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Hey credit warriors, welcome to the show and if you have the Chase Freedom Flex or the older Chase freedom card, or are thinking about getting a freedom Flex card for yourself, you will be interested in what we are going to cover in this video. Because Chase just announced the new 5% cash back categories for the second quarter of 2022.

Before we start this video, don’t forget for this month you can get up to 12 free stocks when you open a new brokerage account with the zero commission investing app webull, and that is for depositing any amount of money, even like $5. Link below, I’ll tell you more at the end of the video.

So the Chase freedom Flex and the older freedom which is no longer available to new customers but many people still have, earn 5% cash back in rotating categories, that change each quarter. There is a spending cap of $1500 and then it goes down to 1%. But that is still an additional $75 or 7500 points you can earn in the categories. Before we show you what they will be changing to on May 1st, let’s just remind you of the categories for quarter 1, incase you haven’t maxed them out yet, you still have two weeks.

So for quarter 1 the 5% categories are, grocery stores excluding walmart, target and fitness clubs and gym memberships. You can see on one of my freedom cards I am about 60, maybe 65% of the way through the $1500 spending cap, so I will definitely make a few more trips to shop rite before the end of March and see if I can max it out. On my other freedom card, yes I have two, I haven’t spent anything in the categories.

And yeah, you can have more than one freedom, I got my second one through downgrade from the sapphire reserve. Actually I used to have three, so that would be $4500 I could earn 5% back on each quarter, or $225 in cash back slash 22,500 points. But I never even came close to maxing the categories out, so i canceled the freedom flex to free up credit with Chase so they would approve me for a new card, and now I am left with two freedoms and a $3000 quarterly spending allowance and I still haven’t maxed that out either.

But anyway, let’s actually reveal the categories for quarter two of 2023 and they are:

Amazon dot com and Lowes

Now I think these categories could be amazing for some people and kind of meh to others. I order a lot from Amazon so I will switch my payment method to the freedom. I do have the amazon credit card from chase too, but I would prefer to earn points rather than cash back, they are pretty much double as valuable to me. But if you are on team cash back and you already have the Amazon prime visa which also earns 5% at Amazon, you are just going to be like meh.

Then for Lowes, the reason that is a category is we are coming into spring and this is typically when people start doing home improvement projects as the weather gets better. For example buying a new grill, or building a new deck in the backyard ready for summer.

So let me know what you think of those categories in the comments below. Don’t forget you still have two weeks to max out grocery stores and gym memberships. Also you do need to activate the categories for the next quarter so you should receive an email tomorrow about it, you can also activate them in your online account starting tomorrow February 15th and if you use any Chase ATM you will probably see a prompt on screen to activate them too.

Thanks for watching, don’t forget to get your 12 free stocks from webull, valued between $34 and $30,000, luck of the draw what you get, link below. Please subscriber to the channel if you are new and we will see you next time. Bye.

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