topic Re: Chase FREEDOM rewards points in Credit Cards

Chase FREEDOM rewards points

SamsungHDTV — Mon, 07 Nov 2011 19:55:38 GMT

I'm not consdering on applying for chase freedom, but I was just curious on the way the rewards system works. Here is what I know so far:

1 point for every $1 dollar or 1% cash back.

4 bonus points on alternating catagories or 4%

And then they offer exclusive benefits if you have a checking account there and this is where I have my question.

10% extra points for $1 or 0.1% cash back

10 bonus points for every $1 (Is this the same as 10% CASH BACK?)

From my understanding if I bank at chase I will get 11.1% cash back + the 4 bonus on select catagories??

Re: Chase FREEDOM rewards points

Anonymous — Mon, 07 Nov 2011 20:11:49 GMT

Pretty sure its 10 points for every purchase that's a dollar or more, not 10% cash back on every dollar you spend.

Re: Chase FREEDOM rewards points

Anonymous — Mon, 07 Nov 2011 20:14:46 GMT

1 pt per $1 spent 1 pt = 1 cent for all purchases now the bonus categories 5 points for each $1 spent or 5 cents

Re: Chase FREEDOM rewards points

Anonymous — Mon, 07 Nov 2011 22:32:11 GMT

@Anonymous wrote:
1 pt per $1 spent 1 pt = 1 cent for all purchases now the bonus categories 5 points for each $1 spent or 5 cents

I don't think so. The bonus is only 4 points.

Re: Chase FREEDOM rewards points

Anonymous — Mon, 07 Nov 2011 22:39:05 GMT

@SamsungHDTV wrote:

And then they offer exclusive benefits if you have a checking account there and this is where I have my question.
10% extra points for $1 or 0.1% cash back
10 bonus points for every $1 (Is this the same as 10% CASH BACK?)

From my understanding if I bank at chase I will get 11.1% cash back + the 4 bonus on select catagories??

Your wording makes it sound better than it is. 10% extra points on the points you earn, not really per $1 (If you make $10, you get 10 points + 1 points (10%) extra), but I doubt that they'll give you 1.1 points on $1 transaction.

10 bonus points for every transaction, not every $1, so no, it's not 10% cash back. If you make $1 transaction, then yes, it'll be 11%.

Re: Chase FREEDOM rewards points

Anonymous — Mon, 07 Nov 2011 23:23:35 GMT

@Anonymous wrote:
@Anonymous wrote:
1 pt per $1 spent 1 pt = 1 cent for all purchases now the bonus categories 5 points for each $1 spent or 5 cents

I don't think so. The bonus is only 4 points.

True I was adding them together

Re: Chase FREEDOM rewards points

Guava — Tue, 08 Nov 2011 02:22:18 GMT

@Anonymous wrote:
@Anonymous wrote:
1 pt per $1 spent 1 pt = 1 cent for all purchases now the bonus categories 5 points for each $1 spent or 5 cents

I don't think so. The bonus is only 4 points.

You're correct that the bonus is 4%. But it's the 4% more (i.e. bonus) on top of the base 1%, so you'd get 5% back.

Re: Chase FREEDOM rewards points

SamsungHDTV — Tue, 08 Nov 2011 15:45:02 GMT

thanks johnnie198x, that's the explanation I needed. Makes sense now.

Re: Chase FREEDOM rewards points

tsquad131 — Tue, 08 Nov 2011 15:55:43 GMT

i think chase freedom+ chase checking account is a good combo for cashback especially in 5% categories. I use it for all my 1% transactions because i earn more than my other base 1% cards and use it for 5% categories. probably one of the best cashback cards out there right now

Re: Chase FREEDOM rewards points

Anonymous — Tue, 08 Nov 2011 19:12:04 GMT

@tsquad131 wrote:
i think chase freedom+ chase checking account is a good combo for cashback especially in 5% categories. I use it for all my 1% transactions because i earn more than my other base 1% cards and use it for 5% categories. probably one of the best cashback cards out there right now

exactly since my chase debit no longer earns rewards I just turn my chase freedom into my debit card, just now need to budget so I PIF each month