$350 from Chase Freedom Visa Card

by Rocket Finance

The Chase Freedom Card is one of my favorite cards right now. Here is how you can make $350 with it over the next year or so:

  • Apply for the card and collect the $50 bonus.
  • Sign your spouse up for the card and collect another $50 bonus.
  • Don’t use your spouse’s card any more.
  • Request an additional card for your account.
  • Both you and your spouse use it for budgeted items that will earn 3% – fast food, groceries, gas and more. We use it for almost everything. Some items only give 1% cash back, but we were going to purchase them anyway, so we might as well get 1%.
  • Earn $200 in your cash back account – then Chase will give you an additional $50 when you request your reward check.

The cash back is cash, not points, not gift cards. Chase will send you a check that can be immediately deposited into your bank account. If you plan to spend at least $6,700 on gas, fast food, or groceries over the next year, you could be cashing a $250 check very soon.

They also have an option where you can choose reward points and you are not limited just to gas, fast food and groceries. You may also choose to get 3% back on purchases made in your top three categories – out of 15 total categories. Sounds complicated, but it isn’t. We primarily use our Chase Freedom Card on gas and groceries. Finally, there is no time limit on earning the cash back. Your check is issued whenever you request it. If it takes you two years to earn your cash back – no problem.

We don’t charge enough in one year to take advantage of the 5% back that Blue Cash from American Express offers with it’s tiered reward system and 12 month window. So we choose Freedom instead. 

Get your Chase Freedom Visa Card here.

  1. 2 Responses to “$350 from Chase Freedom Visa Card”

  2. By Bob on Nov 6, 2008 | Reply

    Think again. It sounds great, but there seems to be a big catch. I’ve been using mine for a couple of months now, but I’m finding that most of the purchases are put in the category of “other”, and don’t count as purchases in any category, even though they obviously would fit into one. That would include the $950 I charged at Home Depot. I’d estimate that if you spend $1000 a month on the card, maybe $200 would fit into one of their 15 categories.

  3. By rocketc on Nov 7, 2008 | Reply

    Hmmm, I guess you do have to structure your spending a bit. I typically spend more than $200 on gasoline alone, followed by an additional $200 for telecommunications, cable, etc. and $100 on fast serve restaurants as well as groceries, etc.

    I always come very close to $600 in the prescribed categories every month.

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