Register To Earn 5x Points At Restaurants And More

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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.

Register to earn 5% cash back at restaurants

Through March 31, 2015, the Chase Freedom® is offering 5% cash back at grocery stores, Starbucks stores, and movie theaters. You can continue to earn that through the end of the month, assuming you registered (registration closed yesterday).

Today Chase has opened registration for the second quarter Freedom categories, valid for purchases between April 1 and June 30, 2015.

The Chase Freedom® second quarter bonus categories include restaurants, Bed Bath & Beyond, H&M, and overstock.com.

I’m especially excited about the 5% cash back at restaurants. My restaurant spend usually goes on the Chase Sapphire Preferred® Card, so it’ll be nice to do better than that next quarter.

While registration stays open through June 14, 2015, it only takes a few seconds to register (you just have to enter your last name, the last four digits of your card, and zip code), so I’d recommend doing so as soon as possible, so you don’t forget.

How to do better than 5% cash back

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.

Bottom line

Having a no annual fee card like the Chase Freedom® is a no brainer. Not only do you earn tons of points in valuable categories, but keeping a no annual fee credit card long term is great for your credit score, since it helps raise your average age of accounts.

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Comments

  1. Hardly my favorite quarter. I think Bed, Bath & Beyond sells gift cards. At least that’s something.

  2. Ben, can you explain more about the following: if I don’t have a Sapphire or Ink, can I not get UR points with the Freedom card?

    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:

    Chase Sapphire Preferred® Card
    Ink Plus® Business Credit Card
    So 5% cash back converts into 5x Ultimate Rewards points per dollar with one of the above cards.

  3. @Washeelers747 I don’t believe so.

    @jb You need a Sapphire Preferred or Ink business card to be able to transfer these to airline and hotel programs.

  4. @ jb — If you don’t have the Ink Plus or Sapphire Preferred then Freedom points can only be redeemed as cash back. You need to have one of those two cards in order to transfer to the Ultimate Rewards airline and hotel transfer partners.

  5. Okay gang… which gift cards does BB&B sell? H&M / Overstock.com don’t thrill me. It doesn’t take too long to hit $1.5k in restaurants, but I’d prefer to do a little MS/office reimbursable instead. 🙂

    I just started the points racket by getting a CSP 2 weeks ago…and blew through the minimum spend on the first purchase.

    Debating whether to go w/Ink Business or Freedom. Leaning towards Freedom for the no annual fee & 5x categories. The q3 / q4 5% categories look interesting to me. Wawa carries Amazon & Visa gift cards. Amazon…..well…doesn’t take much to reach $1500 at Amazon during Christmas.

    @JB, you’re reading that right — as long as you pair up the Freedom card with a card which uses UR points as currency (CSP, Ink), you’re getting 5 points per dollar spent in that category rotating category.

    The UR points are worth more than $0.01 each when you redeem them for travel. Minimum $0.0125, maximum I’ve heard of is $0.05 per point. Seems like getting $0.02 per point isn’t too difficult. Thus, $100 spent on one of the Freedom 5% categories = 500 points. Assuming you’re getting $0.02/point when you redeem it on travel, that’s 500 points*$0.02 = $10 per $100 you’ve spent, or 10% back. Pretty darn good deal. Even at the 1.25% redemption rate, 5%*1.25%=6.25% back.

    Also, Chase has an Earn More Points mall, where you can really clean up. I’ve only had my card for 2 weeks and it looks like I’ll be getting another 5,000 bonus points from the UR Mall alone.

  6. Hello. In comparison how does the Ink Cash factor into this? I have both the CSP and Ink Plus but I would like to cancel it and apply for the Ink Cash being that its a no-fee cc. My CSP is a keeper for car rentals alone. How do you lone feel about the Ink Cash?

  7. @ mommafrica — The Ink Cash is great as well, but is sort of different. Ultimately I think it’s worth having both the Ink Cash and Chase Freedom — they’re two great cards that can boost the Ultimate Rewards points you earn in conjunction with the Chase Sapphire Preferred. So I’d recommend them both.

  8. My last question should have been asked in a better way being that you said “ultimately.” That meaning if you mean that in the end all that one would need is the Ink Cash and Freedom? Is there really that much of a difference between the Plus/Cash?

  9. @ mommafrica — Well you’d want the Ink Cash and Freedom in addition to the Chase Sapphire Preferred, or else the points couldn’t be converted into premium Ultimate Rewards points. But if you have the Sapphire Preferred I’d say the Ink Cash is a good long term option rather than the Ink Plus.

  10. Thanks. That’s what I was semi-beating myself up with. I kept saying the same being that no matter how much I read about and compared them both, it just didn’t seem much of a difference away from the AF.

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