Q3 for 2013 just started, which means that Chase Freedom just updated their 5x point rotating categories. For the months of July, August, and September you will receive 5x points at Gas Stations, Theme Parks, and Kohl’s. You must activate this bonus by August 14, 2013, but all purchases prior to activation will still count – not to worry!
Remember though, it is only up to $1,500 on these categories total and after that you will go back to earning the typical 1 point per dollar. This means for those $1,500 in purchases you will receive a total of 7,500 Chase Ultimate Reward points (or at a bare minimum $75 cash back). And if you do not think you’ll meet the $1,500 mark, you can always purchase gift cards at these participating merchants to use at a later time – for example purchasing gas gift cards at the gas station you always go to (but make sure to purchase those gift cards at the actual gas station, not somewhere else).
Also, with the Chase Freedom points earned, many people refer to them as points points and cash back, and in theory they can be both depending on how to utilize your points. You can read this post to learn more about Points vs. Cash Back.
If you are new to the Chase Freedom credit card and the quarterly 5x point bonus points, make sure to take a look at this prior post. Also, here are some of the key perks with this card: 1) there is never an annual fee, and 2) through this great roundabout method described in the prior blog post you can actually transfer your Chase Freedom points to partner loyalty programs!
2013 Quarterly Categories:
- Q1, January-March: Gas Stations, Drug Stores, Starbucks
- Q2, April-June: Restaurants, Movie Theaters, and Lowe’s
- Q3, July-September: Gas Stations, Theme Parks, Kohl’s
- Q4, October-December: Select Department Stores, Amazon.com
I highly suggest writing the bonus categories with a sharpie on your card so you will never forget which merchant types qualify for the bonus!
Disclosure: This post contains affiliate links. I will only list the best credit card offers as my goal is for you to travel on a deal!