Chase has increased the bonus on the Chase Freedom card from $100 to $200 after you spend $500 in 3 months (application link here). A bit of a refresher on the Freedom card:
- There’s no annual fee, which makes it a great card to just keep open to help with your credit score (you earn points on your score for having open, unused credit. You also earn points for having credit open for a longer period of time. Because there’s no fee, you can just keep it open forever).
- It’s 1% cash back on everything, though they offer rotating categories each quarter where you can earn 5% (it’s Restaurants and Lowe’s for this quarter – you max out at $1500 spend, or $75 bonus cash back).
- If you have a Chase Ink Bold, Chase Ink Plus, or Chase Sapphire Preferred, you can get 20,000 Ultimate Rewards points (in lieu of $200 straight cash back).
There used to be 35,000 point bonus offers floating around for this card years ago, but 20,000 points is as good as it’s been for the past couple of years. If you were waiting, I’d go for this (assuming it fits in your churn schedule).