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 Q4 2019
Between October 1 and December 31, 2019, the Chase Freedom is offering 5x points on the first $1,500 spent with Chase Pay, PayPal, and department stores.
Note that while registration closed for that category yesterday, if you are registered you’ll continue earning 5x points through December 31, 2019, up to the $1,500 cap.
Register Now: Chase Freedom 5x Points For Q1 2020
Today registration has opened for the first quarter 2020 bonus categories. The Chase Freedom will offer 5x points on the first $1,500 spent with gas stations, select streaming services, and internet, cable, and phone services, between January 1 and March 31, 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 Gas Stations
Virtually all standalone gas stations will qualify for the Chase Freedom bonus category, including 7 ELEVEN, BP, CITGO, etc.
Exclusions include things like convenience stores where gas is not sold, oil and propane distributors, car repair shops, truck stops, warehouse stores, airline fuel companies, and more.
Eligible Streaming Services
For the Chase Freedom, eligible streaming services include Apple Music, ESPN+, Fubo TV, Hulu, Netflix, Pandora, SiriusXM, Sling, Spotify, Vudu, and YouTube.
Eligible Internet, Cable, And Phone Services
Virtually all major internet, cable, and phone services purchases qualify for the Chase Freedom bonus category, including purchases with AT&T, Comcast, T-Mobile, etc.
Eligible purchases exclude equipment purchases, as well as payments made for services in the merchant’s store that may not be classified by the merchant in the qualifying service category. For example, phone payments made in store may be classified as a telephone equipment purchase.
My Take On The First Quarter 2020 Bonus Categories
The fourth quarter 2019 bonus categories was great, as PayPal purchases qualify, and all kinds of merchants let you pay through PayPal.
Unfortunately the first quarter 2020 categories have little appeal to me:
- I spend almost nothing at gas stations
- My spending in the streaming services category is the tens of dollars per month, so the upside here is fairly limited
- I already earn 5x points on internet, cable, and phone services, with the Ink Business Cash℠ Credit Card (review)
So personally I’m not terribly excited about the 5x points categories next quarter.
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 first quarter for gas stations, select streaming services, and internet, cable, and phone services. However, you won’t start earning 5x points until January 1, 2020.
In the meantime, assuming you’ve registered, you can continue to earn 5x points with Chase Pay, PayPal, and department stores, through December 31, 2019.
Have you maxed out the fourth quarter 2019 Chase Freedom bonus category? What do you make of the first quarter 2020 bonus category?