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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.
Between April 1 and June 30, 2020, the Chase Freedom is offering 5x points on the first $1,500 spent on grocery stores, select streaming services, and fitness club & gym memberships.
Note that while registration closed for that category yesterday, if you are registered you'll continue earning 5x points through June 30, 2020, up to the $1,500 cap.
Today registration has opened for the third quarter 2020 bonus categories, and it will remain open through September 14, 2020. The Chase Freedom will offer 5x points on the first $1,500 spent with Amazon and Whole Foods, between July 1 and September 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 (though they're pretty straightforward this time around):
Eligible Amazon purchases include the following:
Purchases made at Amazon.com including digital downloads, Amazon.com Gift Cards, Amazon.com Fresh orders, Amazon.com Prime subscriptions, and items sold by third party merchants through Amazon.com's marketplace.
Eligible Whole Foods purchases include the following:
Purchases made at Whole Foods Market including physical Whole Foods Market store locations, 365 stores, and the website accessible at wholefoodsmarket.com
Meanwhile ineligible Whole Foods purchases include the following:
Purchases made at international Whole Foods Market sites
Purchases of Whole Foods Market or Whole Foods Market 365 products or services through third-party sites such as Eventbrite, Instacart, Google Express and Shipt
Online purchases of event tickets, classes or gift cards redeemable at Whole Foods Market or Whole Foods Market 365 (including through buyatab.com)
Purchases from certain third-party vendors operating at Whole Foods Market sites
Purchases of massage chair services made at Whole Foods Market sites
Purchases from [email protected]
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 do everything I can to max out the 5x points category every quarter.
You can now register to earn 5x points for the third quarter with Amazon and Whole Foods. However, you won't start earning 5x points until July 1, 2020.
In the meantime, assuming you've registered, you can continue to earn 5x points with grocery stores, select streaming services, and fitness club & gym memberships, through June 30, 2020.
Have you maxed out the second quarter 2020 Chase Freedom bonus category? What do you make of the third quarter 2020 bonus category?
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