UPDATES:
  • Chase Freedom 5% Q4 2022 is now live from October 1 - December 31, 2022. The categories are: 
    • Walmart
    • PayPal

The Chase Freedom Flex Credit Card and the old discontinued Chase Freedom Credit Card offer a 5% bonus of up to $1,500 in combined purchases in bonus categories each quarter. You will earn 7,500 Chase Ultimate Rewards (UR) points if you can max out this offer. I value Chase points at 1.6 cents per point when combined with Chase's flexible points earning credit card, so 7,500 points are worth about $120. If you just want simple cash back, 7,500 Chase points are equivalent to $75. 

How to Maximize Chase Freedom 5% Bonus Categories
Photo Credit: Chase
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    Can You Have Two Freedom Cards and Earn a 5% Bonus Twice Per Quarter?

    Chase bank does not allow you to have two Freedom Flex credit cards simultaneously with new applications. However, you can have multiple Freedom Flex cards if you can product change from another Chase credit card. For example, you already have a Freedom Flex credit card. You can downgrade your Chase Sapphire Preferred Credit Card to a Freedom Flex credit card, allowing you to have two Freedom Flex credit cards and earn 5% in bonus categories on each card. 

    Furthermore, if you have the old Chase Freedom (not available for new applicants) and Chase Freedom Flex Credit Card, you can have both cards at once and earn 5% in bonus categories on each credit card. This will increase the maximum amount of Ultimate Rewards points you can earn by 5% to a total of $3,000 per quarter ($1,500 max per card). You must activate the 5% bonus offer on both credit cards below. 

    Chase Freedom 5% Q4 2022 Bonus Categories & Activation Link

    • Valid from October 1 - December 31, 2022
    • 5% Bonus Categories for this quarter are:
      • Walmart
      • PayPal
    • Must activate the offer by December 14, 2022, to earn the 5% bonus
    • Direct Link to Activate

    How to Activate Chase Freedom 5% on Chase Mobile App

    • Launch Chase mobile app and log into your account. 
    • Tap on an eligible Chase Freedom credit card. 
    • Scroll down until you see the 5% cashback section. 
    • Tap on the See details & activate
    • Simply tap on Activate button to activate the 5% bonus category, and you're done!

    How to Maximize Chase Freedom 5% Bonus Categories For Q4 2022

    You should try to do organic spending as much as possible. You have 3 months to take advantage of this 5% bonus categories offer, so there's no need to rush things. 

    Walmart

    • Walmart is a vast warehouse where you can find just about anything to buy.
    • Walmart also sells various types of gift cards too. 
    • Online and in-store purchases, including Walmart gas, are eligible. 
    • Purchases from the following Walmart places are eligible:
      • Walmart Discount Stores
      • Walmart SuperCenters
      • Walmart Neighborhood Markets
      • Walmart.com
      • Walmart branded gas stations operated by Walmart
      • Walmart Pay
    • The following purchases are NOT eligible:
      • Non-Walmart merchants operating within or on Walmart premises, including merchants that sell fast food, beauty services, and gas stations that are not Walmart branded
      • Walmart-affiliated merchants, including Sam's Club
      • Local delivery merchants such as Shipt
    • Walmart recently changed how it codes for Walmart grocery pick-up transactions, and therefore, you may not earn the Chase Freedom 5% bonus. I would suggest that you try to avoid this if you can. If not, make a small purchase first to make sure. 

    PayPal

    • Several online stores accept PayPal now these days. Hotels, Airbnb, airlines, department stores, etc., all have an option to accept PayPal as a payment method.
      • For a list of online stores that accept PayPal, you can go here
    • Walmart online also accepts PayPal, but you cannot double-dip this.
    • You need to make sure you add your Chase Freedom card to your PayPal account and use it to pay for your online purchases. 
    • For those of us that enjoy buying gift cards, you can find a lot of discounted gift cards on eBay and buy them via PayPal. 
    • PayPal Key feature has been discontinued by PayPal since March 1, 2022. Here's the FAQ on how the announcement if you're interested. 
    • Chase makes it clear that "Friends and Family or Person-to-Person (P2P) transactions made with your Chase Freedom card on PayPal may be prohibited or not eligible for 5%."
    • Xoom transfer payments are also NOT eligible. 
    • You can earn 5% while supporting our blog site through the secured PayPal if you appreciate the content here. We really appreciate it. Thank you!

    How to Track Your Chase Freedom 5% Bonus Spending 

    • Sign in to your Chase account online
    • Click on your Chase Freedom or Chase Freedom Flex credit card.
    • You should now see 5% cashback towards the top. Click on Details.
    • You will see your spending progress bar there. 
    How to Track Your Chase Freedom 5% Bonus Spending

    How to Verify If A Purchase Qualifies For Chase Freedom 5% Bonus Category

    I applaud Chase technology for this. Chase makes it really simple to find out how many reward points you earn from a purchase once the transaction is posted without having to wait until your credit card's statement is closed:
    • Via Chase online or the Chase app, log in and click on your Chase Freedom or Chase Freedom Flex credit card. 
    • Click on the purchase or transaction in question. 
    • Scroll down until you see the Total points under Rewards earned with this transaction