Chase Freedom Card $200 Bonus – Earn 5% Cash Back + No Annual Fee

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Learn more about the new Chase Freedom Flex card.

The Chase Freedom FlexSM offers a $150 bonus after you spend $500 on purchases in your first 3 months from account opening. 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 19.24% - 27.99%. You'll earn: • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter! • 5% cash back on travel purchased through Chase Travel?, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more • 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service • Unlimited 1% cash back on all other purchases You cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back. This card has no annual fee. Click here to learn how to apply

Looking for the perfect go-to cash back credit card? Your search ends here with the all-in-one Chase Freedom^® card. Continue reading our review of Chase Freedom card to learn about the $150 bonus.

Get a chance to earn a Chase Freedom bonus of $150 after spending at least $500 on purchases in your first 3 months from account opening! Best of all, this card has no annual fee! Read on to see why this is the best all-around card to have in your wallet! Learn more about the Chase Freedom card below.

In addition to the welcome bonus, this card earns Ultimate Rewards Points. For instance, it is 15,000 Ultimate Rewards points with this bonus. Furthermore, if you pair the Chase Freedom card with a higher tier Ultimate Rewards card, those 15,000 Ultimate Rewards points can be worth up to $300.

In addition, you can also earn 5% cash back on up to $1,500 in combined purchases in bonus categories every quarter you activate to participate! Consequently, the thing about this card is that it keeps you excited with it’s new 5% bonus categories each quarter. All you have to do is make sure you see what categories are in which quarter and activate them to participate.

If you didn’t get points for a certain category, you’re still automatically earning 1% cash back on all other purchases. Consequently, this seemingly simplistic card is the gateway to earning cash back on purchases you’d never get back elsewhere.

We’ll review the Chase Freedom bonus offer and ongoing cash back below.

Chase Freedom Summary

Redeeming With The Chase Freedom Card

The $150 bonus cash with the Chase Freedom card comes in the form of Ultimate Rewards points. You can redeem your bonus as a $150 statement credit, or via gift cards, merchandise, travel, etc. Redeeming for cash back in the form of statement credits is simple. Furthermore, you’ll get a great value with this, so we recommend going this route. The only exception to this is if you’re using the multi-card strategy with Ultimate Rewards for better redemption value.

While the 5% cash back on quarterly rotating categories is great, it may not be that appealing to users looking for a simple flat rate on their purchases. You’ll have to keep up with the categories every quarter not only because they change, but because you actually have to activate the bonus category each quarter before you’ll earn that bonus rate.

Plus, you’ll only earn the 5% in that category on up to $1,500 in purchases, or $75 max that quarter. You can potentially earn $300 in cash bonuses over the course of the year, but that means spending at least $1,500 in the bonus categories each and very quarter.

Chase Freedom 5% Cash Back Categories

Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Chase likes to announce its 5% bonus cash back categories before each quarter. Keep up with them by bookmarking our reviews and activate your 5% here!

• First Quarter 5% Categories (Jan – Mar)
• Second Quarter 5% Categories (Apr – June)
• Third Quarter 5% Categories (July – Sept)
• Fourth Quarter 5% Categories (Aug – Dec)

Bonus categories for 2018:

• Q1 2018: January – March: Gas Stations, Internet/Cable/Phone Services, Chase Pay, Android Pay, Apple Pay, Samsung Pay
• Q2 2018: April – June: Groceries, PayPal, Chase Pay
• Q3 2018: July – September: Gas stations, Walgreens, and Lyft
• Q4 2018: October – December: Wholesale Clubs, Department Stores, and Chase Pay

Bonus categories for 2019:

• Q1 2019: January – March: Gas Stations, Tolls, and Drugstores
• Q2 2019: April – June: Grocery Stores(excludes Target and Walmart), Home Improvement Stores
• Q3 2019: July – September: Gas Stations, Select Streaming Services
• Q4 2019: October – December: Coming Soon

Chase Freedom Card Benefits

The Chase Freedom® Card is the go-to card for these reasons:

1. Bonus cash back. Every quarter, earn a huge 5% cash back bonus in select categories that people usually spend a lot of money on. Consequently, this is the most notable feature of this card. For instance, categories in the past have included gas stations, grocery stores, restaurants, drugstores and wholesale clubs. Furthermore, you’ll earn 1% cash back for all other purchases that fall out of the featured categories.
2. Introductory APR. The Chase Freedom® comes with a 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR will apply. Furthermore, the introductory rate can give you time to pay off a big purchase or consolidate your debt onto one card.
3. Easy redemption. Redeem your rewards for cash back for your choice of a statement credit, direct deposit, gift cards, or a paper check.
4. Accepted worldwide. Not all cards are accepted everywhere, but if you’re out of the U.S., the Chase Freedom® is accepted almost all over the world. This will serve you well if this is the credit card you’re carrying.
5. No annual fee.
6. Shop online for better rewards. If you shop through Chase’s online shopping portal, you can earn even more cash rewards, ranging from 1% to 15%, depending on the merchant, at select online retailers. The list of merchants changes from time to time, so be sure to check back.
7. Rewards don’t expire as long as your Chase Freedom® account remains open.

