The Chase Freedom® 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 we value one Ultimate Rewards point at significantly more than one cent, that’s my preferred use of those points.
Last day: earn 5x points with gas stations, Lyft, and Walgreens
Through today, September 30, 2018, you can earn 5x points on the first $1,500 of combined purchases for gas stations, Lyft, and Walgreens.
If you haven’t yet registered, you’re unfortunately out of luck (though make sure you register for 4th quarter!).
While I easily maximized the first and second quarter bonus categories, this quarter is tougher for me. I have been home most of the summer and thus haven’t needed a rideshare option, and we put ~5,000 miles on our car in a year, so we don’t spend that much on gas.
So thus far I’ve spent a whopping $75 on the card this quarter (filling my tank once in July and once in August).
Still, I’ll be heading out today to pick up some things from Walgreens (and getting a flu shot!), and will probably grab some gift cards to our local gas station as well. The one I like to go to has a car wash attached — which I realize isn’t a big deal for most people, but is slightly novel in Spokane — and once winter sets in we do spend quite a bit washing road salts off the car each week.
And I’ll probably get a few Lyft gift cards too, as I do have several long rides to/from airports coming up in the next few months.
I won’t get anywhere near $1500 in spending on my Chase Freedom® this quarter, but I also didn’t really expect to, so that’s fine.
How to make Chase Freedom points even 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.
The Chase Freedom® is one of the best no annual fee cards out there, and I usually 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), though this quarter is tougher for me, given that I don’t typically spend $1500 in these categories in a year, much less a quarter.
But, there’s still time, so I’ll make a little bit of extra effort today and see how it goes.
Will you be maxing out the third quarter bonus category?