Last Day To Register For Chase Freedom Q4 Spending, New Q1 Bonus Categories Announced, Plus Costco Workaround!

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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 Q4 5% categories. If you activate today you will retroactively receive 5 points per dollar for all bonus spending since the beginning of this quarter!

Q4 spending is valid from 10/1-12/31 for:

Tomorrow, you’ll be able to register for 2021 Q1 spending which will be valid 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 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.

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. You’ll also earn 5 points per dollar on up to $12,000 of grocery spending in your first year, so you can earn another 60,000 points on your grocery spending! 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 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, 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 Q4 and Q1 purchases?

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20 Comments On "Last Day To Register For Chase Freedom Q4 Spending, New Q1 Bonus Categories Announced, Plus Costco Workaround!"

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Sam Finkelstein

I’ve gotten Discover to give me 5% cash back at Bingo when they had a wholesale club bonus category.


Any guesses on whether the 5X for streaming services would be triggered by the Amazon Kindle book gift trick that worked so well for Amex Platinum credits in 2020?


does ordering grocery delivery from that is facilitated/ran by instacart count?

David R

Here’s the answer for Discover. Probably the same for Chase.


Lately the freedom 5x aren’t so good especially if you have an ink card.


Why would you say that? This quarter’s 5x on PayPal is incredible. 5x on absolutely any online purchase if you use PayPal Key (see Dan’s post about it

An Ink card is great if you are a business that spends a lot on office supplies, but I barely use my Ink Cash since I’m just a regular dude. I get 5x on my $45/mo on internet and that’s about it.

Chaim F

If I use my Freedom Visa at a Costco gas station, do I earn 5%?

Chaim On The Run

try it.


Ugh. The current quarter is great, with the PayPal Key trick. Next quarter is quite lackluster (as a Manhattan resident without a car and without a lot of space, wholesale clubs are useless to me; I spend a bit on Internet and phone service, but not much; and the only streaming service I use isn’t on that list and in any case is already paid up through mid-summer).

But at least I know now not to bother prepaying my Internet bill to max out my spend this quarter.


What’s the PayPal key trick?


Which card is the best to use for gas right now, if I normally fill up by Costco?
Been using the Ink Cash, but is there a better option now (mainly have the Chase cards)?


I have an executive costco membership card, if I use the flex card to purchase the costco shop card, I won’t get the 2% back, unless its used solely for gas, then it doesn’t matter.

Rewards are not calculated: (i) on purchases of cigarettes or tobacco-related products, gasoline, Costco Shop Cards,