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This popular no annual fee Chase Visa card offers 5% cash back in categories that rotate every three months. If you don’t like being tied down to just a few bonus categories, the Freedom gives you opportunities to earn on different purchases throughout the year.
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:
|Quarter||5% Cash Back Category|
|2020: January – March||Gas Stations, Internet/Cable/Phone Services, Select Streaming Services, Lyft|
|2019: October – December||Department Stores, PayPal, Chase Pay|
|2019: July – September||Gas Stations, Streaming Services|
|2019: April – June||Grocery Stores, Home Improvement Stores|
|2019: January – March||Gas Stations, Tolls, Drugstores|
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% introductory APR on both purchases and balance transfers for 15 months, quite a nice offer on a rewards card, with a 16.49% - 25.24% Variable APR after that.
This card features contactless technology, allowing for quick tap-and-go payments.