Chase Freedom Card Pitfalls

You may not like the Chase Freedom® Card due to these reasons:

1. Keeping up with the rotating rewards categories. The most you can get back at the 5% level is $75 per quarter since you’re capped at $1,500 on combined purchases in the bonus categories. Then, you’ll earn 1% cash back for the remainder of the quarter. If you’re not into rotating reward categories, consider the Blue Cash Everyday® Card from American Express.
2. Quarterly sign ups. You must sign up to activate the rewards each quarter. Set a notification on your phone or in your calendar so you’ll remember to sign up to reap the 5% bonus categories. However, if that sounds like a hassle, you may want a credit card that has a more consistent rewards program, like the Chase Freedom Unlimited® Card.
3. May elicit overspending habits. With this card, you may be tempted to purchase things you don’t need due to the different bonus categories each quarter just to get the higher percentage of rewards. I know I can’t tell you that you can’t make those purchases, but be aware and remember to have self-control.
4. A foreign transaction fee. If you’re a frequent traveler, the 3% foreign transaction fee may turn you away. Consequently, consider the Chase Sapphire Preferred® Card if you’re looking to convert your Chase points to a participating travel program. Furthermore, if you don’t want to play the points and airline miles game, consider the Barclaycard Arrival Plus® Card and earn 2x miles on every purchase.
5. High credit requirement. If you have low or don’t have good credit, you may not be able to qualify for this card. In other words, Chase usually requires good to excellent credit for their cards.

Chase Freedom Cash Back

The Chase Freedom^® is a great card that has a lot of amazing features. In other words, earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Furthermore, it’s quite easy to activate the cash back feature. This way, it’s fresh in your mind of what cash back possibilities lie in the next quarter!

Each quarter you can reap the benefits from new 5% categories every 3 months such as gas stations, restaurants, wholesale clubs, and much more. Consequently, if you’re worried about shopping at categories outside the bonus category, you’ll automatically receive unlimited 1% cash back on all other purchases.

In short, this has amazing cash back categories on top of your Chase Freedom bonus offer.

Chase Freedom Online Shopping Cash Back

Perhaps the best benefit of using the Chase Freedom^® is that cardholders can earn up to 10% cash back when they go online and shop at select merchants through Chase Ultimate Rewards^® shopping portal. Consequently, within this shopping portal you’ll find tons of merchants that will aid in your online shopping habit.

Don’t lose out on maximizing your cash back earnings by shopping outside of shopping portals, especially with the Chase Freedom^®, you’ll be earning while you hit checkout on your online shopping spree!

Ultimate Rewards Transfers

We haven’t yet accounted for the unlimited amount of 1 points earned for each $1 spent on all other purchases. You can begin to understand how you can earn more money back in your wallet. Consequently, through Chase Ultimate Rewards®, points can also be redeemed for Amazon purchases, gift cards, and travel. Furthermore, be sure to use Shop through Chase® to earn 1% – 15% extra cash back at more than 200 popular retailers online.

Transfer Rewards to Chase Sapphire Preferred® – Reward points earned with Chase Freedom® can be transferred to the premium Chase Sapphire Preferred® card for extra point value of 1.25 (20% discount) or the Chase Sapphire Reserve^SM card for an extra point value of 1.50. Of course, you must redeem for travel through Chase Ultimate Rewards.

Moving Chase Freedom points to either Chase Sapphire card will also allow you to further transfer those points to Chase partners at a 1 to 1 ratio. For instance, those who travel often will appreciate the added value of this benefit.

In addition, this could potentially make your rewards worth more. Consequently, this will depend on your booking criteria. For instance, it’s always best to compare a travel booking with Chase’s partners versus directly through the Ultimate Rewards portal. That is to say, we’ve seen points getting a value of 2 cents each (15,000 points = $300) with some booking scenarios with these partners.

In short, here are the Chase Ultimate Rewards transfer partners.

Bottom Line

If you’re intrigued by a no annual fee and an amazing cash back credit card, sign up to get the Chase Freedom^® bonus today! In other words, you can earn an easy $150 bonus after spending $500 on purchases in your first 3 months from account opening. In addition, participate in exciting quarterly cash back categories!

This beats all other cash back credit cards due to the higher cash back percentage PLUS the sweet bonus you’ll earn with your new card. Consequently, hurry and sign up for this card and head over to check out other credit card offerings exclusively here on HMB! Furthermore, see our list of promotions from Chase Bank!

To sum up, check back and find the latest updates for Chase Freedom bonus, offer, and promotion.

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Hustlermoneyblog has partnered with CardRatings for our coverage of credit card products. Hustlermoneyblog and CardRatings may receive a commission from card issuers.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.