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The 20,000 point sign-up bonus (double the usual offer) for the Chase Freedom will end on December 17, 2014.
Chase Freedom is 1 of my favorite no annual fee cards because of the 5X Chase Ultimate Rewards point categories.
And because you can transfer your points to partner airlines and hotels when you have the Chase Sapphire Preferred, Ink Plus, or (no longer offered) Ink Bold.
But should you rush to apply now?
A Good Time to Apply, but Don’t Panic!
Link: Chase Freedom
The increased sign-up bonus of 20,000 points ($200) will end on December 17, 2014. Normally, the bonus is 10,000 points ($100), so this is a good deal.
But don’t worry! In the past, Chase has increased the sign-up bonus a few times a year.
So if you miss it this time around, you should be able to apply for the increased bonus in 2015. Although I can’t guarantee it!
Why I Like This Card
Link: Chase Freedom
You’ll get 20,000 Chase Ultimate Rewards points with the Chase Freedom after you spend $500 in the 1st 3 months.
And each quarter, you’ll earn 5 Chase Ultimate Rewards points per $1 you spend on rotating bonus categories, up to a maximum of $1,500 per quarter total.
So you could earn an extra 30,000 Chase Ultimate Rewards points per year (7,500 points per quarter X 4 quarters in a year), or $300 cash back if you spend $1,500 each quarter in bonus categories.
Folks who already have the card are earning 5X Chase Ultimate Rewards points at Amazon, Zappos, and select department stores this quarter.
You can NOT transfer Chase Ultimate Rewards points earned from the Chase Freedom directly to travel partners.
But if you also have the Chase Sapphire Preferred, Chase Ink Plus, or Chase Ink Bold (no longer available) card, you can transfer your points to 1 of those cards FIRST, then to airline, hotel, or rail partners, like United Airlines or Hyatt.
|Chase Ultimate Rewards Airline Transfer Partners|
|Aer Lingus||British Airways||Flying Blue (Air France/KLM)|
|Southwest||United Airlines||Virgin Atlantic|
|Chase Ultimate Rewards Hotel Transfer Partners|
The increased 20,000 point ($200) sign-up bonus on the Chase Freedom card will end on December 17, 2014. You’ll get the bonus after you spend $500 in the 1st 3 months.
These offers come and go, so if you don’t get the higher bonus now, don’t panic. It should come back in 2015.