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. Get an 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!
Chase Bank offers great bonuses with their Checking/Savings accounts also!
Table of Contents
- 1 Chase Freedom Card Summary
- 2 $150 Chase Freedom Bonus Offer
- 3 Earning Cash Back
- 4 Redeeming Cash Back
- 5 5% Chase Freedom Categories for 2018 & 2019
- 6 Tip: Additional UR Bonus Points With Sapphire℠ Checking
- 7 Maximizing Rewards Potential with the Chase Freedom Card
- 8 Ultimate Rewards Airline/Hotel 1:1 Point Transfer Partners
- 9 Chase Freedom Cardholder Benefits
- 10 Author’s Verdict
- 11 Alternative Credit Card Options
Chase Freedom Card Summary
The Chase Freedom® Card offers a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
You'll earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate and an unlimited 1% cash back on all other purchases. You cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
This card has no annual fee and you'll get a free credit score that's updated weekly with Credit JourneySM.
$150 Chase Freedom Bonus Offer
Concerning the bonus offer, spending $500 or more within 3 months should be straightforward. However, if you encounter any issues, here are some tips to help you acquire this offer:
• Plastiq - Using Plastiq allows you to pay for your personal expenses such as rent, tuition, mortgage, auto lease etc. Although they charge a 2.5% processing fee for using your credit card, this will contribute to the card bonus that you will receive. There is also a referral program that allows you to earn "Free-Free Dollars" that goes towards processing fees as well.
• Funding Checking Accounts - When it comes to funding a checking account, opening your initial deposit with a credit card is the usual way to go about it. However, if you want to have more opportunities, you should open a checking account that offers a sign-up bonus. This allows you to work towards bonuses from not one but two different sources instead. Banks like Chase, Huntington Bank, TD Bank and BBVA offers credit card funding, and for your opening deposit, you can often fund anywhere from $50-$1000 with a credit card, depending on what bank offers it.
• Gift Card Purchases With Using a Credit Card - Another way to acquire the bonus is using your credit card to purchase gift cards. Buying a a gift card or an individual merchant card typically do not require a purchase fee and are used towards leisure, so gift cards are ideal. However, gift cards such as a Visa or American Express do incur purchase fees because they can be spent anywhere, but gift cards that are specifically for a certain online shopping site such as Amazon or eBay don't.
As for a Citi Credit Card, you should call customer service and ask them to lower your Cash Advance limit to $0 before making any purchases because Citi tends to read gift card purchases as a Cash Advance.
Ideally, you should do this with any card just to be safe. Lastly, there is such thing as a discounted gift card which can be purchased on Raise or eBay. If you use a credit card often for everyday purchases, it can build your credit score that will contribute towards paying for things such as bills and taxes.
Earning Cash Back
The Chase Freedom offers 5% cash back on up to $1,500 in total purchases in certain quarterly rotating spending categories. This means, you can get $75 in total cash back rewards per quarter. Categories vary each quarter and year, so check the Chase Freedom Card cashback calendar to keep up with what’s being offered.
You must manually activate your 5% cash back spending categories before the 15th of the last month of the applicable quarter. Once you activate, your cash back earnings are retroactive throughout the quarter.
After hitting 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.
Redeeming Cash Back
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. There’s also no minimum to redeem for cash back. For more information, see how much your cash back is worth here.
5% Chase Freedom Categories for 2018 & 2019
The categories change every year but typically follow a trend. View our current Chase Freedom® calendar here.
|Chase Freedom Quarters||Categories|
|Q1 2018 (Jan. 1 to March 31)||Gas Stations, Internet/Cable/Phone Services, Chase Pay, Android Pay, Apple Pay, Samsung Pay|
|Q2 2018 (April 1 to June 30)||Grocery stores (not including Walmart and Target purchases), Paypal, Chase Pay|
|Q3 2018 (July 1 to Sept. 30)||Gas Stations, Lyft, Walgreens|
|Q4 2018 (Oct. 1 to Dec. 31)||Department stores, Wholesale clubs, Chase Pay|
|Q1 2019 (Jan. 1 to March 31)||Gas Stations, Tolls, Drugstores|
|Q2 2019 (April 1 to June 30)||Grocery stores (not including Walmart and Target purchases), Home improvement stores|
|Q3 2019 (July 1 to Sept. 30)||Coming soon|
|Q4 2019 (Oct. 1 to Dec. 31)||Coming soon|
Tip: Additional UR Bonus Points With Sapphire℠ Checking
The Chase Sapphire℠ Checking account lets you combine Ultimate Rewards points from all Chase products and you can also earn an additional 60,000 bonus points.
