The Chase Freedom Visa currently has a 20,000 point signup bonus. That bonus is marketed as $200 cash back as points can be used for cash back, though you would be wiser not to. This is double the previous signup bonus and is available for a limited time only.
Additionally it also offers another 2,500 bonus points (marketed as $25 cash back) for adding a free additional user. You’ll have 23,000 points for opening a new card, adding an additional user, and spending $500. That’s enough points for 5 free short-haul flights.
Tomorrow, 06/14, is the last day to activate your Q2 Chase Freedom 5% categories. Although they are called “5% categories” you really get 5 Ultimate Rewards points per dollar spent which can be cashed out for 5% cash. For $1,500 in spending you will earn at least 7,500 Ultimate Rewards points. If you or your spouse has a Sapphire Preferred, Ink Plus, or Ink Bold card you can transfer Freedom points over to one of those cards and then transfer them at a 1:1 ratio into much more valuable airline miles (United, British Airways, Southwest, Korean, Singapore, etc) or hotel points (Hyatt, etc). The $1,500 quarterly limit is per Freedom card.
If you have a Chase checking account you will also earn a 10% bonus on all points earned during 2014 on your January or February 2015 statement. That means you’ll earn a whopping 5.5 points per dollar in these categories or 8,250 points each quarter.
The 5 point categories for the rest of 2014 are as follows:
Q2: Restaurants and Lowe’s.
Q3: Gas stations and Kohl’s.
Q4: Amazon.com, Zappos.com, and Department stores.
So go out to eat from now until June 30th and you’ll earn a whopping 5-5.5 per dollar spent. Buy a gift card from your favorite eatery to lock in savings.
Or buy gift cards from Lowe’s. See this post for gift cards that they sell for all kinds of other stores where you’ll be able to earn 5 or 5.5 points per dollar.
Of course if you have an Ink Plus, Ink Bold, or Ink Cash card you will earn 5 Ultimate Rewards points per dollar spent all year round on telecom, cable, internet, as well as everything from office supply stores, which includes gift cards to other stores and prepaid cash cards that can be used anywhere.With the Bold/Plus cards that’s capped at $50,000 per year and with the Cash card that’s capped at $25,000 per year. Plus the Ink Visa cards earn 1% cash back on top of 5 points per dollar for $200+ purchases at Staples and other stores with Visa Savings Edge. The cards also earn 2 points per dollar year-round at gas stations and either hotels (Bold/Plus) or dining (Cash).