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 5% cash back bonus categories from 2018, plus the 2019 categories for the first and second quarter:
|QUARTER||5% CASH BACK CATEGORY|
|2018: January – March||Gas Stations, Internet/Cable/Phone Services, Various Digital Wallets|
|2018: April – June||Grocery Stores, PayPal, Chase Pay|
|2018: July – September||Gas Stations, Lyft, Walgreens|
|2018: October – December||Department Stores, Wholesale Clubs, Chase Pay|
|2019: January – March||Gas Stations, Tolls, Drugstores|
|2019: April – June||Grocery Stores, Home Improvement Stores|
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.