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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.
You can now earn 5x points on gas stations, Uber, Lyft, etc.
Now that it’s 2017, the first 5x points category for the Chase Freedom is active, and it includes gas stations and local commuter transportation.
If you haven’t yet done so, you’ll want to register 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
As you can see, ridesharing services like Uber and Lyft are included this quarter, which is how I’m guessing most people will be max out the bonus this quarter.
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. This quarter I should have no trouble maxing out the category thanks to the inclusion of ridesharing services.
If you do have a Chase Freedom Card, be sure you register your card and also change the credit card you have on file with Uber and Lyft.
Do you plan on maximizing the Chase Freedom 5x points category for the the first quarter of 2017?
Non-Affiliate Product Disclaimer: The information for the Chase Freedom® has been collected independently by One Mile At A Time. The card details on this page have not been reviewed or provided by the card issuer.