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Chase Freedom’s latest cash-back promotion is officially available for enrollment, along with the announcement of 2016’s upcoming bonus categories. A couple weeks ago, a TPG Reader tipped us off to the first of 2016’s 5% cash back categories — gas stations and local commuter transportation. Starting today, Freedom cardholders can activate the bonus to earn a higher cash-back rate than the card’s standard 1%, starting in January.
The most recent bonus category was on purchases with select online retailers, including as Amazon and Zappos — and was bumped up to 10% on Amazon purchases in advance of the holiday shopping season. If you had activated the bonus before December 15, you have through the end of the year to earn on these purchases. And 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 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.
Later in 2016, cardholders will also be able to earn bonus cash at grocery stores (excluding Target and Wal-Mart) in Q2, and restaurants in Q3. Chase should also release additional cash-back opportunities with retailers, such as Kohl’s or Bed, Bath and Beyond, which have been featured in the past.
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 your 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, the 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.
For TPG’s review of the Chase Freedom card, watch this video:
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
H/T: Mommy Points
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.
- 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 16.49-25.24%. Balance transfer fee is 5% of the amount transferred, $5 minimum
- Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
- Free credit score, updated weekly with Credit Journey℠
- No annual fee