Chase Freedom Flex and Freedom are excellent no annual fee cards thanks to their quarterly 5% categories. While the rewards are marketed as 5% cash back, you’ll actually 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 8 Freedom cards, which makes it all the more lucrative!
You can register now and start spending on the Chase Freedom Q2 5% categories which will be valid 4/1-6/30 at:
- Amazon.com, including Amazon account reloads and gift cards sold by Amazon for hundreds of other stores.
- Select streaming services, including HBO Max, Paramount+, Peacock, Showtime, Disney+, Netflix, Hulu, Sling, Vudu, Fubo TV, Apple Music, SiriusXM, Pandora, Spotify, YouTube TV, and ESPN+.
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 earns 3 points per dollar on up to $20,000 of spending during your first 12 months. 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. Read more about the Freedom Unlimited card here.
The no annual fee business version of Freedom Unlimited is the Ink Business Unlimited® Credit Card 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 Business Preferred® Credit Card, Sapphire Reserve, or Chase Sapphire Preferred® 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 purchases?
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11 Comments On "Chase Freedom’s Q2 5x Bonus Categories Are Now Live!"
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I have the Amazon credit card, I dont pay for streaming since I’m jewish, so my freedom cards will be sockdrawered for the next 3 months
5 Chase points are worth much more than 5% back on the Amazon card.
Is AWS included?
many people use the chase business business cash to buy Amazon GC up to 50K at a 5% clip so why are these great categories?
For those who don’t
Regarding the Amazon card, I got a 5% offer for gas for the next few months when paying with the amazon card. I typically put gas on the Freedom Unlimited earning 1.5 Chase points. In this circumstance, is it better to use the amazon card or the freedom unlimited for gas for the time-being?
For most people 5% back is better than 1.5 UR points. BUT, you should be getting at least 5 UR point for all gas … all the time … buy buying gas gift cards at places giving 5 UR (like office supply stores).
not necessarily if they only sale certain gas stations gc like fir example Exxona nd shell and if those 2 are more expensive in your area than Costco and BJ’s then you have to do the math
Does an Amazon Fresh online food order code as “Amazon” and qualify for the bonus, or as “Grocery”?
Amazon.
Does adding money to your Apple ID count?