Should You Chase After the 5% Cash Back from the Chase Freedom Visa?

One of my favorite cash back credit cards has always been the Chase Freedom Visa.  I find it to be the best overall credit card on the market today because it packs a punch in a variety of areas.  The card opens with a $100 cash bonus and keeps up the pressure with a 0% intro APR on both purchases and balance transfers for 15 months.   Tack on 5% cash back and no annual fee and you see why Chase has done such a good job in putting the Chase Freedom® Visa – $100 Cash Back together.

Chase Freedom Visa Review

I’ve seen the ads for this card all around. I’m sure you have too. Chase proudly displays their 5% cash back feature. If you’re looking for a good rewards card, this is definitely one to consider. Let’s dive a bit deeper and look at what this card has to offer. Here are the main features:

  • This offer is for people with a good to excellent credit history which means, among other things, that your credit history is clear of bankruptcy and seriously delinquent accounts
  • Earn $100 Bonus Cash Back after you make $500 in purchases in your first 3 months
  • 0% Intro APR for 15 months on balance transfers and purchases.
  • 5% Cash Back on up to $1,500 spent at Restaurants, Movie Theaters and Lowe’s from 4/1/13 – 6/30/13
  • You’ll enjoy new 5% categories every 3 months like supermarkets, gas, drugstores and even home improvement stores.  It’s free and easy to activate your bonus each quarter!
  • Unlimited 1% Cash Back on all other purchases without limits on what you can earn
  • Up to an additional 10% Cash Back when you shop online at select merchants through Chase
  • No annual fee and rewards never expire

Chase Freedom Visa Categories 2013

The Chase Freedom® Visa – $100 Cash Back 5% cash back is earned on rotating categories. Here are the categories for 2013.

  • January – March: Gas Stations, Drugstores and Starbucks stores
  • April – June: Restaurants, Movie Theaters and Lowe’s
  • July – September: Gas Stations, Theme Parks and Kohl’s
  • October – December: Amazon.com and select department stores

The rest of your spending earns rewards at the standard 1%. Considering this rotation of different percentages, it’s hard to make a calculation of what your potential earning could be.  Therefore, I think it’s wise to consider this card if you spend a lot in each and every category. Factoring the 5% on certain categories, I think it’s safe to say that you’d come out averaging around 2% for the year.

I think the bottom line on the Chase Freedom® Visa – $100 Cash Back is that it’s a solid, no annual fee rewards card with a great up front 0% promotion and a nice $100 bonus. And depending on your spending type, it’s likely you could beat the rewards offered by other cards. Not your card? Compare the Chase Freedom Visa with some of the best cash back credit cards available today.

“Disclaimer: This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program.”

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Last Edited: May 9, 2013 @ 5:02 pm
About Philip Taylor

Philip Taylor, aka "PT", is a husband and father of two. He created PT Money back in 2007 to share his thoughts on money and to meet others passionate about managing their finances. All the content on this blog is original, and created or edited by PT. Read more about Philip Taylor, and be sure to connect with him on Twitter, Facebook, or view the Philip Taylor+ Google profile.