Today, Chase announced new 5% cash back categories for its Chase Freedom and Chase Freedom Flex credit cards. Throughout the fourth quarter of 2022, cardholders with either card that activates the promotion can earn 5% cash back on up to $1,500 spent through PayPal and at Walmart.
Key points to remember
- Chase has announced new 5% freedom bonus categories for October through December 2022.
- Cardholders can earn up to $75 in rewards when they spend up to $1,500 at Walmart and via PayPal.
- Activate the bonus by December 14, 2022 to receive the bonus rate for the entire quarter.
How to Maximize Your 5% Freedom or Freedom Flex Bonus
In Q3 2022, Chase offered its 5% reward rate across four distinct categories, and while that’s down to two in Q4, there are arguably more opportunities to maximize the bonus.
The Walmart category includes both in-store and online shopping, making it easy to earn bonus rewards on your holiday shopping.
The PayPal category is however more advantageous. Freedom and Freedom Flex cardholders will be able to earn 5% cash back from any retailer that accepts PayPal as a form of payment – more than 30 million merchants use the payment platform. Just be sure to link your card to your PayPal account and select it as your payment option.
If you already have a Chase Freedom or Freedom Flex credit card, you should receive an email asking you to activate the promotion. You can usually do this with just one click. You can also activate it by logging into your online account or the Chase mobile app, calling customer service, or visiting a local Chase branch.
Note that you’ll need to activate by December 14, 2022, but when you do, you’ll receive the bonus rewards rate on all qualifying purchases made during the promotional period.