Chase Freedom Increased 20,000+ Point Sign-Up Bonus

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Link: Chase Freedom® For a limited time, Chase has increased the sign-up bonus on the no annual fee Chase Freedom®. This is one of my favorite no annual fee credit cards. The sign-up bonus is marketed as follows:

  • For a limited time, earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period

The sign-up bonus is marketed as cash back In reality, you earn points on the Chase Freedom®, and each point can be redeemed for one cent cash back. In other words, the sign up bonus offers 20,000 points after making $500 of purchases in the first three months, and an additional 2,500 points after adding an authorized user and having them make a purchase within three months, for a total of 22,500 points.

However, if you have this card in addition to one of the cards that accrue “premium” Ultimate Rewards points, you can transfer these points to Ultimate Rewards. Cards that accrue “premium” Ultimate Rewards Cards include the:

What makes the Chase Freedom great

So what makes this no annual fee card so rewarding even if you have other cards with annual fees that offer category bonuses?

The Chase Freedom offers 5% cash back (five points) per dollar spent on rotating quarterly categories, which can translate into a huge return. When you register your card each quarter you then earn 5x points for the first $1,500 spent in those category.

 

So right now I’m earning 5x points per dollar spent at restaurants, which is one heck of a return.

Having no annual fee cards are great for your credit score

As if the huge rotating quarterly categories weren’t enough, keep in mind that one part of your credit score is the average age of your accounts. It’s good to keep some cards long term just to help increase the average age of your accounts, even if the card itself isn’t that rewarding. In this case you’re getting a rewarding credit card which you can also keep open long term to help build your credit score.

This is the best sign-up bonus we’ve seen on the card in a long time

Back in the day this card regularly had 20,000+ point sign-up bonuses. But over the past couple of years the standard sign-up bonus has been $100 cash back/10,000 points. We’ve occasionally seen increased sign-up bonuses of $200 cash back/20,000 points. But with this bonus you can earn $225 cash back/22,500 points, which is the best I’ve seen in a long time

Bottom line If you don’t yet have the Chase Freedom, I suspect this is as good as the bonus will get. I picked up the card late last year after waiting way too long, and am really happy to have it.

Link: Chase Freedom®

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Comments

  1. Do you know whether the points can be transferred to a spouse’s “premium” account if the new cardholder doesn’t have any other Chase cards?

  2. I have Sapphire card that I want to close. Has anyone been able to successfully convert sapphire to Freedom and receive the signup bonus? Or is the conversion not eligible for the signup bonus?

  3. @ Papa Smurf — Conversions aren’t eligible for sign-up bonuses, and I don’t think it’s possible to convert from Sapphire to Freedom anyway. So you’d be better off applying for the Freedom.

  4. I got this card when it was offering 30,000pts. This is a card you want to keep forever since there is no annual fee, not to mention the potential of 30,000pts you can earn each year. This card also allows me to park the credit line of other Chase cards that I closed. Then use some of the credit line of the Freedom card to get approved on other Chase card apps.

  5. I got this card in March and used secure messaging with Chase today and after a three sentence email and 10 minutes they gave me 10,ooo points to match the current offer. No hassles.

  6. Lucky, this card sounds great but I’m in a dilemma whereas that I need a cc such as the Slate so that I can balance transfer my Sapphire Preferred to it. But I also need a no-fee cc of which I wish the Freedom was. Added to this is that I want to refinance my house as well. I read that it wouldn’t be wise for me to apply for any cc if I want to refinance(score is 760+). What is the best way for me to go about this please with. Plus I don’t have anything that would help me to reach the $5k requirement.

  7. I would really love to get this card, but I have a lot of Chase cards (many are old, but a couple are brand new). I have a bank account with them and great credit. Do you think they’ll let me get this one? Is there a business version of this card? (I have fewer biz cards than personal.)

  8. Just got the Ink (replaced my old Ink MC, which I cancelled). I have an old Amazon (personal–cancelled the biz one), a Ritz Rewards that’s about 10 mos. old, a new Hyatt card, went in person yesterday to get the United Explorer (on it’s way). Am I being greedy? ; ) Thanks so much for you help and advice.

  9. @ mbh — Given the amount of time over which you’ve acquired those cards, my personal opinion is that you have a good shot at being approved. They might make you switch around some credit lines, but given your relationship with them I don’t think they’d outright reject you.

