Chase Freedom’s Excellent Q4 5x Bonus Categories Are Live

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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). My wife and I have 8 Freedom cards, which makes it all the more lucrative!

You can register now and start spending on the Chase Freedom Q4 5% categories which will be valid 10/1-12/31 at:

  • Walmart and Walmart.com
  • Paypal
    • Including purchases from anyone, charity via Paypal, or purchases from any websites that accept Paypal.

You can check your current 5% earnings here by clicking on “Your Dashboard.”

 

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. Read more about the Freedom Flex card here.

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 points per dollar on up to $20,000 of 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. Read more about the Freedom Unlimited card here.

The no annual fee business version of Freedom Unlimited is the Chase Ink Unlimited Card, which offers $750 in the form of 75,000 Chase Ultimate Rewards points after spending $7,500 within 3 months plus 1.5 points per dollar spent. Read more about the Ink Unlimited card here.

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 Preferred, Sapphire Reserveor Sapphire Preferred, 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 or other select consumer categories and business categories 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 Q4 purchases?

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13 Comments On "Chase Freedom’s Excellent Q4 5x Bonus Categories Are Live"

All opinions expressed below are user generated and the opinions aren’t provided, reviewed or endorsed by any advertiser or DansDeals.

yelped

That screenshot is from today? 🙂

AE

Simple. Just send yourself a PP payment (costs 2.9% + $0.30) or buy $1,500 of Walmart or Amazon GC’s. If you’re getting 5% (effectively at least 7.5% with Sapphire Preferred), it makes sense.

Pp

How do you send yourself?

Yitzyul

Target gift card 😉

Darrell Martinsen

I am brand new to this and just got my freedom card last week. Are you saying that when I earned my bonus or spending $500 that I am better off to use the points instead of getting the $200 cash? Does this mean that I could essentially get $300 off air travel instead of the 200 in cash or something like that?

Jon

would paying my electricity bill with paypal (through paymentus plus a convenience fee) qualify for the 5%

Pp

Anything via PP will qualify

Am Haaretz

PSA – sending $ with Chase freedom via PayPal “friends and family” will likely incur the wrath of Chase cash advance fees.

N F

We used to be able to create a virtual PayPal card number to be able to earn 5% everywhere cant find it anymore on the website does anyone know if this is still available with PayPal

shaya K

Seems to be discontinued

Eli

If you use PayPal from Walmart.com will you get 10%?

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