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The Chase Freedom® 5x categories for the first quarter of 2020 are officially out. From January 1 through March 31, 2020, you’ll get 5% cash back (5x Chase Ultimate Rewards points) at gas stations, internet/cable/phone services, select streaming services with your Chase Freedom. If you spend the $1,500 maximum in bonus categories, you’ll earn 7,500 Chase Ultimate Rewards points ($75).
You must register your card to get this bonus — you can activate your card beginning December 15, 2019, and no later than March 14, 2020.
Chase Freedom bonus categories
Chase Freedom’s quarterly bonus categories are a terrific way to earn Chase Ultimate Rewards points that can be transferable to travel partners if you have the Ink Business Preferred℠ Credit Card, Chase Sapphire Preferred® Card or the Chase Sapphire Reserve®. If you make the most of your spending every quarter, you can earn $300 per year (30,000 Chase Ultimate Rewards points) in bonus-category spending alone (four quarters X $75 per quarter).
If you have the Chase Sapphire Reserve, you can pool your points on that card, which are then worth 1.5 cents each toward travel booked through the Chase Travel Portal. So that extra $300 in cash back each year could be used to pay for $450 in flights, rental cars or hotels.
We love when the Chase Freedom rotating bonus categories include gas stations. It’s super useful because it’s an expense nearly all of us have. Note that this bonus is for gas stations, not just the money you spend on gas. If you run inside for a snack, a phone charger, or most anything else, you’ll receive 5 points per dollar, as well.
This is another common expense that can earn you thousands of Chase points. I pay $250 per month for my family’s internet and phone. By switching my bill payment method to the Chase Freedom, I’ll receive 1,000 Chase points per month (3,000 points for the first quarter of the year). That’s pretty great for about 45 seconds of effort.
There is no shortage of streaming services. From Netflix to Hulu to Disney+ to Apple TV+ to CBS All Access — it’s not uncommon to pay $30+ per month for all your streaming needs. If that’s you, pay with your Chase Freedom and receive 120 points per month for Q1 of 2020.
Swapping the above three purchase to the Chase Freedom card, it’s easy to see how you could max out the $1,500 in spending to earn 7,500 Chase Ultimate Rewards points. subscribe to our newsletter for more tips on quickly earning Chase points.
Featured image courtesy of Ivan Marc/Shutterstock)