Update: This article contains mentions of Chase Freedom® and Ink Business Preferred® Credit Card whose terms have expired and are in the process of being updated. All other offers reflect accurate offer terms. Learn more about the current offers here.
The Q2 2020 Chase Freedom bonus categories have just been revealed…
Why I Love The Chase Freedom Card
The Chase Freedom® Card (review) is one of my favorite no annual fee credit cards, as it offers 5x points in rotating quarterly categories, for up to $1,500 of spending per quarter. Most people use this as a cashback card, meaning the 5x points really translates into 5% cashback in these categories.
The best part is that in conjunction with the Chase Sapphire Preferred® Card (review), Chase Sapphire Reserve® Card (review), or Ink Business Preferred® Credit Card (review), points earned on this card can be converted into Ultimate Rewards points, and be transferred to the Ultimate Rewards airline and hotel partners.
Since I value one Ultimate Rewards point at significantly more than one cent, that’s my preferred use of those points.
Revealed: Chase Freedom Q2 2020 Bonus Categories
Chase has just revealed the details of the second quarter 2020 bonus categories. Second quarter 2020 registration will open on Sunday, March 15, 2020, and it will be valid for purchases between April 1 and June 30, 2020.
In Q2 2020, the Chase Freedom will offer 5x points on the first $1,500 spent at grocery stores, and on gym memberships and fitness clubs.
The grocery store category is a cardmember favorite, while the gym membership and fitness club category is the first time we’ve seen bonus points on that.
My Take On Chase Freedom Q2 2020 Bonuses
While the current (Q1 2020) bonus categories are not great for me, I’m a fan of the Q2 2020 bonus categories:
- Grocery stores is a pretty easy category to maximize, and at 5x points is the best return you’ll get on grocery store spending
- I think the fitness focus is pretty cool as well
Personally I quite like the upcoming categories…
Reminder: Last Chance To Register For Q1 2020 Bonus
This is a reminder that registration closes for the Chase Freedom Q1 2020 bonus categories on Saturday, March 14, so you have just one day left to register.
For those who register, the card is offering 5x points on the first $1,500 spent on gas stations, select streaming services, and internet, cable, and phone services, through March 31, 2020.
How To Register Your Chase Freedom Card
Registration is easy — just go to the registration page and enter your last name, billing zip code, and the last four digits on your card, and you’ll be registered.
How To Make Chase Freedom Point Even More Valuable
To recap, you earn points on the Chase Freedom, and each point can be redeemed for one cent cashback.
However, if you have this card in addition to one of the cards that accrue Ultimate Rewards points, you can transfer these points to Ultimate Rewards. Cards that accrue Ultimate Rewards Cards include the:
So 5% cashback converts into 5x Ultimate Rewards points per dollar with one of the above cards.
Chase Freedom Bonus Summary
The Chase Freedom is one of the best no annual fee cards out there, and I do everything I can to max out the 5x points category every quarter.
While the Q1 2020 bonus categories didn’t interest me much, I like the Q2 2020 bonus categories — grocery stores is always a popular category, and it’s cool to see them introduce a new bonus in the gym category.
What do you make of the second quarter 2020 Chase Freedom bonus categories?
I wonder if purchasing a Peloton would earn 5x back?
Grocery stores are good, the only Freedom category I ever max out. Freedom will replace AMEX Gold as my grocery store card for the next quarter.
Think grocery stores will be the only thing I spend money on the next few months. So best case scenario for everyone.
In light of Covid-19 concerns, I wonder how many people are going to freeze their gym memberships besides me?
@Hadley – I froze my gym membership until end of April, so I am already losing out on the first month of rewards.
Groceries is a good category, but only if we can find groceries to buy 🙂
Instead of using Amex Gold for dining and grocery, I will use CSR+Freedom Unlimited for those two categories in 2Q20. Should net a nice haul of points.
For all of the complaints about the CSR change recently, the Freedom and Freedom Unlimited cards make it kind of essential to have either a CSR or CSP. That, and Lyft, can make the card worth it for many.
Chase missed an opportunity to help save restaurant industry in the US, which is hurting badly now. They could even advertise the move as “we are here to help you in time of crisis…” and get some praise. But no. I’m personally fine with groceries, but I really don’t want restaurants to go out of business.
Grocery stores category is fine but what good is gym/fitness good for?! Most people only pay maybe about $20-$30 a month on gym membership fees. So that times 3 months will max out at only about $150 total spend/points earned. Ridiculous category.
I also agree with IK, this would have been a good chance to help restaurants this quarter by adding restaurants for the Freedom card. Or maybe even retail stores.
Groceries . . . awesome. Always max that one out.