5 Cashback Chase Freedom

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TheChase 5/24 rule is an unofficial policy that restricts you from being approved for a Chase credit card if you've opened five or more personal credit cards (from any card issuer) within the past 24 months.

When you open a Chase Total Checking account, you can earn a $300 bonus after you make at least $500 in direct deposits within 90 days of opening the account. You can also waive the monthly maintenance fee with qualifying activities.

$12 or $0 with one of the following, each monthly statement period: Electronic deposits made into this account totaling $500 or more, such as payments from payroll providers or government benefit providers, by using (i) the ACH network, (ii) the Real Time Payment or FedNowSM network, (iii) third party services that facilitate payments to your debit card using the Visa or Mastercard network, OR a balance at the beginning of each day of $1,500 or more in this account, OR an average beginning day balance of $5,000 or more in any combination of this account and linked qualifying Chase checking, savings, and other balances.

To benefit from 5% cash back, you're required to activate bonus categories each quarter. Once you activate bonus categories, you can start earning 5% cash back. Chase allows you to save activation reminders to your calendar and set up email alerts. You can also activate the bonus categories by clicking here and entering your last name, the last four digits of your card number and your zip code.

There are limits to how much spending qualifies for 5% cash back each quarter. After you spend a combined $1,500 in the bonus categories, the cash-back rate drops to 1%. This maximum spending requirement resets every quarter.

All other purchases made outside the bonus categories automatically earn 1% cash back. If you're looking to optimize how many points you can earn, we suggest using an alternative cash-back or rewards credit card for spending outside the bonus categories, so you earn more than 1% cashback.

Discover offers several no-annual-fee credit cards that allow cardholders to enroll every quarter to earn 5% cash back in various categories, up to a $1,500 quarterly maximum (then 1% cash back) throughout the year. Its most popular option is the Discover it Cash Back and Discover will currently match all the cash back new cardholders earned at the end of their first year.

Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases-automatically.

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Since paypal is one of the rotating categories this quarter, I chose to order some food on doordash and pay for it via PayPal linked to my freedom flex. I ended up getting 7% cash back since it listed the rewards as 1% cash back on all purchases, 2% extra cash back for dining, and 4% extra cash back for using PayPal. At first I thought it was just a glitch and when the statement came, it would end up ag only 5%. However, after the statement it posted as 7% cash back. Thought I'd let you all know that you can get 7% on doordash this quarter with your freedom flex if its through paypal.

I'm a huge doordash user so I will probably max out the 5% category this quarter since I have also bought groceries at Walmart a couple times. Does chase notify you when you've maxed it out? Asking since I have never max out a 5% cap before.

I'm a huge doordash user so I will probably max out the 5% category this quarter since I have also bought groceries at Walmart a couple times. Does chase notify you when you've maxed it out? Asking since I have never max out a 5% cap before.

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