Time to activate Chase Freedom 5x points categories for first quarter 2013!

Just a few weeks ago Chase announced the Freedom 5x points categories for 2013.

These bonuses are valid for both the Chase Freedom® Visa Card and Chase Freedom® Mastercard, both of which have no annual fee. You can earn the 5x points for up to $1,500 of spend per quarter. The catch is that you have to register to be eligible, and registration is now open for the first quarter bonus category, which runs from January 1 through March 31, 2013. Those bonus categories include gas stations, drugstores (lots of potential there!), and Starbucks.

While the Chase Freedom cards accrue cash back (one point gets you one cent cash back), if you have a Chase Sapphire Preferred® Card, Ink Plus® Business Credit Card, or Ink Bold® Business Charge Card, you can convert those “cash back points” into Ultimate Rewards points. That means you’d be earning 5x points per dollar spent with United or Hyatt, for example.

Be sure to register, as it’s a fairly easy 7,500 Ultimate Rewards points this quarter! Registration is required by March 14, 2013.

(In the interest of full disclosure, I earn a referral bonus for anyone that is approved through the above links. Thanks for your support!)

 

Comments

  1. Lucky,

    I own only the Chase Freedom card and I am able to convert cashback points to Ultimate Reward points just like you. There is no difference between the Rewards program amongst cards.

  2. @ jetset

    The Chase Freedom card accrues cashback in the form of Ultimate Rewards points…you don’t have to “transfer” them.

    There is a difference, however, on what you can redeem the Ultimate Rewards points for. The Chase Freedom points can be used for statement credits, gift cards, etc, mostly for 1cpp. The Sapphire Preferred and some of the Ink cards have many more uses for the Ultimate Rewards points, most notably the ability to transfer them to partners like United and Hyatt. That’s something you cannot do if you only have the Freedom card.

  3. @ jetset, I think of it this way – if you have only the Freedom card, with 100,000 points you can usually only get $1,000 value (gift cards, statement credit); however, if you can instead transfer those points to, let’s say, United Airlines, you could get a business/first class ticket to Europe (for example) which could net you anywhere from $3,000 to $10,000-ish worth of airline ticket using only the same 100,000 points!!! But you can’t transfer to airlines with only the Freedom.

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