And 5% cash back sure beats 1% cash back. Think of it like a discount every time you shop. Gas stations, car rental agencies, movie theaters and select live entertainmentĥ% at Restaurants and PayPal on up to $1,500 in purchases when you activate.ĥ% at and digital wallets on up to $1,500 in purchases when you activateĮarning cash back on a no-annual-fee credit card is a terrific money-saver. Excludes Walmart and Target purchasesĪ and select streaming services (Apple Music, Apple TV+, Disney+, ESPN+, Fubo TV, HBO Max, Hulu, Netflix, Pandora, Paramount+, Peacock, Showtime, SiriusXM, Sling, Spotify, YouTube Premium, YouTube TV and Vudu)ĥ% at Gas Stations and Target on up to $1,500 in purchases when you activate Grocery stores (excluding Target and Walmart) and eBayĥ% at grocery stores, fitness club & gym memberships on up to $1,500 in purchases when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically If you own both the Chase Freedom Flex℠ and the Discover it® Cash Back and want to see which card offers bonuses in which categories for the quarter, or if you’re trying to decide which card to apply for, it can be helpful to see a side-by-side comparison.Ģ022 Quarterly Bonus Categories for the Chase Freedom Flex and the Discover it Cash Backĥ% cash back on up to $1,500 in categories that rotate quarterly (requires activation), 5% on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores and 1% on all other purchasesĥ% cash back on everyday purchases at different places each quarter up to a quarterly maximum of $1,500 in spending when activated. Related: Should You Have Multiple Freedom Flex and Freedom Unlimited Cards? Compare Chase Categories With Discover Once you’ve reached that spending cap, you can switch to using a card that earns a higher rate than the 1% you’ll get on the Freedom Flex for purchases outside of the bonus categories. This is particularly helpful if you paired your Freedom with another card. Your Chase account includes a graphic that measures how much you have left before you’ve hit the maximum earnings of $75. How To Maximize 5% Cash BackĪfter you’ve reached the $1,500 cap for the quarter, all other spending in the eligible bonus categories will earn 1%-a rate that can easily be bested by other cards. If you’re spending above your means just to maximize the quarterly bonus categories, you’ll pay far more in interest than the value of any rewards earned. It’s important to know that it only makes sense to maximize the bonus categories if you can pay your credit card in full and on time every month. Or, if you have the storage space, max out that $1,500 cap buying household staples like paper towels, toilet paper and cleaning products for the year. So you might want to put a few bucks on a gift card to cover your next night out to dinner or a gift for a special occasion. This is where it’s time to think outside the box and perhaps fulfill some of your shopping needs with the bonus categories in ways you may not normally have considered.įor example, if the bonus categories include grocery stores, many supermarkets will typically sell gift cards to places like Amazon, restaurant chains and retail stores. But maybe your spending doesn’t align with where you can earn 5%. Now that you’ve activated the 5% bonus categories, it’s time to go shopping. In the example above, you’ll see that the last date to activate the January-March categories is Mar 14, 2022. In the example below, the bonus categories for the quarter are grocery stores (excluding Target and Walmart) and eBay. To do so, log into your Freedom Flex account and click on the small print where it says “Details” next to where it says 5% cash back and the current months in the quarter.Īfter you click on “Details”, you’ll get to a screen with a button to click that “activates” or opts you into that quarter’s 5% bonus earnings. You have to “activate” the bonus categories on the card each quarter. There’s a small, yet crucial, step in order to score that 5% earn rate. Related: Should I Product Change My Chase Freedom to a Freedom Flex? Spend Strategically Grocery stores (excluding Target and Walmart) and Fitness Clubs & Gym Memberships. 2023 Quarterly Bonus Categories for Chase Freedom Flex
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