Chase Freedom is a Credit Card
With a credit card, you can carry a balance and accrue interest if necessary. Note this is not advised by me. The points game does not work well, if you are carrying a balance and accruing interest. See #4 in Let’s Get Started To Earning Free Travel.
Earn Cash Back Or Ultimate Rewards Points
Your Cash Back Rewards are tracked as points in the Chase Ultimate Rewards program. Each penny in Cash Back Rewards earned is equal to 1 point. As indicated below, your points can be redeemed for cash back or any of the other redemption opportunities provided through Chase Ultimate Rewards if you also have the Chase Ink Business Preferred, Chase Ink Plus, Chase Sapphire Preferred or Chase Sapphire Reserve. A minimum of 2,000 points is needed to redeem for cash back. Learn about the Chase Ultimate Rewards Program here.
A Little More Of A Sign-Up Bonus
Earn Points on Spending
1. Earn 5 points per dollar on up to $1,500 spent in bonus categories each quarter. (A maximum of 7,500 bonus Ultimate Rewards points). There are new categories every three months like gas stations, restaurants and Amazon.com. It’s free and easy to activate your bonus each quarter! See current quarter Cash Back Calendar.
2. Earn 1 Ultimate Rewards point per dollar on everything else you buy. Unlike above, there are no limits on how much you can earn.
Earn Extra Points
Getting Cash Back For Your Points
If you prefer to use your points for cash, click “Use Points” in the top navigation, and select “Get Cash Back” from the drop down. You can use your points for cash through an account statement credit or electronic deposit into an eligible U.S. checking or savings account. It may take up to 3 business days for your cash to post to your account.
Using Your Chase Ultimate Rewards Points For Travel
The Points Mom And The Chase Freedom