Update: This offer is set to end today, Wednesday, June 24.
For a limited time, Chase has increased the bonus on the Chase Freedom credit card from 10,000 bonus points to now 20,000 bonus points!
To get the 20,000 bonus points, you just need to spend $500 within the first 3 months of card opening.
Additionally, you’ll also get an extra 2,500 points when you add a free additional user card for a total of 22,500 points!
Freedom card benefits:
- Named a Best Card for Cash Back by MONEY® Magazine
- For a limited time, earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening
- Earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period
- 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 13.99-22.99%
- 5% Cash Back on up to $1,500 in combined purchases in bonus categories each quarter.
- You’ll enjoy new 5% categories every 3 months like Gas stations, Restaurants and Amazon.com. It’s free and easy to activate your bonus each quarter!
- Unlimited 1% Cash Back on all other purchases
- No annual fee and rewards never expire as long as your account is open
One of the great benefits of this card (where you can rack up nice bonus points) is the 5x category spend on up-to $1,500 per quarter. There are 4 quarters per year, each quarter the Freedom card offers 5 points for every dollar spent at select stores or categories. For example, Q3 will be Gas stations, and Q4, you will be able to earn 5 points on every dollar at Amazon and select other stores.
If you maximize the $1,500 spend per quarter on the 5x category spend (which is $6,000 in yearly spend) you will get 30,000 Ultimate Rewards points. Normally 30,000 Freedom Ultimate Rewards points equals $300 in cash-back, but if you have the Sapphire Preferred and/or Ink Plus credit cards, you can transfer the points into your Sapphire/Ink accounts.
Once the points are in your Sapphire/Ink accounts, they can then also be transferred out to more lucrative airline/hotel points, where the value per point can many times exceed the 1 cent value per point you were to get otherwise.
You can also transfer points from the Sapphire/Ink cards over to your Freedom card, to keep your points alive, if you were to close one of those accounts, as the Freedom card does not have any annual fees.