That’s 5% cash back if all you have is a no annual fee Freedom card.
Or if you have a Chase card that earns Ultimate Rewards like Chase Sapphire PreferredSM , Ink Plus® Business Card or Ink Bold® Business Card, you can move your points earned via Freedom over to an account with one of those cards — and then transfer the points that had been earned via Chase Freedom over to United, Korean Airlines, British Airways, Southwest, Amtrak, Hyatt, Marriott, Ritz-Carlton, or Priority Club.
So for all intents and purposes you earn 5 transferrable miles per dollar, up to $1500 per quarter in spending, in a variety of categories.
Which means you can earn 7500 points each quarter instead of 1500, an incremental 6000 points per quarter means an extra 24,000 points per year.
- January – March: Gas stations, Drugstores, Starbucks
- April – June: Restaurants, Movie theaters
- July – September: Gas stations, Theme parks, Kohl’s
- October – December: Select department stores, Amazon.com
You have to activate these bonuses each quarter — activation for the first quarter of 2013 begins December 15.
(Note that I receive referral credit from Chase if you choose to use my links above and are approved for a card. And hat tip for that the info was up on Chase’s Facebook page goes to The #Hustle Blog.)