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One of my very favorite rewards credit cards with no annual fee, the Chase Freedom, has officially unveiled its primary 2015 5x bonus categories today. This is great because right now the sign-up bonus has been temporarily increased from 10,000 to 20,000 points after you spend $500 in the first 3 months, so while the sign-up bonus is increased, you can look to see if the 2015 5x bonus categories (often advertized as 5% cash back) line up with places that you spend money frequently.
Chase Freedom®: This offer has expired.
20,000 points after spending $500 in the first three months, 2,500 additional bonus points if you add authorized user and make a purchase within this same 3-month period
The first quarter category bonuses at grocery stores, movie theaters, and Starbucks, had already been announced and are fully set, but the rest of the year is not yet totally final as there will be some additional categories/retailers joining the primary bonus retailer.
Q1 (January 1 – March 31, 2015): Grocery stores, movie theaters and Starbucks® stores
Q2 (April 1 – June 30, 2015): Restaurants and more
Q3 (July 1 – September 30, 2015): Gas stations and more
Q4 (October 1 – December 31, 2015): Amazon.com and more
If you only have the Chase Freedom then you can earn 5% cash back on up to $1,500 in spending in the 5x bonus categories each quarter as long as you activate the bonus (and I share reminders here about that each quarter). That isn’t bad for a card with no annual fee, but if you also have the Chase Sapphire Preferred® Card, Ink Plus® Business Card, or Ink Bold Card then you also have the option of transferring the points earned via the Chase Freedom 1:1 to Ultimate Reward airline and hotel partners like United, Southwest, Hyatt, Marriott, Singapore, and more. In fact, you can do this even if just your spouse has one of those three listed cards!
I’m pretty happy with the 2015 bonus categories – especially the return of grocery stores! How do the 2015 bonus categories for the Chase Freedom line up with your family’s spending patterns and miles and points goals?
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.