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It’s that time of the year when Chase releases the new categories for the Chase Freedom Cash Back Card that earn you 5% cash back instead of the normal 1% you get the rest of the year. Starting April 1st and going all the way through June 30th, you will receive 5% cash back on Grocery Stores (not including Target or Walmart) and Home Improvement Stores such as Lowes, Home Depot, Menards, etc. You must activate this new category by June 14th and the maximum cash back you can receive during this quarter using the special 5% back promotion is $1500. Your 1% cash back on all other categories does not have a maximum.
Here is the official small print from Chase’s website about how each purchase is categorized:
Merchants who accept Visa/MasterCard credit cards are assigned a merchant code, which is determined by the merchant or its processor in accordance with Visa/MasterCard procedures based on the kinds of products and services they primarily sell. We group similar merchant codes into categories for purposes of making rewards offers to you. Please note: We make every effort to include all relevant merchant codes in our rewards categories. However, even though a merchant or some of the items that it sells may appear to fit within a rewards category, the merchant may not have a merchant code in that category. When this occurs, purchases with that merchant won’t qualify for rewards offers on purchases in that category. Purchases submitted by you, an authorized user, or the merchant through third-party payment accounts, mobile or wireless card readers, online or mobile digital wallets, or similar technology will not qualify in a rewards category if the technology is not set up to process the purchase in that rewards category. For more information, please see Chase Freedom Frequently Asked Questions.
Your Card Points has partnered with CardRatings for our coverage of credit card products. Your Card Points and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.