The Chase Freedom is my personal favorite annual fee free card. It earns Chase Ultimate Reward points that can be used as cash back or toward gift cards, but if you also have a card like the Chase Sapphire Preferred or Ink Plus Business Card then you can transfer the Ultimate Reward points the Freedom earns to hotel and airline partners like United, British Airways, Hyatt, and more. This is how I use the Ultimate Reward points my Chase Freedom earns.
This card has valuable rotating 5x bonus categories that change each quarter and do require quarterly registration, but they will send a text to remind you, and I always post reminders here.
The big news for Freedom fans like myself is that the 2014 rotating bonus categories were just announced!
Chase Freedom – 2014 5% Cash Back Calendar
Q1 (January 1 – March 31, 2014): Gas stations, movie theaters and Starbucks stores
Q2 (April 1 – June 30, 2014): Restaurants and Lowe’s home improvement stores
Q3 (July 1 – September 30, 2014): Gas stations and Kohl’s
Q4 (October 1 – December 31, 2014): Amazon.com, Zappos.com and select department stores
The current Q4 categories for 2013 are Amazon.com and select department stores. I think that the 2014 categories are pretty easy for most people to max out the $1,500 quarterly limit if they think hard enough. I would have liked to see grocery stores or drug stores return to the list, but I think this list will work pretty well for many of us. Assuming you can max out the $1,500 quarterly 5x limit, that is 30,000 Ultimate Reward points each year for just $6,000 in spending.
If you get the card now with the limited time 20,000 point (aka $200) sign-up bonus after spending $500 in the first three months, then your total will be as high as 50,000 Ultimate Reward points in the first year with just $6,000 in spending on an annual fee free card!
We haven’t seen the sign-up bonus be this high in quite a while, so if you think the 2014 bonus categories will work for your family then this really is a great time to get this annual fee free card. It’s been in my wallet for years, and I don’t forsee it going anywhere any time soon.
What do you think of the 2014 bonus categories?
Disclosure: I do receive a commission if you are approved for a credit card using one of my affiliate links, as always thanks for your support!