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 2019|
|Q1 (Jan. 1 - March 31)||Gas stations, tolls and drugstores|
|Q2 (April 1 - June 30)||Home improvement stores and grocery stores|
|Q3 (July 1 – Sept. 30)||"Summer" — TBD
(In 2018: Gas stations, Lyft, Walgreens)
|Q4 (Oct. 1 – Dec. 31)||"Holiday" — TBD
(In 2018: Department stores, wholesale clubs, 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% on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 17.24% - 25.99% 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.