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$200 Chase Freedom Bonus

November 20th, 2013 at 05:14 pm

I read

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MyMoneyBlog this morning and found out about a new bonus offer for obtaining the Chase Freedom card. It is now $200 cash for spending $500 in three months! No annual fee. Wow. That is quite a return!!

I already have the Chase Freedom, but my husband does not. He did roll his eyes at me this morning when I said I was probably going get another credit card for him. He was approved. The real test is to see if the bonus is actually given, considering he has received bonuses from Chase Sapphire and Chase Southwest Rapids Rewards cards in the last 12 months. I decided it was worth the chance! I will let you know once it is applied.

Since we only need to spend $500, I will likely pay the electric, internet and cellular phone bills with it. I also expect to buy some gas as well. That is an easy $500 to spend without spending money on things we don't need.

I expect this will be likely be one of our first rewards in 2014. I think I should look to beat my 2013 snowflake total, don't you? Will you apply for this bonus offer, or do you already have the Chase Freedom card?

As a reminder, we are opening credit cards for bonus money and rewards as way to EARN income that we can't by earning interest on our savings. Savings rates are very low, so this is a way to boost our income. We have great credit. Pay our bills off ahead of schedule and without paying interest. We close cards after we have redeemed our rewards in most cases. I do NOT suggest this method to those who cannot pay off a balance in full.

13 Responses to “$200 Chase Freedom Bonus”

  1. momcents Says:

    I like your "reminder". It is sort of PSA to those who might be tempted to misuse. Smile I needed a bit of "haha" in my day!

  2. beawealthywarrior Says:

    Unfortunately I already have that card but I hope you end up getting the rewards! I definitely think "we" should raise our 2014 snowflake goal Smile

  3. creditcardfree Says:

    Yes, I think the reminder is important, as we have people reading looking to get out of debt. I sure don't want to promote more debt for anyone who cannot be responsible.

    @BAWW, what goal are you thinking for 2014?

  4. MonkeyMama Says:

    I saw this one and will probably do it, because I have not applied for even one card this year. I generally try to avoid the little ones (the credit hit of more little ones versus a few bigger ones). BUT, one card per year is pretty benign - might as well go for this one.

  5. beawealthywarrior Says:

    @CCF, I don't know just yet. Do you want to wait and see where we are around mid Dec and then decide??

  6. starfishy Says:

    wow - that seems like a good deal! wish i had the card yesterday when i had to pay at $400 car service bill. i have an old Chase Slate card, but i don't think i have a Freedom card. thanks for this info.

  7. creditcardfree Says:

    @BAWW, I think that sounds like an excellent idea.

    @starfishy, you are welcome!

  8. Xtreme Thunder Says:

    Sounds like DW will be signing up for the Chase Freedom. I already have the Chase Freedom from the older spend $500, get $300. I have a tuition bill coming in that I pay upfront and get 100% reimbursed after completing the course(s) with a grade C or better. This current semester I took one class, but next I will be taking two and will need to front an extra ~$600 for the additional course load. Perfect way to actually make money on the tuition reimbursement deal! Haha! Thanks for the heads-up!

  9. SicilyYoder Says:

    That seems like a very good deal.

  10. creditcardfree Says:

    @XT, I think deals like this are perfect for those larger expenses you were going to make anyway...and even better if it not even your money!!

  11. ceejay74 Says:

    Ooh, this is a good one. NT and I have a joint Chase Freedom, but AS doesn't have any Chase cards open right now. Think I'll sign her up for it!

  12. Dani Says:

    does closing cards decrease your credit score?

  13. FrugalTexan75 Says:

    When some bank (that I can't remember right now) closed, my credit card with them became a Chase Freedom card. Sad, because this would be a deal/amount I could manage. Oh well. Smile

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