Credit Card Center Advertiser Disclosure

Frequent Contributor
Posts: 285
Registered: ‎02-26-2008
0 Kudos

Re: cap on monthly rewards with Chase Freedom

Ok, here's my bonus 2%,
LOL, long story short everyone on here was on track.  your highest 3 categories get a bonus 2% in earnings for up to the first $600 in purchases.  So what would have been $6 in earnings would be $18.
I just got approved for the Freedom card on recon for 2k CL.  And I'm sure I'll like it.'s my big question....I have a Cap 1 no hassle points rewards card.  I had really bad credit when I got it so I got the $300 limit and credit steps....called the back door raised to $600.  Then steps added $500 and took me to $1100.
I get 1 point for every dollar I spend.
Now for every gas, grocery store and drug store purchase I get quintuple points.  5 points / dollar. 
Now a lot of their merchandise is over priced in redemption but the gift cards are great, any gift card $50 and greater is the best rate.  5,000 pts = $50  10,000pts = $100. 
Now if I spend $1000 in gas I earn enough for a $50 gift card.  5% earnings basicly.  UNCAPPED.  Now you have to make sure you don't get the prime card as it is no annual fee and only double points for those bonus categories.
Now the card DOES have a $29 annual fee but once you put $1450 in gas purchases on it the extra 2% over 3% cards would pay for itself....
I know this isn't CASH...but I know I can find gift cards for what I plan on buying anyway not just buy something I wasn't planning on. 
I need a kitchen-aid mixer.  (cap one offers it at a redemption rate = $529.00)
Target and other places offer the 6 quart variety at $399-$499 offers it for $339 and free shipping.
Cap1 offers gift cards for  so I'm saving to 30,000 points getting $300 in gift cards and buying my mixer.
I'll have put $6000 through in gas and grocery purchases...not too hard with pricing now...and the only thing I will have paid is the annual fee of $29 and received $300 worth of items. 
Someone with $600/mo for 10 months at the 2% bonus would earn $180.
$300 - $29 annual fee = $271 vs. $180 Freedom  and the freedom you would HAVE to wait the 10 months to realize that full amount.
I just plan on using my Freedom for my utilities and my cap 1 for my grocery store, gas, pharmacy and PIF both...but I have yet to find a better rewards uncapped at 5%.
Sorry for the long post.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.