With 2021 underway, there's a new set of rotating bonus categories available for two Chase Freedom cards.
If you have either of these top credit cards, you can now activate your bonus categories for this quarter. You'll then earn 5% back on up to $1,500 of spending in those bonus categories. Of course, to maximize your bonus category spending, you need to know where you can earn extra rewards.
From Jan. 1 through March 31, 2021, Chase offers the following rotating bonus categories:
If you're wondering what purchases qualify for the bonus rate, check the Chase Freedom FAQs. In the "Earning Your 5% Cash Back" section, Chase answers what type of purchases are included in each bonus category. It also has a full list of eligible streaming services (it's not a lengthy list, but the major providers are there, including Netflix, Disney+, Hulu, and Spotify).
You can activate bonus categories with Chase on the Chase Bonus page. Simply enter your last name, the last four digits of your credit card number, and your ZIP code, then click "Activate Your 5%."
Note that if you have multiple Chase Freedom cards with rotating bonus categories, you must go through the activation process with each of them.
The remaining categories of the cash-back calendar will be released throughout the year.
Since 5% is a very high rewards rate, you should try to spend as much as is reasonable for you in Chase's rotating bonus categories. If you spend $500 per month, you'll max out your bonus rewards by reaching the $1,500 spending cap for the quarter. That earns you $75 cash back (which you can also turn into 7,500 Chase Ultimate Rewards® points if you have a Chase travel card).
You shouldn't, however, overspend just because you're earning 5% back. The best approach is to fit as much of your regular expenses as possible into those bonus categories. Here are a few pointers that can help:
The original Chase Freedom only offers rotating bonus categories. As the upgraded version of that card, the Chase Freedom Flex℠ offers more. It also earns:
Chase has one more card in its Freedom lineup, the Chase Freedom Unlimited®. If you have that card, there are no rotating bonus categories to activate. Instead, it offers 1.5% back on all non-bonus purchases. That's more than the 1% back offered by the other Chase Freedom cards.
One thing all the Chase Freedom cards have in common is impressive bonus rewards. If you have the Chase Freedom or the Chase Freedom Flex℠, then it's important to activate those bonus categories and start getting more back.
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.
Copyright © 2018 - 2021 The Ascent. All rights reserved.