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One of my very favorite no-annual-fee rewards credit cards doubled its sign-up bonus for a few weeks, but that temporary offer is scheduled to come to a close tomorrow (June 24th). Since I love and use this card myself, I wanted to offer a final reminder about tomorrow’s deadline.
You see this card marketed as Ultimate Reward points if you also have the Ink Bold Business Charge Card, Ink Plus Business Credit Card, or Chase Sapphire Preferred® Card.
The Chase Freedom 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 that are a big part of our “keep in simple” miles and points earning strategy.
Here are the remaining 5x bonus categories for 2015:
April 1 – June 30:
5x on Restaurants, Bed, Bath, and Beyond, H&M, and Overstock.com purchases
July 1 – September 30:
5x on Gas Stations and Kohl’s
October 1 – December 31:
5x on Amazon.com and more
You have to activate the bonus categories and 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, Ink Plus, 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. If you have ever thought of getting a Chase Freedom®, I would strongly consider pulling the trigger during this limited time offer. There is no annual fee, the points are very valuable, and the minimum spending requirement is just $500.
That said, I do want to offer a reminder of reports that Chase has tightened up who they will approve for some of their card products, including the Chase Freedom, so check out this post if you have applied for 4 or 5 credit cards in the last two years.
If you already have the card yourself, some people have had the increased offer available via the Chase Refer-A Friend website which would enable you to get 5,000 bonus points for each approved friend/family member you refer.
If I didn’t already have this card I’d be pulling the trigger given the historical levels for this sign-up bonus and the ongoing 5x perks!
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.