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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.
While you can continue to earn 5x points on grocery stores and wholesale clubs through June 30, 2016, registration for that category has now closed.
Register to earn 5x points at restaurants and wholesale clubs
Registration has just opened for the third quarter Chase Freedom 5x points category, so you can register now to earn 5x points at restaurants and wholesale clubs between July 1 and September 30, 2016.
Originally the 5x points category for the third quarter was only supposed to be for restaurants, but it has been extended to wholesale clubs, probably because Costco’s switch from American Express to Citi (and by extension, Visa) was delayed significantly.
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.
Assuming you’ve already registered, you have another couple of weeks to earn 5x points at grocery stores with the Chase Freedom. However, you can now register for the third quarter bonus, which offers 5x points on a combined total of up to $1,500 of spend at restaurants and wholesale clubs. Registration is easy, so I’d recommend doing it sooner rather than later.
The Chase Freedom is a no brainer card which I’ve had for many years, and I typically max out the 5x points bonus each quarter. It nicely complements my premium Chase cards, to help me maximize my Ultimate Rewards points.