Whether you’re looking to get into the “Points and Miles” game, or looking to add to your portfolio, the Chase Freedom card is a good one to pickup. And if you have a Chase Sapphire Preferred, it’s even better.
The Chase Freedom is a completely free card. No annual fee. That means you can build up credit for years and never worry if you’re losing out due to needing to pay annual charges.
The card currently has $100 bonus and earns 1% cash back on all spending. But the real benefit comes in two additional perks.
1. Each quarter the card offers 5% cash back on certain rotating categories. From gas stations to supermarkets to Starbucks to shopping at Amazon.com. 5% cash back is huge and one of the best rewards amounts in the industry.
2. But beyond that, for all of you who have a Chase Sapphire Preferred cash, coupling it with the Chase Freedom is a no-brainer. Instead of 5% cash back, you can turn those rewards into Ultimate Rewards points instead. 5x points can be earned instead of cash, and if you have a Sapphire Preferred account, you can transfer all your points from the Chase Freedom card into the Sapphire Preferred points account.
Overall, I’d recommend picking up the Chase Freedom, for the amazing 5x cash or points it earns on rotating categories each quarter. And if you have the Chase Sapphire Preferred, I’d absolutely recommend it. They work perfectly together and are the best way to begin mastering the Points and Miles game so many of us have gotten into.