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 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, 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.
Last Chance: Chase Freedom 5x Points For Q1 2020
Between January 1 and March 31, 2020, the Chase Freedom is offering 5x points on the first $1,500 spent at gas stations, select streaming services, and internet, cable, and phone services.
Note that while registration closed for that category yesterday, if you are registered you’ll continue earning 5x points through March 31, 2020, up to the $1,500 cap.
Register Now: Chase Freedom 5x Points For Q2 2020
Today registration has opened for the second quarter 2020 bonus categories, and it will remain open through June 14, 2020. The Chase Freedom will offer 5x points on the first $1,500 spent at grocery stores, and on gym memberships and fitness clubs, between April 1 and June 30, 2020.
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.
Here’s a bit on the inclusions and exclusions for each of the categories:
Eligible Grocery Stores
Virtually all standalone grocery stores are eligible for the Chase Freedom bonus category, including Aldi, Publix, and many more. For those of us who use grocery store delivery services, it’s also worth noting that Instacart is included in this category.
Exclusions include Walmart, Target, larger stores that sell a variety of things such as warehouse stores, purchases made at gas stations, and most delivery services.
Eligible Fitness Clubs & Gym Memberships
For the Chase Freedom, eligible fitness clubs and gym memberships include most standalone gyms and fitness classes, from Crunch Fitness to Soulcycle.
Excluded merchants include those specializing in offering personalized or therapeutic services, as well as situations where gyms are part of a hotel or other lodging.
Peloton isn’t mentioned one way or another in the terms…
My Take On The Second Quarter 2020 Bonus Categories
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, though with the current situation, the gym category doesn’t seem particularly useful
How To Make Chase Freedom Points More Valuable
Just 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 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.
Chase Freedom 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.
You can now register to earn 5x points for the second quarter for grocery stores, fitness clubs, and gym memberships. However, you won’t start earning 5x points until April 1, 2020.
In the meantime, assuming you’ve registered, you can continue to earn 5x points with gas stations, select streaming services, and internet, cable, and phone services, through March 31, 2020.
Have you maxed out the first quarter 2020 Chase Freedom bonus category? What do you make of the second quarter 2020 bonus category?