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The Chase Freedom is offering 20,000 bonus Ultimate Rewards after spending $500 in the first three months. This is double the normal sign up bonus.

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It is also offering up to 50,000 bonus Ultimate Rewards for existing cardholders who refer their friends to the Freedom.

I have the Freedom. The sign up bonus is puny, but the card has no annual fee, and has 5x bonus categories that rotate every quarter. I got it to hold forever and to maximize the 5x category each quarter to the tune of 30,000 Ultimate Rewards per year.

  • How can you maximize category bonuses with the Freedom?
  • What card do you also have to have to maximize the value of a Freedom?
  • How can you sign up for the 20k offer while getting another 5k bonus points for someone else?
  • How can you get your referral link into this post?

Maximizing Freedom

The Freedom earns Ultimate Rewards that do NOT transfer to hotels or airlines. These Ultimate Rewards can be redeemed for 1 cent each of cash back. If you have a Sapphire Preferred or Ink Plus, though, you can transfer Freedom’s Ultimate Rewards to one of those accounts and from there to hotels and airlines. Doing this means you should easily get much more than 1 cent of value per point.

Full details on this process here.

The 4th quarter of 2014 5x categories are Amazon, Zappos, Sears, and more. Here’s how to register for those bonuses, which you can do through December 15, 2014.

Each quarter, your first $1,500 in spending in the 5x categories earn 5x Ultimate Rewards; that adds up to 30,000 points per year if you maximize the categories.

Signing Up

Here is my referral link to get the best available bonus on the card: 20,000 Ultimate Rewards after spending $500 in the first three months.

If you have a Freedom, you can get your own referral link by going to

Confirm your identity on the first page.

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On the second page, ask for a Twitter link and tweet it @MileValue. I’ll include a few tweets in this post with mine.

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Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

Just getting started in the world of points and miles? The Chase Sapphire Preferred is the best card for you to start with.

With a bonus of 60,000 points after $4,000 spend in the first 3 months, 5x points on travel booked through the Chase Travel Portal and 3x points on restaurants, streaming services, and online groceries (excluding Target, Walmart, and wholesale clubs), this card truly cannot be beat for getting started!

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