Chase offers four no annual fee cash back cards which include two business cards and two personal cards. These cards earn Ultimate Reward Points which can be redeemed for a cash value of 1 cent per for gasoline, statement credits, and a variety of other rewards. One could say that the card earns points because it is worth something, whether it is a dollar or a nickel. The cash back program is operated electronically and is based on a point system. This is one of the reasons why it is called “points” instead of “cash.”
Every time a new card is offered, there is a rotation of the point values around. A person who has an account with Chase will start off with 100 points. After making the purchase of a certain product over a period of time, they can increase their points up to two thousand. When a person reaches a specific amount of points that year-round, they can redeem them for gift certificates or other things. The rotating bonus cash back offer is a good deal for any consumer.
All four of the no annual fee, zero annual fee Chase cards are intended for the consumer who wants the rewards without having to spend too much on interest payments. Freedom Flex, for example, earns five hundred points per month for use at the participating pharmacies. A person can earn as much as two percent back for spending, or five percent when using the cash back program as well. In addition, Freedom Flex lets a person earn a fifteen-percentage point bonus for every dollar that they charge to their account.
The rotating quarterly categories per quarter are meant to entice a consumer into increasing the spending, while earning points. For example, the top reward is worth twenty-five dollars for every hundred dollars that a person spends. Every two hundred dollars that a person spends earns one percent in reward points. That means that a person who spends fifty dollars at the grocery store can earn fifty dollars back. This is the exact opposite of the usual rewards rate structure of most cards.
There are some other ways that Chase offers more benefits and fewer restrictions. They offer a ten percent off the top purchase price when a customer makes their first purchase in a new, eligible, loyalty card. There are no blackout dates or minimum spending requirements. Additionally, there are no blackout fees when a customer makes their first Chase cash back transaction at the same grocery store. The customer gets a five-percentage point bonus on the first purchase and receives a three-percent point bonus for every five purchases after the first for eligible purchases.
Freedom Mobile offers a couple of different incentives as well. They offer a twenty-five dollars off the regular purchase price of any order placed through the Internet. Additionally, there is no annual fee for any account. Any customer who makes five purchases online while using the promotional codes can also earn five percent cash back. A person must make their account active in order to receive either the twenty-five dollars off the regular purchase or the fifteen dollars off the Internet order.
One of the best features of the Chase Freedom Mobile Card is the fact that there is not a cap on the amount of cash back that can be earned. In other words, a person does not have to pay a maximum to earn all of the available cash back. The customer can earn five percent cash back on general purchases and up to a maximum of fifty percent cash back on grocery store purchases. This means that a person can earn a little bit of cash back on every dollar spent on their Chase Freedom Mobile Card, which allows them to save money.
The one drawback to the card is the fact that there is an annual fee, which can become very expensive over time. There is also a twenty-one day grace period before the customer has to begin paying back their debt. People interested in finding out more about cash back rewards cards should take a look at their nearest Chase bank or Credit card headquarters to see what options they have to benefit from.