Between April 1 and June 30, 2016, you will earn 5x points on select categories with your Chase Freedom credit card. Remember though, you MUST activate your Q2 bonus to actually receive the points (must activate by June 14, 2016)! This quarter is quite good where you’ll earn 5x points on groceries and at wholesale clubs. And remember, you can typically purchase gift card for other merchants at grocery stores if you are shy of the maximum threshold and want to maximize your points earned.
For every quarter that you spend the maximum of $1,500, you’ll receive 7,500 points. After the maximum spend, you’ll earn 1x point on all purchases. You can either redeem those Chase points for $75 cash back, or if you have a premier Chase Ultimate Rewards credit card (Chase Ink Bold, Chase Ink Plus, Chase Sapphire Preferred) transfer the points to one of those accounts and then either use them at the Chase travel portal or transfer them to a partner loyalty program.
For those new to the Chase Freedom card, this is a great card for your typical spending categories, i.e., gas, groceries, dining, travel, etc. Earning 5x points during the active time frame is a huge bonus, especially since this card comes with no annual fee. Read this prior post on Maximizing your Chase Ultimate Reward points.
Key Links:
- Chase Freedom: 15,000 points after spending $500 in the first three months. This is worth $150 cash back or you can transfer the points to an account that can transfer points to partner loyalty programs. Earn 5x points on rotating quarterly categories (such as a gas, grocery, dining, travel, amazon, etc.) and 1x point on all other purchases. No annual fee. To apply for this card, click here and then select the “No Annual Fee Credit Card Offers” option.
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