The Chase Freedom® Card 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 spend 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, Chase Sapphire Reserve® Card, or Ink Business Preferred℠ Credit Card, 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.
Starts today: 5x points at gas stations & streaming services
Until yesterday (June 30, 2019), the card offered 5x points on the first $1,500 of combined purchases at grocery stores and home improvement stores. Now there’s a new bonus category.
If you haven’t yet registered, you can do so through September 14, 2019 – just go to the registration page and enter your last name, billing zip code, and the last four digits on your card number, and you’ll be registered.
Personally I’m not a huge fan of the bonuses this quarter, though in fairness these are highly subjective:
- I spend almost nothing at gas stations, so that has limited value to me
- While I spend some money with streaming services, we’re talking under $50 per month, so that’s not going to help me maximize this bonus
You can see a list of eligible merchants here. Streaming services include Apple Music, Fubo TV, Hulu, Netflix, Pandora, SiriusXM, Sling, Spotify, and Vudu.
How to make Chase Freedom points even more valuable
Just to recap, you earn points on the Chase Freedom® Card, and each point can be redeemed for one cent cashback.
However, if you have this card in addition to one of the cards that accrues 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.
The Chase Freedom® Card 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.
It’s now a new quarter, which means that it’s time to reconsider which purchases you’re using your card for. If you haven’t yet registered for this quarter’s bonus category, be sure you do so, so you can start earning 5x points at gas stations and streaming services, should that be of use to you.
What do you make of the third quarter 2019 Chase Freedom bonus categories?