Final Day To Finish Freedom Q3 Bonus Spending, Register Now For Q4 Bonus Spending

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Chase Freedom Linky

Today is the last day to earn 5 or 5.5 points per dollar on up to $1,500 in spending at gas stations and at Kohl’s. Visa counts all 7-Eleven’s as gas stations, even if they don’t sell gas, so I’ve stocked up on Visa gift cards from there on 3 Freedom cards. Those cards can be cashed thanks to cards like REDcard, Serve, and Bluebird.

Other gas stations also sell gift cards that can be liquidated for cash. Or you can always buy gift cards for the gas station of your choice and lock in extra savings by purchasing them on a Freedom card this quarter.

You can also now click here to activate next quarter’s 5% categories. You’ll earn 5 or 5.5 points per dollar on spending from:
-Amazon.com
-Amazon Prime Subscriptions
-Amazon Fresh
-Amazon Local
-Zappos.com
-Audible.com
-Diapers.com

Chase Freedom is an excellent no annual fee card thanks to its quarterly 5% categories. While they call it 5% cash back you’ll really get 5 Ultimate Rewards points per dollar spent which can be worth much more than 5% cash. For $1,500 in spending per quarter you will earn at least 30,000 Ultimate Rewards points (7,500 points per quarter at 5 points per dollar spent). The $100 signup bonus also comes in the form of 10,000 points that can be used for $100 cash back, but would be put to better use if used as airline miles.

Through the end of 2015, the Freedom card also earns a 10% annual point dividend. The final dividend will be paid out in February 2016 for 2015 purchases. That means you’ll earn an effective 5.5 points per dollar on purchases from the 5 point categories and you’ll earn an effective 1.1 points per dollar everywhere else.

Freedom alone can’t transfer points into much more lucrative airline/hotel/train currencies, but if you or your spouse has a Chase Sapphire Preferred® Card or Ink Plus card then you can transfer points from Freedom to one of those cards and from there to your favorite travel currency. You can read at the end of this post which currencies they can transfer to and why those points are much more valuable than just taking cash back. The Freedom card can also keep your points alive for free if you do close one of those cards.

If you use those points for a trip worth where they are worth 2 cents each and then you’ll have effectively earned 10-11% back on those “5 point categories.” The sky is the limit of the value of airline miles as they aren’t tied to the cost of a ticket. That’s good for people in the know and bad for those who are not. 1 mile can be worth 0.25 cents or it can be worth 25 cents, it all just depends on how you use them.

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Other Chase cards you can apply for at the same time include the Chase British Airways (Up to 100K signup bonus for a limited time only), the Chase Ink Plus (60K signup bonus for a limited time only, plus earn up to 5 points per dollar), the Ink Business Cash® Credit Card (30K signup bonus for a limited time only, plus earn up to 5 points per dollar with no annual fee),the Chase Southwest Premier (50K signup bonus points for up to $900 of free flights with free award cancellations), the Chase United Explorer (30K signup points plus another 5K points for adding a free additional user, and it gives free luggage, free primary car rental insurance including in the US and Israel, expanded saver and standard award ticket availability, priority boarding, and more), the Chase IHG (with 60K signup points and a free night every subsequent year upon renewal) and the Chase Marriott (with 50K signup points and a free night every subsequent year upon renewal), and the Chase Slate (with zero balance transfer fees, 0% APR on purchase and balance transfers for 18 months, and free FICO scores).