Chase Freedom Flex and Freedom are excellent no annual fee cards thanks to their quarterly 5% categories. While the rewards are marketed as 5% cash back, you’ll actually get 5 Ultimate Rewards points per dollar spent which can be worth much more than 5% cash.
If you max out the $1,500 in bonus spending per quarter you will earn at least 30,000 Ultimate Rewards points over the course of a year (7,500 points per quarter at 5 points per dollar spent) per Freedom card.
You can register now for 2024 Q2 spending which will be valid 4/1-6/30 at:
- Amazon.com. The Amazon.com category includes purchases made at Amazon.com (including digital downloads, Amazon.com Gift Cards, Amazon Fresh orders, Amazon Prime subscriptions, and items sold by third-party merchants through Amazon.com’s marketplace) and Whole Foods Market (including physical Whole Foods Market and Whole Foods Market 365 stores, and the website accessible at www.wholefoodsmarket.com
- All hotels, motels, bed and breakfasts, and inns, so you will earn a total of 9 points per dollar on hotels booked via Chase Travel (as those always earn 4 bonus points per dollar with Freedom Flex), or 5 points per dollar on hotels booked elsewhere.
- All restaurants, including eat-in, take-out, and restaurant delivery services. You will actually earn 7 points per dollar with this category as dining always earns 2 bonus points per dollar with Freedom Flex.
You still can finish Q1 spending through 3/31 at:
- Grocery stores. This includes large grocery chains and small local grocery stores.
- Fitness Clubs & Gym Memberships. This category includes health clubs, exercise, or athletic facilities requiring membership and offering access to services related to physical fitness, such as fitness clubs, fitness centers, fitness studios, gyms, aerobics, cardio fitness and other services such as yoga and cross fit training.
- Self-care and spa services. This category includes self-care and spa services, such as massages, spa treatments, manicures, tanning, and barber and salon services.
You can track your Freedom bonus spending here.
You can currently earn a $200 signup bonus in the form of 20,000 Ultimate Rewards points for spending $500 on the Freedom Flex Mastercard. Plus you’ll earn 3 points per dollar on drugstore and dining purchases and 5 points per dollar on all Travel purchased through the Chase Ultimate Rewards portal.
While Chase Freedom Flex is a great card for the bonus categories, it’s not a great card for everyday spending. However, the Chase Freedom Unlimited® card also has no annual fee and earns 3-6 points per dollar on spending during your first 12 months. Plus it’s excellent for everyday spending thanks to 1.5 points per dollar that can be earned everywhere with no limit, though it doesn’t have rotating 5x categories.
The no annual fee business version of Freedom Unlimited is the Ink Business Unlimited® Credit Card, which offers $750 in the form of 75,000 Chase Ultimate Rewards points after spending $6,000 within 3 months plus 1.5 points per dollar spent.
Freedom, Freedom Unlimited, and Ink Unlimited alone can’t transfer points into much more lucrative airline or hotel miles, but if you or your spouse has an Ink Business Preferred® Credit Card, Chase Sapphire Reserve®, or Chase Sapphire Preferred® Card, then you can transfer points from Freedom to one of those cards and from there to your favorite travel currency. Those cards also allow you to redeem your points for paid travel at a value of 1.25 or 1.5 cents per point. The Freedom, Freedom Unlimited, or Ink Unlimited card can also keep your points alive for free if you do close one of those premium cards.
The value of the points will be based on where you use them, but if you use those points for a trip worth where they are worth 2 cents each then you’ll have effectively earned 10% back on those “5 point categories.” The sky is the limit of the value of airline miles as they aren’t tied to the cost of a ticket. That’s good for people in the know and bad for those who are not. 1 mile can be worth 0.25 cents or it can be worth 25 cents, it all just depends on how you use them!
Where will you make your Q1 and Q2 purchases?
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Does Airbnb fall under the hotel category?
Time for a last-day reminder?