It’s the first day of a quarter, which means it’s potentially time to shuffle around one of the cards in your wallet.
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: earn 5x points with department stores, wholesale clubs, and Chase Pay
Until yesterday (September 30, 2018), the card offered 5x points for gas station, Lyft, and Walgreens purchases.
Between October 1 and December 31, 2018, you can earn 5x points on the first $1,500 of combined purchases for department stores, wholesale clubs, and Chase Pay.
If you haven’t yet registered, you can do so through December 14, 2018 – 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.
This is a bonus category that I imagine many people should have no trouble maximizing. Lots of people love the wholesale club category, the department store category is especially useful for holiday shopping, and Chase Pay is a great way to earn bonus points for purchases you’d make anyway.
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. I easily did so in the first and second quarter (thanks to their mobile payment bonus categories), while I didn’t do so in the third quarter.
While I don’t shop at wholesale clubs, I hope that between the department store and Chase Pay categories I’ll be able to earn 7,500 points with the card this quarter.
How do you plan on maxing out the fourth quarter bonus category?