I love credit cards that give me a bonus when I sign up for them. I particularly love the Chase credit cards since their sign ups bonuses are just what I need. The bonuses they give are always worthwhile to me and they help me travel for almost nothing. Some of you last month signed up for the Chase Ink Business credit card earning 60,000 Ultimate Reward miles after a $5000 spend in three months.
I mentioned earlier that one of the new cards that I got this year is the Chase Freedom. There is no yearly fee and if you have another one of Chase’s cards that give Ultimate Reward points (like Sapphire Preferred, Ink, etc) then you can get the very valuable Ultimate Reward points (UR) otherwise you get 5% cash back on up to $1500 spent in bonus categories each quarter. Either way – points or money – you are a winner. If you are interested in this card, go on over to the Mommy Point blog and follow her Top Credit Card Deals tab. Scroll down till you see the description of this card and the link to the application form.
The reason why I really, really like this card is that you get bonus categories every quarter. When you purchase an item from one of the bonus categories stores, you get an extra 5 times points.
January – March
April – June
Lowe’s® home improvement stores
July – September
September 14, 2013
Select Department stores
September 15, 2013
What’s exciting to me is that this month the bonus categories are gas stations (and who doesn’t need gas?), Kohls and theme parks. Kohls just happens to be one of my favorite stores.
Since most of you have the Ink card or another Chase credit card that gives you UR points you need to log in to your account. On the right side, click on Go to Ultimate Rewards. This will take you to the shopping portal. This is an important step. Go to the Kohl site on the shopping portal and you will find out that by ordering this way , you will most likely get the extra 10 points per dollar. You will definitely get the 5 times points by using your Chase Freedom card. Can you imagine get 15 points per dollar spent? That is huge and a quick and easy way to rake up UR points very quickly. If you spent $100 you will most likely get 1500 points rather the 100 points the old way (before you started reading my blog) or even just the 500 points for using only your Freedom card.
Remember, do not spend if you cannot afford to pay the bill when it becomes due. Only you know what your personal finances are. Having great credit is more important than having points.