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Taking advantage of limited-time offers on top travel rewards credit cards is a great way to boost your account balances and unlock valuable redemptions, and today a popular card has launched an increased sign-up bonus. You can now earn a bonus of $150 cash back after you spend $500 on purchases in your first three months from account opening when you apply and are approved for the Chase Freedom card.

Here’s a quick overview of the benefits of the card:

  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories each quarter
  • Unlimited 1% cash back on all other purchases – it’s automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.24-24.99%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee

However, as Jason Steele wrote about earlier this year, the Freedom isn’t just another cash-back card. When you also have a premium card like the Chase Sapphire Preferred Card (which has its own increased bonus offer) or Ink Plus Business Card, the earnings on the Freedom can actually be converted to more valuable (and transferable) Ultimate Rewards points. If you earn the sign-up bonus and the authorized user bonus, those 17,500 points that are usually worth just $175 as cash back instead are worth more than double: to $367.50 based on TPG’s most recent valuations. This haul may not get you luxurious redemptions like the Park Hyatt Tokyo or Singapore Suites Class on its own, but it’s still a great way to make the most of the card.

Remember that you have until midway through the last month of the quarter to register for the 5% bonus, so if you apply now, you’ll receive the card in plenty of time to register before the December 14th deadline.

What if you recently applied?

If you applied for the card within the last few months, it’s definitely worth sending Chase a message to see if it’ll honor the increased bonus. You can do this from your account overview page after logging in to Chase.com:

  1. Click on Secure Message Center (at the top right).
  2. Select Send New Message.
  3. Choose the topic from the drop-down menu next to My Personal Accounts (Rewards Inquiry is likely the best bet) and click GO.
  4. Select your credit card and topic, type of a brief request asking Chase to honor the new bonus and click Send.

I’ve read many reports of folks getting bumped to a higher bonus if they applied within 90 days of the new offer. It can’t hurt to ask; the worst thing that can happen is that Chase will say no!

The pool at the Park Hyatt New York
Carrying the Freedom with a premium card that earns Ultimate Rewards points can unlock valuable redemptions like the Park Hyatt New York.

Bottom Line

The Chase Freedom is a solid product on its own, and it becomes a no-brainer when paired with a premium card from Chase. This new limited-time offer makes it a great time to apply for the card, though it has climbed higher in the past. If you’ve been waiting to pull the trigger, now’s as good a time as any!

For more information, check out the following posts:

Are any of you going to get in on this new sign-up bonus?

Chase Freedom®

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.

Apply Now
More Things to Know
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories each quarter
  • Unlimited 1% cash back on all other purchases - it's automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.24-24.99%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee
Intro APR on Purchases
0% Intro APR on Purchase for 15 months
Regular APR
16.24% - 24.99% Variable
Annual Fee
$0
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.