No Annual Fee Chase Freedom Cards Can Give You an ‘Extra’ 24,000 Points Per Year, Each Year
You can register for the 3rd quarter’s special 5 points per dollar earning categories starting today.
The Chase Freedom® Visa offers 5 points per dollar in a rotating set of categories which change each quarter.
You have to register anew each quarter for the bonus, and then you can earn the 5x offering on up to $1500 in spend for that quarter.
Since that’s an extra 4 points per dollar on top of the standard 1 you’d earn with most cards and in most categories of spending, you pick up an extra 24,000 points per year with Chase Freedom. Which is pretty good on a no annual fee card. (The math is 4 extra points per dollar x $1500 per quarter x 4 quarters, so 4 extra points on $6000 spend or 24,000 points.)
To Get the Most Value from the Freedom Cards, You Need Sapphire Preferred, Ink Plus, or Ink Bold Too
The Freedom Cards are cash back cards only — 1% for normal spend, 5% for the 5x bonuses spend each quarter — unless you have one of the premium Ultimate Rewards cards.
When you have one of the premium Ultimate Rewards cards like Ink Bold, Ink Plus, or Sapphire, all of the points are transferable to miles and points with Ultimate Rewards partners.
- Airlines: United, British Airways, Virgin Atlantic, Korean Airlines, Southwest
- Hotels: Hyatt, Marriott, Ritz-Carlton, Priority Club
- Ground: Amtrak
That’s because you can transfer the points from your Freedom card to one of the other card accounts that allows transfers to miles and points.
All three cards have strong signup bonuses (40,000 points after $3000 spend within 3 months for Sapphire Preferred, 60,000 points after $5000 spend within 3 months for Ink Bold and Ink Plus this week only) and strong value propositions on their own — double points on travel and dining for Sapphire Preferred, quintuple points on office supplies and telecommunications for the Ink Bold and Ink Plus cards (plus double points on hotels and gas), and all three have no foreign currency transaction fees.
Upcoming 5x Opportunities
The 5x opportunities mean you can earn 7500 points each quarter instead of 1500 on the first $1500 spend in eligible categories.
The July – September 2013 5x bonus is for Gas stations, Theme parks, Kohl’s.
Bonuses for October – December will be select department stores and Amazon.com.
So if you have a Freedom card already, don’t forget to register for this quarter’s bonuses.
(Note that cards in this post offer credit to me if you’re approved using my links. I try to offer only the best available cards, and most lucrative deals available for those cards. So if you’re aware of better deals than I’ve featured please do let me know! The opinions, analyses, and evaluations here are mine. The content is not provided or commissioned by American Express, by Chase, by Citibank, US Bank, Bank of America, Barclays or any other company. They have not reviewed, approved or endorsed what I have to say.)
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