Introduction
Chase Freedom has been one of the most popular cashback credit cards in the market for many years. One of the reasons for its popularity is its rotating cashback calendar that offers bonus cashback on different categories every quarter. In this article, we will discuss the Chase Freedom 2024 cashback calendar and everything you need to know about it.
What is a Cashback Calendar?
A cashback calendar is a schedule created by credit card issuers to offer bonus cashback in different categories on a quarterly basis. The categories may vary from quarter to quarter, and cardholders can earn extra cashback on their purchases in those categories.
Chase Freedom 2024 Cashback Calendar
The Chase Freedom 2024 cashback calendar is not yet released, but we can speculate based on the previous years’ calendars. In 2023, Chase offered bonus cashback in the following categories:
- January – March: Grocery stores, select streaming services, and internet, cable, and phone services.
- April – June: Gas stations and home improvement stores.
- July – September: Restaurants and Paypal.
- October – December: Department stores, Paypal, and Chase Pay.
We can expect similar categories in 2024, but it’s always a good idea to check the official calendar when it’s released.
How to Activate Cashback
To activate the cashback, you need to log in to your Chase Freedom account and click on the “Activate Now” button on the cashback calendar page. You need to activate the cashback every quarter, or you won’t earn the bonus cashback.
How Much Cashback Can You Earn?
The amount of cashback you can earn depends on the category and the spending limit. In general, you can earn 5% cashback on up to $1,500 in combined purchases in the bonus categories every quarter. After you reach the limit, you will earn 1% cashback on all purchases.
Is Chase Freedom Cashback Worth it?
Chase Freedom cashback is a great way to earn extra cash on your purchases, especially if you spend a lot in the bonus categories. However, it’s important to note that the cashback is capped, and you need to activate it every quarter. If you don’t spend a lot in the bonus categories or prefer a flat cashback rate, you may want to consider other credit cards.
FAQs
How do I redeem my cashback?
You can redeem your cashback as a statement credit, a deposit into your bank account, or for gift cards and travel through Chase Ultimate Rewards.
What happens if I don’t activate the cashback?
If you don’t activate the cashback, you won’t earn the bonus cashback for that quarter. However, you can still earn the regular cashback rate on your purchases.
Can I use Chase Freedom internationally?
Yes, you can use Chase Freedom internationally, but you may incur foreign transaction fees. It’s always a good idea to check with Chase before traveling to avoid any issues.
Is there an annual fee for Chase Freedom?
No, Chase Freedom doesn’t have an annual fee, making it a great choice for those who want to earn cashback without paying extra fees.
Conclusion
The Chase Freedom 2024 cashback calendar offers a great opportunity to earn extra cashback on your purchases. By understanding how the calendar works and activating the cashback every quarter, you can maximize your earnings and make the most of your credit card. Just remember to check the official calendar when it’s released and spend wisely to get the most out of your Chase Freedom card.