The Chase Freedom credit card, issued by Chase Bank, is a popular cash back credit card that offers cardholders the opportunity to earn rewards on their everyday spending. One of the key features of the Chase Freedom card is its rotating 5% bonus categories, which change every quarter and allow cardholders to earn additional cash back on specific types of purchases.
Chase recently announced the second quarter categories for the 5% bonus cash back on the Chase Freedom Flex and original Chase Freedom credit card. From April 1, 2024, to June 30, 2024, cardholders can earn 5% cash back on purchases made at Amazon.com, hotels, and restaurants. This means that for every $1 spent in these categories, cardholders will earn 5 cents back in the form of cash back rewards.
It’s important to note that the 5% cash back bonus only applies to the first $1,500 spent on combined purchases in the bonus categories each quarter. Once a cardholder reaches the $1,500 spending limit, any additional purchases in the bonus categories will earn the standard cash back rate (usually 1%).
For example, if a cardholder spends $1,500 on a combination of purchases at Amazon.com, hotels, and restaurants during the second quarter of 2024, they will receive a total of 7,500 points (1,500 points from their regular cash back rate and a bonus of 6,000 points from the 5% cash back bonus).
In order to qualify for the 5% cash back bonus, cardholders must activate the offer each quarter. This can typically be done through the Chase website or mobile app, or by responding to an email or text message from Chase. Activation is required to start earning the bonus cash back, so it’s important for cardholders to remember to activate the offer before making purchases in the bonus categories.
Cardholders who also hold a Chase Sapphire Preferred, Chase Sapphire Reserve, Ink Business Preferred, or Ink Plus card have the option to transfer their cash back rewards from their Chase Freedom account to one of these premium Chase credit cards. From there, they can transfer their points to a variety of Chase’s travel partners, potentially increasing the value of their rewards.
It’s worth noting that the Chase Freedom credit card is no longer available to new applicants, as it has been replaced by the Chase Freedom Flex. However, existing cardholders of the original Chase Freedom credit card can continue to enjoy the benefits and rewards offered by the card, including the 5% cash back bonus categories.
In conclusion, the second quarter bonus categories for the Chase Freedom Flex and original Chase Freedom credit card offer cardholders the opportunity to earn additional cash back on purchases at Amazon.com, hotels, and restaurants. By activating the offer and making purchases in these categories, cardholders can maximize their rewards and potentially earn valuable points that can be used for travel or other redemption options. If you’re a Chase Freedom cardholder, be sure to take advantage of these bonus categories and earn the most cash back possible during the second quarter of 2024.