Last week I told you about Chase Freedom’s increased sign up bonus. You’ll get $150 if you spend $500 in first 3 months the card is open. Plus $25 if you add an authorized user. That’s a grand total of $175! Never annual fee. 1% cash back on every purchase. 5% cashback on purchases in categories that change every quarter. No brainer!
Click on “Chip’s Favorite Credit Card Offers” at the top right side of this website. Once on that page, click Cash Back. It’s the 5th card down. Email me if you have any questions.
Hot New Offer!
You know those 5% cash back categories I mentioned? Chase has decided to double it to 10% starting today through December 31st. This is for combined purchases up to $1,500 at Amazon, Zappos, Audible.com and Diapers.com.
If you have already been using your Freedom card at those stores and getting 5% cash back since October 1st, Chase is resetting your quarterly bonus maximum amount starting today. Their fine print FAQs say:
“On November 23, we will reset your quarterly bonus maximum dollar amount so you can earn 10% cash back on up to $1,500 in new combined purchases in this quarter’s bonus categories regardless of what you’ve spent prior to November 23.”
If you have already activated your Freedom card for the 5% categories, you don’t need to do anything else to get 10% now through year end.
Daddy Needs Some New Shoes
My plan is to buy myself a $1,000 e-gift card with my Freedom card. Two minutes later, my e-gift card will show up in an email. I will click to redeem it to my Amazon account. Then I will have $1,000 in credit at Amazon. When my Chase Freedom statement drops, I will get 10,000 points for that Amazon purchase, which I can instantly redeem for $100.
Chase Freedom is a pretty sweet card – RIGHT NOW more than ever. It is the Visa I carry in my wallet. Never an annual fee.
If you are an Amazon user, consider this!
- Apply for the Chase Freedom card, adding an authorized user
- Spend $500 on an e-gift card at Amazon
- You will have satisfied the $500 spending requirement to get $150 + $25
- Plus you will get 5,000 points (redeemable for $50) for your gift card purchase
At the end of the day, you will have made $225. Your $500 Amazon gift card will have cost you only $275 ($500 – $150 – $25 – $50 = $275).
You cannot have had this card in the past 24 months.