Update: This offer ends 3/31, but it’s always a good idea to finish spending before the final day!
Originally posted on 3/1:
- You must login and select your Chase Freedom or Chase Freedom Unlimited card to view the offer.
- Registration for this offer isn’t required and the offer is not targeted.
- Booking must be made via the Ultimate Rewards site.
- You can earn this bonus on multiple cards.
- This promotion is marketed as 10% cash back, but you’ll actually get 10 Ultimate Rewards points per dollar spent, which can be worth much more than 10% cash! For example, points can be transferred to a Sapphire Reserve card where they’ll be worth a minimum of 1.5 cents each towards travel or they can be transferred into airline/hotel miles. If you earn 25K points on Freedom/Freedom Unlimited and transfer them to Sapphire Reserve they’ll be worth a minimum of $375 towards travel and your effective rebate will be at least 15%.
- You must use cash and not redeem points for the hotel stay in order to earn 10 points per dollar.
- The 10x promotion is only valid for travel booked in March, though travel can take place at any time. That’s a potential 25K points per card.
Both the Freedom and Freedom Unlimited are excellent no annual fee credit cards.
The Chase Freedom card earns 5 points per dollar on $1,500 in quarterly spending. You can click here to activate this quarter’s Chase Freedom 5% categories. With $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).
Q1 bonus categories:
- 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.
- Drug Stores: This includes everything from prescriptions to gift cards for other stores bought from stores like CVS and Walgreens.
- Tolls: Including tolls paid to attendants or via EZ-Pass prepaid or postpaid payments.
While Chase Freedom 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 is excellent for everyday spending thanks to 1.5 points per dollar that can be earned everywhere with no limit. On the business site, the Chase Ink Unlimited Card also offers 1.5 points per dollar, plus a 50K signup bonus!
Freedom or Freedom Unlimited alone can’t transfer points into much more lucrative airline or hotel miles, but if you or your spouse has a Sapphire Reserve, Sapphire Preferred, or Ink Preferred card then you can transfer points from Freedom to one of those cards and from there to your favorite travel currency. The Freedom or Freedom 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!