Turn $200 Cashback into $250
With the number of gas rebate credit cards out there, it’s hard to choose the right card for you. We’ve taken the opportunity to narrow it down to the Chase Freedom Credit Card.
This card has over 15 bonus reward categories and the ability to switch from cash back to a point-based reward system. There is no annual fee for this card and it also offers purchase security and a warranty manager service.
It’s a Visa card and also comes in a MasterCard version, which means it’s accepted almost everywhere. What makes the Chase Freedom card even better is that if you have a Chase Checking account, through their Chase Extras program, you’ll get 3% back in the top five categories, not just the top three.
You earn 1% or 1 point for each $1 in purchases. You’ll earn an additional 2% or 2 points for purchases made in the top three bonus categories where you spend the most. When you accumulate $200 in cashback, you can claim a check for $250.
Chase also has an online account website where you can check your monthly cashback earnings. You can set up personalized alerts to get notification to various email accounts or they can send the alerts as text messages to your cell phone.
However, like many rewards credit cards, the Chase Freedom has a higher interest rate. Any cashback you earn would be lost if you don’t pay your bills in full and accumulate interest. Bonus cashback is also limited to $600 in spending per month.
As with any credit card offer, read the fine print and do your homework. Not all credit cards are right for everyone’s financial situation. When you choose a card like the Chase Freedom credit card, the possibilities are endless.