Chase Freedom bonus categories are the types of purchases on which cardholders earn 5% cash back, up to $1,500 spent each quarter, instead of the regular 1% cash back rate. It is possible to earn as much as $300 in rewards per year by spending up to $6,000 in the Chase Freedom bonus categories. Spending that much on other types of purchases would get you just $60. The 5% cash back categories change each quarter.
Chase Freedom bonus categories can be purchases at specific retailers or a particular type of merchant. There can be more than one bonus category per quarter, too. The Chase Freedom bonus categories for April - June 2019 are grocery stores (excluding Walmart and Target) and home improvement stores. No further categories have been announced yet, but you can check Chase’s calendar for updates. In the first quarter of 2019, the Chase Freedom bonus categories were gas stations, tolls and drugstores.
The downside to Chase Freedom’s bonus categories is that you have to activate the new ones every quarter. The good news is it’s pretty easy to do. You can activate your Freedom card’s bonus categories online, by email, by phone or at any Chase Bank location. Plus, cardholders with Chase checking accounts can activate through an ATM. As long as you activate by the end of the quarter, you’ll get 5% back for all qualifying purchases retroactively.
The categories can have exclusions. For example, 5% back on gas station purchases doesn’t apply to places that don’t specialize in fueling cars, like a boat marina. Plus, earning rewards will depend on how a merchant is categorized, which isn’t under Chase’s control.
Well, right now it's gas stations, internet, cable, phone services and mobile wallet purchases up until March, but they haven't announced the other categories yet. The advantage of spending money in them is that you get 5% cash back.
Plenty of credit cards give bonus cash back rewards in certain purchase categories. Cardholders may receive extra value on gas, groceries, dining, entertainment, wholesale clubs and more. Other cards have bonus categories that change every quarter, giving you the chance to earn big on different types of purchases every few months. … read full answer
Lots of credit cards with cash back bonus rewards on purchases also offer an initial cash rewards bonus for spending a certain amount in the first few months. Plus, it’s good to remember that many credit cards without cash back bonus rates still give a solid cash back rate on all purchases.
This information is accurate as of March 2019. Terms apply.
There are tons of cash bonus credit cards that offer you money for meeting a spending requirement in the first few months. These cards are a good way to get a hefty rebate on your purchases at the start, especially if they also have no annual fee. But it’s important to remember that initial bonuses are just that – initial. You’ll want to choose a card that provides great everyday perks even after you earn the bonus.… read full answer
Today’s best cash bonus credit cards:
American Express Cash Magnet® Card
Blue Cash Preferred® Card from American Express
Capital One® Savor® Cash Rewards Credit Card
Chase Freedom Unlimited®
Capital One® Quicksilver® Cash Rewards Credit Card
Ink Business Cash℠ Credit Card
Some cash bonus credit cards offer the same cash back rate on all purchases. Other cards give even higher earning rates in certain bonus categories – for example, gas or groceries.
This information is accurate as of August 2019. Terms apply.
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