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Registration has opened and the Chase Freedom® 5% bonus categories for Q4 2019 are now active. This quarter, the 5X earning options are department stores, Chase Pay, and PayPal. During the promotion, you will earn 5% cash back on the first $1,500 of purchases at participating merchants from October 1, through December 31, 2019.
- Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
- Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
- Unlimited 1% cash back on all other purchases - it's automatic
- 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74 - 25.49%.
- 3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a minimum of $5.
- No annual fee
- Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
- Free credit score, updated weekly with Credit Journey℠
- 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter.
- Unlimited 1% cash back on all other purchases.
- You need to activate your bonus by December 14, 2019.
- Earn 5% cash back on the first $1,500 of spending (max $75 cash back), earn 1% after that.
- This quarter the bonus categories are Department Stores, PayPal, and Chase Pay.
- Purchases the post to your account between October 1, and December 31, 2019, are eligible for the bonus.
Provided you register before the activation deadline (December 14, 2019), you will earn the bonus for all purchases made during the quarter (including those made before registration.)
Chase Pay and PayPal
The star of this quarter is the inclusion of Chase Pay and PayPal payments as bonus categories. This opens up the possibility of earning 5% on virtually every purchase, as long as you can use either service to make a payment. This quarter’s bonus category lineup is the easiest in recent memory to earn your full quota of cashback. (Here's our post covering historical Freedom Card categories back to 2014.)
Pair With a Premium Card for Higher Redemption Value
Earning 5x on purchases is an excellent return, but, you can only redeem those points for 1¢ each if you hold the Freedom Card as a standalone card. Giving you a 5% return on spending. You can get a much better return from your points if you also hold a premium Ultimate Rewards earning card like the Chase Sapphire Preferred® Card, Chase Sapphire Reserve®, or Ink Business Preferred℠ Credit Card.
Transferring points earned on the Freedom Card to a premium card increases the value of each point to 1.25-1.5¢ when used to book travel through the Ultimate Rewards Travel Portal. Plus, when you combine points to a premium card, you also have the option to transfer Ultimate Rewards points to airline and hotel partners. Transferring points to partners typically yields the highest value for Ultimate Rewards points, particularly when redeemed for premium-cabin airline awards or luxury hotels.
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
- 2X points on travel and dining at restaurants worldwide
- 1X point per dollar spent on all other purchases
If you have the Chase Freedom® card, there is no excuse for not registering for the quarterly bonus categories. While the card has an impressive list of features and benefits (check out our full review) the rotating bonus categories are a great way to turn modest spending into significant rewards. Although the Freedom Card is marketed as a cashback card, the points you earn become far more powerful if you have one of the premium Chase Ultimate Rewards cards that can make points transfers to partner loyalty programs. If you haven't already, check out our comprehensive post on maximizing Ultimate Rewards partners.
Registering only takes a couple of seconds, and you will be on your way to earning 5% cashback. One thing to remember is to keep track of your spending, and once you have hit your limit, switch your spending to a higher earning cashback card like the Chase Freedom Unlimited®, which will earn you 1.5% back on all purchases.
- Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
- Earn unlimited 1.5% cash back on all purchases.
- 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%.
- 3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a minimum of $5
- No annual fee
- No minimum to redeem for cash back
- Cash Back rewards do not expire as long as your account is open
- Earn 1.5% cash back on all purchases
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