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Chase Freedom’s latest cash-back promotion is officially available for enrollment. For the first part of the year, Chase was offering members the chance to earn bonus points at gas stations and on local commuter transportation. The latest offer, which applies to purchases made between April 1 and June 30, is 5% cash back (or 5x Chase Ultimate Rewards points) on up to $1,500 in combined purchases at grocery stores and wholesale clubs like BJ’s and Sam’s Club.
Meanwhile, if you had activated the Q1 bonus before March 14, you have through the end of the month to earn on these purchases. If you don’t already have the card, now’s as good a time as any to sign up — Chase Freedom 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 transfer them to Chase Ultimate Rewards if you have the Chase Sapphire Preferred or Ink Plus cards. From there, you can transfer Ultimate Rewards points to travel partners like Southwest, Hyatt and United.
Note that Chase caps earnings at $1,500 in combined purchases eligible for the benefit each quarter. This promotion also excludes 5% cash back for purchases at Walmart and Target. Additionally, you might even be able to earn the higher bonus at Costco later this quarter, assuming the chain makes the switch from Amex to Visa before the end of June following its recent delay.
If you’re already a cardholder, you can register here to activate your spending bonus each quarter. If you activate your card for these categories prior to each quarterly deadline, Chase will retroactively credit you with bonus points on category spending from earlier in the quarter, though there’s really no reason not to activate 5% cash back as soon as the registration period opens.
On your statement, any bonus earned prior to your activation date will be listed separately and itemized by category. If you have multiple Chase Freedom accounts, be sure to activate them all. Note that this 5x bonus category promotion does not apply to the new Freedom Unlimited card, which offers a flat 1.5% back on all purchases.
For TPG’s review of the Chase Freedom card, watch this video, below:
For more info on the Chase Freedom card, check out these posts:
- Why Chase Freedom Isn’t Just Another Cash Back Card
- Ways to Maximize Each Ultimate Rewards Partner
- Quarterly 5% Bonus Categories: Chase Freedom & Discover It
- Chase Freedom Ends 10% Annual Bonus & Other Changes
- How to Get 1.34 Cents Per Point for Travel with Chase Freedom
- Maximizing Credit Card Bonus Categories to Earn More Points
- Top Credit Card Offers with No Annual Fee
Chase Sapphire Preferred® Card
|Intro APR||Regular APR||Annual Fee||Foreign Transaction Fee||Credit Rating|
|N/A||16.24%-23.24% Variable||Introductory Annual Fee of $0 the first year, then $95||0%||Excellent Credit|