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We’re just a few days away from Costco’s switch to exclusively accepting Visa cards, and now Chase has shared plans to continue the 5% cash back category on the Chase Freedom card for purchases at wholesale club retailers like Costso, BJ’s and Sam’s Club through the end of the year. As a reminder, cardholders will earn 5% cash back each quarter on up to $1,500 in combined purchases from these wholesale retailers through the end of 2016.
This extension is great news for cardholders, as the 5% cash back was originally slated to end on June 30, right after Costco’s switch to Visa. Right now would be a great time to consider signing up for the Freedom card — it’s currently offering $150 cash back after spending $500 within the first three months of account opening. Note that you can choose to transfer your sign-up bonus to 15,000 Ultimate Rewards points instead if you also have a card that earns Ultimate Rewards points like the Chase Sapphire Preferred or Ink Plus cards.
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.