Final Day To Register For Chase Freedom Q2 Spending, New Q3 Bonus Categories Announced!

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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 now have 8 Freedom cards, which makes it all the more lucrative!

Today is the final day to activate Chase Freedom Q2 5% categories. If you activate today you will retroactively receive 5 points per dollar for all bonus spending since the beginning of this quarter!

Q2 spending is valid on $1,500 of spending from 4/1-6/30 for:

Tomorrow, you’ll be able to register for 2022 Q3 spending which will be valid 7/1-9/30 for:

  • Gas stations
    • This includes most 7-Eleven stores and gas stations that sell gift cards for other stores as well. My local GetGo gas stations earn sweet rewards on gift card purchases, making this quarter even more lucrative.
  • Rental Car Agencies
    • Note that Freedom cards do not have primary rental car CDW coverage like Sapphire Preferred or Sapphire Reserve card. However you can rent with a card that has primary coverage and then switch to a Freedom card after the rental is complete.
  • Select Live Entertainment
    • This is a new Freedom category. More details will be announced tomorrow.
  • Movie Theaters

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 Q2 and Q3 purchases?

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25 Comments On "Final Day To Register For Chase Freedom Q2 Spending, New Q3 Bonus Categories Announced!"

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

Chim

Well at the rate we’re going we won’t have to buy gift cards at gas stations for next quarter, we can just buy gas for 3 months, should add up to $1500…

DerDeutsche

Would appreciate if you would announce Discover categories as well

Chris

Discover announces the whole year ahead of time. Next quarter is restaurants and PayPal.

Eli

This quarter was a dud considering that I have the amazon card already, gas stations are definitely a better category

Let’s go

Although since it’s a MC can’t use for Costco gas.

Some guy

Smart categories! They literally nailed it!

kmc

@Dan

how do i “switch to a Freedom card after the rental is complete”

TIA

dave

after the rental ask to pay with another cc most legit rental companies are okay with that. some of the low cost ones might give you a hard time

rental

Just change the method of payment

Another Dan Fan

Is PYB still worth anything after this month? looks like all the good options on my sapphire reserve end in a few days…

KMC

Ok thank for the info Dave and rental.

I usually just hand the car off….

the extra time on a $300 rental say to to get 15-20 in value might be worth it…..

KMC

….pressed post by accident.

its not really 15-20 in marginal value as I am already getting 2% on the ventureX.

so not sure if it is worth my time but still a cool trick

CtownBin

@Dan- I know Chase counts GetGo as gas like you mentioned, while AMEX doesn’t count it. Any idea about Discover? They have gas as a category in Q2, I’d love to max that out with VGC at GetGo…

Ralph

What are the details of the new category “Select live entertainment”? what does that mean?

dave

i called chase and asked them- if i got an opening bonus within a year for the freedom unlimited, am i eligible for an opening bonus for the freedom flex? they told me i have to wait 48 months to be eligible for another freedom bonus.
is this true information?

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