This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
Each quarter, Chase Freedom cardholders have the chance to earn 5% cash back on purchases made in certain bonus categories.
Chase announced 2016’s first cash-back promotion for Freedom cardholders recently. Although it’s not yet being advertised online, TPG Reader Steven Holland spotted the latest offer out in the wild at his local Chase branch and shared the Q1 bonus categories with us.
Based on the marketing materials below, it appears that 2016’s first offer will get you 5% back (or 5x Ultimate Rewards points) on purchases at gas stations and on local commuter transport. It’s unclear what exactly qualifies for the local commuter transport bonus, however it’s possible that the category will include things like bus and subway rides.
This latest offer will be available between January and March 2016. Keep in mind that you must enroll on Chase’s website to earn the bonus cash back — and this latest offer will be eligible for enrollment between December 15, 2015 and March 14, 2016. In the past, Chase has capped the cash-back limit at $1,500 in combined purchases (although for the latest Amazon deal, Chase reset the cap when it announced the increase).
If you don’t already have this card, Chase Freedom is currently offering a sign-up bonus of $150 cash back (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 cards. From there, you can transfer Ultimate Rewards points to travel partners like Southwest, Hyatt and United.
If you’re already a cardholder, you can register here to activate your spending bonus once the offer is posted to Chase’s website on December 15. 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.
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
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