Maximize Chase Freedom 2Q Categories
The Chase Freedom (my review) is one of my favorite cards. Not only does it come with no annual fee, but it offers a chance to earn up to 7,500 Ultimate Rewards points each quarter with its 5x bonus categories.
While I love the opportunity to earn 5x, it isn’t always easy. Some quarters have really tough bonus categories and others are really easy to maximize. (For example, grocery stores in Q1 were super simple!)
Restaurants & More!
The Chase Freedom’s second quarter categories aren’t bad either. During April, May & June you can earn 5x at restaurants, Bed Bath & Beyond, Overstock.com and H&M. I’m sure most people look straight at the restaurants category and overlook the other stores.
For some people spending $1,500 in restaurants isn’t difficult, while for others it may be. In our family we have 3 Freedom cards and we simply don’t spend $1,500 per month at restaurants, so it is difficult to maximize.
Earning 5x with Gift Cards
Fortunately Trevor over at Tagging Miles may have found a workaround. Apparently some Bed Bath & Beyond stores sell $200 pin-enabled Visa gift cards for a $6.95 fee! While the fee is high, it still makes sense to me given the value of the points earned.
I read his article a few days ago and made a point in the back of my mind to stop in at a Bed Bath & Beyond when I had a chance. Today was that day.
Unfortunately I quickly found out that my store doesn’t carry anything but iTunes and Bed Bath & Beyond gift cards. This makes me sad.
Give it a Try & Strategy
Since you aren’t guaranteed to be able to purchase Visa gift cards, I would recommend making a mental note to stop in a Bed Bath & Beyond when you find yourself nearby. You should already have your Freedom card in your wallet, since it is the best restaurant earning card around right now.
I think the optimal strategy would be to wait until close to the end of June to see how much you spent at restaurants so you can purchase just that amount of gift cards. Of course, things can always change before now and then so you may want to do this sooner as well.
So I hoped to be able to share better news and photos from my adventure today, but that didn’t happen. I still think it is worth taking a peak inside to see if you can find any of these magical cards!