Chase Freedom Card Relaunches with More Flexible Rewards Formula
By Justin McHenry
Last year Chase launched its Freedom Card with much fanfare, touting the ability to easily move between cash back rebates and reward points programs, as well as offering 3% back/3 points per dollar on gas, supermarket and fast food purchases. Chase has now announced “the next generation” of Chase Freedom, with a more flexible rewards formula that offers 3% back on your three biggest spending categories each month. By doing so, Chase eliminates a cardholders’ need to remember which categories pay greater rewards while simultaneously increasing the likelihood of the card being used.
Chase Freedom cardholders will now earn the 3% back/triple points in whichever three categories they do the most spending in. The 3% adjustment is made automatically, and the 3% rebate categories can change each month. The 15 categories of spending established for the rebates include: gas stations/convenience stores; grocery stores; department stores; drug stores; fast food and quick service restaurants; movie theaters; movie rentals; dry cleaners; health clubs & gym memberships; beauty salons and spas; pet supply stores and veterinarians; mass transit and local commuter expenses; telecommunications; utilities; and cable/satellite TV and Internet bills.
One other perk of the Freedom Card that has not changed is of interest to those who choose the cash back option. For every $200 earned in cash rebates, Chase tacks on another $50 free.
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1.Discover® More Card - 0% APR on balance transfers for 12 months & 6 months on purchases, 5% cashback bonus in popular categories, up to 1% cashback bonus on all other purchases
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2.Chase Freedom Card - 0% Intro APR and no Annual Fee, 5% bonus cash back in popular categories , 1% cash bank on everything else
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3.Citi® Platinum Select® MasterCard® - 0% on purchases & balance transfers for Up to 18 months, APR as low as 9.99% variable. $30 statement credit.
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4.Blue Cash® from American Express - Earn up to 5% cash back on gas, groceries and drug store purchases, and up to 1.5% back on all other purchases, no annual fee, fast approval under 60 seconds
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6.American Express® Gold Card - 10,000 American Express Membership Rewards bonus points when you use the card for at least $500 in purchases within the first 3 months.
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7.TrueEarnings® Business Card from Costco & American Express - 4% cash back for annual gas purchases up to $6,000, 3% restaurants, 2% travel, 1% everywhere else, 0% APR on purchases for first 6 months
