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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.
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.