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Chase Freedom’s 5% cash back categories
What makes the Chase Freedom 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.
For the third quarter, the card is offering 5x points on gas stations and Kohl’s, though registration closed for that last week. Assuming you registered, you still have a couple of days to make sure you’ve maxed out the third quarter 5x points bonus.
Register now for the 4th quarter bonus category
Registration for this quarter’s 5% cash back category, is open through December 14, 2015 and will offer 5% cash back at:
Of course there’s no rush in registering, though you might as well get it done now, as you only have to register once and then you’re all set for next quarter.
While I struggled to maximize the third quarter bonus categories, this one is easy for me. Amazon gift cards qualify for 5x points this quarter, so I’ll probably pick up a stack of Amazon gift cards early in the quarter.
I think Amazon gift cards are as close to “good as cash” as gift cards get, given that Amazon sells just about everything, and this strategy worked well for me last year.
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.
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 if you haven’t done so yet make sure you activate the 4th quarter 5% Cash Back Bonus for the Chase Freedom today!
While I easily maxed out the Chase Freedom® 5x points category for the first quarter thanks to the dining category, I struggled a bit more with the third quarter bonus. I live in hotels full time and therefore don’t own a car and don’t drive all that much, so it was a tough category for me. Fortunately, having Amazon as one of the merchants for fourth quarter makes this easy.
Regardless, the Chase Freedom is well worth holding onto long term, given that there’s no annual fee, and ultimately keeping some cards long term is good for your credit score.
How do you plan on maxing out the Chase Freedom fourth quarter 5x points category?