Chase Freedom is a great cash back credit card that allows you to earn up to 5% cash back on rotating categories each quarter. The Chase Freedom 2019 Categories for the second quarter are now active, so you can begin earning cashback on your expenditures.
This card is similar to the Discover it Cashback Match card, which also offers 5% cash back on rotating categories each quarter. I like these types of cards, because they make it easy to score savings on things that may not ordinarily lend themselves to coupons.
For Chase Freedom, you can also opt to earn Chase points — if you hold Chase Sapphire Preferred (read my full review of this card) or Chase Sapphire Reserve (read my full review of this card) — instead of cashback, which can be used for free travel.
Who doesn’t want cash back or free travel?!
Chase Freedom Categories 2019: Quarter 2, April-June
Chase Freedom’s second quarter categories for April through June have been announced.
The categories include:
- Grocery stores (excluding Walmart and Target)
- Home improvement stores
They have not yet released the Chase Freedom Categories for the third and fourth quarters of 2019.
How Chase Freedom Works
When you pay with your Chase Freedom card, you earn 5% cashback on up to $1,500 spent total for the quarter. That nets you $75 in savings.
Before you can earn your 5% cash back, you need to “activate” the category, which if you already hold Chase Freedom, you can do here.
Discover’s first quarter category is grocery stores, so you can max out cash back at groceries with Discover and drug stores with Chase Freedom :).
About Chase Freedom
Chase Freedom currently offers $150 bonus after spending $500 within the first three months of account opening.
In addition to the 5% cash back on rotating categories, you also earn 1% cash back on all other purchases.
Your cash back rewards NEVER EXPIRE.
There is NO annual fee.
Chase Freedom also has a 0% intro APR for 15 months from account opening on purchases and balance transfers, which increases to 17.24%-25.99% afterward. There is a balance transfer fee of 5% of the balance or $5, whichever is higher. I prefer Chase Slate as the best balance transfer card, as it has 0% interest and NO balance transfer fees!
How the Cash Back Feature Works
Chase Freedom actually earns you “points” with 100 points=$1. So, instead of getting the cash back, if you hold either Chase Sapphire Preferred (my FAVORITE travel credit card; read my full review of this card) or Chase Sapphire Reserve (read my full review of this card), you can transfer your points to your Sapphire card in Chase Ultimate Rewards.
These can then be converted to Southwest points, British Airways Avios, United miles, etc.
So your $500 cashback could actually be converted to 50,000 Chase Ultimate Rewards points. When transferred to Southwest, 50,000 points can go A LONG WAY when you combine it with the Southwest Companion Pass (which lets one person fly free with you, effectively DOUBLING the value of every point; download my free guide on how to earn the pass below). Many Southwest flights are 7,500 points or less round-trip — and not just between close cities!
Thanks again for using the links in this post or the TRAVEL CREDIT CARDS links in the main menu to review and apply for cards.
- Go to Travel Gal’s Travel Credit Card Plan: Which Cards When
- Calling the Chase Reconsideration Line? What to Expect to Secure an Approval
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