Update: Just a reminder than tomorrow, 12/14, is the final day to register for the Freedom Q4 categories! You have until 12/31 to finish spending.
Registration for Q1 opens on 12/15 and I don’t know about you but I’m going to blow through $3,000 of “spending” on 2 Freedom cards for 15.5K UR points at CVS on New Year’s day pretty easily 😀
Originally posted on 11/28:
-Chase Freedom Mastercard-Earn $100 cash back (in the form of 10,000 Ultimate Rewards points) when you spend $500 in 3 months.
-Chase Freedom Visa-Earn $100 cash back (in the form of 10,000 Ultimate Rewards points) when you spend $500 in 3 months.
There is no annual fee for Freedom!
The 5 point categories for 2013 have been announced and are as follows:
Q1, January – March: Gas stations, Drugstores & Starbucks
Q2, April – June: Restaurants & Movie theaters
Q3, July – September: Gas stations, Theme parks & Kohl’s
Q4, October – December: Select department stores & Amazon.com
Don’t forget that at gas stations and drug stores you can buy gift cards for other stores so that you earn 5 points per dollar there as well.
Of course if you have an Ink Bold, Ink Plus, Ink Cash, or Ink Classic 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. With the Bold/Plus cards that’s capped at $50,000 per year and with the Classic/Cash cards that’s capped at $25,000 per year. The cards also earn 2 points per dollar year round at gas stations and either hotels (Bold/Plus/Classic) or dining (Cash)
Don’t forget to activate your Q4 2012 Chase Freedom 5% categories by 12/14 and finish spending for hotels, airlines, Best Buy, and Kohl’s by 12/31.
You can also buy Amazon Kindle gift cards at Best Buy stores to earn 5 points per dollar. Kindle gift cards work for everything sold on Amazon.com
Or you can buy gift cards from airlines or hotels that will lock in 5 points per dollar for future travel.
You earn 5 points per dollar on up to $1,500 of spending per quarter.
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.
However if you have a Sapphire Preferred, Ink Bold, or Ink Plus card then you can transfer the 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, etc) or hotel points (Hyatt, etc)
If you are grandfathered for Freedom Exclusives you also get 10 points per transaction and a 10% bonus on base spend points.