Chase Freedom Offers 5% Cash Back on PayPal Transactions
Chase Freedom, which offers quarterly rewards to cardholders, has added PayPal as a new category.
From April through June, Chase Freedom cardholders will earn 5% cash back, up to $1,500, in the following categories:
- PayPal transactions
- Chase Pay transactions
- Grocery store purchases
As of December 2017, there were over 227 million PayPal users, which means many people could take advantage of these increased rewards from Chase Freedom.
“We keep adding ways to make Chase Freedom even more rewarding for our cardmembers,” said BJ Mahoney, General Manager of Chase Freedom in a press release. “They can earn cash for every day expenses whether they pay with their phone, on the internet or in store with their familiar blue Chase Freedom card.”
The Chase Freedom card is a rotating category credit card, which means the cash back rewards that cardholders earn change every few months. The Chase Freedom creates three new bonus categories every quarter and gives cardholders 5% back in those categories. Users earn 1% cash back on all other purchases. The rewards do not expire, and there is no minimum amount needed to redeem for cash back.
During the first quarter, Chase Freedom’s bonus categories are gas stations, Internet/Cable/Phone services, and mobile payments, such as Chase Pay, Android Pay, Apply Pay and Samsung Pay.
If you are considering using a rotating category credit card, it can be important to read the fine print. Some of these cards, including the Chase Freedom card, require users to register for the bonus categories each quarter.