Chase Freedom Sign-Up Bonus Increases to 20,000 + 2,500 Points!

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Chase is bringing their A-game in terms of increased sign-up bonuses recently!  The Ink Bold and Ink Plus 60,000 point offers are going back down after this weekend (they have now gone down) but they have now temporarily increased the Chase Freedom sign-up bonus to about double what it previously was! 

Chase Freedom®: 20,000 points (aka $200 in cash) after spending $500 in the first three months + 2,500 points for adding an authorized user who makes a purchase in the first three months

You see this card marketed as $200 dollars, but that also equates to 20,000 transferable Ultimate Reward points if you also have the Ink Bold® Business Charge Card, Ink Plus® Business Credit Card, or Chase Sapphire Preferred® Card..  The normal sign-up bonus for this card has been 10,000 points, but in recent months we have seen the 2,500 authorized user bonus added in.  This is the very first time we have seen 20,000 points + 2,500 bonus points for an authorized user which makes this the perfect time to consider getting this card!

This card has a permanent spot in my wallet in part because it is my oldest credit card, in part because it has no annual fee, but also because of the valuable rotating 5x bonus categories each quarter. It isn’t just a card I have in a drawer, it is a card I actively use.

Here are the remaining 5x bonus categories for 2014:

March 1 – June 30:

5x on restaurants and Lowe’s Home Improvement purchases,

July 1 – September 30:

5x on gas stations and Kohls

October 1 – December 31:

5x on Amazon.com, Zappos.com, and at select department stores

Chase Freedom 5x Bonus Categories

There is a $1,500 cap on the 5x earning for each quarter, but that means you can get 30,000 Ultimate Reward points each year for just $6,000 in spending on an annual fee free credit card.  These Ultimate Reward points can be transferred 1:1 to hotel and airline partners such as United, Hyatt, British Airways, Singapore Airlines, Marriott, IHG Rewards, Southwest and more if you also have the Ink Bold® Business Charge Card, Ink Plus® Business Credit Card, or Chase Sapphire Preferred® Card.

If you don’t also have one of those cards you can use the points at a one point = one cent value toward gift cards or statement credits.  You can also use them at a rate of 1.34 cents each toward airfare even without having any of those other cards.  If you have ever thought of getting a Chase Freedom®, I would strongly consider pulling the trigger during this limited time offer.  I don’t know an end date for the offer right now, but hopefully it will stick around at least a few weeks (just a guess).  An increase of 10,000 points to the sign-up bonus is pretty substantial when the sign-up bonus was only 10,000 points to begin with, there is no annual fee, the points are very valuable, and the minimum spending requirement is just $500.

If I didn’t already have this card I’d be pulling the trigger given the historical levels for this sign-up bonus.  It just might be the right time for a few more of my family members to add this to their collections…

 

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Comments

  1. Hi!

    I just applied for the Chase Ink Plus on May 6 and got approved. My previous Chase card before this was IHG last November.

    Can I safely apply for the Chase Freedom? Or does the May 6 application affect this and not allow me to be approved? Do you know what the rules are for applying to Chase cards? Is the three month rule only apply to personal?

    Thank you in advance for your help!

    • @Justin – I’ve applied for 3 Chase cards in the last 4 months – The Marriott Rewards Card, a Chase Sapphire Preferred, and the United MileagePlus Explorer. Ultimately your credit score needs to be pretty good (730+) but if it’s there you should be fine.

  2. Yep credit score isn’t the problem, mine is definitely in the mid 750s. Was just worried since I recently applied.

    Sounds good though, thanks!

  3. If I have the Sapphire preferred and my husband gets this card – can we transfer the points to my account to get the max value from ultimate rewards? I just got the Ink Cash within the last few weeks, so don’t want to get another card immediately.

  4. Summer, I have CSP, Ink, personal SW and business SW, would love to try for Bold or this Freedom, but also want to apply for Hyatt in the next few months. We’re all about using our UR for Hyatt stays. Can’t face having to talk to recon for Bold so I think that is out. Any opinions on Freedom vs. Hyatt? Just really concerned about “too many Chase cards” in general.

  5. Justin, I’d personally put at least a month between them, but there is no hard and fast rule. With a good credit score and no personal Chase in over six months I’d imagine you have a very good shot.
    Nadine, yes spouses can transfer points between accounts so that would work. Congrats on the Ink Cash, too!
    Carrie, my opinion is get what will work best for your travel plans. This is I imagine as high as we are going to see the Freedom in any realistic future, so that makes this one a higher priority in that sense. However, if you need the free Hyatt nights for a trip then that bonus is worth more overall, but there isn’t a sense of urgency for that based on increased sign-up bonus. I personally have four personal Chase cards and two business Chase cards, if that helps.

  6. Is this the Visa or Mastercard version? My husband has the Visa and I have the Mastercard so I am thinking at least one of us should be eligible for it as a new product?

  7. Do you know when you receive the 2500 points for adding an authorized user? Does that happen instantly or after you spend your $500? I’m looking to generate some Chase points quickly and this could be it!

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