The Chase Freedom is a Visa cash back card that offers 5% cash back in select categories, which rotate every 3 months. You’ll get that rate on the first $1,500 spent per quarter in those categories, after which it drops to 1% back.
If you find yourself making purchases in these categories every year, the Freedom card could be a great addition to your wallet. Take note that you’ll need to activate the 5% bonus categories every quarter.
Here are the recent 5% cash back bonus categories, plus the 2019 categories up to the third quarter:
| QUARTER | 5% CASH BACK CATEGORY |
|---|---|
| 2018: October – December | Department Stores, Wholesale Clubs, Chase Pay |
| 2019: January – March | Gas Stations, Tolls, Drugstores |
| 2019: April – June | Grocery Stores, Home Improvement Stores |
| 2019: July – September | Gas Stations, Streaming Services (includes Netflix, Hulu, Sling, Vudu, FuboTV, Apple Music, SiriusXM, Pandora and Spotify) |
There’s also a $150 introductory cash bonus, which you can get by spending just $500 in the first 3 months after account opening. This card is issued as a Visa Platinum if your credit limit is below $5,000. If your credit limit is $5,000 or above you’ll get a Visa Signature, with slightly upgraded benefits.
You’ll get a 0% Intro APR on Purchases introductory APR on both purchases and balance transfers for 15 months, quite a nice offer on a rewards card, with a 17.24% - 25.99% Variable APR after that.
This card features contactless technology, allowing for quick tap-and-go payments.
For a similar card that offers 1.5% cash back on every purchase you make, check out the Chase Freedom Unlimited Credit Card (Review).
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