I need to make a large quarterly purchase for Q1 on the Freedom. If I make it tomorrow will I get credit? Does the payment have to actually fully clear to get the 5x points prior to Q1 ending?
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Always learn new things here.
@longtimelurker wrote:This (old) post has a Chase CSR saying it goes by transaction date and not post date. http://www.flyertalk.com/forum/chase-ultimate-rewards/1361980-chase-freedom-5-trans-vs-post-date.htm...
KDM, do you have a more recent source that it has to post?
To answer my own question: from the Freedom FAQ, https://creditcards.chase.com/freedom/FAQ,
In order for a purchase to qualify for 5% cash back in this quarter’s rewards categories, the merchant must submit the charges to your credit card by the last day of the quarter. For example, if the merchant charges your card on a different date than you placed your purchase such as the shipping date, delivery date, or installation date, and that date is after the end of the quarter, the purchase will not earn bonus 5% cash back.
So it is (now) post date
Really? I don't think so.
Here's the example: Cardholder uses the card on March 30.
The merchant submits the charge on March 31, the "Pending" date. This is a slow merchant.
The charge "Posts" and finalizes on April 2. The Transaction day would still show March 31 or more likely March 30.
This transaction should earn rewards for Q1 because it was submitted by March 31.
I'm going to do one more top-off gasoline charge on March 31 just to see.
@NRB525 wrote:
@longtimelurker wrote:This (old) post has a Chase CSR saying it goes by transaction date and not post date. http://www.flyertalk.com/forum/chase-ultimate-rewards/1361980-chase-freedom-5-trans-vs-post-date.htm...
KDM, do you have a more recent source that it has to post?
To answer my own question: from the Freedom FAQ, https://creditcards.chase.com/freedom/FAQ,
In order for a purchase to qualify for 5% cash back in this quarter’s rewards categories, the merchant must submit the charges to your credit card by the last day of the quarter. For example, if the merchant charges your card on a different date than you placed your purchase such as the shipping date, delivery date, or installation date, and that date is after the end of the quarter, the purchase will not earn bonus 5% cash back.
So it is (now) post date
Really? I don't think so.
Here's the example: Cardholder uses the card on March 30.
The merchant submits the charge on March 31, the "Pending" date. This is a slow merchant.
The charge "Posts" and finalizes on April 2. The Transaction day would still show March 31 or more likely March 30.
This transaction should earn rewards for Q1 because it was submitted by March 31.
I'm going to do one more top-off gasoline charge on March 31 just to see.
Thanks for posting. This just reminded me I need to make the transit charge tomorrow morning!