(Last Chance) Earn $200 Bonus Plus 5x on Groceries with Chase Freedom Cards

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Earn $200 Bonus Plus 5x on Groceries with Chase Freedom Cards

Chase has release new improved offers for the two Freedom credit cards. Until now you could get a $200 bonus for spending $500 within three months. That part of the welcome bonus is still there, but now you will also earn 5x on groceries for the first year, up to $12,000. Let’s take a look at the offers.

UPDATE 12/17/20: These increased offers will be pulled on 1/13/21.

Chase Freedom Unlimited

  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn 5% cash back on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year.
  • Earn unlimited 1.5% cash back on all purchases.
  • 0% Intro APR for 15 months from account opening on purchases
  • No annual fee.
  • LEARN MORE

Chase Freedom Flex review

Chase Freedom Flex

  • Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.
  • Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate.
  • 1% cash back on all other purchases
  • 0% Intro APR for 15 months from account opening on purchases
  • No annual fee
  • LEARN MORE

Analysis

The $200 bonus is small compared to most other welcome bonuses that we are used to. That is the reason that most people get Chase Freedom cards after product changing from other premium Chase cards.

But the added bonus 5X earning on grocery purchases could make this worthwhile for some people. You earn a total of 5X points which would be an extra 3.5X for the Chase Freedom Unlimited and an extra 4X for Chase Freedom on $12,000 in purchases during the first year. Target or Walmart purchases are not included.

Most people probably have a card that earns bonus spend on groceries. But an added option for $12K spend and considering that you are earning Ultimate Rewards, is not bad at all. You could look at this as a 60K bonus with $12K spend, but you would also have to consider what you would earn on groceries with other cards that you already have.

Conclusion

These bonuses on the Chase Freedom cards are as good as it gets when it comes to a no fee card. If you have been thinking of applying, then this is the time to do it. However, you can still get better bonuses with other credit cards, even if they have an annual fee.

Let us know what you think of these improved offers!

DDG
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last two years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

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