September 29th, 2012
Update: 09/30 is the last date for 5+ points per dollar at gas stations and restaurants. People have reported getting the 5 point per dollar bonus even for gift cards purchased inside the gas station, where you can find gift cards for all kinds of other stores.
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Related post: Breaking Down Which Credit Card To Use.
-Chase Freedom Mastercard-Earn $100 cash back (in the form of 10,000 Ultimate Rewards points) when you spend $500 in 3 months.
-Chase Freedom Visa-Earn $100 cash back (in the form of 10,000 Ultimate Rewards points) when you spend $500 in 3 months.
Some DDF members are still reporting success getting matched from 10K points to 30K points by requesting a match by sending a secure message or 2. Can’t hurt to try!
There is no annual fee for Freedom!
-You can earn the bonus points on up to $1,500 of spending between 10/01 and 12/31 on hotels, airline tickets, Best Buy, and Kohl’s..
-You can earn the bonus points on up to $1,500 of spending between 07/01 and 09/30 at any restaurants and gas stations.
Bonuses are on top of 10% bonus points and 10 points per transaction if you also have a Chase checking account.
Of course if you have multiple Freedom cards you can spend $1,500 on each of them.
Don’t have enough to buy right now? Considering buying gift cards at restaurants or gas stations to get a ton of bonus points up front on up to $1,500 of spending and then use the gift cards as needed! I personally value my Ultimate Rewards points at a minimum of 1.9 cents each, so this is like a rebate of almost 10%.
Although they are called “5% categories” you really get 5 Ultimate Rewards points per dollar spent which can be cashed out for 5% cash. For $1,500 in spending you will earn at least 7,500 Ultimate Rewards points.
However if you or you spouse have a Sapphire Preferred, Ink Bold, or Ink Plus card then you can transfer the points over to one of those cards and then transfer them at a 1:1 ratio into much more valuable airline miles (United, British Airways, Southwest, Korean, etc) or hotel points (Hyatt, etc).
Have any Chase checking account as well? You qualify for Chase Exclusives which gives you even more bonus points!
You will earn:
-10% bonus points on top of all base points earned.
-10 bonus points for every transaction you make.
And that’s on top of points for spending in 1% and 5% categories!
For smaller purchases there is no more lucrative card than Chase Freedom if you have Chase checking. Even if you are just buying a cup of Coffee for $2 you should use Freedom over Sapphire Preferred as Sapphire will earn 2.14 points per dollar for a total of 4.28 points while Freedom will earn 1.1 points per dollar plus 10 points, for a total of 12.2 points.