Chase’s 5% Bonus Categories for Q1 2023: Target, Grocery Stores, Fitness Club/Gym Memberships

By Jaime Hanson 
Edited by Kenley Young

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If you're an eligible Chase credit card holder and you're making New Year's resolutions, the first three months of 2023 could work out pretty well for you, spending-wise.

From Jan. 1 through March 31, 2023, holders of the Chase Freedom Flex℠ or the legacy Chase Freedom® credit card can earn 5% back on up to $1,500 in combined spending in the following categories (1% back on everything else):

  • Target.

  • Grocery stores.

  • Fitness club and gym memberships.

Cardholders must activate the bonus categories online or in the Chase app by March 14, 2023, to receive the 5% rewards for all eligible purchases during the quarter (including purchases made before activating).

Hitting the cash-back Target

This marks the first time that Target, including Target.com and the Target app, will be featured as a quarterly bonus category for Chase. In fact, in years past when grocery stores have appeared on the 5% calendar, Target has been specifically excluded.

Chase Freedom® and Chase Freedom Flex℠ bonus rewards categories for 2023

Q1 (Jan. 1-March 31)

  • Target.

  • Grocery stores.

  • Fitness club and gym memberships.

Q2 (April 1-June 30)

TBA.

Q3 (July 1-Sept. 30)

TBA.

Q4 (Oct. 1-Dec. 31)

TBA.

If Target is where you get your groceries — or if you've been eyeing, say, a pricey fitness tracker, fancy blender or expensive treadmill — you could rack up some serious cash back at one of the world's most popular big-box retailers.

🤓Nerdy Tip

Though grocery stores are also a 5% category for Q1 2023, note that you can't "double-dip" on grocery store purchases at Target. Those will earn a max of 5% back, not 10%.

Stackable grocery savings

Want to kick-start your healthy year with a new meal-prepping routine or spend the cozy winter months cooking at home? Having grocery stores (excluding Walmart) as a 5% category might be welcome news.

On top of the quarterly bonus category for grocery stores, new Chase Freedom Flex℠ cardholders who apply directly via Chase can earn 5% cash back at grocery stores (excluding Target and Walmart) on up to $12,000 in spending in the first year.

For the first three months of 2023, that translates to an incredible 9% back on grocery purchases. (It's not 10% back because the bonus is 4% on top of the baseline 1% back. So you earn 5% for the year, plus an extra 4% for the quarter.)

🤓Nerdy Tip

Chase's introductory offer of 5% back on groceries on up to $12,000 in spending in the first year is available only when you apply directly with Chase. NerdWallet features a different offer.

Financial fitness goals

Have a new health and fitness goal among your New Year's resolutions? Flex your financial muscles with up to 5% cash back on your gym or fitness club membership with the Chase Freedom® or Chase Freedom Flex℠ .

Whether you prefer to sweat it out in a spin class or find your inner Zen at the yoga studio, any merchant that's categorized as a gym or fitness club on your credit card statement should qualify. If you prefer at-home workouts, though, note that fitness streaming services like Peloton and Apple Fitness don't fit within this category.

Card details: Chase Freedom Flex℠

Annual fee: $0.

APR: 0% intro APR for 15 months on purchases and balance transfers, and then the ongoing APR of 19.24%-27.99% Variable APR

Rewards:

Chase Freedom Flex
NerdWallet rating 
Learn More

In addition to its quarterly calendar of rotating 5% bonus categories, the card offers:

  • 5% back on travel booked through Chase Ultimate Rewards®.

  • 3% back on dining, including takeout and delivery services.

  • 3% back on drugstore purchases.

  • For all cardholders, through March 31, 2025, 5% back on qualifying Lyft services purchased through the Lyft app.

  • 1% back on all other purchases.

🤓Nerdy Tip

The Chase Freedom® card is no longer available to new applicants. However, existing users are still eligible to earn the 5% back in bonus categories after activation.

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