Chase Freedom 2014 5X Ultimate Rewards Points (or 5% Cash Back) Category Bonuses!

Chase Freedom 2014 5X Ultimate Rewards Points (or 5% Cash Back) Category Bonuses!

Million Mile SecretsChase Freedom 2014 5X Ultimate Rewards Points (or 5% Cash Back) Category Bonuses!Million Mile Secrets Team

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The 2014 category bonuses for the Chase Freedom credit card are out!

I love the Chase Freedom Visa because it makes it really easy to earn 5 times the number of Ultimate Rewards points (up to $1,500 or 7,500 points a quarter) for purchases which Emily and I normally make.

The Chase Freedom is a fee-free card so you can keep it for a long time.  Keeping a card for a long time helps increase your credit score and builds a history with Chase which often has the best credit card offers.

You can redeem the Ultimate Rewards points for cash back (5% cash back isn’t too shabby).  Or you can transfer the points to the Chase Sapphire Preferred, (no longer offered) Chase Ink Bold, or the Chase Ink Plus and from there to airline or hotel partners such as Hyatt or United.

The main benefit of the Chase Freedom credit card is being able to take advantage of the quarterly bonus categories which offer a 5% bonus up to $1,500 or an extra 7,500 Ultimate Rewards points per quarter for spending in those categories.

You have to activate each quarter’s category bonuses in advance to earn the 5X extra points.  You can sign-up for reminders on the Chase website, and I’ll remind you as well!

That’s 30,000 Ultimate Reward points a year for $6,000 in spending ($1,500 X 4 quarters) if you max out the quarterly bonus categories by spending in specific categories.

2014 Chase Freedom Categories:

January to March

  • Gas stations, Movie Theatres, & Starbucks

5X points for gas is pretty great by itself.  And a most gas stations sell more than just gas.

April to June

  • Restaurants & Lowes

I don’t spend $1,500 in restaurants and home improvements every 3 months.

Chase Freedom 2014 5X Ultimate Rewards Points Or 5% Cash Back Category Bonuses
5X Points for Burgers & Fries!

July to September

  • Gas stations & Kohl’s

October to December

  •,, and select department stores (great for Holiday shopping!)

This is my favorite quarterly bonus, because Amazon sells (almost) everything! So this is a great way to save on holiday shopping!

These 5X categories makes the Chase Freedom card the best Ultimate Rewards point earning card in 2014 for the quarters in which they are eligible for the 5X bonus (up to $1,500 in purchases).

Transferring Ultimate Rewards Points to Hotels and Airlines

Ultimate Rewards points from the Chase Freedom can’t be transferred by themselves to air and hotel partners.

But if you have a Chase Sapphire Preferred, the Chase Ink Bold or Ink Plus, you can combine Ultimate Rewards points from the Chase Freedom.

Here are step-by-step instructions on how to transfer points from the Chase Freedom to a card which allows you to transfer them to hotels and airlines.

Chase Freedom 2014 5X Ultimate Rewards Points Or 5% Cash Back Category Bonuses
You can Transfer Points From the Chase Freedom to Other Ultimate Rewards Cards and Then Transfer Them to Airlines or Hotels!

And then transfer them to air and hotel partners such as United, British Airways, Southwest, Hyatt, Marriott, Ritz Priority Club, Korean Air, and Amtrak at a 1:1 ratio.

Bottom Line

The quarterly category bonuses make the Chase Freedom Visa one of the best fee-free credit cards in the market.  That’s because you can earn up to 30,000 points a year by maxing out on the quarterly 5X categories.

Now if only they would eliminate the foreign transaction fee on the card!

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If you have already used up the $1,500 cap of X5 points on your card, could the additional user on the same account get another X5 points on the $1,500 they spend on their card?

I am a newbie in this game. Can i go to Ultimate Rewards portal to buy Lowes gc (5 points/quarter+additiona 5points through the portal? ) and use Lowes gc to buy other gc? Appreciate your help! and I also use your link to open an Ink Bold card for my husband, so, thank you!

@Eric, this station's transaction limit seemed to vary by cashier, from $900 to $1,000, so YMMV. I have not yet tried to buy more than a single One Vanilla...

Last week my favorite Valero station said VRs cash only, just like CVS and all the other Valero stations I've been too. However, I was able to buy a One Vanilla VGC with CC yesterday., just like CVS. Of course, Freedom not 5x at gas stations this quarter.

@Gaston How many VRs can you buy or do you buy in 1 transaction at a Valero assuming they allow CC purchase?

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