Chase Freedom Card Boosts Cash-Back Rate to 5%


Chase Freedom® MasterCardTop credit card issuer Chase has boosted the cash-back rate of its popular Chase Freedom card to 5 percent, expanding its purchase categories and making it simpler for customers to keep track of changes in its rewards program.

Chase Freedom customers can enroll in quarterly promotions for 5 percent cash back at home improvement stores, lawn and garden outlets, home furnishing retailers and drugstores.

 

  • 0% Intro APR and No Annual Fee
  • 5% cash back in quarterly bonus categories like gas, home improvement and department stores, subject to quarterly maximum. Signing up is free and easy!
  • Unlimited 1% Cash Back on all other purchases with no spending tiers
  • Up to an additional 20% cash back when you shop online at select merchants through Chase

Chase had previously offered mostly 3 percent cash-back deals on the card.

The average consumer charges $5,700 annually, Chase explains in its Chase Freedom online promotion, and would “just begin to qualify for the full earn rate on many current cash back programs that require up to $3,000 or even $6,500 in spending before earning the maximum base cash back level.”

Chase Freedom customers earn a full 1 percent with the first purchase — with no tiers, no caps and no expirations, Chase said.

Each quarter, the new 5 percent cash-back offering will be available on a mix of everyday purchases, such at restaurants, drug stores and grocery stores, and big-ticket categories tied to seasonal spending patterns.

Chase Freedom is Chase’s largest proprietary rewards card, and the card issuer said it is the fastest growing cash back card in the marketplace.

Chase hopes the higher cash-back rate promotions will attract a larger share of its customers’ purchase dollars.

“Consumers tell us they want more control, simplicity and predictability,” said William S. Wallace, president, Chase Card Services.. “That’s why we’ve designed Chase Freedom to be simple and straightforward, making it easier for our customers to earn and redeem rewards while better managing their finances.”


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4 Responses to “Chase Freedom Card Boosts Cash-Back Rate to 5%”

  1. [...] unveiled changes to the rewards program on its Freedom card this week. Now customers will be able to earn 5%, instead of just 3%, cash back on certain spending categories. [Chase, [...]

  2. MO says:

    CHASE BANK…
    My mother called from her cellphone and said she was in the bank waiting for a rep to help her change her pin # on her ATM CARD. She told me it would only take a minute and she would meet me for lunch. Well, it took more than a minute and I had a very angry lunch companion.

    She said she gave the woman her ATM card like she asked and she keyed in her new pin number under the cover of her other hand like I taught her but the Chase rep would not return her card. Instead, she wanted my mother to accept another card. [My mother is old and doesn't want anything new.] The clerk told my mother to accept the CashBack card; my mother said no; (well, she would) but the clerk insisted. This went on for a moment more with insistance from the rep.

    Then the Chase rep did the unforgivable, according to my mother. The rep actually sat there in front of my mother face to face and went through my mother’s spending in her account. She even criticized how much my mother paid for a frame: $127. She even said, “I see you go out to dinner sometimes. You could get cash back for that spending” That’s when my mother remembered me and got up angrily and snatched back her card and left Chase Bank very angry. She felt insulted and humiliated and she felt her privacy had been invaded. She felt totally disrespected.

    Well I decided to do something about it. I don’t want anyone treating my mother that way. But before I went off on somebody I decided to get my facts straight. Good thing I did. I called a half-dozen Chase Banks and asked what was the exact procedure for changing a pin # inside the bank. I even asked, “Is it normal and customary for the Chase rep to go through the customers records, their personal checking and spending and talk to the customer about it? I mean, are they suppose to do this?” I swear, all those reps I talked with sounded like broken records; every word matched verbatim. They were like robots to me, the “Stepford Wives” or something.

    So, I sent a letter to the branch manager at the Chase branch my mother visited. She read my letter and called me and I was too shocked. She said the same words almost verbatim…especially the part about “providing our customers the best” and “making sure our customers have the best products and service.” There was absolutely no convincing that branch manager that the Chase “banker” they call their reps now…did anything wrong and she said she was not going to speak with the rep when she returned from vacation.

    When I asked, “What about the fact that my mother was constantly saying no, I don’t want that, and, give me my card back?” That branch manager ignored that question and went back to her consistent statements: “We want to help our customers and make sure that they are getting our best products and service.”

    Privacy is not one of their best services. The bank can’t make any money off of customer privacy…or respect…so, they don’t do much of that.

    My mother and I are closing our accounts after 20 years. We had those accounts long before WAMU came along and now Chase has bought-out WAMU. But since then, I did some research online and found out that JPMorgan Chase got TARP money, $50 billion, so now I know why they have gone insane at Chase. They need money to pay back the money that they got from the government. But we’re the ones who give the government money. So, it’s like robbing Peter to pay Paul. They want money from the customers to pay back the people who gave them the money in the first place. Chase even sell gift cards now. Well now, THAT’S a real truth teller. Gift-cards are like free money; people don’t use them at least 25% of the time. That’s free money.

    Since when has a failing bank, well, a limping bank (or any bank) cared about giving money to customers. There is a catch and it has to do with getting money from the millions of cutomers who will sign up.

    I wrote this because I want you to realize that these banks are really training people to behave like this and the employees think it is okay because they really believe they are helping the customers to be so beligerent. Listen, if my identity is ever stolen I will look first at the banks and other such businesses. I don’t believe anything is really secure.
    MO–

  3. [...] unveiled changes to the rewards program on its Freedom card this week. Now customers will be able to earn 5%, instead of just 3%, cash back on certain spending categories. [Chase, [...]

  4. Owen Murphy says:

    online promotion is a great way to introduce new products on the market.;*`

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