Future 5% categories for all 2015 announced. The Chase Freedom® – $100 Bonus is a solid all-around rewards card with 5% cash back in rotating categories, all with no annual fee. Here are the highlights:
- For a limited time, earn a $100 Bonus after you spend $500 on purchases in your first 3 months from account opening.
- Earn an additional $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period
- 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 13.99-22.99%
5% cash back rewards program details. As a rewards credit card it is better than plain vanilla 1% cashback cards with its 5% cashback on rotating categories, good for up to $1,500 in purchases each quarter. Here are the categories through the end of 2015.
From October to December 2014:
- Select Department Stores
From January to March 2015 (activate 12/15):
- Grocery Stores
- Movie Theaters
Here is the preview for the rest of 2015. Q2 is Restaurants, Q3 is Gas Stations, and Q4 is Amazon.com. That’s pretty solid, and they usually will add few additional retailers or minor categories.
Activate quarterly at ChaseBonus.com or call the number on the back of the card. All other purchases earn 1% back, with no tiers or expiration of rewards. Keep in mind that you actually earn Ultimate Rewards points. If you have a Chase Sapphire Preferred and Ink Bold/Plus small business cards which also earn those, your Ultimate Rewards points can be combined and converted to miles like United Airlines, British Airways, and Hyatt hotel points. Depending on what you redeem for (i.e. plane ticket, hotel stay), Ultimate Rewards can be worth well more than 1 cent per point this way, which means you can actually get more than 5% value back.
I call this a “keeper” card as there is no annual fee, the rewards never expire, and the 5% rewards have been pretty solid historically. So there is reason to cancel, you can just use it when the rewards work for you.
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