Maximize Q3 2018 Chase Freedom 5% Cash Back . If you have a regular Chase Freedom credit card (not Freedom Unlimited) you may be aware of the 5% cash back quarterly bonus for spending up to $1,500 in specific categories each quarter. Q3 July 1-September 30, 2018 categories are: Gas stations, Lyft and Walgreens.
Register now and read all the Terms and Conditions
If you haven’t registered for this quarter you have until June 14. All of the information below is subject to change without notice. Check the websites for all participating retailers.
How to max out Q3 bonus/$75 of free money
This is another slam dunk quarter. Many people spend a lot of money on gas so if you do just shift all of your household gas charges to the Freedom for the quarter. Note that the gas station bonuses do not include Costco and Sam’s Club and more restrictions. FAQ.
Buy Gas and Walgreens gift cards: If you aren’t getting more than 5% cash back on gas and Walgreens shopping from another credit card here’s a chance to get 5% off . If you have the cash consider buying gift cards to use later in the year.
Buy third party gift cards at Walgreens: Walgreens sells gift cards for Starbucks, Nordstrom, Macy’s, Southwest, Amazon and more depending on your store. Amazon gift cards can be loaded into your Amazon gift card balance and you will get 5% off in the future. Amazon Prime Day is July 16 so this might be a great way to save an additional 5%. Walgreens also sells Visa $500 Gift cards that you can use to pay for any expenses that accepts Visa credit cards. Visa gift cards have a $5.95 activation fee but when you charge $500 x 5% cash back you are getting $25 back less the $5.95 fee. That is $19 of free money.
I have no insider knowledge but something you may want to keep in mind is that for the last couple years the Q4 bonus category has been department stores. I cannot guarantee this will happen in 2018. You just may want to focus on non-department store third party gift cards in case Q4 is department stores.
Get a Chase Freedom card and $150 bonus
If you don’t currently have the Chase Freedom apply now and you’ll earn a $150 bonus after spending $500 on purchases within the first 3 months from account opening. This card has no annual fee but does charge 3% foreign transaction fees. I generally max out at least two quarterly 5% cash back bonuses. Apply here using my referral link. Earn $150 after spending $500 on the card. Thank you in advance.
Summary to maximize the 5% cash back
- If you don’t have a Freedom Apply here using my referral link
- Activate 5% cash back on your Freedom card here. You have until July 14 to activate. You’ll earn points back to July 1.
- Use your Chase Freedom card to make all gas and Walgreens purchases.
- Make a list of third party gift cards in order to get 5%. cash back on the full $1,500. No need to rush out immediately. You have until September 30 to take advantage of this offer.
- Go shopping and save! If ordering online I would order a couple weeks early. If your merchandise ships and is charged to your credit card after September 30 you won’t get the 5% cash back.