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 first quarter have now been published, so you can begin planning next year’s 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.
Who doesn’t want cash back or free travel?!
To compare credit cards or apply for any of the cards in this post, please consider starting at my Compare Cards link below. This allows me to earn a commission — at no cost to you — to help support the blog and allow me to continue to bring you great content FREE!
Chase Freedom Categories 2019: Quarter 1, January-March
Chase Freedom’s first quarter categories for January through March have been announced.
The categories include:
- Gas Stations
- Drug Stores – This includes Walgreens, CVS, Rite-Aid, etc.
- Highway Tolls – A brand new category for Chase Freedom! Who knew you could earn points paying tolls? 😉
They have not yet released the Chase Freedom Categories for the rest 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) or Chase Sapphire Reserve (click on each to read my reviews of each 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 my Compare Cards link to review and apply for credit 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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