Chase Freedom card holders have anxiously (?) been awaiting the announcement of which categories of spending will receive 5% Cash Back during 2012. Wait no longer:
Q1: Amazon.com and Gas Stations
Q2: Grocery Stores and Movie Theaters
Q3: Gas Stations and Restaurants
Q4: Airlines, Hotels, BestBuy and Kohls
Remember that you have to activate the promo each quarter (you can do that here) and that you can earn the cash back on up to $1500 in spend per quarter (ie, $75 cash back).
Instead of getting the cash back, the 5% rebate can be taken in the form of Freedom points. I mention this only because if you also have a Chase Sapphire Preferred card you can transfer those Freedom points into your Ultimate Rewards account. In other words, you can get 5 Ultimate Rewards points per dollar spent in the above categories, up to 7500 points per quarter.
Discover the best way to increase your Chase credit card rewards points at Creditcardsguidance.com.