Activate Chase Freedom Q2 Categories!

You can now activate your Chase Freedom Q2 categories!  There are also 16 more days to complete the spending in the Q1 bonus categories.  Make sure you keep track of the calendar and get your card activated today.

2016 Chase Freedom Bonus Categories


Activation Link HERE.

The grocery category was already easy to max out, but Chase added wholesale clubs such as Sam’s Club to the list, making it easier than ever to hit the $1,500 cap.  Remember that all gift card purchases made in grocery stores and wholesale clubs also count towards the $1,500 cap!

Chase Freedom or Freedom Unlimited?

So which card should you have, the Chase Freedom or the Freedom Unlimited?  Both!  As I posted yesterday, Chase started taking applications in-branch and by phone for the new Freedom Unlimited, which earns 1.5x Ultimate Rewards points per $1 spent.

While the new Freedom Unlimited is great for non-bonus category purchases, the Freedom gives you the opportunity to earn up to 30,000 points for spending $6,000 per year.  To earn 30,000 points with the Freedom Unlimited, you have to spend $20,000!  The bonus categories are fairly easy to maximize for most households as well.  There is definitely room for both in your portfolio, but if I had to choose just one of them, I would choose the Freedom with the 5x rotating categories.

Using Ultimate Rewards Points

Whether you have the Freedom, Freedom Unlimited or both, Ultimate Rewards points are only worth one cent each in the form of a cash back credit unless you also have the Ink Plus or Sapphire Preferred.  Those are the two cards that allow you to transfer points to the Ultimate Rewards transfer partners.

chase ultimate rewards airline transfer partners 1 chase ultimate rewards airline transfer partners 2 chase_ultimate_rewards_hotel_transfer_partnersThe current signup bonuses on all of the Chase cards are higher than the past, so as long as you can pass the 5/24 rule, apply now!

Chase Sapphire Preferred:  50,000 points for $4,000 spending in 3 months, $95 annual fee waived the first year.

Chase Freedom:  15,000 points for $500 spending in 3 months.

Chase Freedom Unlimited:  15,000 points for $500 spending in 3 months.  Applications in-branch only.

Chase Ink Plus:  60,000 points for $5,000 spending in 3 months, $95 annual fee NOT waived the first year.

If you have a Sapphire Preferred that you were planning on closing, you could also call Chase and do a product change to the new Freedom Unlimited.  You will NOT receive the bonus if you do this, but you WILL be able to get past the 5/24 rule restrictions.

The Bottom Line

Make sure you activate the Q2 bonus categories for your Freedom.  Don’t get too excited about the new Freedom Unlimited card and close your Freedom.  There is room in your portfolio for BOTH of them.