The Chase Freedom® offers 5% cash back on rotating bonus categories each quarter. But to take advantage of this stellar rewards rate, you have to opt-in on a quarterly basis. Thankfully, you likely won’t miss out on the rewards if you don’t remember to opt-in by the start of the quarter.
Earn retroactive rewards on your bonus category purchases
- Q1 (January – March): March 14, 2016
- Q2 (April – June): June 14, 2016
- Q3 (July – September): Sept. 14, 2016
- Q4 (October – December): Dec. 14, 2016
If you forget to opt-in by those dates, you won’t receive 5% rewards for your bonus category purchases that quarter. That said, you can opt-in for the next quarter the next day (i.e. June 15, 2016).
Interested? Check out the Chase Freedom®
The Chase Freedom® offers 5% cash back on the following bonus categories:
|Chase Freedom® bonus rewards categories for 2020|
|Q1 (Jan. 1 - March 31)||• Gas stations.
• Select streaming services.
• Internet, cable and phone services.
|Q2 (April 1 - June 30)||TBD
(In 2019: Home improvement and grocery stores.)
|Q3 (July 1 – Sept. 30)||TBD
(In 2019: Gas stations and select streaming services.)
|Q4 (Oct. 1 – Dec. 31)||TBD
(In 2019: Department stores, PayPal and Chase Pay.)
For all bonus category spending above $1,500 per quarter, and for all other spending, you’ll earn 1% rewards. There’s also a sweet signup bonus: Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
The Chase Freedom® has an annual fee of $0 and a 0% APR for 15 months on purchases and balance transfers, and then the ongoing APR of 16.49% - 25.24% Variable APR. It’s a good option for those whose spending corresponds with the 5% bonus categories.
Nerd note: Use the email or text reminders to avoid missing the bonus opt-in dates. Sign up here and Chase will let you know when you it’s time to opt-in each quarter.