Chase Freedom 20,000-Point Sign-Up Bonus Returns

Jun 2, 2015

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Update: Some offers mentioned below are no longer available. View the current offers here.

The Chase Freedom card (No longer open to new applicants) normally offers a sign-up bonus of 10,000 points when you spend $500 within three months of account opening. However, Chase has just launched a new, higher sign-up bonus of 20,000 points when you spend $500 within the first three months. You can earn an additional $25 when you add an authorized user and make a purchase.

If you just have the Freedom card, those 20,000 points are worth $200 in cash back, so you’re getting a 40% return on that first $500 of spending. However, if you also have one of the premium Ultimate Rewards cards (like the Chase Sapphire Preferred Card or Ink Plus Business Card), you can then combine points and transfer them to any of the program’s 11 travel partners as well.

In addition to earning 1 point per $1 on everyday purchases, the other feature that sets this card apart is the ability to earn 5x points on up to $1,500 of purchases per quarter with certain merchants.

The Freedom's 5X bonus categories this quarter include restaurants and Overstock.com.
The Freedom card’s 5X bonus categories this quarter include restaurants and Overstock.com.

The calendar for 2015 is as follows:

  • January 1 – March 31: Grocery stores, movie theaters and Starbucks
  • April 1 – June 30: Restaurants, Bed Bath & Beyond, H&M and Overstock.com
  • July 1 – September 30: Gas stations and more
  • October 1 – December 31: Amazon.com and more

As a reminder, if you’re already a cardholder, you can register here to activate your spending bonus each quarter. If you maximize the 5x bonus each quarter, you can bank 30,000 valuable Ultimate Rewards points per year on $6,000 in spending. I value Ultimate Rewards points at about 2.1 cents apiece, so those 30,000 points are worth $630 – better than a 10% return on your spending.

On its own the Chase Freedom is one of the best cash-back cards on the market, but by maximizing the bonus categories and combining it with one of Chase’s premium Ultimate Rewards cards, it becomes even more of an asset.

For my review of the Chase Freedom card, watch this video

For more info on the Chase Freedom card, check out these posts:

Delta SkyMiles® Platinum American Express Card

Earn 90,000 bonus miles after you spend $3,000 in purchases within the first three months of card membership. Plus, earn a $200 statement credit after your first Delta purchase within the first three months. Offer ends 7/28/21.

With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.

Apply Now
More Things to Know
  • Limited Time Offer: Earn 90,000 Bonus Miles after spending $3,000 in purchases on your new Card in your first 3 months and a $200 statement credit after you make a Delta purchase with your new Card within your first 3 months. Offer expires 7/28/2021.
  • Limited Time Offer: Plus, get a 0% intro APR on purchases for 12 months from the date of account opening, then a variable 15.74%-24.74%. Offer expires 7/28/2021.
  • Accelerate your path to Medallion Status, with Status Boost®. Plus, in 2021 you can earn even more bonus Medallion® Qualification Miles (MQMs) to help you reach Medallion Status.
  • Earn 3X Miles on Delta purchases and purchases made directly with hotels.
  • Earn 2X Miles at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.
  • Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. *Payment of the government imposed taxes and fees of no more than $75 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
  • Enjoy your first checked bag free on Delta flights.
  • Fee Credit for Global Entry or TSA Pre✓®.
  • Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
  • No Foreign Transaction Fees.
  • $250 Annual Fee.
  • Terms Apply.
  • See Rates & Fees
Intro APR on Purchases
0% on purchases for 12 months
Regular APR
15.74%-24.74% Variable
Annual Fee
$250
Balance Transfer Fee
N/A
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

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