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When Chase announced its 5% Freedom Bonus Categories for 2016, the promo’s broad labeling of Local Commuter Transportation was cause for some confusion – what exactly would be included? Would Local Commuter Transportation include popular ride sharing services like Uber and Lyft? Even so, it’d be hard to beat the current (Q2) bonus category, which includes 5% cash back with select online retailers, including Amazon and Zappos – and that was later bumped up to 10% on Amazon purchases.
That being said, there’s good news for those who are looking to make use of the first-quarter bonus with Local Commuter Transportation – Uber and Lyft, among other modes of transportation, are included in the bonus. According to Chase’s list of eligible merchants, the two largest ride-sharing services join others, such as New York City’s MTA, local commuter ferry tickets, Yellow Cabs in both NYC and LA, Sidecar and more.
Of course, there are some notable exclusions, including tourist/tour buses, trains and trolleys, parking lots and garages, tolls/bridges, bike taxis and sharing services, all transportation outside the US, Amtrak trains, park and ride facilities, parking lots and garages and more. Check out the full list on Chase’s website to know exactly what else was left out of the quarter’s bonus category.
As always with Chase’s 5% cash back offer for each quarter, the deal is good for up to $1,500 in combined purchases – in this case from January 1 through March 31, 2016 at gas stations and for local commuter transportation. You must activate by March 14 to earn the 5% rate. If you don’t yet have the Chase Freedom card, now’s as good a time as ever. The card is currently offering a sign-up bonus of $150 (or 15,000 points) after you spend $500 in the first three months. You can redeem points for cash back (15,000 points = $150), or you can transfer them to Ultimate Rewards if you have the Chase Sapphire Preferred or Ink Plus. From there, you can transfer Ultimate Rewards points to travel partners like Southwest, Hyatt and United.
|Intro APR||Regular APR||Annual Fee||Foreign Transaction Fee||Credit Rating|
|0% for 15 months||14.24%-23.24% Variable||$0||3.00%||Excellent/Good|