UPDATES:
  • You can now register for the Chase Freedom 5% Q3 2022! The categories are: 
    • Gas Stations
    • Rental Car Agencies
    • Movie Theatres
    • Select Live Entertainment

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 simply 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 at once 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 that 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% Q3 2022 Bonus Categories & Activation Link

    • Valid from July  1 - September 30, 2022
    • 5% Bonus Categories for this quarter are:
      • Gas Stations
      • Rental Car Agencies
      • Movie Theatres
      • Select Live Entertainment
    • Must activate the offer by September 14, 2022, to earn the 5% bonus
    • Direct Link to Activate

    Chase Freedom 5% Q2 2022 Bonus Categories & Activation Link

    • Valid from April 1 - June 30, 2022
    • 5% Bonus Categories for this quarter are:
      • Amazon.com
      • Select streaming services.
    • Must activate the offer by June 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 Q2 2022

    It is recommended that you 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. 

    Amazon

    • Amazon is a famous online shopping center, and any purchases via Amazon.com are included in this category. 
    • Amazon.com carries many products, from digital downloads to items sold through the Amazon marketplace, and services such as Amazon Prime subscriptions are all included in this category. 
    • For those of us who enjoy buying gift cards, you can find a lot of gift cards on Amazon. You can reload your Amazon gift card balance, purchase Amazon gift cards or other gift cards to places like Best Buy, Texas Roadhouse, Starbucks, Bath & Body Works, Uber, DoorDash, Hotels.com, Southwest, Visa, etc. These purchases are all eligible for the Amazon category. 
    • A word of caution about purchases from Amazon's Whole Foods Market as data points shows that those purchases are excluded from Chase's Amazon category. 
    • Chase Freedom cards earn Chase Ultimate Rewards (UR) points that you can redeem to shop with Amazon. Here's how you do this:
      • If you have not linked your Chase Freedom card with Amazon to use the Shop With Points feature, you can link and enroll your card here
      • Look for Amazon Shop With Points promotions available for Chase Ultimate Rewards points and enroll in the offer. Amazon Shop With Points Promotions and Offers
      • Once your Amazon account is registered for a particular Shop With Points promotion, you can simply use just 1 Chase point to pay for some parts of your Amazon purchases and have the remaining balance charged to your Freedom card. This will allow you to stack the Amazon Shop With Points discounts and earn a 5% bonus on any remaining balance at the same time. 

    Select Streaming Services

    • Only subscription services paid for with the following select merchants will qualify for this offer: 
      • Disney+, Hulu, ESPN+, Netflix, Sling, Vudu, Fubo TV, Apple Music, SiriusXM, Pandora, Spotify, and YouTube TV.
    • If you are paying month to month for subscription services mentioned above, you can switch your payment method to have it charged to your Chase Freedom card instead. 
    • If there's a streaming service that you have been wanting to get to watch your favorite TV shows, sports, or movies, you should consider using your Chase Freedom to pay for the subscription plan and earn a 5% cashback bonus. Plus, you can also signup for one of those selected streaming services through a cashback portal such as Ebates/Rakuten and earn more cashback in addition to Chase 5%. Here are Ebates/Rakuten cashback samples for selected streaming services:
      • Disney+ annual subscription - $12.50 cash back
      • Disney+, Hulu and ESPN+ Bundle - $8 cash back
      • Hulu - $1 cash back
      • ESPN+ - Up to $10 cash back
      • Sling - Up to $15 cash back 
      • Apple Music - $4 cash back 
      • SiriusXM - Up to $5 cash back
      • Pandora - $7.50 cash back
    • For example, you want to signup for the Disney+ streaming service. If you do not have Ebates/Rakuten account, you can join for free. If you join and spend $, you will receive an additional $ bonus plus the 5% bonus from Chase. Here's how you would do it:
      • Activate your Chase Freedom 5% bonus categories first. Click here to activate
      • Go to Ebates/Rakuten portal site. 
      • Sign in with your account. If you do not have an account, you can join for free. Plus, after you join and spend $, you will get an additional $ bonus from Rakuten. 
      • Search for the Streaming Service that you want to signup for. **Do not go to the streaming service website directly if you want cashback from Rakuten. 
      • Click Shop Now. 

    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