Chase Freedom Rumored Quarterly Category Change: 5X Categories For Mobile Wallets & Recurring Payments

I’ve been urging for a whole year now that the Chase Freedom needed a twist to what I consider boring and almost-expected categories that we’ve been getting for almost every quarter now. Select cardholders have been chosen to partake in a survey via Chase’s Insight Community with a chance to introduce possible upcoming Chase Freedom categorical perks. The survey considered aspects of making a new 5% category that would reward you for using your Freedom Card on either recurring payments (phone bill, Netflix, etc.) or digital wallet payments (Android Pay, Samsung Pay, etc).

Editor’s Note: The new benefit of recurring payment or mobile wallet cash back reward will be an addition apart from the current rotating 5% category.

Alternative Credit Cards:

• Discover It® 18 Month Balance Transfer Credit Card
• ThankYou® Preferred Card
• Blue Cash Preferred® Card from American Express

Freedom – CashBack on Recurring Payments & Mobile Wallet:

Freedom is also considering making a new 5% category that would reward you for using your Freedom card for recurring payments, like your mobile phone bill, electricity, streaming subscriptions, and more. This category would also be in addition to the existing 5% categories.

Freedom is also considering making a new 5% category that would reward you for using your Freedom card in digital wallets, such as Android Pay, Samsung Pay, Chase Pay, etc. This category would also be in addition to the existing 5% categories.

• Recurring Payments – Rent, mobile phone bill, electricity, streaming subscriptions, and more
• Mobile Wallet – Android Pay, Samsung Pay, Chase Pay, etc.

Chase Freedom is also considering rewarding you for using your Freedom Card for digital payments (making payments online or through a mobile app for sites/services like Lyft, Uber, Starbucks, etc.) The likelihood of this becoming a new category may have lesser odds comparative to the mentioned Recurring Payments/Mobile Wallet categorical perks.

Chase Freedom Card Summary:

• Apply Now
• Maximum Bonus: $150 Cash + additional $25 authorized user bonus
• Spending Requirement: You must spend $500 within 3 months of account opening to get the $150 bonus. You must add an authorized user and make a purchase to earn the additional $25 bonus.
• Annual Fee: $0
• Bonus Worth: That’s $175 in cash back total!
• Expiration Date: No expiration
• Additional Advice: This card is great for people looking to build credit.

Chase Freedom Card Features:

• Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
• Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
• Unlimited 1% cash back on all other purchases – it’s automatic
• 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.74-24.49%. Balance transfer fee is 5% of the amount transferred, $5 minimum
• Enjoy new 5% categories every 3 months
• Cash Back rewards do not expire as long as your account is open
• No annual fee

Conclusion:

The Chase Freedom Card currently offers a $150 Bonus when you make a spend of $500 in 90 days. You should expect the new categories to still have the standard cap of $1,500 per quarter. The new benefit of recurring payment or mobile wallet cash back reward will be a consistent 5x benefit addition apart from the current rotating 5% category. If the 5% mobile wallet category is finalized, it’s necessary to keep in mind that the U.S. Bank Altitude Reserve earns 3x on mobile wallet purchases with no point cap, however, the card stands at a costly $400 annual fee.  Find out which card is right for you by checking out our complete list of Credit Card Promotions today!

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