In the interest of full disclosure, One Mile At A Time earns a referral bonus for anyone that’s approved through some of the below links. These are the best publicly available offers that we have found for each card. Please check out our advertiser policy for further details about the partners we work with. Thanks for your support!
- 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
Chase Freedom’s 5% cash back categories
What makes this card so great is that each quarter they have a different category where you earn 5% cash back. You earn the 5% cash back on up to $1,500 of spend in the bonus categories each quarter. Below is the 5% calendar for 2014:
Register now for quarter three bonus category
Chase has now opened registration for next quarter’s 5% cash back category, which will stay open through September 14, 2014.
Next quarter’s 5% cash back bonus categories are:
- Gas stations
Given that I live in hotels full time and don’t have a car, I can’t say that this is the most useful quarter for me, personally. But I’ll still try to find a way to maximize it!
Earn 5% cash back on restaurants and Lowe’s through the end of June
As a reminder, assuming you registered you can still earn 5% cash back at restaurants and Lowe’s through June 30. Personally I find it to be the most lucrative bonus category of the year, since I spend quite a bit on dining.
You can convert cash back into Ultimate Rewards points
Just to recap, 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:
So 5% cash back converts into 5x Ultimate Rewards points per dollar with one of the above cards.
Registering for the 5% cash back category should just take a few seconds, so do it sooner rather than later. And if you don’t have a Chase Freedom… well, why not?