The Chase Freedom® is one of the most popular reward cards offered. It features 1% cash back on all purchases, or 5% bonus cash back on up to $1,500 spent each quarter at qualifying merchants. But what few people know is that Chase also offers a 10% annual Exclusives bonus when cardholders have both a Chase Freedom® card a Chase checking account.
How this works
At the end of the year, Chase adds up the number of points the cardholder has earned and adds another 10% to their account. This includes all of the points earned at both one point per dollar and 5 points per dollar. Therefore, cardholders who also have a checking account are earning 1.1 cents and 5.5 cents per dollar.
To put it another way, a cardholder who spends the entire $6,000 eligible for 5x points can earn 33,000 points each year. [click to continue…]