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Update 6/15/18: Chase’s registration page is now live. Be sure to enter your card details here by September 14 in order to take advantage.


One of the most rewarding cash-back credit cards, Chase Freedom, offers an opportunity to earn 5% back on certain purchases each quarter. And, if you happen to have a transfer-enabled Ultimate Rewards-earning card such as Chase Sapphire Reserve or the Chase Sapphire Preferred Card, you can instantly convert your cash back to points at a rate of 1 cent per point and make your points transferable to Chase’s airline and hotel partners. Armed with this combo in your wallet, you can easily earn 5x Ultimate Rewards points on eligible purchases in the third quarter of 2018.

Currently, you can earn bonus points on grocery, Paypal and Chase Pay purchases, but those categories expire at the end of June. Now we know which purchases will earn you a bonus this summer — the next batch kicks in on July 1 and includes the following categories:

  • Lyft
  • Walgreens
  • Gas Stations

You can activate the Q3 bonus starting on June 15 by entering your card details here, or keep an eye out for a one-click activation email from Chase. This new bonus runs through September 30, after which a to-be-announced fourth quarter bonus opportunity will kick in.

If you don’t already have a Chase Freedom, the card currently offers a sign-up bonus of $150 (or 15,000 points if you have an Ultimate Rewards-earning card) after you spend $500 in the first three months. The card has no annual fee and should be a key part of your strategy to earn and maximize Ultimate Rewards points.

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 16.49-25.24%. 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
Intro APR on Purchases
0% Intro APR on Purchase for 15 months
Regular APR
16.49% - 25.24% 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.