[Expired] Chase Freedom Unlimited/Flex: $200 Bonus + 5% Back On Groceries First Year (Up To $12,000)

Update 12/6/22: This offer is showing on referral links as well

The Offer

Direct link to offer

Chase is offering a special bonus on the Chase Freedom Flex and Chase Freedom Unlimited cards:

• Get the standard $200 sign up bonus after $500 in spend; in addition, the card will earn 5% cashback on Grocery purchases in the first year, up to $12,000 in spend.

Card Details

Freedom Flex

• No annual fee
• Card earns the following points rates:
  • 5% on rotating Quarterly Categories on up to $1,500 in total purchases (e.g. Q4 2020 will be PayPal and Walmart)
  • 5% on Travel purchased through Chase Ultimate Rewards
  • 3% on Dining 
  • 3% on Drugstore 
  • 5% on Lyft through March 2022
  • 1% unlimited cash back 

Freedom Unlimited

• No annual fee
• Card earns 1.5% cash back on all purchases

Our Verdict

We saw this exact offer a year back, then it changed to 5% Gas instead of Grocery. A lot of people will like this change back to Grocery; plus, the Grocery has a higher $12,000 limit. Hopefully this offer will become available via referrals soon as well.

Keep in mind while these cards talk about cash back you actually earn Chase Ultimate Rewards points. This means if you have an annual fee card such as Chase Sapphire Preferred, Chase Sapphire Reserve, Chase Ink Plus or Chase Ink Preferred then you can transfer these points to travel partners. You could also use these points for the Chase Pay Yourself back feature to make them worth 1.5¢ each.

Unfortunately a lot of readers won’t be eligible for these cards/bonus due to the Chase 5/24 rule. We will still be adding this to our list of the best credit card bonuses.

There’s also an alternative bonus option for the Freedom Unlimited card to get a bonus 1.5% back on up to $20,000 in spend everywhere during the first year. That’s 30,000 bonus points if maxed out.

Hat tip to MtM