Chase Freedom Cash Rewards Process?

[shane82388]

So i just got a Chase Freedom card and it has cash rewards...do they just deposit cash into my chase checking at the end of the month or something? How are rewards given?

[Anonymous]

If you have online banking, you can redeem rewards online by Check, Deposit into Chase Account, or Statement Credit.

[chris2k5]

From my experience, you accumulate points and you can redeem the points for gift cards, account credit, or buy merchandise with the points.

I wish they did a better job showing you more details about how you got points.

They just give you an amount at the statement cycle and there is no way I can keep track that they calculated my rewards right.

[Anonymous]

Yeah, you can access the Ultimate Rewards mall from Online Banking as well, I haven't looked into it much yet, so I didn't want to comment on it. 

[shane82388]

Yeah. I just thought it was straight CASH back...not points that you then have to convert to cash.

[Anonymous]

It's all the same, really, either way I log on and request a check. One point is one cent anyway.

I thought Chase was pretty clear about the point rewards, or at least it's pretty clear on my bills.

Each bill has a Rewards Summary section that lists:
Previous Points Balance - Self explanatory

Points earned on purchases - However many dollars spent, rounded up

10% Bonus Points per $1 you spend - 10% of above, rounded up

Bonus 10 points on every purchase - 10 x # of transactions

Current points total - self explanatory

The only grey area I've noticed is when I happen to spend in the 5% categories (not often for me.) It'll just give you a number, but won't tell you which purchases were eligible to be calculated into it or not.

[Anonymous]

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@Anonymous wrote:

10% Bonus Points per $1 you spend - 10% of above, rounded up

Bonus 10 points on every purchase - 10 x # of transactions

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Remember that you only get this if you have a Chase checking account too.

[Anonymous]

Ah right - I forgot to mention that, sorry.

I became a part of Chase when they ate up my WaMu account.