Tuesday, March 6th, 2012, 12:35 am
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Chase Freedom (ranked #3 of all credit cards on the DansDeals credit card page) goes from being a great card to an awesome card if you have a Chase checking account. And of course having a Sapphire Preferred or Ink Bold card makes the Freedom card even better as they allow you to transfer the Freedom points into much more valuable airline miles or hotel points instead of just using the points for 1% cash back.
The regular Freedom card gives 1 point per dollar spent and 5 points per dollar spent at rotating categories (currently Amazon.com and gas stations) for up to $1,500 in purchases (which earn 7,500 bonus points) per quarter.
If you also have a Chase checking account then you qualify for Chase Exclusives where you also get 10 points every time you use your card as well as 10% bonus points on all purchases. That means you should only use your Sapphire Preferred card on purchases made outside the USA or on purchases of at least $10 on dining (including restaurants and caterers) or travel (which includes airfare, hotels, car rentals, charges in airports, travel agencies, timeshares, trains, buses, taxis, limos, ferries, bridges, tolls, and parking) as Freedom with Exclusives will always earn more points than Sapphire on any other purchases. Of course when restaurants earn 5 points per dollar on Freedom during Q3 and when hotels and airlines earn 5 points per dollar on Freedom during Q4 you should use Freedom over Sapphire even in those cases.
It can take 2 or 3 billing statements after having both a Freedom card and a checking account for the Exclusives link to be automatically made. However multiple DDF members have reported that you can actually send a secure message to Chase asking for the Exclusives points lost during the linkage period and Chase will make you whole for all those extra points. Nice find guys!