  10. Thanks! I’ll give it a shot and report back. And, I’m fine calling them if I get the “pending” reply. I have learned that is quite painless, and I think they give me way more credit (line) than I want/need anyway, so I’m always happy to spread it around. (I once had a mortgage with them, and when I tried to cancel one of my many Chase cards they tried to stoop me. I pointed out that, if I chose to max out my credit, I could owe them 200k PLUS my mtg. balance. They weren’t nearly as concerned as I thought they should have been.)

  11. What’s the word on opening a freedom first, then a sapphire later and converting freedom points to UR? I can’t open both at once and I don’t want to miss this great freedom offer…

  12. Glad I checked out one mile at a time this morning! Got the Freedom about a month ago with the 100 signup. Chase bumped the offer to 200 and responded to my request in less than 15 minutes. Thanks Lucky!

  13. Lucky, after reading further I figured that out(respectfully). But my only other question is when it comes to annual business revenue, can I just list “0” being that I will put down 1yr in business and 1 employee? Will listing “0” revenue cause me any problems or will they just look on it as a startup company,ex:construction? And if I get approved, how soon could I apply to refinance my home? In other words, will I have to wait a long period of time until I’m able to do this?

  14. Pulled the trigger on the Ink Bold (did both MC Inks now will do Visa) 60k and the Freedom 20K over the weekend. Both came back saying they would send me the decision. I called up the Freedom hotline immediate since it was open on Saturday. They could see that I had applied for two cards and that it timed out. They said they could try again and then asked if I would be willing to transfer CL from one of my other cards to this one. I agreed to transfer 5k from another card that had a stupid amount. Card was approved. Whole process took maybe 8 minutes. Called up today, Monday, to speak with the small biz rep. I don’t think it even so much as rang before I had a real person on the phone (impressive). I told him I wanted to check the status of an application. Gave him my SSN and he found it and said I was approved with a CL in the high teens. Lol. I don’t get Chase but I sure do like them.

  15. To further confirm what others had reported above, if a better bonus offer comes out soon after you get a card you should try sending a secure message and try to get extra points (messaging is quicker than a phone call also). It’s been awhile but I think it worked for me with Chase and Citi. Even if you get shot down, a few minutes of typing is worth it for 5000-10000+ points/miles.

  16. Lucky- I am interested in traveling from Rome to NYC next summer non-stop on Delta-
    I currently have a citibank AAdvantage card I see no direct flights out of Rome.
    Would Chase Sapphire be an appropriate choice for this trip and how many points would I need if so? Or should I apply fora different card all together
    Enjoying your site-an invaluable source of information

    Steve

  17. @ Steve — Both American and Delta are EXTREMELY stingy when it comes to releasing award space between Rome and New York in summer, so your chance of finding saver level award space is really low, even if booking far in advance.

    Using Ultimate Rewards points you have two options:
    — Transfer points to Korean Air, and then book Delta flights, though there needs to be saver award space for that to work
    — Use the “pay with points” option, whereby each point will get you 1.25 cents towards the cost of a paid ticket

    If you want to collect Delta miles correctly, you’d be best off with a card accruing Membership Rewards points, like the AmEx Everyday or Premier Rewards Gold Card.

    Good luck!

  18. Thx Lucky – I took your advice and have been approved for the Delta AMEX Premier Rewards Gold Card
    I plan to fly one way Singapore- NY in March 2016 And currently have 80,00O AA miles – should I consider Chase Sapphire or even another card to for this routing?
    Thx again
    Steve

  19. @ Steve — The Chase Sapphire Preferred is always a great card, and even if you have American miles you can always use them for one direction and Chase Sapphire Preferred points for the other. I’d also consider the Citi Executive AAdvantage Card, in your shoes.

  20. Is the Lufthansa card churnable like the US airways? Does Barclays care if you have 2 of the same card open at the same time? It’s been about 6 months since I applied… Any idea when that card and the freedom offer expire?

  21. @ Digital01 — I believe the Lufthansa 50K offer is valid through the end of June, though I could be wrong. I have no firsthand experience with churning that card, so don’t have any insight there. As far as I know Barclaycard has been cracking down that lately.

    Not sure when the Freedom offer expires either.

  22. I promised to report back, and I am pleased to say that I got the Freedom card. It did require a phone call, but that was no problem. As much as I want both a Sapphire and Lufthansa, I’m sitting on 7 Chase cards, so I think I’d best cool it with Chase for a while.

  23. @ MBH – Lufthansa is issued by Barclays but since you just got a card from them not sure how that would affect your chances of picking up another one.

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