The future of cash back is filled with good food, tasty coffee and great nights out at the movies. Chase has just released a preview of the Chase Freedom 5% cash back categories for 2015, and so far it's all good news.
Chase Freedom® wowed all of us over the holiday season by offering users a extra large bonus after signing up and spending just $500 on purchases within the first 3 months of account opening.
You can use the Chase Freedom® to get 5% cash back on up to $1,500 spent in combined purchases each quarter. This 5% cash back is earned for purchases made in categories that change every three months. After you hit the $1,500 spending cap for 5%, you will still earn 1% cash back on your purchases. You also earn 1% for the other purchases you make with this card.
From December 15 cardholders can begin signing up for the 5% categories for the first quarter of 2015. Personally, I'm glad to see that Chase included grocery store shopping as a 5% bonus category for the coming 3 months.
You can sign up for the 5% cash back categories online, over the phone, by text message or at any Chase branch.
Chase will release full category details for each following quarter of 2015 several weeks before each quarter begins, but they have offered a sneak peak at some of the categories we can take advantage of this year.
- Q1 (January 1 – March 31, 2015): Grocery stores, movie theaters and Starbucks® stores
- Q2 (April 1 – June 30, 2015): Restaurants and more
- Q3 (July 1 – September 30, 2015): Gas stations and more
- Q4 (October 1 – December 31, 2015): Amazon.com and more
It's important to note that the grocery store category in this case does not include Walmart® and Target® so you will only earn 1% cash back when you shop at those stores.
Chase Freedom® lets you earn a $100 Bonus after spending $500 on purchases within the first 3 months of card account opening. You can earn an extra $25 Bonus by adding an authorized user and making at least one purchase, both in the first 3 months. Earn 5% cash back for spending on purchases in categories that change each quarter. You can earn this 5% on up to $1,500 spent on combined purchases every quarter, after that you still get 1%. Earn unlimited 1% cash back for the rest of your purchases. Cash back rewards don't expire, and there is no limit to how much cash back you can earn. You also enjoy 0% APR for 15 months on purchases and balance transfers. After that intro period a 13.99% - 22.99% variable APR will apply to purchases and balance transfers. This card has no annual fee.
Read our complete Chase Freedom® review for more information.