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!
One of the most valuable no annual fee credit cards is the Chase Freedom®, thanks to the fact that it offers 5% cash back in select rotating quarterly categories.
Anyway, now that it’s the first quarter, be sure to register to earn 5% cash back at grocery stores, movie theaters, and Starbucks, through March 31, 2015. As a reminder, Walmart and Target don’t qualify as grocery stores for the purposes of this bonus.
It goes without saying that most people spend a considerable amount of money at grocery stores, so this will likely be one of the most lucrative bonus categories of the year, and I’m guessing many people won’t have trouble maxing out the $1,500 bonus limit.
Also, keep in mind that while the Chase Freedom® is marketed as offering 5% cash back, the points can be worth much more than that. 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.
While I live in hotels and therefore don’t do much grocery shopping, I’ll be sure to register my parents for this bonus. And if nothing else I might pick up some gift cards at grocery stores this quarter.
Do you plan on maxing out the 5% bonus category this quarter?