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Start Earning 5X Points (5% Cash Back) at Restaurants and Lowe’s With Chase Freedom

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    You can now earn 5X Ultimate Rewards points (5% cash back) at restaurants and Lowe’s home improvement stores when you use your Chase Freedom card.

    You’ll earn the bonus for up to $1,500 in purchases this quarter, for a maximum of 7,500 Chase Ultimate Rewards points or $75 cash back.

    But you have to activate the bonus to earn the extra points.  You can activate any time until June 14, 2014, and still get bonus points for all your spending this quarter.

    What’s the Chase Freedom Card?

    Link:   Chase Freedom

    Link:   Activate the Chase Freedom 5X Categories 

    Emily and I love the Chase Freedom card because it’s easy to earn 5X the number of Ultimate Rewards points (up to $1,500 or 7,500 points a quarter) for purchases we would make anyway.  You now get an extra 2,500 points for adding an authorized user who makes a purchase within 3 months.

    The 5X bonus categories change every quarter.  If you spend $6,000 a year ($1,500 X 4 quarters) you’ll get 30,000 Ultimate Rewards points or $300 cash back.

    The Chase Freedom is a fee-free card, so it’s a good card to keep for a long time.  This can increase your length of credit history and improve your credit score.

    Improve Your Credit Score By Keeping Fee-Free Cards Long Term

    You can redeem the points earned for cash back, or transfer points to the Chase Sapphire Preferred, Chase Ink Bold, or Chase Ink Plus.  From there, you can transfer points to airlines and hotels like United, Southwest, Hyatt, and IHG hotels.

    Transfer Ultimate Rewards Points to Hyatt and Stay at the Hyatt Regency Maui

    Double Dipping Is OK!

    Don’t forget to register your Chase Freedom card with your favorite Rewards Network dining program to earn even more miles and points when you eat at participating restaurants!

    Earn Extra Miles and Points With Your Favorite Airline or Hotel

    And folks report using the Chase Ultimate Rewards shopping portal to earn extra points at Lowe’s for online purchases.

    Bottom Line

    Today is the 1st day to start earning 5X points (5% cash back) at restaurants and Lowe’s using your Chase Freedom card.  But you have to activate the bonus before June 14, 2014, to get the points.

    What will you do to make the most of this quarter’s bonus?

    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! :)