The new Chase Freedom bonus program will allow you to earn up to $200 in cash back on every purchase you make.
While this is great, it’s not the best deal you can get on a new credit card, as the offer only comes if you make at least one purchase within the first six months of your account.
The bonus is only worth $200 on the first purchase, and only if you redeem the offer within the next 6 months.
The best way to maximize your Chase Freedom rewards is to make as many purchases as you can within the same timeframe.
If you spend $1,000 on purchases within six months, you will get $100 of the $200 you’d get if you redeemed the offer in that time.
If, on the other hand, you spend the same amount within the second six months and only make one purchase, you’ll get $150.
There’s a limit of one Freedom bonus per customer, and it can only be redeemed for purchases in the United States.
It’s also worth noting that you have to use the same credit card for all purchases within the United Kingdom, Australia, New Zealand, and Canada.
This means that you might have to take advantage of the rewards at different times to make sure you’ll be able to earn your bonus.
To learn more about the Chase’s new credit cards, check out the Chase guide.
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