Today Chase announced new 5% cash back categories for its Chase Freedom and Chase Freedom Flex credit cards. During the fourth quarter of 2022, cardholders with either card that activate the promotion will be able to earn 5% cash back on up to $1,500 spent through PayPal and at Walmart.
Key learning points
- Chase has announced new 5% Freedom bonus categories for October through December 2022.
- Cardholders can earn up to $75 in rewards when they spend up to $1,500 at Walmart and via PayPal.
- Activate the bonus before December 14, 2022 to earn the bonus percentage for the entire quarter.
How to maximize your 5% Freedom or Freedom Flex Bonus
In the third quarter of 2022, Chase offered its 5% rewards rate in four separate categories, and while that’s only two in the fourth quarter, there are arguably more opportunities to maximize the bonus.
The Walmart category includes both in-store and online purchases, making it easy to earn bonus rewards for your holiday purchases.
More advantageous, however, is the PayPal category. Freedom and Freedom Flex cardholders can earn 5% cashback at any merchant that accepts PayPal as a payment method – over 30 million merchants use the payment platform. Just make sure to link your card to your PayPal account and select it as the payment option.
If you already have a Chase Freedom or Freedom Flex credit card, you will receive an email asking you to activate the promotion. You can usually do this with just one click. You can also activate it by logging into your online account or the Chase mobile app, calling customer service, or visiting a local Chase branch.
Please note that you must activate before December 14, 2022, but if you do, you will receive the bonus reward percentage for all eligible purchases made during the promotional period.