From April 1 to June 30, you can earn 5 Ultimate Rewards per dollar using your Chase Freedom at restaurants. You must activate your bonus categories here to earn the 5x.
On top of that, Chase is offering 5,000 Ultimate Rewards for each person that existing cardholders refer to the Chase Freedom card. You can earn up to 50,000 Ultimate Rewards from this promotion, and I’ll embed some readers’ referral tweets in this post, so more people have a chance to earn referral bonuses.
I know the category bonus says “5% cash back” and the referral offer says “get $50 cash back for each friend.” This is only because Chase insists on marketing Freedom as a cash back card. In point of fact, Freedom earns Ultimate Rewards, which can be redeemed for cash, and I am correct in saying that you will earn 5 Ultimate Rewards per dollar at restaurants and 5,000 Ultimate Rewards per referral.
Why You’d Want to Get the Freedom
The Chase Freedom comes with 10,000 Ultimate Rewards after spending $500 in the first three months.
Most people get the card not because of the sign up bonus, but because of the rotating 5x categories. Every three months, you can get 5 Ultimate Rewards per dollar in new spending categories on your first $1,500 of spending. Max out the categories each quarter, and that’s 30,000 Ultimate Rewards per year. For April to June, the 5x categories are restaurants, Bed Bath & Beyond, H&M, and overstock.com.
The Ultimate Rewards earned on a Freedom are not transferable to airlines or hotels. That’s why to get maximum value from a Freedom, you need to have a Sapphire Preferred or Ink Plus. Transfer the Ultimate Rewards from your Freedom to one of those cards, and then you can transfer the Ultimate Rewards from your Ink Plus or Sapphire Preferred 1:1 to United, British Airways, Korean, Southwest, Virgin Atlantic, Hyatt, Amtrak, and more.
The Freedom has no annual fee.
Here’s my referral link to earn me Ultimate Rewards if you get a Freedom:
— MileValue (@MileValue) March 26, 2015
How can you earn up to 50,000 Ultimate Rewards?
1. Go to Chase Refer a Friend and type in your info.
2. Underneath the email and name boxes, look for “Or spread the word even faster:” and click the twitter icon.
Follow @milevalue and tweet your referral link tweet with an @milevalue.
4. I’ve embedded few in this post, so that people can click those links and earn readers Ultimate Rewards.
— TJS (@tjs198) March 27, 2015
— CP (@csp213) March 26, 2015
— Gaurav Khanna (@GK160) March 26, 2015