The third quarter of 2016 is looking to be another hot one for Chase Freedom Rewards member. Their 5% cashback categories, with the usual $1500 purchase cap, are Restaurants and Wholesale Clubs which includes Costco, Sam’s Club and BJ’s. As usual, restaurants include a variety, from fast food to fancy restaurants, and in previous iteration, this also included some semi-restaurants, like Starbucks.
You can begin earning these 5% rewards between July 1st and September 30 in 2016. You can activate the promotion now, but the earnings in these categories begin July 1st.
Strategically this works great, because for the second quarter (ending June 30, 2016), you are earning 5% at Restaurants with Discover and Grocery Stores and Wholesale clubs with Chase. In other words, the Wholesale club promotion continues this quarter as well.
NOTE that for WholeSale Clubs, certain purchases (gas/fuel and specialty services) are NOT eligible. If not sure, contact Chase or do a trial-and-error thing by doing the math on your statement.
If you have multiple Chase Freedom credit card, each one has a limit of $1500 in purchases. In other words, the maximum reward you will earn from this promotion during a calendar quarter is $75 (5% of $1500). Any orders above $1500 in those categories will simply earn the usual 1% cashback. So if you have multiple cards, strategically split your orders between them if you are anywhere near the quarterly limits.
UPDATE: Chase has a list of eligible Restaurants, of interest if you are wondering whether your favorite chain stores are eligible. Independent and individual restaurants are NOT listed there but they are eligible.
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