![]() If you have another Chase card in the Ultimate Rewards ecosystem, you can transfer the cash back into UR which can increase your valuation. ![]() You will receive the $200 sign up bonus once you reach the minimum $500 spend in the first three months. Your first year will be the most valuable. Luckily, with the CF there is no year after cost because there is no annual fee. In order to do that, we break down the value into two parts: the initial sign up and the cost to sustain every year after. Interested in applying? Click here to apply for the Chase Freedom and get a sign up bonus valued at $200.Īt the Points Passport, we like to make the value proposition of the cards we review easy to understand. If you are looking to supplement your Chase Sapphire in categories other than travel and dining look no further! The CF is a free option to add more rewards on those rotating categories such as gas stations. Simply contact Chase and downgrade your annual fee card into the free CF card. If you are no longer getting value out of your Chase Sapphire Reserve ($450 AF) or Chase Sapphire Preferred ($95 AF), and no longer want to pay their annual fees, you have a free downgrade path to the CF. As you can see, the CF is not a "go to" kind of card for every purchases if you are trying to optimize rewards. You have to activate the 5% categories on a quarterly basis on the Chase website as well as keep track of your spending to take advantage of those specific categories, keeping in mind the $1,500 spending cap. The tricky thing about the CF is that it requires a little extra work. Essentially, if you utilize this points transfer method you could be making upwards of 7.5% back on purchases in the rotating categories. The UR can then be transferred to your other Chase cards redemption accounts, such as a the Chase Sapphire Reserve which provides a 50% UR redemption bonus. Since Points Passport is all about the points and all about the miles why would we recommend this seemingly cash back card? Luckily, Chase allows you to transfer the cash back you've earned into Ultimate Reward points (UR). ![]() The current sign up bonus for the CF is $150 after you spend only $500 in the first three months of opening the card. After the cap is met, you will only earn 1% cash back, per dollar spent regardless of the category. The cash back is limited on only the first $1,500 spent per category, per quarter, bringing the maximum reward earning per quarter to $75. Basically, money that you would be spending anyway! As of Q1 2019 the categories include: gas stations, drug stores, and tolls. Historically, the 5% rotating categories tend to be on everyday expenses such as restaurants, supermarkets, drug stores, gas stations, and department stores. The CF is a no annual fee card that earns 5% cash back on quarterly rotating categories. In fact, the CF was one of my first credit cards, meaning I'll be holding onto it for the rest of my life to keep my average credit age nice and old. ![]() The Chase Freedom, commonly referred to as the "CF", is one of the most popular beginner credit cards and is a solid foundation to begin your credit journey. No Annual Fee - Free downgrade option from the CSP or CSRĠ% intro APR for 15 months - Solid beginner credit cardĥx Ultimate Rewards Points on Lyft purchases 5% cash back or 5x Ultimate Rewards Points for quarterly rotating categories - Complicated earning structure
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