The Chase Freedom is one of the best cashback credit cards out there. The reason is that the card offers relevant bonus categories every quarter and has no annual fee.
What’s unique about the Chase Freedom Credit Card is that its bonus categories rotate every quarter. In Q1 2020, the bonus categories were gas stations, internet, cable, phone services, and select streaming services. In Q2 2020, the bonus categories were grocery stores, fitness clubs, gym memberships, and select streaming services.
Chase Freedom Credit Card Details
There are three primary reasons to apply for the Chase Freedom Credit Card. First, the card offers a $200 cashback welcome offer. Two, as previously mentioned the card has no annual fee. Three, cardmembers earn 5% cashback every quarter in rotating bonus categories.
Cardmembers earn $200 cash back after spending $500 on purchases in the first three months of account opening. With respect to the rotating bonus categories, you earn 5% cashback up to $1,500 per quarter. In short, more details on Chase Freedom Credit Card can be found in this post, this post, and this post.
Chase Freedom Credit Card Amazon
Today is the first day you start earning 5% cash back on Amazon.com purchases. These purchases include digital downloads, Amazon.com gift cards, Amazon.com Fresh orders, Amazon.com Prime memberships, and items sold by third parties on Amazon.com.
As far as excluded purchases, Chase’s terms and conditions state purchases using Amazon Pay, purchases at international Amazon retail sites, and any other sites operated by Amazon. You can learn more details about the Amazon.com bonus category from Chase Freedom 5% bonus categories for Q3 and Chase Freedom Q3 Bonus Categories Have Been Announced.
Chase Freedom Credit Card Whole Foods
Not only do you earn 5% cash back at Amazon.com, but you also earn 5% on purchases at Whole Foods. In addition, this includes purchases at 365 stores and at wholefoodsmarket.com
Chase specifically states the following purchases do not earn 5% 1) purchases at international Whole Foods stores, 2) purchases of Whole Foods store items through third-parties such as Eventbrite, Instacart, Google Express, and Shipt, 3) online purchases of event tickets or gift cards redeemable at Whole Foods stores (including through buyatab.com), 4) purchases from third-party vendors operating at Whole Foods stores, 5) purchases at Spa@Ink.
To learn more about the Whole Foods bonus, see 5x at Amazon and Whole Foods and 5x Points With Whole Foods.
How to Convert Cash Back into Points
A unique aspect of the Chase Ultimate Rewards program is the ability to convert Chase cash back into Chase points. Cards like the Chase Freedom earn cash back. In contrast, cards like the Chase Sapphire Reserve earn Ultimate Rewards points.
By holding the Sapphire Reserve, Sapphire Preferred, or Ink Business Preferred, you can convert cash back into Ultimate Rewards points. In short, these points allow you to book hotel stays with Hyatt and award flights with programs like Singapore Airlines KrisFlyer.
Conclusion on Chase Freedom Credit Card Q3 Bonus Categories
Chase is clearly incentivizing its cardmembers to shift their spending to merchants that align with non-travel consumer habits. Above all, as the coronavirus continues to restrict travel, this is a prudent move by Chase. This move makes the Chase Freedom one of the first cards to use in Q3 2020.
Do you have the Chase Freedom? How do you recommend maximizing your spend in the bonus categories? Please let me know in the comments below or by sending me an email on my contact page.
Disclaimer: If you click and/or sign up for a credit card through certain links on this site or any of my related social media platforms, I may make a commission from that click-through. The editorial content on this page and the user comments are not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are mine alone.
