Chase Freedom is an excellent no annual fee card thanks to its quarterly 5% categories. 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. For $1,500 in 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).
You can view credit card offers by clicking on the “Other Credit Cards” tab on top of the DansDeals banner to view links for card offers. You can click on the link that says “View all card offers by issuing bank” and scroll down to view all card offers from the bank of your choice.
2017 bonus categories:
Q1: Gas stations and local commuter transportation
Q2: Grocery stores and drugstores
Q1 bonus spending:
You can earn 5 points per dollar on up to $1,500 in spending at gas stations between 1/1-3/31. You can buy gift cards to other stores at gas stations as well.
Visa seems to count all 7-Eleven’s as gas stations, even if they don’t sell gas!
You’ll also get 5 points per dollar on local commuter transportation which includes:
-Local and suburban passenger commuter train (NJ Transit, LIRR, BART, etc), subway, buses, metro, and ferry tickets.
Freedom alone can’t transfer points into much more lucrative airline/hotel/train currencies, but if you or your spouse has a Sapphire Reserve, Sapphire Preferred, Ink Plus, or Ink Business Preferred card then you can transfer points from Freedom to one of those cards and from there to your favorite airline miles or hotel point currency. The Freedom card can also keep your points alive for free if you do close one of those cards. As airline miles the value of the points will be based on where you use them. 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!
If you have a Sapphire Reserve card you can also use the points at a value of 1.5 cents each towards airfare, car rentals, hotel, and activities.