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Update: These categories expired on December 31, 2015.
I’ve kept this card a long time because of these ongoing bonuses and because there’s no annual fee!
So I’m excited that Chase has bumped up their welcome offer for new Freedom cardholders to 15,000 Chase Ultimate Rewards points (worth $150 in cash back.) It was previously 10,000 points.
But I don’t use my Chase Ultimate Rewards points for cash back, I use them for Big Travel with Small Money! I’ll show you how you can too.
I’ll explain why I love this card and how you can get the most out of the points you’ll earn for signing-up!
What’s the Deal?
You can now earn 15,000 Chase Ultimate Rewards points ($150) when you sign-up for the Chase Freedom card and spend $500 on purchases within the 1st 3 months of opening your account.
Other perks include:
- $25 (2,500 Chase Ultimate Rewards bonus points) when you add an authorized user and make a purchase in the first 3 months of opening your account
- 5% cash back (5X Chase Ultimate Rewards points) on up to $1,500 in combined spending in rotating categories each quarter when you activate the bonus!
This card charges 3% in foreign transaction fees for each transaction in US dollars. So it’s NOT a good option for folks looking for a credit card to use while traveling abroad.
You’ll never have to worry about deciding whether or not to keep this card, because there’s NO annual fee. So it will help you build a long-term relationship with Chase. Which is 1 of the keys to getting approved for more Chase cards in the future!
Frequently Asked Questions About the Chase Freedom Card
Here are answers to common reader questions about the Chase Freedom.
1. What If You Weren’t Instantly Approved?
Try calling Chase. Sometimes they just need a few more details to complete your application. You should also give them a call if you were recently approved for a lower offer. Chase has excellent customer service and they’re often happy to match you to the current offer.
2. How Long Will It Take for the 15,000 Chase Ultimate Rewards Points to Post to Your Account?
Many folks get the bonus points credited to their account once their statement closes after they complete the minimum spending.
3. Can You Get the Chase Freedom Card Again?
Chase has told some folks they won’t approve their application if they have ~5 new cards (from ANY bank) within the last 24 months. But there are exceptions to this rule.
So this rule is NOT set in stone. If you’re relatively new to our hobby and haven’t applied for a lot of cards, I wouldn’t worry too much about this.
What Can You Do With 15,000 Chase Ultimate Rewards Points?
You can redeem Chase Ultimate Rewards points for cash back at 1 cent per point. So the 15,000 points you’ll earn after you complete the minimum spending on the Chase Freedom is worth $150 in cash back.
But here’s what I do.
I combine the points I earn with the Freedom card with my Chase Sapphire Preferred. Because when you have Chase Sapphire Preferred, Chase Ink Plus, or Chase Ink Bold, you can get more from your points by transferring them to airline and hotel partners.
Chase Ultimate Rewards partners include:
|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|
For example, you could transfer your 15,000 Chase Ultimate Rewards points to Hyatt at a 1:1 ratio for a 1 night stay at the MGM Grand in Las Vegas. This stay could otherwise cost you ~$250.
Another great option is transferring them to British Airways at a 1:1 ratio.
This could save you ~$300!
Some folks like to be able to fly whenever they want without worrying about blackout dates.
So in this case, they can transfer their points to fly on Southwest. Or, (because they also have a Chase Sapphire Preferred, Ink Plus, or Ink Bold) they can book flights through the Chase Ultimate Rewards travel portal at 1.25 cents per point.
With this card you can earn 5X Chase Ultimate Rewards points (on up to $1,500 in spending) in rotating categories each quarter. And there’s NO annual fee. So you never have to cancel, which helps build a long-term relationship with Chase.
Having the Chase Sapphire Preferred, Ink Bold (no longer available), or Ink Plus will get you even more from the Chase Ultimate Rewards points you earn. That’s because you’ll be able to transfer your points to partners like Hyatt and British Airways for Big Travel!
Do you plan on signing-up for this new offer?