Chase Freedom is a great cash back credit card that allows you to earn up to 5% cash back on rotating categories each quarter and now 5% cash back on grocery purchase up to $12,000 in the first year!
The Chase Freedom 2020 Categories for the third quarter are now active, so you can begin earning 5% cash back on those expenditures.
Chase Freedom third quarter categories include 5% cash back on up to $1,500 on purchases in this quarter at Amazon.com and at Whole Foods.
Additionally, through March 2022, you can earn 5% cash back on Lyft rides, as well.
All other purchases earn 1% cash back.
I like Chase Freedom, because it makes it easy to score savings on things that may not ordinarily lend themselves to coupons, like Internet service for example.
Another perk of Chase Freedom is that 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 cash back, which can be used for free travel.
Who doesn’t want cash back or free travel?!
Chase Freedom Categories 2020: Quarter 3, July-September
Chase Freedom‘s third quarter categories are now available for activation and will be active beginning July 1, 2020. You must “activate” these categories by September 14, 2020.
The third quarter categories include:
This is one of my favorite categories, because we do order quite a lot from Amazon! This category covers ALL Amazon purchases, INCLUDING:
- Amazon gift cards
- Amazon Fresh orders
- Amazon Prime membership
2. Whole Foods
The only exclusion here is if you order Whole Foods through a third-party like Instacart or Shipt.
Ways to Get the Most Out of the Third Quarter Bonus Category
If you really want to max out your savings on Chase Freedom for the third quarter categories, here are our tips:
- Try to purchase anything and everything on Amazon instead of other retailers (up to the $1,500 limit of course)
- Switch your primary method of payment on Amazon to your Chase Freedom card (just be sure to pay the balance off ideally every few days, but at least every month to avoid interest)
- Go ahead and pay your annual Amazon Prime membership fee (especially if you pay it monthly)
- Load up on items at Whole Foods that you can use throughout the year like toilet paper and other paper goods, canned goods, cleaning supplies, toiletries, soda, etc.
- With whatever remaining amount you have to meet the $1,500, purchase an Amazon gift card to use in the future (you know you’ll use it at Christmas! ;-))
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.
Chase Freedom currently offers $200 bonus (previously $150) after spending $500 within the first three months of account opening.
Other key features include:
- New in July 2020, you can earn 5% cash back on grocery purchases up to $12,000 in the first year (Note: Target and Walmart are excluded).
- Earn 1% cash back on all other purchases.
- Cash back rewards NEVER EXPIRE.
- NO annual fee.
Converting Cash Back to “Points” for Free Travel
Chase Freedom actually earns you “points” and 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 and use them to book free travel.
So your $500 cash back 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). Many Southwest flights are 7,500 points or less round-trip — and not just between close cities!
But keep in mind these points DO NOT QUALIFY for the Southwest Companion Pass when transferred to Southwest.
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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