Learn more about the Chase Freedom card here.
With the Chase Freedom Card, you can earn a $150 cash back bonus after you spend $500 on purchases during your first 3 months of opening an account! Additionally, you can enjoy a 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate and unlimited 1% cash back on all other purchases.
Plus, enjoy no annual fee along with this card. Below is all the information and details you need to earn your Chase Freedom® Card bonus!
5% Cash Back Categories
The Chase Freedom® Card will earn you 5% cash back in combined purchases (up to $1,500) in the categories you activate each quarter (every 3 months) while still earning 1% for all other purchases.
Note, these cash back rewards do not automatically apply by simply swiping your credit card when making purchases. You have to make sure you enroll online to activate the 5% cash back categories. You have until the middle of the last month of the current quarter to do so. When you activate your cash back, your cash back earnings are retroactive throughout the quarter. If you forget or don’t enroll, you will not be eligible to receive the 5% cash back rate. So be mindful!
On another note, if you keep up with the 5% cash back categories and take advantage of the $1,500 in combined purchases per quarter, you could earn up to $300 in extra rewards with the offered cashback rate throughout the course of the year, which amounts to $75 in cash back each quarter!
Be sure to visit BankDealGuy to explore the best credit cards related to 5% cash back categories.
Department Store Categories
Also, when the rotating category is for department store purchases, you can get even more rewards by accessing the the Chase Ultimate Rewards portal, or “Shop Through Chase,” an online storefront, where you can get up to 10% cash back or more on your online purchases!
From past offers of this categories, I found that some of the re-occurring eligible department stores include Sears, JCPenney, Macy’s, Saks, Nordstrom, Kohl’s, Nordstrom Rack, Neiman Marcus, Saks Fifth Avenue, and such. Some stores that are usually excluded from this category are Target, Walmart, and TJ Maxx. Make sure to double check the 5% cash back exclusions before you start your shopping.
These might be subject to change this year, but this is just to give you an idea of what stores to expect when the quarter time nears.
Even if the current rotating category is not for department store purchases, you can still take advantage of these cash back boosted categories with your Chase Freedom® Card or another Chase credit card. These offers do change frequently, so sign up for email alerts or check your account often to keep up with the current deals.
Be sure to visit BankDealGuy to explore the best credit cards related to department store purchases.
Chase Freedom Card Summary
|With the Chase Freedom® Card:
-0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%. Balance transfer fee is 5% of the amount transferred, $5 minimum
-Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
-Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
-Enjoy new 5% categories each quarter
-Unlimited 1% cash back on all other purchases - it's automatic
-Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
-Free credit score, updated weekly with Credit JourneySM
-No annual fee
Chase Freedom Card Key Features
Welcome Offer: Spend $500 within three months of account opening and get a $150 bonus cash back.
Earn Cash Back Rewards: The Chase Freedom® Card offers 5% cash back on up to $1,500 in total purchases, giving you $75 in total cash back rewards, in certain quarterly rotating spending categories. These categories vary each quarter and year, so check the Chase Freedom Card cashback calendar to keep up with what’s being offered. After you hit the quarterly spending cap, additional purchases in the 5% cash back categories earn an unlimited 1% cash back. All other purchases earn an unlimited 1% cash back.
Redeem Cash Back Rewards: Redeem your rewards for a statement credit, a deposit, gift cards, or purchases through Chase Ultimate Rewards shopping portal. Cash back rewards don’t expire as long as your account is open. And there is no minimum to redeem for cash back.
Important Fees: The Chase Freedom® Card does not charge an annual fee. Foreign transactions cost a flat 3% of the transaction amount. Balance transfers cost $5 or 5%, whichever is greater. And cash advances cost $10 or 5%, whichever is greater.
Credit Journey: Log into your Chase Freedom® Card account and get unlimited access to your credit score and more. It’s free, even if you are not a Chase customer. Checking your score does not affect your credit.
Zero Liability Protection: See something off with your account balance? Zero Liability Protection means you won’t be held responsible for unauthorized charges made with your card or account information.
Purchase Protection: Get covered for your new purchases for 120 days against damage or theft up to $500 per claim and $50,000 per account. Plus, with Extended Warranty Protection, your U.S. manufacturer’s warranty is extended by an additional year on eligible warranties of three years or less.
If you’re looking to earn cash back on all your purchases and be able to receive an admirable 5% cash back in certain categories with no annual fee, then the Chase Freedom Card may be the card fit for you. It is best stacked with another credit card that earns a flat, but higher cash back rate to use once you’ve capped the current 5% quarterly category or if you’re not interested in earning just 1% cash back on all other purchases. A great one would be the Chase Freedom Unlimited® Card, offering unlimited 1.5% cash back on all your purchases.
However, if you dislike the hassle of having to track your bonus categories and rewards calendar on a daily basis, then the Chase Freedom® Card is not recommended for you. Please provide feedback in the comment section below by telling us your thoughts and experience with this card. Additionally, visit BankDealGuy for more credit card bonuses and see our list of the best Chase credit cards! In addition, if your’re interested in banking with Chase, check out our full list of Chase bank deals.
Learn more about the Chase Freedom card here.