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The Chase Freedom® Card 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, Chase Sapphire Reserve® Card, or Ink Business Preferred℠ Credit Card, points earned on this card can be converted into 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.
Now open: register to earn 5x points for the third quarter of 2018
Through June 30, 2018, Chase is offering 5x points for the first $1,500 of combined purchases for PayPal, Chase Pay, and grocery stores. However, registration for that category closed yesterday.
Chase has just opened registration for the third quarter 2018 bonus category. You can now register to earn 5x points on the first $1,500 of combined purchases with Lyft, Walgreens, and gas stations, between July 1 and September 30, 2018 (we only learned about these bonus categories recently).
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.
I think these categories are pretty straightforward in terms of what’s included. Do note that not all ridesharing and drugstores are included, but rather only Lyft and Walgreens. Furthermore, typically only standalone gas stations are included, so not gas stations at membership clubs, for example.
Personally this is the least interesting bonus category for me in a long time. I don’t typically use Lyft (though may this coming quarter), I don’t spend much at drugstores, and I don’t spend much at gas stations.
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 Ultimate Rewards points, you can transfer these points to Ultimate Rewards. Cards that accrue 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. If you’ve already registered for the second quarter bonus category, you can continue to earn 5x points for PayPal, Chase Pay, and grocery stores, for the next couple of weeks.
Beyond that, you can now register to earn 5x points with Lyft, Walgreens, and gas stations. While I easily maxed out the first and second quarter bonus categories, the third category bonus category will be a tougher one for me.
Do you plan on maxing out the Chase Freedom third quarter 2018 bonus category?