Earn 5x Points At Costco This Quarter

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!

Update: This offer for Barclaycard Arrival Plus™ World Elite Mastercard® is expired, but there’s currently an opportunity to earn 50,000 miles after spending $3,000 within first 90 days of having the card. Learn more about the special offer here.

I’ve mentioned before that the Chase Freedom is one of my favorite credit cards. The Freedom card offers 5x points in rotating quarterly categories, for up to $1,500 of spend per quarter, and the categories tend to make sense for the average consumer.

You can use this as a cash back card (and who doesn’t want 5% back?!) or merge the points with those earned on your Chase Sapphire Preferred® Card. The combined points can be transferred to the Ultimate Rewards airline and hotel partners.

This quarter offers 5x points at grocery stores and wholesale clubs, which is a pretty broad category.

You’ll definitely want to activate your 5x bonus, as it should be easy for nearly everyone to max out this month if you think creatively.

Costco is a warehouse club too

This is what I’m most excited about, and as OMAAT readers prefer Costco to other warehouse clubs, this will hopefully come in handy for many of you.

The FAQ for this quarter mentions that purchases made on warehouse club websites will count for the 5x bonus.

Costco-Freedom-5x-01

Costco isn’t listed, because, well — Costco technically only takes American Express cards.

However, while Costco won’t begin accepting Visa cards in-store until mid-June, thanks to Travis’ trick of buying Costco Cash cards online, you can realistically use any card you want.

So, in the interest of science, I purchased a $100 Costco Cash card over the weekend using my Chase Freedom:

Costco-Freedom-5x-03

The transaction is still in “pending” status (which is odd, as the gift card has already shipped), but a quick call to Chase confirmed that the merchant code for Costco.com is associated with “Warehouse Club” and will earn 5x points.

Costco-Freedom-5x-02

Needless to say, I’ll be ordering several more Costco Cash cards in the coming weeks!

Think beyond “grocery”

Even if Costco isn’t your jam, there are still other creative options. While most families spend a lot on groceries, our two-person household realistically isn’t going to spend $1500 on perishables this quarter, so I can relate.

If you’re thinking there’s no way you can eat your way to $1500, hopefully your local grocery store sells plenty of gift cards…

giftcards

We’ll pick up some Amazon gift cards, which we’ll certainly use (grrr textbooks), but there are typically hundreds of options, so you should be able to find something that fits your spending habits.

Bottom line

If you’ve had the Chase Freedom for some time, you’re probably already accustomed to finding creative ways to max out the bonus categories, so this isn’t an earth-shattering concept.

I didn’t know about purchasing Costco Cash cards online until recently though, and it’s nice to have confirmation that costco.com purchases count for the 5x bonus.

What are your plans for maxing out your Chase Freedom bonus this quarter?

Regarding Comments: The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.

Comments

  1. I’m happy this Q because supermarkets have a better selection of gift cards than Staples.

  2. Costco in my area accepts their affiliated credit card and debt cards only – never Chase credit cards! And Sam’s Warehouse Clubs does not accept Visa inside their stores (accept Visa for gasoline), only MC.

  3. @ Kalboz — Correct, but they all accept their own gift cards which can be purchased on their websites, with any credit card (regardless of issuer).

  4. This is super useful. I already knew about buying cash card from costco.com. But I didnt know if chase will code it as warehouse or not. Now I know. Its also good for gas at Costco too if that is where you get your gas.

  5. Does anyone know which supermarket carry Apple gift card (NOT iTune, because it can’t purchase Apple product) ? Yesterday and today i went to the supermarkets, one did not have Apple gift card and another did not even sell gift card. I like to get $600 or $700 for iphone 7 upgrade.

    Similar question, but for next year.
    Does any know where to buy Chevron or other Gas gift card? i spent 150-200 monthly in gas and definitely like to max 5% if i can.
    Thanks!!

  6. I sent Chase a message asking if Costco counted for the Freedom 5x, but I was told that it wasn’t on the list of merchants and would not count. This was probably a week ago.

  7. @freqflyercoll – It not on the list because in store deos not take visa (until June 20th).
    Like previous posts, you can buy online with freedom and get 5x points. That’s what I did.

  8. Even though the Costco Citibank Visa just became active on June 20, I brought my Chase Freedom Visa with me instead. I decided to fill up my gas tank at Costco gas since the lines were short and had half a tank. That’s when I realized I don’t have the Costco Visa on me to get 4% cash back on gas! I used my Chase Visa but I’m not sure it gives 5% back at Costco Gas or other Costco services such as food court or tire center. Do you know? I guess I will find out when I get my next Chase bill and check the rewards earned.

  9. That’s actually really great advice to buy the Costco cash cards online as I can use them throughout the year and maximize the $1500 cap on the 5% category.

    You mentioned how expensive textbooks are have you considered buying used textbooks and using textbook price comparison tools like http://www.TextbookOrder.com ? It saves me a good chunk of money every semester

Leave a Reply

Your email address will not be published. Required fields are marked *