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Chase Freedom & Bars

Valued Contributor

Chase Freedom & Bars

Do bars count in the 5%?  I was looking at my amex transactions, and it showed as restaurant, to I know what is a bar. They serve no food. 

 

Any input? 

I know its late in the quarter but IM going out and might be spending enough to make the 5% work for me, rather then just cash. 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000
Message 1 of 6
5 REPLIES
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Moderator Emeritus

Re: Chase Freedom & Bars


creditnocash wrote:

Do bars count in the 5%?  I was looking at my amex transactions, and it showed as restaurant, to I know what is a bar. They serve no food. 

 

Any input? 

I know its late in the quarter but IM going out and might be spending enough to make the 5% work for me, rather then just cash. 


Amex merchant category codes (MCC) and Visa/MC are not necessarily the same. That being said, there's a decent chance that it might be coded as a restaurant for Visa/MC. Worst case scenario -- you use your Chase Freedom and get 1% back, which is still better than 0% with cash. Best case, of course -- you get the 5%. I would use the Freedom and see how it shows up on your statement.


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Message 2 of 6
Valued Contributor

Re: Chase Freedom & Bars

So, I haven't found this problem with the Freedom yet, but I know with my Forward that there are bars coded as "Restaurants - Drinking/Bars" or something like that. Those are given only 1% compared to "Restaurants - Eating/Dining". I forget the exact titles, but there is a difference. Finding which places are coded in which manner is a toss up, and as Tinu stated, your best bet is to just give it a try and see what happens. Then just remember that for next time Smiley Wink

In My Wallet: Amex BCP (12/12) $50,000, Chase Freedom (12/12) $16,500, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Prestige (4/16) $30,000

Last App: June 27, 2015
Message 3 of 6
Super Contributor

Re: Chase Freedom & Bars


SnackTrader wrote:
So, I haven't found this problem with the Freedom yet, but I know with my Forward that there are bars coded as "Restaurants - Drinking/Bars" or something like that. Those are given only 1% compared to "Restaurants - Eating/Dining". I forget the exact titles, but there is a difference. Finding which places are coded in which manner is a toss up, and as Tinu stated, your best bet is to just give it a try and see what happens. Then just remember that for next time Smiley Wink

+1

It is just 1% to my knowledge.

The only cards that gives 3-5% for all kinds of restaurants are by Citi.

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Message 4 of 6
Valued Contributor

Re: Chase Freedom & Bars

Depends on the bar. The bar i go to is a restaurant during the day and a bar at night so the transactions look like this.

"604 grill BBQ restaurant"

Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Message 5 of 6
Mega Contributor

Re: Chase Freedom & Bars

I was in this situation last night, decided to give it to the PRG instead.




EQ FICO 548 3/3/16
Message 6 of 6