The Chase Freedom FlexSM Credit Card (review) is an incredible no annual fee card belonging to Chase’s Freedom portfolio, which can help you maximize your points thanks to its quarterly bonus categories.
It’s a new quarter, and that also means that the third quarter bonus categories on the Chase Freedom products are live. This is worth being aware of so you can adjust your spending accordingly. Note that these same bonus categories are also valid for the Chase Freedom Card, which is no longer open to new applicants.
Why I love the Chase Freedom Flex
The Chase Freedom Flex Card is easily one of the best no annual fee cards out there, 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 card has other bonus categories as well, as it offers 3x points (or 3% cash back) at drugstores and on dining.
The best part is that 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, or can be redeemed at a favorable rate through the Chase Travel Portal.
Since I value one Ultimate Rewards point at significantly more than one cent, that’s my preferred use of those points.
Chase Freedom Flex Q3 2022 bonus categories
For the third quarter of 2022, the Freedom Flex Card is offering 5x points on the first $1,500 spent with gas stations, car rental agencies, movie theaters, and select live entertainment. As far as key dates go:
- You need to register between June 15 and September 14, 2022
- If you register, you’ll earn 5x points between July 1 and September 30, 2022
How to register your Chase Freedom Flex
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.
What’s included with Chase Freedom Flex Q3 2022 bonus categories?
There’s often some confusion about what purchases qualify with the bonus categories, so let me recap Chase’s definitions.
Here’s whats included with the gas station bonus category:
Merchants in the gas stations category sell automotive gasoline that can be paid for either at the pump or inside the station and may or may not sell other goods or services at their location. Merchants that do not specialize in selling automotive gasoline are not included in this category; for example, truck stops, boat marinas, oil and propane distributors, and home heating companies.
Here’s what’s included in the car rental agencies bonus category:
Merchants in the car rental agencies category rent vehicles for the purpose of driver and passenger transportation. Car rentals not booked directly with the car rental agency will not qualify; for example, car rentals purchased through travel agencies, discount travel sites, vacation clubs, tour operators, or as part of a package offered by merchants such as cruise lines and railways. Merchants that provide RV rentals or vehicle rentals for the purpose of hauling are not included in this category. Qualifying car rental agency purchases made through Chase Ultimate Rewards® will only earn a total of 5%.
Here’s what’s included in the movie theaters bonus category:
Merchants in the movie theaters category show motion pictures to an audience, including at drive-in theaters. Theaters that provide live entertainment and merchants that sell and rent movies or provide movie subscription or streaming services are not included in this category. Purchases other than your tickets will not be included in the category unless they classify as a movie theater; for example, in theatre dining, food and beverage, or merchandise purchases.
Here’s what’s included with the select live entertainment bonus category:
Merchants in the Select Live Entertainment category sell tickets for in-person entertainment such as major sporting events, zoos and aquariums, concerts, theatrical productions, museums, tourist attractions and exhibits, amusement parks, circuses, carnivals, bands, and entertainers. Ticket agencies selling on behalf of the entertainment venue are included. Some merchants that sell tickets for in-person entertainment are not included in this category; for example, movie theaters, bowling alleys, horse racing tracks, casinos, and dance hall/clubs. Purchasing from a hotel/concierge is not included nor excursions or purchases as part of a travel package.
My take on Chase Freedom Flex Q3 2022 bonus categories
Everyone has different spending patterns, though I can’t say I’m terribly excited about the Q3 2022 bonus categories:
- Gas is a legitimate expense for many, so it’s great to be able to earn 5x points on that
- I wouldn’t put a rental car purchase on the Chase Freedom, since I’d want to use a card offering primary rental car coverage
- Both the movie theater and select live entertainment bonus categories are pretty niche, and personally don’t have much appeal for me
Of course we’re not all going to love all these bonus categories equally, but for me Q3 will be a tough one to maximize.
How to make Chase Freedom Flex points more valuable
To recap, you earn points on the Chase Freedom Flex, 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 Flex is one of the best no annual fee cards out there, thanks largely to the ability to earn 5x points in rotating quarterly categories. Now that it’s the third quarter, you can start earning 5x points on the first $1,500 spent with gas stations, car rental agencies, movie theaters, and select live entertainment. This is a great opportunity for maximizing your spending.
What do you make of the third quarter 2022 Chase Freedom Flex bonus categories?