Chase Freedom 5% Cash Back for January, February & March 2015

Chase Freedom 5 percent cash backIt’s that time again. Chase Freedom, one of my favorite cash back credit cards that I use on a regular basis, is changing their quarterly 5% cash back categories. I almost always use my Chase Freedom card whenever I make a transaction in one of these categories because 5% cash back is very hard to beat.

First Quarter 5% Cash Back Categories

For January, February and March 2015 (the first quarter) you can earn 5% cash back at grocery stores (not including WalMart and Target), movie theaters and Starbucks stores.

Everyone shops for groceries, so almost every will be able to get 5% cash back in this awesome category. If not, there are many good movies out right now and you can earn your 5% cash back at the movies with popcorn. Finally, it is cold outside, so Starbucks is a great option to warm up this winter!

If you have a Chase Freedom card, don’t forget to activate your 5% cash back for the first quarter of 2014. You can activate your 5% cash back here. As always, you’ll earn 1% cash back on all other purchases you make your Chase Freedom card.

5% Cash Back Gets Even Better

A great benefit of getting 5% cash back on my Chase Freedom card is the fact that I can transfer the Ultimate Rewards points I earn to my Chase Sapphire Preferred credit card. I can then transfer these points to other rewards programs such as the Southwest Rapid Rewards program at a 1:1 ratio.

This is great because 100 Southwest Rapid Rewards points can be exchanged for  Wanna Get Away fares, essentially increasing the value of my points by over 40%! If I use this strategy and transfer my points to the Southwest Rapid Rewards program, I could earn the equivalent of over 7% value on my bonus category purchases. There are a ton of other programs you can transfer your points to on a 1:1 value as well.

If you don’t have a Chase Sapphire Preferred credit card make sure to check out the Best Credit Card Sign Up Bonuses post to learn more about it. The Sapphire Preferred credit card currently offers a $400 sign up bonus and many other great benefits. Be careful though… it does come with a $95 annual fee that is waived for the first year.

A Word of Warning

I consider credit cards a tool. If not used properly, tools can be very dangerous. Much like using a chainsaw, if you can not handle using credit cards properly you could easily become injured, although it would be financially and not physically.

Please don’t apply for credit cards if you cannot pay them off in full every month. There are other payment methods other than credit cards. You can always use debit cards, cash or even try to remember how to write a check.

Do you have a Chase Freedom or Chase Sapphire Preferred card? Do you have any tricks to get more cash back or more value for your Ultimate Rewards points?

Like What You See?

Join the other readers who have signed up for our email newsletter! No spam, just periodic updates to help improve your finances!

About Lance Cothern

Lance Cothern, a Certified Public Accountant (CPA) licensed in the Commonwealth of Virginia, is the founder of Money Manifesto. You can read more about him here or connect with him on Facebook, Twitter, Google+ or Pinterest.


  1. The 1.67 isn’t quite correct. You get up to 1.9ish in value for Southwest fares because they don’t include all the government fees and such when you book with points (several frequent flier nerds noticed and tested this).

    • Wow that’s awesome. I actually booked a flight at 1.8 per point, but I read 1.67 somewhere else and wanted to post the more conservative number. Thanks for the heads up!

  2. I love how you explain credit cards like a tool! It makes total sense and it’s a great warning to avoid a lot of finiancialy trouble.

  3. Although I have 2 cashback cards, they do not change categories. I use my airline or hotel card much more to accumulate the miles and points.

  4. I use my marriott card for hotel stays and chase freedom for everything else. I actually have to buy a bunch of tickets to an amusement park next month. I’m kind of excited to get all the cash back.

Share Your Thoughts