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Freedom Rings at Costco: Earn Up to 22,500 Chase Points in 2016 With 5X Bonus at Wholesale Clubs!

Freedom Rings at Costco: Earn Up to 22,500 Chase Points in 2016 With 5X Bonus at Wholesale Clubs!

Million Mile SecretsFreedom Rings at Costco: Earn Up to 22,500 Chase Points in 2016 With 5X Bonus at Wholesale Clubs!Million Mile Secrets Team

Great news!  The Chase Freedom card is extending the current 5X bonus at wholesale clubs, like Costco, Sam’s Club, and BJ’s, through the end of 2016!

That means you can earn up to 22,500 Chase Ultimate Rewards points total ($225 cash back) for spending $1,500 each quarter through 2016 for items you were going to buy anyway!

Freedom Rings At Costco Earn Up To 22,500 Chase Points In 2016 With 5X Bonus At Wholesale Clubs
Earn 5X Bonus Chase Ultimate Rewards Points (5% Cash Back) at Warehouse Clubs Like Costco Through the End of 2016 With the Freedom Card!

Here’s more about the extended bonus and how to get the most from the deal!

Chase Freedom Adds Wholesale Clubs to 3rd & 4th Quarter 5X Bonus Categories

Link:   Chase Freedom

Link:   Activate the Chase Freedom Bonus Categories

The folks at Chase let us know that wholesale clubs will be included in Chase Freedom’s 3rd and 4th quarter 5X bonus categories this year.

So you can earn 5 Chase Ultimate Rewards points (5% cash back) per $1 on up to $1,500 in spending at Costco, Sam’s Club, and BJ’s, each quarter…for the rest of 2016!

Just don’t forget, TODAY, June 14, 2016, is the last day to activate the 2nd quarter bonus at warehouse clubs and grocery stores.

And you MUST activate the bonus each quarter to qualify for the 5X Ultimate Rewards points bonus.

Remember, Costco will begin accepting Visa cards (like the Chase Freedom) on June 20, 2016.

So, if you spend the maximum of $1,500 each quarter at wholesale clubs through the rest of the year, you’ll earn 7,500 Chase Ultimate Rewards points or $75 cash back each quarter.  That’s a total of 22,500 Chase Ultimate Rewards points ($225 cash back) in 2016 (5X points X $1,500 x 3 quarters)!

What Does NOT Earn 5X at Wholesale Clubs

The Chase Freedom site specifically outlines the 5X bonus.  It does NOT include gas, fuel, or wholesale club service purchases like travel, insurance, cell phones, and home improvement.

Drat!  But I’ll likely do fine buying groceries and cat essentials for Joelle. 🙂

The Chase Freedom Card

With the Chase Freedom card, you can earn 15,000 Chase Ultimate Rewards points ($150 cash back) as a sign-up bonus after meeting minimum spending requirements.

And you’ll also get another 2,500 Chase Ultimate Rewards points ($25 cash back) when you add an authorized user who makes a purchase in the same timeframe.

You can read my review of the card here.

Just remember, Chase now has stricter application rules.  So if you’ve opened ~5 or more credit cards (from any bank) in the past 24 months, it’s unlikely you’ll be approved for any Chase Ultimate Rewards points-earning card.   But remember, AMEX small business cards don’t show up on your personal credit report!

How to Use Freedom’s Sign-Up Bonus

You can read my post on how to get $225 worth of flights with the Chase Freedom sign-up bonus.

And how to use it for Big Travel on Southwest, United Airlines, American Airlines, and at Hyatt hotels.  But remember, you can only transfer Chase Ultimate Rewards points to airline and hotel partners if you have a Chase Sapphire Preferred, Ink Plus, or Ink Bold (no longer available).

Don’t forget, tomorrow, June 15, 2016, you’ll be able to activate Chase Freedom’s 3rd quarter bonus categories, which will include wholesale clubs & restaurants.  And don’t worry, you won’t invalidate this quarter’s bonus by activating another.

If you’re looking for more ideas, check out my post about the best cards to use wholesale clubs!

If you liked this post, why don’t you join the 25,000+ readers who have signed-up to receive free blog posts via email (only 1 email per day!) or in an RSS reader …because then you’ll never miss another update!

Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel.
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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Aside from sitting down and adding up every Restaurant / Wholesale Club transaction, does anyone know an easy way to see how far along you are in getting to the $1,500 threshold?

Maybe too late for your question, but no, where is no way to know what exactly you are at after your last statement. Because things could happen after you use your card. i.e. the place changes their business type, you return, order cancel/reverted, amount changed(tip added). Even after your statement is out, the amount still could be changed. like if you return an item after the cut off day, you can the amount back, but the purchase you made last month has already give you cash back, and according to my experience, they don't take that back. Meaning that technically you can get $75 per quarter without actually buy anything. But Chase will definitely notice this action.

Is it 5% on $1500 for Grocery for the 2nd Qtr and another 5% on $1500 for Wholesale Clubs (i.e. Costco) for the 3rd Qtr

@DH, Was till the end of June. But it was extended to the end of 2016. Next quarter category also includes wholesale clubs.

@ David, YES you can use Costco giftcards for gas at their pumps. You don't even need to swipe any membership crudentials i.e. your costco card.

Mary: Costco has ended their relationship with American Express. They are now collaborating with Citi and will now accept Visa credit cards starting 20, 2016.

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