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One of the most compelling no annual fee credit cards is the Chase Freedom®, which offers 5% cash back on up to $1,500 of spend in rotating quarterly categories. As I wrote about in September, the fourth quarter bonus categories include Amazon, Zappos, and select department stores.
Anyway, today is the last day of the quarter, so if you haven’t yet maxed out your fourth quarter bonus category, I’d seriously consider purchasing some Amazon gift cards with your Chase Freedom® today.
I think Amazon gift cards are as close to “good as cash” as gift cards get, given that Amazon sells just about everything.
Keep in mind that while the Chase Freedom® is marketed as offering 1% cash back, the points can be much more valuable than that.
If you have this card in addition to one of the cards that accrue “premium” Ultimate Rewards points, you can transfer Chase Freedom 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.
This year I haven’t been nearly as organized as I’d like to be in making sure I maximize bonuses, be they credit card bonuses, hotel and airline bonuses, or even elite status thresholds. I haven’t yet maximized my Chase Freedom fourth quarter category bonuses, so I just stocked up on some Amazon gift cards.
Did you max out your Chase Freedom fourth quarter 5% bonus categories?