[Quarterly Grocery Bonus Will Stack With New Cardmember Grocery Bonus!] Register Now For Freedom Q3 Bonus Categories, Freedom Cards Now Have Pay Yourself Back

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Update: If you signed up for the Chase Freedom Flex when it launched with an intro offer of 5% back on $12,000 of groceries in your first year, you can stack that offer with Q3’s grocery bonus! As both offers are actually 4 bonus points per dollar on top of the 1 base point, you will earn an effective 9 points per dollar on up to $1,500 of grocery purchases during Q3 broken down as 1 base point, 4 bonus points for the Q3 bonus, and 4 bonus points for the new cardmember bonus!


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!

From 7/2-9/30, Chase Freedom Flex, Freedom, and Freedom Unlimited cardholders will be able to use Chase Pay Yourself Back to offset up to $250 in dining purchases at a value of 1.1 cents per point. That’s on top of the 3 points per dollar that you earn on dining with the Chase Freedom Flex or Freedom Unlimited cards.

A great feature of the program is that you keep the original points that the purchase earned, even though you paid yourself back for the purchase. That means your points will be worth more than 1.1 cents each!

In other words, if you spend $250 on dining, you can use 22,727 points to offset that purchase and make it free. Plus, you’ll still earn the 750 points for dining, so you effectively used 21,977 points to offset the purchase. That means your points were actually worth 1.14 cents each!

Of course your points will be worth much more than that if you or a spouse have a Sapphire Preferred card or Sapphire Reserve card but it’s a nice option to have otherwise.

You can register now for 2021 Q3 spending which will be valid 7/1-9/30 at:

  • Grocery stores. This includes large grocery chains and small local grocery stores. These stores sell gift cards to other stores as well. You can lookup how a store is categorized here.
  • Select streaming services, including Disney+, Hulu, ESPN+, Netflix, Sling, Vudu, Fubo TV, Apple Music, SiriusXM, Pandora, Spotify and YouTube TV.

Multiple readers report that Bingo Wholesale stores now code as grocery stores. If you try using them in July, post a comment to let us know if they earn 5 points per dollar!

You still can finish Q2 spending through 6/30 at:

  • 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. You’ll also 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 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 Q2 and Q3 purchases?

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16 Comments On "[Quarterly Grocery Bonus Will Stack With New Cardmember Grocery Bonus!] Register Now For Freedom Q3 Bonus Categories, Freedom Cards Now Have Pay Yourself Back"

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

Od

when did bingo start coding as grocery store? so no longer codes for wholesale or its both!

Avrohom

Amex has always coded Bingo as a wholesale club and not grocery. Has that changed as well?

Avi

I have the Flex card that got the intro offer of up to $12,000 5x UR points, does that mean for this 1/4 I will get 10 UR on $1,500 groceries?

Avi

Found this online:
https://creditcards.chase.com/freedom-credit-cards/flexfaq
Yes, as long as you are activated for the quarter, you will earn both offers simultaneously until you reach the spend cap for each offer ($1,500 quarterly spend cap applies to combined purchases for both quarterly bonus categories: Grocery Stores and Select Streaming Services); however, please note, since both your new cardmember bonus and quarterly bonus are earned as 4% bonus cash back on top of the 1% cash back earned on every purchase, the most you will earn per $1 in grocery store purchases in Q3 is 9% cash back: 1% earn on every purchase, plus 4% for the quarterly bonus, plus 4% for the new cardmember bonus. Your 1% and 4% bonus earns will display as separate lines on your billing statement.

Avi

For the double dipping, make sure you finish spending the $1500.00 b4 the 12 month promo ends, if you got the Flex card in September 2020 don’t wait till end of Q3.

Leibish

I used my Amex Blue Cash Preferred by bingo last week and I only got %1 cash back instead of the %6 for grocery, looks like its still categorized as wholesale club.

4yourinfo

So when I pay myself back on a freedom purchase is it 1-1 even though I have a reserve card?

PCM

Any way i can know how much of the $12,000 i have spent so far? i guess i can check each card statement but looking for an easier, more straight forward way to do it

Liam K. Nuj

Sorry, Dan, but as a math teacher, I have to disagree with your math regarding “Pay Yourself Back” (PYB). I see no reason to recalculate the value of points used for PYB any more than points earned for travel, hotel stays, or cash back (in fact, for me, PYB cards are less valuable than straight cash back, as I will point out at the end).
Let’s compare “Pay Yourself Back” (PYB) with cash back (my preferred type of credit card). If I were to earn 1.1 points per dollar spent on either type of card, I would then earn 1100 points for spending $1000. With PYB, I can use those 1100 points and pay off, say, $11 of groceries or some specific category that I purchased with that same card, and I do not forfeit the points that I earned on that $11 grocery purchase (the premise for your increasing the value of PYB points).
With cash back, if I were to earn 1.1 points/cents/% per dollar spent, I would also earn $11 for spending $1000. I can then take that $11 and pay down ANY purchase I made on that credit card (or transfer the cash to my bank account and use the $11 to pay a different credit card or pay tuition or whatever). I do not have pay only grocery or specific category purchases made in the last 90 days on that credit card. And I ALSO would not forfeit the points I earned on that $11 portion that I just paid off.
But I don’t earn a mere 1.1 cents or even 1.5 cents per dollar spent. I earn an unlimited 2 cents per dollar spent on every purchase, with no restrictions or time limits. And I could then use that money any way I please, without forfeiting any points earned.
Nevertheless, I still jump at great offers you post, like the Chase Sapphire cards (alas, I was 2 weeks too early and got “only” 80,000 points). I focused a lot of my $4000 required purchases on groceries and I knocked off over $1000 off my credit card with the 80,000 bonus points + 4000 points earned. Going forward, I would have little reason to use the Sapphire card, other than for renting cars or 5% bonus categories.

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