Freedom 5% Categories for 2014 Announced

Chase Freedom has named its 5% cash back categories for 2014.

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Each quarter, you can earn 5x Ultimate Rewards per dollar on your first $1,500 in the bonus categories as long you register your Freedom card. Max out the $1,500 each quarter, and you’ll earn 30,000 Ultimate Rewards.

That’s on top of the current sign up bonus of 20,000 Ultimate Rewards after spending $500 in three months on the card.

I am hoping to get the full 30,000 Ultimate Rewards on my Freedom in 2014. Quarter 2 will be the easiest because I eat out a lot, but quarters 1, 3, and 4 should be easy too since gas stations and sell a ton of things.

Each quarter, I’ll remind you to register for Freedom’s category bonuses. (Sign up to receive one free daily email every morning with all of the day’s posts!) If that’s not enough reminder, you can even have the cash back calendar added to your calendar at the click of a button inside the email sent to Freedom cardholders.Screen Shot 2013-12-06 at 6.09.24 PMFirst quarter registration opens December 15, 2013.

Redeeming Ultimate Rewards

Freedom earns non-transferable (to airlines or hotels) Ultimate Rewards that can be redeemed for 1% cash back, so 5x Ultimate Rewards is 5% cash back. If you plan to redeem your Ultimate Rewards that way, I am so glad you are reading this post.

Do not redeem your Ultimate Rewards for cash back!

Instead transfer your Freedom’s Ultimate Rewards to your Sapphire Preferred, Ink Bold, or Ink Plus account inside your account.

1. Sign into and click on the Ultimate Rewards balance on the right side of your screen.

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I’m at zero because I already transferred!

2.Click Manage Ultimate Rewards and Combine Points.

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3. Enter your other card’s credit card number, and how many points you want to transfer.

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From your Sapphire Preferred, Ink Bold, or Ink Plus account, you can transfer to United, Hyatt, Southwest, and many more airlines and hotels. Transferring points should allow you to get far more than 1 cent per point of value.



7 Responses to Freedom 5% Categories for 2014 Announced

  1. Can you post a link to apply for this card?

  2. Pingback: Freedom 5% Categories for 2014 Announced | mile tweets

  3. You trf Chase Freedom to Ink Bold from Ultimate Reward. Aren’t you leaving 7% dividend on the table?

  4. Interesting read! I really want to travel and using points to redeem flights is an awesome way to do it. I already have a Chase Freedom card; I looked into the two Sapphire cards and found that Sapphire Preferred has an annual fee. Chase Sapphire, on the other hand, does not. Will I still be able to transfer these Ultimate Reward points to the normal Sapphire card to redeem travel miles? Would love your advice!

    • No, the only three cards that allow you to transfer to airlines/hotels are Sapphire Preferred, Ink Bold, and Ink Plus. I recommend the Sapphire Preferred over the Sapphire for this and other reasons.

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