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The Chase Freedom is a great card to have, and one of the reasons is that it’s a no-fee card that still earns valuable Ultimate Rewards. Also, if you have a premium Chase card (such as the Sapphire or the Chase Ink card) that you want to cancel, you can transfer it down into a Freedom (and keep your Ultimate Rewards points). Just make sure that you transfer your points to a card you’re going to keep BEFORE you cancel!
Quarterly Chase Freedom categories – 2015
The other nice part of the Freedom card is that they have quarterly bonuses, where each quarter, you earn 5% back in a select number of categories. The Q2 bonus is 5% on restaurants. So you won’t have to worry about “First Friday Dining!!!” <sly grin> because every day will be 5% dining!!! 😀
I’m curious to see if there will be any developments on the “and more” for Q2 – we’ll have to keep an eye on that. Remember that the bonus is good on the first $1500 of spending, so up to 7500 Ultimate Rewards. Any spending you do over and above $1500 will just earn the regular 1%.
The link to activate your Chase Freedom 5% is here!
There’s no downside to activating early, so I recommend going ahead and activating. Note that you won’t earn 5x points on restaurants with your Chase Freedom card until April 1st, so for the rest of March you’ll want to still use your Freedom card at Grocery stores, movie theaters and Starbucks (if you haven’t already maxed out your $1500 in spend for Q1)