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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 Business Preferred℠ 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 Rewards point at significantly more than one cent, that’s my preferred use of those points.
While you can continue to earn 5x points for the fourth quarter at department stores (assuming you’ve registered), Chase has just unveiled the 5x points categories for the first two quarters of 2017, and opened registration for the first one.
Here are the 5x points categories for 2017:
As you can see, you can:
- From January 1 through March 31, 2017, you can earn 5x points at gas stations and on local commuter transportation
- From April 1 through June 30, 2017, you can earn 5x points at grocery stores and drugstores
Register to earn 5x points at gas stations & on commuter transportation
Registration has just opened for the first quarter 2017 Chase Freedom 5x points category, so you can register now to earn 5x points at gas stations and on local commuter transportation for purchases between January 1 and March 31, 2017.
Registration is easy — just go to the registration page and enter your last name, billing zip code, and the last four digits on your card, and you’ll be registered.
In case you’re wondering what specifically qualifies under the above categories, here’s how Chase explains them:
- “Gas stations” does not include merchants that do not specialize in selling automotive gasoline, including truck stops, boat marinas, oil and propane distributors, and home heating companies
- “Local commuter transportation” includes taxis, subways, local commuter buses and trains, and does not include parking, tolls, and Amtrak purchases; it’s also worth noting that it does include services like Uber, Lyft, and Sidecar
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 accrues “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.
The Chase Freedom is one of the best no annual fee cards out there, and I do everything I can to max out the 5x points category every quarter. The first quarter bonus category works great for me, as I spend a good amount on Uber, so I suspect I’ll be able to max that out without issue. The 5x points at grocery stores and drugstores will be tougher for me to max out, given that I don’t shop much at either, though I suspect that’s a category that many will find useful.
If you do have a Chase Freedom Card, you might as well register your card as soon as you can, before you forget.
Do you plan on maximizing the Chase Freedom 5x points category for the the first and second quarters of 2017?