Chase Freedom 5X Cash Back on Grocery Stores
You can now activate your Chase Freedom 5X Cash Back on Grocery Stores (NOT including Walmart and Target purchases) and Wholesale Clubs (such as BJs and Sams Club). Although you can activate now, the promotion kicks in on April 1st and you have until June 30th to earn 5% cash back on up to $1,500 in combined purchases at these stores.
You can activate your card now through this link and all you need is your last name, last 4 digits of your card, billing zip code and your email.
The Freedom card is a great sidekick to the Chase Sapphire Preferred card because it allows you to combine your points and then transfer them to airline and hotel programs which gives you better value per point. If you use the points for cash back, you’ll only get 1 cent/point in value. However, when you redeem your points for travel with Ultimate Rewards transfer partners, you can get a much higher value per point.
Having a $0 annual fee card like the Freedom card is not only great for how rewarding it is. It is also great for your credit score. Since it is a $0 fee card, you can keep it open forever which increases the average age of your accounts. This is one of the fundamental factors that affect your credit score.
If you don’t have the Chase Freedom card you can apply for it here. This is a great – $0 annual fee – card to always have in your wallet for the rotating quarterly 5% cash back promotions. It is also a great supplement to the Chase Sapphire Preferred card in order to be able to transfer Ultimate Rewards points to several airline and hotel programs.
If you have any questions please tweet me @pointspointers or email me at firstname.lastname@example.org