Join over 5,000 people who are subscribed to receive a once daily email with all of our posts. Never miss out! Click here to subscribe.
Want more info? Come join our Travel Hacking & Reselling Facebook communities to get the answers!
1st Quarter Bonuses Ending Soon
This is just a friendly reminder that you have only 8 days remaining to use your Chase Freedom at a grocery store, Starbucks or a movie theater in order to earn 5% cash back on those purchases. (Or 5x Ultimate Rewards points if you have a Sapphire Preferred (my review) or Ink Plus/Bold card.)
On a side note: the same applies for the Citi Dividend 1Q bonus at Macy’s and Home Furnishing Stores (yawn) and Discover It (my review) at Gas & Ground Transportation (better).
The Chase Freedom
For those who don’t know, the Chase Freedom card (my review) has different categories that pay back 5% every quarter. This quarter the big category is grocery stores, which is really good since they are very easy to manufacture spend at. (Not to mention many people spend $1,500 at grocery stores in three months anyway.)
Last week when I asked people how they manufacture spend, the most common answer was grocery stores. Just about everywhere in this country it is possible to walk into a grocery store and purchase a $500 gift card for $5.95. These cards can then be loaded to Bluebird/Serve at Walmart or even REDbird at Target.
Since the Freedom’s 1Q bonus is capped at $1,500 in spending, don’t go overboard, but don’t leave money on the table. If you were to purchase 3 x $500 gift cards for $1517.85, you would receive 7,518 points or $75.18 in cash back thus resulting in a profit of AT LEAST $57.33.
I don’t redeem my points for cash back though. After several years of doing this, I conservatively value my Ultimate Rewards points at 1.7 cents each. So for me, maxing out my Freedom card means a profit of $109.96. Definitely worth a quick trip to the grocery store.
I personally have two Freedom cards and while I have already maxed out one of them, the other has been sitting silently in my credit card book. With time running out, I think I better get to the grocery store sooner rather than later. It may have to wait though, because something else takes priority today!
This post may contain referral, affiliate or sponsor links that provide Miles to Memories compensation. Thank you for your support.