Comments on: $250 worth of snowflake money with Chase Freedom

By: rocketc

rocketc — Tue, 29 Apr 2008 20:01:26 +0000

@ Philip, you are correct – however, we split the $1000 over two statement periods. Obviously, the timing will not work out for everyone.

If all the spending had occurred during one period, I would have switched to my Discover Miles card half-way through.

By: Philip

Philip — Tue, 29 Apr 2008 19:55:56 +0000

One thing to note that the 3% is limited to the first $600 that you spend, then it drops to 1%. So that $1000 in gas was 3% for the first 600 then only 1% on the rest and force only 1% on all other purchases that month.

Just thought you might want to remind/remember that.

By: rocketc

rocketc — Thu, 24 Apr 2008 22:49:46 +0000

lulugal11, be patient. 3% cash back is not a reason to spend more. Gasoline is where the savings really add up – if you don’t spend much there. . .well, consider yourself blessed. Another area to check is the the electronics/communications category – your wireless, cable or internet bills might get 3% cash back.

By: lulugal11

lulugal11 — Thu, 24 Apr 2008 14:47:16 +0000

I use my Chase card too and I am working on getting that bonus $50 after reaching the $200 mark.

My problem is that a lot of the places I use my card are classified as ‘other’ so I don’t get the big cash back. eg I get all my groceries at Walmart (other) and only spend about $50 on gas (I live close to work and don’t go out much).

By: Welcome to the Carnival of Snowflaking, First Edition! - The Snowflake Revolution Has Begun

Thu, 24 Apr 2008 11:21:03 +0000

[...] Rocket Finance shows how he finds snowflakes with bank bonuses with $250 worth of snowflake money with Chase Freedom. [...]

By: rocketc

rocketc — Tue, 15 Apr 2008 13:40:19 +0000

@ Aryn, we have tried to charge more to our card, but we have learned that at a certain level, our spending starts to go over our budget, so we have chosen to limit it.

@ Becky, our energy bill charges a fee – $2.50 per transaction, but last winter, our bills were in the $250 range. Cash back and loan float covered our fees. Plus it was very convenient to charge it. Our wireless bill does not charge any extra fees.

By: Kelli Myers

Kelli Myers — Tue, 15 Apr 2008 07:02:21 +0000

I do not prefer credit cards but the Chase Freedom card seems to be a good deal…so will think about taking one myself.

By: Becky@FamilyandFinances

Becky@FamilyandFinances — Mon, 14 Apr 2008 19:50:49 +0000

I love the Chase Freedom card!

Last time I checked, all of our recurring bills charged a fee to charge our credit card. I should look into that again…

By: Aryn

Aryn — Mon, 14 Apr 2008 17:30:51 +0000

Actually, it’s fairly easy to spend more than $6,500 a year within your budget – if you charge everything. In addition to groceries and fuel, we have almost ALL of our recurring monthly bills charged to our cards (our providers don’t charge a fee for that) – including cell phones, cable, telephone, internet, and power. Just about the only things we can’t charge are natural gas, rent, and auto insurance. We’re hoping our gas company gets its act together soon!