Chase Freedom does not give 5% cash back at Walmart right now. The last time Freedom included Walmart as a quarterly bonus category was October through December 2017. During that quarter, card holders could earn 5% cash back on up to $1,500 spent at Walmart and 31 participating department stores. Purchases over $1,500 earned 1% cash back. So did purchases outside of the bonus categories.
The Freedom card offers 5% cash back in different categories every quarter. Examples of past categories include gas, drugstores, restaurants and more. Freedom last offered the department store bonus category from October to December 2018. But Walmart and other discount super stores such as Target and Kmart were not eligible.
Chase Freedom has two bonus categories for Q2 2019 (April 1 – June 30). They are grocery stores (not including Walmart and Target) and home improvement stores. There’s still a $1,500 spending cap. You must activate the bonus categories by June 14, 2019 in order to receive the 5% cash back. You can see the 2019 cash back calendar online.
Chase Freedom works at Costco because it is on the Visa network. Costco only accepts Visa cards at its stores. Costco previously accepted only American Express cards until 2016, when it made the switch to Visa.
The Chase Freedom card offers at least 1% cash back on all purchases, up to 5% back on $1,500 spent in special bonus categories each quarter. The Q4 2018 bonus categories included wholesale clubs, such as Costco. Chase Freedom’s 5% Costco rewards rate is not guaranteed to return because the card’s bonus categories are not the same year to year. Keep that in mind if you’re comparing new cards to apply for.… read full answer
On that note, an even better credit card than Chase Freedom for Costco purchases is the Costco Anywhere Visa, the store’s own co-branded card. Issued by Citi, the Anywhere Visa offers 2% cash back at Costco, 3% back on dining and travel, and up to 4% back on gas. Plus, its annual fee is $0.
The Chase Freedom Flex℠ 5% bonus categories are Wholesale clubs, internet, cable & phone services, and select streaming services from January through March 2021. The Chase Freedom Flex℠ calendar for 5% cash back categories in 2022 has not been released yet.
Just bear in mind that the bonus categories on Chase Freedom Flex℠’s calendar don’t always repeat year over year. It’s also important to note that any purchases in these categories above the $1,500 limit will give 1% cash back. The same 1% rate goes for all purchases outside of the Chase Freedom Flex℠ bonus categories.… read full answer
In order to earn 5% cash back in the Chase Freedom Flex℠ bonus categories each quarter, you will need to “activate” the category. The deadline to activate is typically halfway through the final month of the quarter. Luckily, as long as you activate before the deadline, all purchases in the bonus categories during the quarter will get 5% cash back, even if you made them before you activated. You can activate through your online account, through the Ultimate Rewards website, by visiting a Chase branch, by calling the number on the back of your card or at an ATM.
It’s important to note that the Chase Freedom Card is no longer available to new cardholders, having been replaced by the Chase Freedom Flex℠. However, existing Freedom cardholders can continue using their cards, and both Freedom and Chase Freedom Flex℠ have the same bonus categories.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.