Chase Freedom Q4 2023 5% Cash Back Categories Announced

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Last updated on January 2nd, 2024

Chase has announced the Q4 2023 5% cash back categories for two of its most popular credit cards, the Chase Freedom Flex and Chase Freedom. From October 1st through December 31st, cardmembers can earn up to $1,500 in cash back rewards using their cards for PayPal purchases, at wholesale clubs, and for select charities.

Chase Freedom 5% Categories for Q4 2023 Announced

The Chase Freedom 5% cash back categories for October through December 2023 are now live. The new categories for Freedom and Freedom Flex cardmembers include PayPal and purchases at Walmart stores.

Cardmembers earn 5% back on the first $1,500 in combined spending at PayPal, wholesale clubs (like Sam’s Club or Costco), and select charitable donations.  Keep in mind, though, that these purchases are subject to applicable MCC merchant codes and payment methods. Refer to the 5% Cash Back Calendar below or the Chase website for a complete list of Chase terms and conditions.

Here is the final 2023 Chase Freedom 5% Cash Back Calendar:

Date 5% Cash Back Category
Q1 January - March 2024 Grocery stores (excluding Walmart), self-care and spa services, plus fitness and gym memberships
Q2 April - June 2024 TBD
Q3 July - September 2024 TBD
Q4 October - December 2024 TBD

Wholesale Clubs

Whether you are stocking up on holiday party items, gifts for family and friends, or preparing for a holiday dinner, Cardmembers can earn 5% off all the essentials at their favorite wholesale club.

Merchants in this category operate warehouse-style retail stores, sell in bulk, and concentrate on price appeal. These merchants sell a full range of household goods and merchandise, groceries, furniture, electronics, appliances, and auto supplies. These merchants may or may not have membership requirements. Gas, fuel, wholesale specialty service purchases such as travel, insurance, cell phone and home improvement will not qualify in this category. Delivery service merchants will be included if they are classified as wholesale club merchants. Mastercard is not accepted at Costco warehouses or at gas stations.

Select Charities

 Cardmembers can “feel the reward” when they donate to select charities by earning cash back and helping needy organizations.

Includes American Red Cross, Equal Justice Initiatives, Feeding America, Habitat for Humanity, International Medical Corps, International Rescue Committee, Leadership Conference Education Fund, NAACP Legal Defense and Educational Fund, National Urban League, Thurgood Marshall College Fund, United Negro College Fund, UNICEF USA, United Way, World Central Kitchen, GLSEN, Out and Equal, Sage

PayPal

Cardmembers can earn 5% cash back on eligible purchases made when checking out with PayPal at tens of millions of online businesses.

Purchases made using PayPal at merchants in the current 5% quarterly categories will be awarded a total of 5% Cash Back rewards. Payments made through the Xoom transfer service are not eligible for 5%. Must have/open a PayPal account. Please note, Person-to-Person (P2P) transactions made with your Chase Freedom card on PayPal may be prohibited or not eligible for 5%.

About the Chase Freedom Flex

The Freedom Flex is Chase’s flagship cash back credit card, earning up to 5% back on rotating categories. The card also provides exceptional value in other non-rotating categories, plus a generous welcome offer, 0% introductory APR, and more – all for no annual fee

Chase Freedom Flex

Chase Freedom Flex
Excellent-Good
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: Excellent / Good
Mastercard Processing Network
None Annual Fee

Chase Freedom Flex

  • 20.49% to 29.24% variable based on creditworthiness and the Prime Rate Regular Purchase APR
  • 20.49% to 29.24% variable based on creditworthiness and the Prime Rate Balance Transfer APR
  • 29.99% variable based on the Prime Rate Cash Advance APR
  • 0% for 15 months from account opening date Intro Purchase APR

At a Glance

The Chase Freedom Flex is a hybrid cash back credit card that offers something for everyone. The card earns 3% cash back on dining and drugstore purchases, plus up to 5% back on rotating categories each quarter after activation – all for no annual fee.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening
  • Earn 5% on up to $1,500 on combined purchases in bonus categories each quarter you activate
  • Earn 5% on travel purchased through Chase Ultimate Rewards
  • Earn 3% on dining at restaurants, including takeout and eligible delivery services
  • Earn 3% on drugstore purchases
  • Earn 1% on all other purchases
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 19.24%-27.99%
  • No annual fee - You wo't have to pay an annual fee for all the great features that come with your Freedom Flex℠ card
  • Intro Purchase APR: 0% for 15 months from account opening date
  • Regular Purchase APR: 20.49% to 29.24% variable based on creditworthiness and the Prime Rate
  • Intro Balance Transfer APR: 0% for 15 months from account opening date
  • Balance Transfer APR: 20.49% to 29.24% variable based on creditworthiness and the Prime Rate
  • Balance Transfer Transaction Fee: Intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that: Either $5 or 5% of the amount of each transfer, whichever is greater.
  • Cash Advance APR: 29.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
  • Penalty APR: Up to 29.99%
  • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $40
  • You want a versatile cash back credit card that earns rewards across various categories
  • You don’t mind the lower cash back rates for dining and drugstore purchases over previous Chase cards
  • You prefer to book travel through Chase Ultimate Rewards
  • You don’t want to pay an annual fee for premium Mastercard features

Chase Freedom and Freedom Flex cardmembers must activate their bonus categories before they earn 5% back on the first $1,500 in spending each quarter. Fortunately, activating new categories with Chase is easy. Bonus categories can be activated by visiting the Chase bonus activation page or logging in to your Chase account. 

As noted, the Freedom Flex also earns bonus rewards on non-rotating categories. Cardmembers earn:
  • 5% on travel purchased through Chase Ultimate Rewards
  • 3% on dining at restaurants, including takeout and eligible delivery services
  • 3% on drugstore purchases
  • 1% on all other purchases
There is no cap on rewards earned, and rewards don’t expire as long as the account is open and in good standing. Chase Freedom Flex cardmembers can opt to redeem their rewards through Chase Ultimate Rewards at a rate of 1% cash back to one Ultimate Rewards point. 

Other Rotating Category Cards

The Freedom Flex isn’t the only rotating category cash back credit card on the market today. The Discover It Cash Back is an excellent no-annual-fee card offering 5% cash back on rotating categories. Another previous contender was the Citi Dividend Card. however, that card is no longer open to new applicants. Amalgamated Bank of Chicago (ABOC) also featured a 5X rotating category card, but that too has been discontinued. 

Related Article: 2023 Discover & Chase 5% Cash Back Calendar

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About: Cory Santos
Cory Santos

Cory is the senior credit card editor at BestCards, specializing in everything credit card-related. He’s worked extensively with credit cards and other personal finance topics, including nearly five years at BestCards. Cory’s extensive knowledge is an essential part of the BestCards experience, helping readers to live their best financial lives with up-to-date insights and comprehensive coverage of all facets of the credit card space, including market trends, rewards guides, credit advice, and comprehensive credit card reviews.

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