(Its Back!) Chase Freedom Cards, $200 Bonus Plus 5X on Groceries

Chase Freedom Cards, $200 Bonus Plus 5X on Groceries

Chase has brought back two popular offers for its 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 the new offers also get you 5x on groceries for the first year, up to $12,000. Let’s take a look at the offers.

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.
• 0% intro APR for 15 months from account opening on purchases and balance transfers.
• DIRECT LINK

Card Highlights

• Earn:
  • 5% on travel purchased through Chase Ultimate Rewards.
  • 3% on dining at restaurants, including takeout and eligible delivery services.
  • 3% on drugstore purchases
  • Unlimited 1.5% cash back on all purchases.
• No annual fee.

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.
• 0% intro APR for 15 months from account opening on purchases and balance transfers.
• DIRECT LINK

Card Highlights

• Earn:
  • 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate.
  • 5% on travel purchased through Chase Ultimate Rewards.
  • 3% on dining at restaurants, including takeout and eligible delivery services.
  • 3% on drugstore purchases
  • 1% cash back on all other purchases
• No annual fee

Analysis

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

But the added bonus of 5X points 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 in your wallet.

Conclusion

These bonuses on the Chase Freedom cards are as good as it gets when it comes to a no fee credit 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, and if you plan to apply.

HT: Travel on Points

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.

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