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I wanted to post a final reminder that one of my favorite rewards credit cards with no annual fee, the Chase Freedom, is scheduled to end its temporarily increased sign-up bonus later today, December 17th. Back on November 17th the sign-up bonus temporarily increased from 10,000 to 20,000 points after you spend $500 on the card in the first three months. We knew this wouldn’t last as it historically only happens a few times a year.
Chase Freedom®; 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.
You see this card’s sign-up bonus marketed as $200 dollars, but that also equates to 20,000 transferable Ultimate Reward points if you also have the Chase Sapphire Preferred® Card, Ink Plus® Business Card, or Ink Bold Card. In fact, you can make your points into fully transferable points that can go 1:1 to United, Hyatt, Southwest, Singapore, Marriott, and more even if just your spouse has one of those three listed cards!
The Freedom 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. The 2015 primary 5x bonus categories were just announced:
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 already have the card you can go ahead and activate the first quarter 5x bonuses of grocery stores, Starbucks, and movie theaters now. You can also check and see if your account is eligible to refer others to the increased 20,000 point bonus (which can give you 5,000 bonus points).
If you plan to add the Freedom to your rewards card arsenal in the near future, I would strongly considering doing it ASAP before the increased bonus ends.
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.