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The Chase Freedom is one of my favorite credit cards with no annual fee as you can earn 5x points per dollar spent in a list of rotating categories, up to the first $1,500 spent. We now know what the 5x bonus categories for the third quarter will be gas stations, Lyft, and Walgreens…

The Chase Freedom credit card has no annual fee and earns 5x points per dollar spent in categories that rotate each quarter, up to the first $1,500 spent in those categories. Tomorrow (June 14, 2018) is the deadline to activate the second quarter Chase Freedom bonus categories of PayPal, Chase Pay, and grocery stores. As long as you activate the bonus by tomorrow, it is retroactive for your spending dating back to the start of the quarter on April 1st.

Chase Freedom 3rd Quarter 2018 Bonus Categories

Not only do I want to offer a reminder of that deadline to activate the family-friendly second quarter bonuses that will run until June 30, 2018, but also share the third quarter bonus categories. The 2018 Chase Freedom third quarter bonus categories that will run from July 1 – September 30, 2018, are Lyft, Walgreens, and gas stations. This is admittedly a much more quirky line-up than the second quarter bonus categories that were slam dunks for families, but it isn’t a bad list.

Gas stations are a pretty straight-forward winner for families who drive cars to schools, work, appointments, and more. Lyft is a solid option for those who use ride-sharing services to get around town. And finally, Walgreens is a good dark-horse category as you could theoretically earn 5x points on your prescriptions and maybe pick up a third-party retailer gift card or two while you are at it. You will be able to activate the third quarter bonus categories beginning on June 15, 2018.

Increase the Value of Points Earned by the Chase Freedom

While the points earned by the Chase Freedom are generally worth one cent per point each, they can be worth more if you also have a premium Ultimate Rewards product such as the Sapphire Reserve, Sapphire Preferred, or Ink Business Preferred.

In that case, you can move the points earned by the Chase Freedom into the Ultimate Rewards account of one of those other premium cards. Then all of the sudden, the 5x points you can earn per dollar in the bonus categories could be worth 1.5 cents each towards travel if you have the Sapphire Reserve. If you had the Freedom and the Sapphire Reserve as we do, that means you are earning 7.5 cents in travel for every one dollar charged in an eligible 5x bonus category, which is a fantastic return for a card with no annual fee. You could also then transfer those points to Ultimate Rewards hotel and airline partners if you wished.

Have you maxed out the current Chase Freedom 5x bonus and how do you plan to make use of the newly announced third quarter bonus categories?

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.

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More Things to Know
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • 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
  • 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
16.74% - 25.49% 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.

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