Chase Freedom Q2 Rotating Bonus Categories
Today, Chase revealed the rotating bonus categories for Freedom (no longer available) and Freedom Flex cardmembers for the second quarter of 2024. The new categories include Amazon and Whole Foods, Hotels, and Restaurants.
Cardmembers can earn 5% cash back on up to $1,500 in combined purchases in these categories for three months. Let’s take a look at the full details of the bonus categories for this upcoming quarter.
Earn 5%
Starting April 1 through June 30, 2024, Chase Freedom and Freedom Flex cardmembers can earn 5% cash back on up to $1,500 in combined purchases on the following:
Amazon and Whole Foods
Hotels
Restaurants
You can activate the new categories here, starting on March 15, 2024. Must activate by June 14, 2024.
Chase Freedom Cards
The Chase Freedom and Freedom Flex cards earn 1% on all purchases but also 5% on rotating quarterly bonus categories, up to a combined $1,500 in purchases. So you can earn up to $75 every quarter, if you maximize the eligible categories. You can even have more than one Freedom card.
But it gets much better than that, since the cashback can be used as Ultimate Rewards points. To use the cashback as Ultimate Rewards points, you need to have one of the premium cards from Chase. That’s Chase Sapphire Preferred, Chase Sapphire Reserve, Ink Business Preferred or Ink Business Plus. You can then use points you earn with Chase Freedom cards as Ultimate Rewards. That gives you the ability to transfer to travel partners.
Along with 5% rotating categories, Freedom Flex cardmembers also earn 5% cash back on travel purchased through Chase’s Ultimate Rewards, 3% cash back on dining and drugstores and 1% cash back on all other purchases. Freedom Flex cardmembers also receive World Elite Mastercard Benefits, including cell phone protection and discounts with Lyft, Shoprunner and more, in addition to Priceless Experiences.
If you don’t have the Chase Freedom Flex card, you can sign up and earn a $200 bonus cash back when you spend $500 within the first three months. Chase Freedom is no longer available for new applications. You can also product change other Chase cards to Freedom Flex. This is a good option if you don’t want to apply for a new card.
Guru’s Wrap-Up
These are good categories for Freedom cardholders. Amazon is a massive online retailer and Whole Foods is also a popular supermarket. However, some people might already earn 5% there with one of the Amazon cards. You also have hotels and restaurants this upcoming quarter, which should be useful for travelers.
Don’t forget to maximize this quarter’s categories as well, which are much better. You then have until the end of March to spend $1,500 (check your progress) on the following categories:
- Grocery Stores (excluding Walmart & Target)
- Fitness Clubs & Gym Memberships
- Self-Care & Spa Services
- Learn more
Let me know what you think. Are you excited with the Q2 options? How do you plan to maximize your spending? Leave a comment below!
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