It’s time to register your Chase Freedom 2nd Quarter 5% Bonus Categories

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One of our favorite cards to use in our family is the Chase Freedom. I wrote about this recently as one of the many credit cards that we use, along with many of my friends who love earning miles and points.

Jason & friends – our favorite credit cards for Dining, Groceries, & More

What’s the big deal with Chase Freedom

During the course of the year, the Chase Freedom card gets 1 point for every dollar spent with the card. No big deal, right?  But there are certain quarters during the course of the year when using the Chase Freedom earns you 5% cash back or 5 points per dollar.

For the 2nd quarter of 2020, Chase announced its recent promotion when you use the Chase Freedom during this quarter. You can earn 5% back or 5x on the first $1,500 you spend in combined purchases in these categories:

  • Grocery stores
  • Fitness and gym club memberships

If you have this card, you will need to activate this by going to your Chase Freedom account. As of March 15 the option to activate the 2nd quarter promo was made available.

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Click activate from your account. Image courtesy of Chase.

All you have to have to do is go to your Chase Freedom account, look for the link for the 5% cash back, and activate. If that doesn’t work, you can also call Chase directly and ask them to activate your card for the new promotion.

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Click activate from your account. Image courtesy of Chase.
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Once activated, the screen will look like this. Image courtesy of Chase.

What’s in it for you?

The maximum spend to get the 5% cash back is $1,500 per quarter, therefore, if you spend $1,500 during one quarter, when you multiply that by 5 points, that’s equivalent to 7,500 Chase Ultimate Rewards. If you take advantage of the quarterly promo in full, you could earn 30,000 Chase Ultimate Rewards in one year by simply using your Chase Freedom appropriately during the year. That’s 7,500 per quarter x 4 quarters = 30,000 Ch

\Grocery – Image courtesy of Photo 144925730 © Freemanhan2011 – Dreamstime.comase Ultimate Rewards in one year. That’s worth a round trip ticket somewhere in the US, or perhaps somewhere in the world.

What if you don’t have the Chase Freedom card today?

Very simple. You can apply for a new Chase Freedom  card (click here). You have to be under 5/24 to be approved. If you need a refresher on 5/24, here’s what I wrote:

The Chase 5/24 Rule: 9 Things You Need to Know

Here’s the latest offer

Earn $200 (formerly) $150 bonus after you spend $500 on purchases in your first 3 months from account opening

  • 5% bonus Ultimate Rewards or cash back (quarterly bonus categories)
  • The promo has included purchases with gas stations, groceries, restaurant, the typical everyday spend.
  • The best part? No Annual Fee.

To get this card, click here! Chase Freedom

How else can you maximize your earnings with the Chase Freedom

As I’ve mentioned before, in our family, my wife and I go on a two-player mode. Way before we started earning miles and points, we had separate Chase Slate accounts. We don’t use those accounts anymore, and I learned that we could product change those accounts to Chase Freedom. You are also allowed to have more than one Chase Freedom account under your name. Just know that if you product change to a Chase Freedom card, you will not be eligible to get the sign up bonus (as noted above) but you can take advantage of the quarterly 5% promotions.

Arashiyama Bamboo Forest – Kyoto, Japan

If you’re not earning more than 1 point per dollar…

…find ways how to double, triple, or quadruple (you get the idea) your earning potential. Earning 1 point is better than earning nothing. But earning more than 1 point is sweeter. That’s why we love our Chase Freedom card. There is no Annual Fee, and the rotational quarterly promos could get us 5% back on our spend.

Do you have the Chase Freedom card? Which quarterly promo do you like? How do you maximize your earnings potential?

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Author: Jason

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