Chase Freedom Card Relaunches with More Flexible Rewards Formula
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Last year Chase launched its Freedom Card with much fanfare, touting the ability to easily move between cash back rebates and reward points programs, as well as offering 3% back/3 points per dollar on gas, supermarket and fast food purchases. Chase has now announced “the next generation” of Chase Freedom, with a more flexible rewards formula that offers 3% back on your three biggest spending categories each month. By doing so, Chase eliminates a cardholders’ need to remember which categories pay greater rewards while simultaneously increasing the likelihood of the card being used.
Chase Freedom cardholders will now earn the 3% back/triple points in whichever three categories they do the most spending in. The 3% adjustment is made automatically, and the 3% rebate categories can change each month. The 15 categories of spending established for the rebates include: gas stations/convenience stores; grocery stores; department stores; drug stores; fast food and quick service restaurants; movie theaters; movie rentals; dry cleaners; health clubs & gym memberships; beauty salons and spas; pet supply stores and veterinarians; mass transit and local commuter expenses; telecommunications; utilities; and cable/satellite TV and Internet bills.
One other perk of the Freedom Card that has not changed is of interest to those who choose the cash back option. For every $200 earned in cash rebates, Chase tacks on another $50 free.
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