There are three Chase Freedom bonus offers: $150 for spending $500 in the first 3 months, 5% cash back in specific quarterly spending categories, and a $100 referral bonus.
The bonus categories eligible for 5% cash back change every quarter. Cardholders must activate new categories in order to be eligible for the quarterly bonuses. To do so, visit the Chase Freedom activation page and click the “Activate your 5%” button. Some examples of previous categories include department stores, wholesale clubs, gas stations, drugstores and grocery stores.
The referral bonus rewards you for every friend referred who applies for the Freedom card and is approved. You’ll earn $100 (10,000 points) per referral, up to $500 (50,000 points) per year. To get started, go to the Chase Freedom “Refer a Friend” page and enter your last name, zip code and last 4 digits of your card number.
The Chase Freedom $150 initial bonus will post to your account around 6-8 weeks after you qualify. Any 5% cash back rewards earned will show up in your account on the same statement as your qualifying purchases, in most cases. Rewards for purchases made 1-2 weeks before the statement closing date may appear on the following month’s statement.
Chase Freedom also used to have an authorized user bonus. It offered $25 (2,500 points) for adding an authorized user in the first 3 months your account was open, as long as you also made a purchase in the first 3 months. That bonus is no longer available.
By the way, it’s also worth noting that while the Chase Freedom bonus rewards are advertised as cash back, they’re actually points that you can trade for cash back or travel at a rate of 1 cent per point.