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The Chase Freedom Flex℠ offers 5% cash back — or 5x points — in different spending categories each quarter of the year. You can earn 5% back or 5x on the first $1,500 you spend in combined purchases in these categories each quarter you activate.
The categories for Q4 of 2020 are PayPal and Walmart. These categories also apply to the Chase Freedom, which is no longer available to new applicants.
You have to activate the bonus categories each quarter, so don’t forget to take this step.
Q4 runs from October through December. You can activate for these upcoming bonus categories now through December 14.
See Business Insider’s list of the best rewards credit cards you can get »
With a change in seasons comes a change in the rotating quarterly bonus categories on one of our favorite cash-back credit cards: the Chase Freedom®. As a reminder, this card was recently replaced by the Chase Freedom Flex℠ , which also offers cash back on these quarterly categories. If you have the Chase Freedom already, you can either keep that card or request a switch to the Freedom Flex.
Chase’s Q4 2020 bonus categories for the Freedom and Freedom Flex cards were clearly chosen with both the ongoing coronavirus pandemic and the holiday shopping season in mind.
Q4 2020 Chase Freedom categories
Here are the bonus categories for October 1 through December 31:
You can shop at hundreds of online retailers through PayPal, and Walmart sells everything from furniture to electronics, so both of these categories should make it pretty easy to earn up to 5% back with your Freedom or Chase Freedom Flex℠ .
You need to activate the bonus categories each quarter to be eligible for up to 5% cash back on participating categories. You can activate for Q4 now through December 14 through your Chase account.
Related Product Module: Related Product Credit CardsHow Chase Freedom Flex quarterly bonus categories work
Each quarter of the year, the Chase Freedom Flex℠ and Chase Freedom® cards earn 5% back (or 5x points) on a different set of bonus categories. Activation is required, and once you hit the quarterly max of $1,500 spent in the bonus categories, your rate reverts to 1% back.
While these are technically cash-back cards, if you also have a Chase card that earns Ultimate Rewards points, like the Chase Sapphire Preferred® Card, you can combine rewards between the two cards and transfer them to travel partners. That’s why you can think of the Freedom and Freedom Flex’s bonus categories as earning you either 5% back or 5x points.
Read more: How to turn cash back into Ultimate Rewards points with Chase credit cards
You’ll earn 5% back or 5x points on up to $1,500 in combined purchases during the final quarter of the year. So if you …read more
Source:: Business Insider