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Chase Freedom’s latest promotion is officially available for enrollment. From July 1 to September 30, you’ll earn 5% cash back (or 5x Chase Ultimate Rewards points) on purchases made at restaurants and wholesale clubs. But, no matter how hungry you are, the 5%/5x return is a limited to the first $1,500 in purchases.
If you’re not already a cardholder, now’s as good a time as any to sign up. The 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 (100 points = $1), or transfer them to Chase Ultimate Rewards if you have the Chase Sapphire Preferred or the Ink Plus Business Card. From there, you can transfer Ultimate Rewards points to travel partners like Southwest, Hyatt and United.
Chase lists 151 restaurants that will qualify for the 5x bonus. However, there are other restaurants not listed that should still qualify based on their merchant code. The list of eligible wholesale clubs includes BJ’s, Sam’s Club and — for the first time — Costco.
However, the following types of merchants — or items sold by qualifying merchants — are excluded from the 5x bonus:
- Supermarkets/Grocery Stores
- Cafes, Catering or Bakeries inside of Grocery Stores
- Candy Stores
- Gourmet Food Shops
- Liquor Stores
- Gas and Fuel at Wholesale Clubs
- Wholesale Clubs specialty services such as travel, insurance, cell phone and home improvement
- Merchants that sell food and drinks located within larger merchants such as sports stadiums, hotels, casinos, theme parks and department stores
If you’re already a cardholder, you can register here to activate your spending bonus for the quarter. If you have multiple Chase Freedom accounts, be sure to activate them all.
You have until September 14 to activate your card(s), as Chase will retroactively credit you with bonus points on category spending from earlier in the quarter. But, there’s really no reason to wait, so go ahead and activate now.
Now through June 30, Chase is offering cardholders the chance to earn bonus points at grocery stores and wholesale clubs. If you activated your Q2 bonus before June 14, you still have through the end of the month to max out your grocery store purchases. Note that Walmart and Target don’t apply for the Q2 bonus.
However, there’s no hurry to spend a bunch at wholesale clubs. Chase has confirmed that wholesale clubs will continue to qualify for the 5x earnings through the end of the year.
For TPG’s review of the Chase Freedom card, watch this video, below:
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