That’s a lot of points and earning potential, especially considering neither Freedom card charges an annual fee. As part of this welcome offer, both cards are also extending new customers a zero percent intro APR for 15 months from account opening on purchases. So if you have had to stretch your finances during these tough times, this extra flexibility might come in handy. Just beware that carrying a balance might negatively impact your credit score, and thus your eligibility for other credit cards or loans, over the long term.
Which Freedom card is right for you?
As their nearly identical names would suggest, the Chase Freedom and Chase Freedom Unlimited are very similar products. The main difference between them is how cardholders earn points on purchases.
Aside from the terms that are part of its sign-up offer, the Chase Freedom Unlimited earns unlimited 1.5 percent cash back (or 1.5 points per dollar) on all purchases. For its part, the Chase Freedom earns one percent cash back (or one point per dollar) on most purchases. However, it accrues five percent back (or five points per dollar) on up to $1,500 in combined purchases in bonus categories that change each quarter when you activate your account. Now through September 30, those categories including purchases from Amazon and Whole Foods Market. Previous quarterly bonus categories have ranged from gas stations and drugstores to home improvement stores and supermarkets, so the earning opportunities are diverse and easy to maximize.
You probably can’t go wrong with either option. But analyze your spending habits and pick the version that will earn you the most points on the purchases you tend to make. If you do have either the Sapphire Preferred or Sapphire Reserve, adding one of the Freedom cards to your wallet is a good way to diversify your points earning ability on a wider array of purchases.
Learn more about signing up for the Chase Freedom card here.
Learn more about signing up for the Chase Freedom Unlimited here.
Other cards to consider
While the current welcome bonuses on the Chase Freedom and Chase Freedom Unlimited make them among the most attractive rewards credit cards to use at the grocery store, some other products also offer an excellent rate of return on supermarket purchases. Here are a few to keep in mind.
The Blue Cash Preferred Card from American Express earns a whopping six percent cash back at U.S. supermarkets on up to $6,000 per year in purchases (then one percent after that cap). It also earns six percent back on select U.S. streaming subscriptions, three percent back on transit and at U.S. gas stations, and one percent on everything else. Its annual fee is $95, and it is currently offering new cardholders up to $250 back after you spend $1,000 in purchases on your new card in the first three months.
Learn more about signing up for the Blue Cash Preferred Card from American Express here.
The AmEx EveryDay Preferred Card also charges $95 per year, but earns three points per dollar on up to $6,000 per year in purchases at U.S. supermarkets, two points per dollar at U.S. gas stations, and one point on everything else. Every billing period you use the card 30 or more times, though, you get a 50 percent points bonus, which ups your earning potential tremendously.
Learn more about signing up for the AmEx EveryDay Preferred Card here.
If you are ordering takeout more than usual these days, you might want to consider the American Express Gold Card. It is currently offering 35,000 Membership Rewards points (which transfer to over 20 travel partners) after spending $4,000 on purchases in the first three months. The card accrues four points per dollar at restaurants, including takeout and delivery, as well as on up to $25,000 per calendar year in purchases at U.S. supermarkets. It earns three points per dollar on flights purchased from airlines or on Amex Travel, and one point on everything else. Cardholders can get up to $10 in statement credits per month toward purchases from various delivery services like Grubhub and Seamless among other options, and up to $100 back toward incidental fees on an airline that they designate each calendar year. The annual fee is $250.
"freedom" - Google News
August 12, 2020 at 07:07PM
https://ift.tt/3kBGJU5
The Chase Freedom Card Lets You Rack Up Points on Groceries—And Use Them for Travel - Condé Nast Traveler
"freedom" - Google News
https://ift.tt/2VUAlgg
https://ift.tt/2VYSiKW
Bagikan Berita Ini
0 Response to "The Chase Freedom Card Lets You Rack Up Points on Groceries—And Use Them for Travel - Condé Nast Traveler"
Post a Comment