Maximizing Rewards Potential with the Chase Freedom Card
If you want to take the effort to earn rewards, then The Chase Freedom card allows users to maximize their rewards potential. There is no annual fee and it is only used on the 5% quarterly categories. You can also enhance it with a higher flat-relate rewards card.
The most effective way to maximize your rewards potential is of course pairing it with other Chase cards. The Chase Sapphire Preferred Card or Chase Sapphire Reserve (consumer) or Chase Ink Business Preferred Credit Card (business) are the most recommended ones.
You can also redeem your best card at the highest rate with all of your Ultimate Rewards points that you’ve earned.
- Points for travel are worth 25% more through Chase Ultimate Rewards with the Chase Sapphire Preferred and Chase Ink Business Preferred cards
- Points for travel are worth 50% more through the Chase Sapphire Reserve card
- The Ultimate Rewards points earned through the Sapphire Preferred, Ink Business and Sapphire Reserve cards can also be transferred to hotel or airline partners at a 1:1 ratio.
- Only these 3 Chase cards offer these benefits, the Chase Freedom card itself does not
Depending on where you book your reservations and accommodations, it is better to compare a traveling book with Chase’s partners rather than the Ultimate Rewards portal. By utilizing these cards, it can increase your rewards benefits much more.
Ultimate Rewards Airline/Hotel 1:1 Point Transfer Partners
|Airline Transfer Partners||Hotel Transfer Partners|
|Aer Lingus AerClub||IHG Rewards Club|
|British Airways Executive Club||Marriott Bonvoy (Previously Marriott Rewards)|
|Flying Blue AIR FRANCE KLM||The Ritz-Carlton Rewards|
|Iberia Plus||World of Hyatt|
|Singapore Airlines KrisFlyer|
|Southwest Airlines Rapid Rewards|
|Virgin Atlantic Flying Club|
Chase Freedom Cardholder Benefits
- Zero Liability Protection: See something off with your account balance? You’re not 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.
- Extended Warranty Protection: Your U.S. manufacturer’s warranty is extended by an additional year on eligible warranties of three years or less.
- Complimentary Rental Car Insurance: When you decline the rental company’s insurance option and charge the entire rental to your Chase Freedom, you’re automatically covered for theft and collision expenses in the U.S. and most international markets (secondary to your own personal auto insurance).
- Free Credit Score: Get a free credit score that’s updated weekly with Chase Credit Journey.
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’s best stacked with another card earning a higher cash back rate to use once you’ve capped the 5% quarterly category. Or, use it with another card that earns more than 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 tracking your bonus categories and rewards calendar, we don’t recommend the Chase Freedom. 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.
Alternative Credit Card Options
The Chase Freedom card can be paired with other Chase cards. When paired with these, the benefits will increase.
Ultimate Rewards Cards To Pair With Chase Freedom
The Chase Sapphire Preferred® Card offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®!
You'll earn 2X points on travel and dining at restaurants worldwide; 1 point per dollar spent on all other purchases. And when you redeem your points for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards, you'll get 25% more value!
Learn More About This Card
The Chase Sapphire Reserve® offers 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®.
You'll earn 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. When redeeming your points for travel through Chase Ultimate Rewards, you'll get 50% more value.
This card does carry a $450 annual fee and there are no foreign transaction fees. However, you're able to earn a $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year & up to $100 application fee credit for Global Entry or TSA Pre✓®.
The Chase Ink Business PreferredSM Card offers 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
You'll earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year; 1 point per $1 on all other purchases - with no limit to the amount you can earn. Furthermore, points are worth 25% more when you redeem for travel through Chase Ultimate Rewards.
This card does come with a $95 annual fee but does not have any foreign transaction fees.
The Capital One® Quicksilver® Cash Rewards Card offers a one-time $150 cash bonus after spending $500 on purchases within 3 months from account opening.
You'll be able to earn an unlimited 1.5% cash back on every purchase, every day with no rotating categories or sign-ups needed to earn cash rewards.
This card comes with no annual fee and no foreign transaction fees which makes this card a viable option for your go-to everyday card.
• Chase Bank Bonuses. Chase usually offers the most sign-up bonuses out of all the big banks. Read up and enjoy several promotions for their Checking, Savings and Business accounts.
• HSBC Bank Bonuses. HSBC has some big value offers available for their Checking accounts. Some require hefty deposits to qualify. They also have an online Savings account offering a very competitive rate.
• Huntington Bank Bonuses. Huntington has Consumer Checking and Business Checking accounts available throughout the year.
• Discover Bank Bonuses. As an online bank, Discover offers high and competitive rates on their Savings, CD, and Money Market accounts. Enjoy excellent customer service nationwide.
• TD Bank Bonuses. TD Bank consistently offers great Checking account bonuses all year long. Savings account offers are less frequently available.
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