The Chase Freedom® card has quarterly rotating categories that offer a bonus of 5 Chase Ultimate Rewards points per dollar up to $1500. That’s 7500 points if you maximize the promotion quarterly, or 30,000 points a year. This quarter, you can get all 7500 points by buying gift cards at Lowe’s for shopping with other merchants.
Chase Ultimate Rewards points are redeemable for cash back at 1 cent each (so 5 point per dollar = 5% cash back). Additionally, if you have the Chase Ink Bold® Business Charge Card or Chase Ink Plus® Business Card or Chase Sapphire Preferred® cards, you can transfer them to airline and hotel partners like United Airlines Mileage Plus, Hyatt Gold Passport, British Airways Executive Club, Southwest Rapid Rewards, among others.
The new quarter starts Monday, April 1 and runs until June 30. Chase announced an additional category for the second quarter and now we have even more opportunities to earn Ultimate Rewards points. The additional category is all purchases at Lowe’s! The categories for the second quarter are: Restaurants, Movie Theaters and Lowe’s.
You do have to activate the bonus categories every quarter. It’s not automatic. Chase did a study and found that people think and use the card more if they are “actively involved” and control their bonus category activation every quarter!
Activation is already available by going here. You can start earning the 5 points per dollar at the bonus categories on Monday.
While I know many people have no problem spending $1500 at restaurants over the next 3 months (especially those of us living in New York where there is no shortage of fine culinary establishments with matching prices!), you can actually just buy gift cards to other merchants at Lowe’s.
Lowe’s has a ridiculous number of merchants it covers with gift cards, including Amazon, Sephora, Macy’s, Starbucks, OfficeMax, OfficeDepot, Staples, Sports Authority, to name a few. Unlike with Staples, you cannot order these online, unfortunately.
Don’t forget that you can then use these to shop online through the Ultimate Rewards Mall to pay for your merchandise and earn even more points!
Here is the list of gift cards you can find at Lowe’s. (Dan at DansDeals.com published the following list that I have included here for everyone’s convenience.)
- AMC Theaters
- AT&T GoPhone
- Barnes & Noble
- Bass Pro Shop
- Bath & Body Works
- Bed Bath & Beyond/Buy Buy Baby
- Boost Mobile
- Cheesecake Factory
- Coldstone Creamery
- Cracker Barrel
- Darden Restaurants
- Finish Line
- Foot Locker
- Game Stop
- Gap Inc (Gap, Banana, Old Navy, Athleta, Piperlime)
- Jiffy Lube
- Jo-Ann Fabric
- Lane Bryant
- Nascar Superstore
- Olive Garden
- Outback Steakhouse
- Pizza Hut
- Red Lobster
- Red Robin
- Regal Cinemas
- Ruby Tuesday
- Sports Authority
- T-Mobile Prepaid
- Verizon Prepaid
- Virgin Mobile
To learn more about shopping at the Ultimate Rewards Mall, collecting Chase Ultimate Rewards points through various credit cards and then getting incredible value transferring them to partners, check out my Chase Ultimate Rewards Series:
- Chase Ultimate Rewards Mall: Earn miles for regular shopping
- Card Review: Chase Freedom Card
- Card Review: Chase Sapphire Preferred
- Card Review: Chase Ink Bold/Ink Plus
- How to Transfer Ultimate Rewards Points to Airline and Hotel Partners