Browse Tag: Credit Cards

Update: Chase Freedom Announces 5% Cash Back Categories for Q3 18

Financial IndependenceLast year, we wrote about our decision to begin using a Chase Freedom credit card with 5% cash back on purchases in rotating categories every quarter.

Because Chase Freedom offers only 1% cash back on purchases that do not fall into the special categories, and the 5% cash back incentive applies only to the first $1,500 in qualifying purchases every quarter, we still do most of our spending on our Fidelity Rewards card that offers 2% cash back on all purchases.

That said, adding the Chase Freedom credit card into the mix has proven to be a Smart Financial Decision for the ROMT family.

Since we started using the Chase Freedom card last spring, our family has received about $375 in extra cash back and sign up incentives!

Not a bad payoff for a brief online application and spending a few seconds to make sure we are using the right credit card when making purchases!

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Update: Chase Freedom Announces 5% Cash Back Categories For Q4 17

Financial IndependenceEarlier this year, I wrote about our attempt to optimize our credit card usage to maximize potential rewards.

Since we aren’t frequent travelers, I focused on finding a card with attractive cash back features, rather than a card with great perks for world travelers. We signed up for a Chase Freedom Credit Card in the spring, which has been a smart financial decision thus far.

As a reminder, Chase Freedom offers 5% cash back on up to $1,500 in purchases in specific spending categories each quarter, and 1% cash back on everything else. Our Fidelity Rewards card offers 2% cash back on all purchases.

To date, we’ve earned $260 in cash back since getting the Chase Freedom card, including sign up bonuses, but the pace at which we earned rewards from our new card slowed dramatically during the third quarter.

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Update: Chase Freedom Announces 5% Cash Back Categories for Q3 17

Credit CardLast month, I wrote about our Smart Financial Decision to sign up for the Chase Freedom Credit Card.

As a reminder, Chase Freedom offers 5% cash back on up to $1,500 in purchases in specific spending categories each quarter, and 1% cash back on everything else. Our Fidelity Rewards card offers 2% cash back on all purchases.

We’ve now maxed out our spending on groceries, the current 5% cash back category for Chase Freedom, so we’ve switched back to our Fidelity Rewards cards for all of our spending.

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