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 Air, 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.
But the trick is you have to register each quarter for the category bonuses.
The January – March 2013 5x bonus is for gas stations, drugstores, and Starbucks. And registration for the bonus must be done by March 14..
The April – June 2013 bonus was Restaurants, Movie theaters but now Lowes has been added to the second quarter bonus categories as well.
I haven’t been a watcher of this card since the beginning to be sure, but I do not recall them ever changing bonus categories once those categories have been announced for the year. Perhaps someone with better memories on this can add their perspective in the comments.
But I don’t mind changes in terms and conditions when they are to the consumer’s benefit as this one clearly is.
And since many of y’all have this card and register for each quarters bonuses, I wanted to point out the change.
(Note that I receive referral credit from Chase if you choose to use my links above and are approved for a card, which I greatly appreciate.)