The second quarter of 2016 (April 1st until June 30) is a very quarter to be a Chase Freedom credit card holder. Their 5% Cashback Promotion is Grocery Stores and Wholesale Clubs. The usual limit of $1500 per credit card applies. If you spend more than $1500 in these two categories per individual card, you will earn the usual 1% for amounts over $1500. You still get 5% for the first $1500 per card.
There are some restrictions as usual. The grocery stores do not include Walmart or Target. The wholesale clubs do not include services or travel or insurance and such. Check the FAQ on the Chase website for all the restrictions. If you are not certain about a specific store, don’t be shy, contact their customer service! Better to know than not to 🙂
One nice thing Chase does with their quarterly rewards is that it allows you retroactive activation. For this quarter, you have until June 14 2016 to activate. All purchases from April 1st on-wards will earn the rewards even if you activate in June. But it’s better to activate now, because you will get the rewards faster 🙂
TIP: If you don’t regularly spend $1500+ in those categories, there’s another way to make the most of this offer, gift cards from grocery stores. You buy gift cards for some of the places you regularly shop at, effectively getting a 5% discount. Make sure you don’t overbuy, and avoid any companies that may be on the brink of extinction 🙂
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