The Chase Freedom Flex and Freedom Unlimited are offering a 5x grocery bonus to new cardholders, but it ends in less than a month
This article is brought to you by the Personal Finance Insider team. It has not been reviewed, approved, or otherwise endorsed by any of the issuers listed. Some of the offers you see on the page are from our partners like Citi and American Express, but our coverage is always independent. Terms apply to the offers listed on this page.
- The Chase Freedom Flex℠ and Chase Freedom Unlimited® are currently offering new cardholders 5% cash back (5x Chase Ultimate Rewards points) at grocery stores (excluding Walmart and Target) for the first year, on up to $12,000 in spending.
- That's in addition to a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening (20,000 Chase Ultimate Rewards points).
- There's now an end date for the 5x grocery bonus — these offers are only available until January 13, 2021.
- You can transfer points from the Chase Freedom Flex℠ and Chase Freedom Unlimited® to other Chase cards like the Chase Sapphire Preferred® Card, and unlock more lucrative redemption options.
- Read Business Insider's guide to the best cash-back credit cards.
The Chase Freedom Flex℠ and Chase Freedom Unlimited® rank high on our list of best cash-back credit cards for many reasons, including a valuable welcome offer and opportunities to earn lots of bonus rewards on everyday spending, without an annual fee.
With either card, you'll earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening, plus 5% cash back on up to $12,000 in purchases at grocery stores (not including Target and Walmart) for the first year.
However, this offer won't be around for much longer. We now know the 5% cash-back bonus on grocery spending will end on January 13, 2021.
Chase Freedom Flex℠
It's worth applying before the offer changes, because if you max out the grocery bonus, you'll earn another $600 cash back over the first year. That's a hefty haul for purchases many of us would make anyway, and a big boost over the standard welcome offer.
Even if you don't spend the full amount, earning 5x rewards at the supermarket is one of the best credit card grocery deals available right now. Combined with earning 5% back on travel booked through Chase and 3% back on dining (including takeout) and drugstores, the Chase Freedom Flex℠ and Chase Freedom Unlimited® are great picks for those who are staying close to home during the pandemic.
With the Chase Freedom Flex℠, you can also activate your card to earn 5% cash back in bonus categories that rotate every quarter, on up to $1,500 in combined spending (then 1% back). Until December 31, this includes Walmart and PayPal, and for Q1 2021 (January through March), you'll earn the bonus on internet, cable, and phone services, wholesale clubs, and streaming services.
If you'd rather not fuss with too many bonus categories, the Chase Freedom Unlimited® is a better choice. You'll earn a minimum of 1.5% back on all purchases (5% on travel booked through Chase, 3% on drugstore purchases and dining, and 1.5% on everything else), which is a solid rate of return for a no-annual-fee card.
Chase Freedom Unlimited®
However, if you have multiple Chase Ultimate Rewards cards, you can combine your points in a single card account. For example, if you have the Chase Sapphire Preferred® Card, Chase Sapphire Reserve®, or Ink Business Preferred® Credit Card, you can transfer Ultimate Rewards points to one of these cards from your Chase Freedom Flex℠ or Chase Freedom Unlimited®.
This is a savvy move, because these three cards unlock the ability to transfer points to Chase airline and hotel partners, like United Airlines and Hyatt. You'll also have more redemption categories available through Pay Yourself Back (grocery stores, dining, home-improvement stores, and eligible charities with the Chase Sapphire Preferred® Card and Chase Sapphire Reserve®, or select online advertising and shipping expenses and eligible charities with the Ink Business Preferred® Credit Card).
Plus, you'll get more value when you redeem for travel through the Chase portal or Pay Yourself Back. With the Chase Sapphire Preferred® Card and Ink Business Preferred® Credit Card, you'll receive a 25% bonus — or 1.25 cents per point — and the Chase Sapphire Reserve® gets you 50% more, or 1.5 cents per point.
To learn more about the best credit card combinations for maximizing rewards, check out our guides to pairing the Freedom and Sapphire cards and earning the most cash-back without an annual fee.
Jasmin Baron is an associate editor at Personal Finance Insider, where she helps readers maximize rewards and find the best credit cards to fit their lifestyles.
Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. What you decide to do with your money is up to you. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.
Source: Read Full Article