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The Chase Freedom is one of my favorite no annual fee credit cards, as it offers 5x points in rotating quarterly categories, for up to $1,500 of spend per quarter. Most people use this as a cashback card, meaning the 5x points really translates into 5% cashback in these categories.
The best part is that in conjunction with the Chase Sapphire Preferred® Card or Ink Plus® Business Credit Card, points earned on this card can be converted into “premium” Ultimate Rewards points, and be transferred to the Ultimate Rewards airline and hotel partners. Since I value one Ultimate Reward point at significantly more than one cent, that’s my preferred use of points.
Register to earn 5x points at grocery stores
As you can see above, for the second quarter (April 1 through June 30) you can earn 5x points at grocery stores and wholesale clubs. While you can continue to earn bonus points for these categories through June 30, 2016, the last day to register for 5x points in the second quarter is Tuesday, June 14, 2016 (starting June 15 you can register for the third quarter categories).
Grocery stores are eligible (which doesn’t include Walmart and Target), as well as wholesale clubs (including BJ’s and Sam’s Club).
To register you’ll have to enter your last name, the last four digits on your card, and the zip code. Once you’ve registered, you’ll be brought to a page confirming your registration.
How to make Chase Freedom points even more valuable
Just to recap, you earn points on the Chase Freedom, and each point can be redeemed for one cent cashback.
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% cashback converts into 5x Ultimate Rewards points per dollar with one of the above cards.
You have another couple of days to register for 5x points at grocery stores and wholesale clubs, and can continue to earn those bonus points for purchases through the end of the month (within the $1,500 limit, of course). Then starting Wednesday it will be possible to register to earn 5x points at restaurants, for purchases July 1 through September 30, 2016. I’ve just about maxed out the 5x points bonus for this quarter, and can’t wait to earn 5x points on restaurants starting next month.
If you don’t yet have the Chase Freedom, it really is a card which is worth signing up for. Not only can it help boost your Ultimate Rewards balance, but having a card without an annual fee long term can help boost your credit score as well.
Have you maximized the 5x points category on the Chase Freedom for the second quarter yet?