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 2020 Categories for the first quarter are now active, so you can begin earning cash back on your expenditures. Additionally, they have announced the second quarter categories starting April 1, which are also available to activate.
Chase Freedom first quarter categories are currently available for earning cash back, which include gas stations, internet, cable and phone service and select streaming services.
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 2, April-May
Chase Freedom‘s second quarter categories are now available for activation and will be active beginning April 1, 2020. You’ll need to activate them by June 14, 2020.
The second quarter categories include:
1. Grocery stores
This does NOT include Target and Walmart, unfortunately. It also excludes warehouse stores, discount clubs, drug stores or gas stations that also have grocery stores.
2. Gym memberships and fitness clubs (even though many of us may be working out at home temporarily; bad timing, Chase!)
Merchants that DO qualify for this category include Orange Theory, Planet Fitness, LA Fitness, Life Time Fitness, etc. Read the complete list of qualifying merchants.
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 $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.
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.
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; 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!
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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