As you may or may not know. The Chase Freedom card is changing terms on you. They will be getting rid of the triple rewards in the top 3 categories where you spend the most and switch to rolling categories where you will earn triple rewards throughout the year. They decide on the category, which means your triple cash back bonus is going to change on a quarterly basis.
I haven’t figured out if this is ending for everyone this June or just me. My anniversary month is June, so I received a letter from Chase explaining the change in terms and will take effect June 30th. If you have the Chase freedom and have not yet received this letter. I would assume it would be ending on your anniversary month in 2009. Start planning ahead!
Why should you care and plan ahead?
The $50 dollar bonus reward once you reach $200 in cash back reward is also going away. Again for me, I have to earn $200 dollars in rewards before June 30th. My current cash back balance sits at $162, which means I have to earn $38 dollars in rewards in just over a month. Can I do it?
I am going to try!
My plan is to milk the chaserewardsplus.com website which gives you additional cash back on online purchases, and buy lots of gift certificates. As stated in the terms and conditions, you will receive 3% cash back on the top 3 categories where you spend the most for the first $600 each month. My first idea is to buy movie tickets for the entire summer. I will probably buy about $100 dollars worth. I am also looking into buying gift certificates for Gas, and my local sub shop at where I buy lunch almost everyday.
By crunching numbers and working the system I think I can reach my goal of spending close to 700 dollars in pre-paid money at 3% cash back, in order to get the $50 bonus. Then after that I can go back to my regular charging habits. So if you need me to charge something for you, let me know I’m looking for ways to increase my cash back.
Do you think I can make it? Got any tips? Let me know