Activate Your Q3 Chase Freedom 5x Point Categories And Finish Your Q2 Bonus Spending Now!

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Update: Tomorrow, June 30th, is the last day to complete spending for thr Q2 categories, if you haven’t spent the full $1,500 yet then head out to your local grocery store and stock up on gift cards!

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-Chase Freedom Mastercard-Earn $100 cash back (in the form of 10,000 Ultimate Rewards points) when you spend $500 in 3 months.
-Chase Freedom Visa-Earn $100 cash back (in the form of 10,000 Ultimate Rewards points) when you spend $500 in 3 months.
There is no annual fee for Freedom!
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Next Saturday, 06/30, is the last day to earn 5 points per dollar at grocery stores and movie theaters with Chase Freedom as part of the Q2 bonus categories. You can earn the bonus points on up to $1,500 of spending between 04/01 and 06/30 at any grocery stores and movie theaters. That’s on top of 10% bonus points and 10 points per transaction if you also have a Chase checking account.

Don’t have enough to buy right now? Buy gift cards at grocery stores to get a ton of bonus points up front on up to $1,500 of spending and then use the gift cards as needed! I personally value my Ultimate Rewards points at a minimum of 1.8 cents each, so this is like a rebate of more than 9%.  My local grocery store, Giant Eagle, sells gift cards for dozens of different stores, and they also provide free gas (typically about $6-$12 of free gas) for every $100 of gift cards purchased.  Add to that the 5x Freedom bonus and it’s quite lucrative to stock up on gift cards!

Next, don’t forget to activate your Q3 Chase Freedom 5% categories.

For 07/01/12-09/30/12 the 5 point categories are for all spending at Gas stations and Restaurants!

Here is a link that explains where you will and won’t earn the 5 points per dollar this quarter.

And don’t forget for Q4: the categories will be hotels, airlines, Best Buy, and Kohl’s.

You earn 5 points per dollar on up to $1,500 of spending per quarter.

Although they are called “5% categories” you really get 5 Ultimate Rewards points per dollar spent which can be cashed out for 5% cash. For $1,500 in spending you will earn at least 7,500 Ultimate Rewards points.

However if you have a Chase Sapphire Preferred® Card or Ink Bold card then you can transfer the points over to one of those cards and then transfer them at a 1:1 ratio into much more valuable airline miles (United, British Airways, Southwest, Korean, etc) or hotel points (Hyatt, etc).

Have any Chase checking account as well? You qualify for Chase Exclusives which gives you even more bonus points!

You will earn:
-10% bonus points on top of all base points earned.
-10 bonus points for every transaction you make.

And that’s on top of points for spending in 1% and 5% categories!

For smaller purchases there is no more lucrative card than Chase Freedom if you have Chase checking. Even if you are just buying a cup of Coffee for $2 you should use Freedom over Chase Sapphire Preferred® Card as Sapphire will earn 2.14 points per dollar for a total of 4.28 points while Freedom will earn 1.1 points per dollar plus 10 points, for a total of 12.2 points.