The Chase Freedom® – $150 Bonus is a popular rewards credit card. What makes it unique is the combination having no annual fee and the ability to get 5% Cash Back on up to $1,500 in combined purchases in bonus categories each quarter.
Here are the highlights:
- Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
- Earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period
- Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
- Enjoy new 5% categories every 3 months like Gas Stations, Restaurants, and Select Grocery Stores
- Unlimited 1% cash back on all other purchases – it’s automatic
- Cash Back rewards never expire as long as your account is open
- No Annual Fee
Note the following text regarding the sign-up bonus eligibility:
This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months.
2016 5% Cash Back Categories
From January 1st through March 31st, 2016 you can earn 5% cash back on up to $1,500 spent in the following categories:
- Gas Stations
- Local Commuter Transportation (includes taxis, subways, local commuter buses and trains)
Activate each quarter at ChaseBonus.com, via your online account page, or call the number on the back of the card. The categories usually include at least one big-spending area, and seem to go with the seasons (home improvement for spring, gas and travel for the summer). This is another “keeper” card for me, as I can keep it around and use it when the bonus categories fit my spending needs.
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