How I Plan to Maximize Chase Freedom’s 5% Categories
I wanted to give you my plan of attack for the Chase Freedom’s 5% categories for the 3rd Quarter. While this isn’t as valuable as the very easy to achieve 2nd quarter you should be able to max it out with proper planning.
This isn’t a one size fits all game so I will give some other suggestions as well.
Chase Freedom 3rd Quarter 2018
The categories for Chase Freedom this quarter is the standard summer quarter for Chase.
- Gas Stations does not include merchants that do not specialize in selling automotive gasoline; for example, truck stops, boat marinas, oil and propane distributors, and home heating companies.
- Lyft payments.
- Walgreens purchases.
This one will not be as easy to hit at last quarter for most (thank you PayPal!). But there are still ways to get it done outside of regular spend at these retailers. I personally don’t use Lyft so that is off the table for me. If you do use them then that will work out nicely for you.
CLICK HERE to compare this and other travel rewards credit cards.
Visa/3rd Party Gift Cards at Walgreens
This one is a little tricky since not all Walgreens allow gift card purchases with a credit card. But I have a feeling that this is where a lot of people will start, and finish, their quarterly spend. I am going to try to avoid Visa gift cards this quarter to save on the fees and use it as a last resort.
This is a very viable option for the quarter but I probably won’t spend much time in Walgreens. It is the one place I find worse than Walmart :).
Low hanging fruit is to simply fill up your gas tank with the Chase Freedom card. But most of us don’t spend $500 a month on fuel. Good thing there are other options at gas stations.
I will be on the lookout for gift card deals at my local gas stations. Much like Speedway’s current promo, why could that not have been next month?!? With these deals you can usually find profitable gift cards, earn 5X Chase Ultimate Rewards with the Freedom card, and earn gas station rewards points. That is what I call stacking!
You can also just purchase 3rd party gift cards for personal use. My local store sells Amazon & eBay gift cards and I get Speedy Reward points for the purchase.
One area where most people could benefit though is grocery chains that have gas stations as well. Those of you with a Meijer store know what to do ;). As long as those code as gas stations (most should but do a test sample purchase first) you can purchase store gift cards to use on groceries etc. This opens up the quarter to a whole other area that is a large expense for most people. Earning 5X on your gas & grocery purchases should get it done!
While not as easy as last quarter hopefully I gave you a few ideas on how to max out this quarter. The Chase Freedom Card is a great tool and way to rack up Ultimate Reward points and that is why I labeled it the one card everyone should get.
I will be spending my $1500 in the third quarter at the gas stations (and grocery stores with my trick). Where do you plan on doing your spending?