Chase Freedom 5 Cash Back Calendar: Your Ultimate Guide

Introduction

If you are looking for a credit card that offers rewards on your purchases, then Chase Freedom might be the right choice for you. One of the best things about this card is the Chase Freedom 5 Cash Back Calendar. In this article, we will discuss everything you need to know about it.

What is Chase Freedom 5 Cash Back Calendar?

Chase Freedom 5 Cash Back Calendar is a program that offers 5% cashback on purchases in specific categories for a particular quarter. Every quarter, Chase announces the categories that are eligible for 5% cashback. You need to activate the categories to start earning cashback.

How to Activate the Categories?

You can activate the categories by logging in to your Chase account or through the Chase Mobile App. You can also activate the categories by calling the number on the back of your card.

What are the Categories for 2023?

The categories for 2023 are not announced yet. However, in 2022, the categories were as follows:

• January – March: Gas Stations, Internet, Cable and Phone Services
• April – June: Grocery Stores, Home Improvement Stores
• July – September: Restaurants, PayPal
• October – December: Department Stores, Select Streaming Services

How Much Cashback Can You Earn?

You can earn up to $1500 in cashback every quarter. Once you reach the limit, you will not earn any more cashback for that quarter.

Benefits of Chase Freedom 5 Cash Back Calendar

Here are some benefits of using Chase Freedom 5 Cash Back Calendar:

• You can earn cashback on purchases you make every day
• The categories change every quarter, so you can maximize your rewards
• You can redeem the cashback for statement credit, direct deposit, or gift cards
• There is no annual fee for the card

Drawbacks of Chase Freedom 5 Cash Back Calendar

While there are many benefits of using Chase Freedom 5 Cash Back Calendar, there are also some drawbacks:

• You need to activate the categories every quarter to earn cashback
• There is a limit of $1500 in cashback every quarter
• The categories may not always align with your spending habits
• There is a foreign transaction fee of 3% for purchases made outside the US

Conclusion

Chase Freedom 5 Cash Back Calendar is an excellent program that can help you earn rewards on your purchases. However, it is essential to understand the categories and activate them every quarter. If you are looking for a credit card that offers rewards, then Chase Freedom might be the right choice for you.

Question and Answer

Q: Is there an annual fee for Chase Freedom?

A: No, there is no annual fee for Chase Freedom.

Q: Can you use Chase Freedom outside the US?

A: Yes, you can use Chase Freedom outside the US, but there is a foreign transaction fee of 3%.

Q: How can you redeem the cashback?

A: You can redeem the cashback for statement credit, direct deposit, or gift cards.