with the Sapphire Preferred or Ink Bold by transferring those “cash back” points into valuable Ultimate Rewards points. Ultimate Rewards points can then be transferred to United, British Airways, Southwest, Korean, Hyatt, Marriott, Ritz-Carlton, Priority Club and Amtrak. Transfer your points by logging on to ultimaterewards.com -> Manage Ultimate Rewards -> Combine points, and send your Freedom points to your Chase Sapphire Preferred®/ Ink Bold account.
What’s great about the Chase Freedom is that it offers 5% cash back offer on up to $1,500 in purchases each quarter at a rotating roster of merchants. Now through December 31, 2013, those categories include Amazon.com as well as select department stores like Macy’s, Sears and Neiman Marcus. For a full list of stores that qualify for 5% cash back, visit this link. You will also earn 1% cash back on all other purchases.
If you maximize the $6,000 in yearly spend, you are looking at 30,000 Ultimate Rewards points, which may not seem like a ton, but it’s pretty awesome for a card that has no annual fee. Normally 30,000 Freedom Ultimate Rewards points equal $300 in cash-back, but I value them at about $600, since I can transfer them to my Sapphire Preferred and Ink Ultimate Rewards accounts and then transfer on to partners like United, Southwest and Hyatt.
- Online: Visit chase.com/freedom.
- Text Message: Sign up for Chase Freedom 5% Text Reminders at chase.com/freedom and you’ll get a text reminding you when it’s time to activate.
- Email: Provide your email address at chase.com/freedom and they will send you an email when it’s time to activate.
- Phone: Call the number on the back of your card and let an advisors activate your 5% cash back.
- Facebook: ‘Like’ Chase Freedom at facebook.com/chasefreedom.
- Chase location: Visit any Chase bank and see a personal banker.
To maximize this card even further, if you are the sole or joint owner of an open Chase checking account you will earn and additional 10% bonus on all new points earned with your card. This 10% bonus is calculated after your billing cycle with a December close date. While you won’t earn the 10% bonus on new account bonus points, previous 10% bonus points awarded or transferred points, you will earn the bonus on the quarterly 5% cash back program.
I’ve been a Chase customer for a long time (they have great coverage in major cities like New York, Los Angeles and Miami) and I love their online banking software, including the ability to deposit checks by taking a picture of them on your mobile phone. Besides banking with Chase, their credit cards like the Sapphire Preferred and Ink family are some of my favorite cards out there. Not only do they offer great sign-up bonuses, but they keep me as a customer by offering strong spend bonuses on my every day personal and business spend.
Related posts on maximizing the Freedom card include:
Maximizing Ultimate Rewards Points With Chase Checking Accounts & Freedom, Chase Sapphire Preferred® Card, Ink Bold Combo
Chase Freedom Visa 2013 5x Bonus Categories Announced
My New Work Horse Credit Card – The Chase Freedom Card
See below for more details on the newly increased Freedom bonus: 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.