Chase Freedom Cards Offering Big Grocery Welcome Bonus

Chase Freedom Cards Offering Big Grocery Welcome Bonus

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In early July we saw excellent new welcome bonuses rolled out on the popular no annual fee Chase Freedom FlexSM Credit Card (review) and Chase Freedom Unlimited® (review). I wanted to post a reminder of this, because these are cards that are worth having long-term, and currently you can even pick them up with awesome bonuses.

Earn 20K points plus 5x points on groceries

Both the Chase Freedom Flex and Chase Freedom Unlimited are offering the same excellent two-part bonuses:

  • Earn 20,000 points (equivalent to $200 cash back) after spending $500 on purchases within the first three months
  • Earn 5x points (equivalent to 5% cash back) on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year

The first part of that bonus (20,000 points) is the standard offer, while the second part of the bonus (5x points) is what’s new, and that’s a really valuable offer. You could earn up to 60,000 points by spending $12,000 on groceries.

Chase’s typical application rules apply, including the 5/24 rule. Note that the Freedom Flex and Freedom Unlimited are considered separate products for the purposes of the bonus, so you could earn both of them. You’re eligible for the bonus on either card as long as you don’t currently have that exact card, and haven’t received a new cardmember bonus on that exact card in the past 24 months.

Redeem your Ultimate Rewards points for a stay on Calala Island

Why the Freedom Flex & Freedom Unlimited are awesome

In my opinion it makes sense to hold onto both of these no annual fee cards, as part of a larger Chase credit card strategy.

The Chase Freedom Unlimited is the best Chase credit card for everyday spending, as it offers:

  • 3x points (equivalent to 3% cash back) at drugstores
  • 3x points (equivalent to 3% cash back) at restaurants, including takeout and eligible delivery services
  • 1.5x points (equivalent to 1.5% cash back) on all other purchases
Earn 3x points at restaurants with the Chase Freedom Unlimited

The Chase Freedom Flex is a great way to maximize your rewards, as it offers:

  • 5x points (equivalent to 5% cash back) in rotating quarterly categories, on up to $1,500 of spending per quarter; this quarter the card is even offering 5x points at grocery stores, which could be staked with this welcome bonus
  • 3x points (equivalent to 3% cash back) at drugstores
  • 3x points (equivalent to 3% cash back) at restaurants, including takeout and eligible delivery services
  • 1x points (equivalent to 1% cash back) on all other purchases
Earn bonus points in rotating quarterly categories, including groceries

As you can, these cards can be used to earn cash back. However, there’s another way I prefer to use them. In conjunction with the Chase Sapphire Preferred® Card (review), Chase Sapphire Reserve® Card (review), or Ink Business Preferred® Credit Card (review), points earned on this card can be converted into Ultimate Rewards points, and be transferred to the Ultimate Rewards airline and hotel partners.

Freedom cards are part of the perfect Chase card strategy

I value Ultimate Rewards points at 1.7 cents each, which to me increases the value of these rewards by 70%.

Bottom line

The Chase Freedom Flex and Chase Freedom Unlimited are offering welcome bonuses of 20,000 points (or $200 cash back) upon completing minimum spending, plus 5x points (or 5% cash back) on groceries for the first year.

These are great offers, so if you’ve been considering one of these cards but have been holding off, I’d seriously consider applying. And if you haven’t considered one of these cards but are engaged in the Chase Ultimate Rewards ecosystem, then you’re missing out.

Anyone plan to pick up one of the Chase Freedom cards with this offer?

Conversations (11)
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  1. OPR

    "which could be stacked", not "staked"
    "As you know", not "as you can"

  2. Jack

    To people talking about overseas grocery spend, yes they work and yes it's still worth it. 5x spend with 3% fee is still 2x on grocery which is better than CSP. Plus I have the CSP and can do PYB at 1.25x. Well worth it if you wanted transferrable miles too.

  3. Greg

    If you downgrade from a CSR to Freedom flex, would you still get the 5X in groceries for 1 year?

  4. Gary Hohenstein

    Two questions about these cards
    1. Is there a foreign exchange fee ?
    2. Are overseas grocery stores included in the 5X grocery ?

    I spend about half of the year in Germany and spend mostly on groceries, restaurants and gasoline.

    1. OPR

      Both charge a 3% foreign transaction fee...

    2. Gary Hohenstein

      With a 3% foreign transaction fee it would not be worth it for me. I use my CapitalOne Savor card and get 3% back on groceries here in Germany with no foreign transaction fee.

    3. Pawel

      I live in Poland and It works here. I don’t have this card but other chase card like IHG , Sapphire and United do earn extra bonuses for the groceries.

  5. Rich

    Do we know how the 5x welcome bonus on groceries (up to $12,000) plays with the 5x bonus category for groceries (up to $1,500) for Q3? If both are active, which one does grocery spend count against? Hopefully not both!

    1. Runs Pretty Good for a Fat Guy

      I think the introductory 5x grocery bonus overlapped with the Q3 5x rotating category at Whole Foods last year. The spend counted against both limits, but returned 9x (1x normal + 4x intro grocery + 4x rotating category).

  6. Mark

    Given that groceries are the rotating category would you get 10X for new customers??

  7. Sel, D.

    Might not want to suggest Calala Island with what’s going on in Nicaragua. I was fortunate enough to snag a few nights early next year but I fear I’ll have to cancel.

Featured Comments Load all 11 comments Most helpful comments ( as chosen by the OMAAT community ).

The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.

OPR

"which could be stacked", not "staked" "As you know", not "as you can"

Gary Hohenstein

With a 3% foreign transaction fee it would not be worth it for me. I use my CapitalOne Savor card and get 3% back on groceries here in Germany with no foreign transaction fee.

Jack

To people talking about overseas grocery spend, yes they work and yes it's still worth it. 5x spend with 3% fee is still 2x on grocery which is better than CSP. Plus I have the CSP and can do PYB at 1.25x. Well worth it if you wanted transferrable miles too.

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