Chase Freedom Flex and Freedom are excellent no annual fee cards thanks to their quarterly 5% categories. You can read about the differences between those cards here. While they call it 5% cash back, you’ll really 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 6 Freedom cards, which makes it all the more lucrative!
Today is the final day to activate Chase Freedom Q1 5% categories. If you activate today you will retroactively receive 5 points per dollar for all bonus spending since the beginning of this quarter!
Q1 spending is valid from 1/1-3/31 for:
- Wholesale Clubs including BJs, Costco, and Sam’s Club. Wholesale Clubs also includes other stores categorized as wholesale, like Bingo Wholesale and more.
- Internet, Cable, and phone services, including bills for internet, cable, satellite television and radio, cellular, wireless data, and landline services
- Select streaming services, including Disney+, Netflix, Hulu, Sling, Vudu, Fubo TV, Apple Music, SiriusXM, Pandora, Spotify, YouTube TV, and ESPN+.
Note that if you have a Freedom Flex Mastercard you will only be able to use it on Costco.com and not in store as they only take Visa cards in store. You can still get 5 points per dollar in store by buying a Costco Cash card here and using it in store. In fact you don’t even need a Costco membership to use a Costco Cash card in store, though you do need to be a member to purchase one.
Also note that gas stations at wholesale clubs are excluded, however you can buy gift cards from wholesale clubs online and or in-store, such as a Costco Cash card, and use those to pay for gas in order to earn 5 points per dollar spent.
Tomorrow, you’ll be able to register for 2021 Q2 spending which will be valid 4/1-6/30 for:
- Gas stations: This includes most 7-Eleven stores and gas stations that sell gift cards for other stores as well. You can lookup how a store is categorized here. My local GetGo gas stations earn sweet rewards on gift card purchases, making this quarter even more lucrative.
- Home Improvement stores. This includes large chains like Home Depot and Lowe’s and smaller home improvement stores. These stores sell gift cards to other stores as well.
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 the same signup bonus, 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 Ink Business Unlimited® Credit Card 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 Business Preferred® Credit Card, Sapphire Reserve, or Chase Sapphire Preferred® Card, or 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 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 Q1 and Q2 purchases?
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10 Comments On "Last Day To Register For Chase Freedom Q1 Spending, New Q2 Bonus Categories Announced!"
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Any way to check how much of the $12K for grocery stores I utilized?
Call up and when they figure out what your talking about they’ll be able to tell you how much “additional 3.5% earnings” you earned
Does this 5% deal only apply to the “Flex” card? not working with my Freedom Unlimited card.
Correct. Only with the flex or plain freedom, not unlimited.
can you make an intro on how to know when it pays to transfer and figure out the value?
introduction to points transfers?
https://www.dansdeals.com/credit-cards/credit-cards-points-start-need-know-best-credit-cards/
You might want to take out the 5x on grocery for $12,000
@Dan- I know this post is about the Freedom cards, but from one fellow Clevelander to another- it might be worth mentioning parenthetically in the post that GetGo does NOT code as gas stations for AMEX cards. I got burned on that one big time once unfortunately, didn’t realize till I had spent $4k, ah well.
But yes, the Freedom category combined with Fuelperks when buying VGC is pretty sweet.
April we usually look forward to grocery category….
Dan, we live in Israel, nearing 80 years old, we’re in the US 2 months of the year. In Israel I average $1,800 a month in cc purchases. Please suggest the most appropriate cc for me. I have a Chase Bonvoy, $90 Visa now.
Thanks so much for assisting the active elderly