I was squinting at the fine print on the website for the Chase Freedom card (research for next year!), and there's something about a max of $600 on purchases, therefore a max of $18 ($12 + $6) rewards, per month.
Is this on all three categories combined, or is this max for each? In other words, up to $600 for groceries, up to $600 for drugstores, up to $600 for pet/vet (or whatever).
If it's a total of $600 divided among all three, and you wanted to use gas and grocs for two of your categories, you're sure not going to get very far.
It looks more and more like PenFed has the only genuine straightforwards rewards card out there with serious cash rewards for multiple categories, as in more than 1%. (5% gas, 2% grocs, 1.25% everthing else.) And sorry, I'm not able to spend $13K a year to get the rewards out of a Blue Cash.
I just got approved for this card, they said it was a Chase Freedom Exclusive card, though. I don't know if that makes a difference or not. She said so much it was hard to write everything down.I understood it was 3% on up to $600.00 on the top 5 categories, She didn't mention it had to be split between the categories. Can't I just use $600.00 for groceries and let it be at that?
This means that you can spend your $600 exclusively on groceries, and receive your bonus points. The first time I used my Freedom card was at a "Fast food and quick service restaurant." That was the only charge that appeared on my statement for that billing cycle, and I received my bonus points.
I've never heard of the Chase Freedom Exclusive card. I looked for it, but couldn't find it on their website. However, Chase may not have updated their site information at this point in time. On existing Freedom cards, you earn triple points in the top 3 categories where you spend the most each month. I don't know about the top 5 categories that you mentioned.
Keep us posted on the new card!!!