Update: This offer is expired.

For a limited time only, Chase has increased the bonus on the Freedom card from 10,000 bonus points to now 20,000 bonus points.

The Freedom card benefits:

Also, If you have a Chase checking account, The freedom will earn a 10% annual point dividend every February on all points earned during the previous calendar year.

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 offers 5 points for every dollar spent at select stores or categories. For example, through December 31, 2013 you can get 5 points on every dollar at Amazon and select department stores.

Quarter 1 5x categories spend next year, January – March, 2014,  will include:

• Gas Stations
• Movie Theaters
• Starbucks

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/Bold cards, you can then 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 options where the value per point can many times exceed the 1 cent value per point if you were to just redeem them for cash-back. Transfer options (in addition to cash back or gift cards) with the Sapphire/Ink cards are:  United Airlines, British Airways, Southwest, Korean, Virgin Atlantic, Hyatt Hotels, Marriott, Ritz-Carlton, Priority Club and Amtrak.