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Reminder: Go to the Grocery Store to Maximize Chase Freedom 1Q Bonus & Some Easy Math

Shawn Coomer
Shawn Coomer

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Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Links in this post may provide us with a commission.

chase freedom 1st quarter 2015

1st Quarter Bonuses Ending Soon

This is just a friendly reminder that you have only 8 days remaining to use your Chase Freedom at a grocery store, Starbucks or a movie theater in order to earn 5% cash back on those purchases. (Or 5x Ultimate Rewards points if you have a Sapphire Preferred (my review) or Ink Plus/Bold card.)

On a side note: the same applies for the Citi Dividend 1Q bonus at Macy’s and Home Furnishing Stores (yawn) and Discover It (my review) at Gas & Ground Transportation (better).

The Chase Freedom

chase freedom 1st quarter 2015

For those who don’t know, the Chase Freedom card (my review) has different categories that pay back 5% every quarter. This quarter the big category is grocery stores, which is really good since they are very easy to manufacture spend at. (Not to mention many people spend $1,500 at grocery stores in three months anyway.)

Last week when I asked people how they manufacture spend, the most common answer was grocery stores. Just about everywhere in this country it is possible to walk into a grocery store and purchase a $500 gift card for $5.95. These cards can then be loaded to Bluebird/Serve at Walmart or even REDbird at Target.

Since the Freedom’s 1Q bonus is capped at $1,500 in spending, don’t go overboard, but don’t leave money on the table. If you were to purchase 3 x $500 gift cards for $1517.85, you would receive 7,518 points or $75.18 in cash back thus resulting in a profit of AT LEAST $57.33.

I don’t redeem my points for cash back though. After several years of doing this, I conservatively value my Ultimate Rewards points at 1.7 cents each. So for me, maxing out my Freedom card means a profit of $109.96. Definitely worth a quick trip to the grocery store.

Conclusion

I personally have two Freedom cards and while I have already maxed out one of them, the other has been sitting silently in my credit card book. With time running out, I think I better get to the grocery store sooner rather than later. It may have to wait though, because something else takes priority today!

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

 Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card is the old king of travel rewards cards. Right now bonus_miles_full

Learn more about this card and its features!

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Shawn Coomer
Shawn Coomerhttps://milestomemories.com/
Shawn Coomer earns and burns millions of miles/points per year circling the globe with his family. An expert at accumulating travel rewards, he founded Miles to Memories to help others achieve their travel goals for pennies on the dollar. Shawn also runs a million dollar reselling business, knows Vegas better than most and loves to spend his time at the 12 Disney parks across the world.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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At Miles to Memories we share the best tips, tricks and deals plus travel rants, musings, hotel, airline and loyalty program reviews and a lot more! Our goal is to help people save money so they can get out there and travel the world! Through our various blog posts, podcasts & videos we teach others how to maximize loyalty rewards, hotel & airline programs and credit cards to achieve amazing things.

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