Chase Unveils Freedom Q4 2021 5% Cash Back Categories

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Last updated on March 8th, 2023

Chase has announced the Q4 2021 5% cash back categories for two of its most popular credit cards, the Chase Freedom Flex and Chase Freedom. From October through December 31, cardmembers can earn up to $1,500 in cash back rewards using their cards for PayPal purchases and in-store purchases at Walmart.

Chase Freedom 5% Back Rotating Categories for Q4 Now Live

The Chase Freedom 5% cash back categories for October through December 2021 are now live. The new categories for Q4 2021 for Freedom and Freedom Flex cardmembers are PayPal and purchases at Walmart stores.

Cardmembers earn 5% back on the first $1,500 in combined spending at Walmart and PayPal. These purchases are subject to applicable MCC merchant codes and payment methods. Please 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 2021 Chase Freedom 5% Cash Back Calendar:

Alleviating “Holiday High-Spend Anxiety”

Chase states that the new categories are designed to help alleviate some of the stress of that holiday high-spend anxiety, and it is easy to see why. Walmart is one of the nation’s leading retailers, offering an expansive selection of goods, including groceries, electronics, clothing, and more. And with over 4,700 Walmart locations in the US alone, there is sure to be a Walmart nearby to help Chase Freedom cardholders maximize their rewards.

PayPal is another excellent category as it offers a broad selection of purchasing options. PayPal is one of the most popular mobile wallet platforms available, allowing cardholders to make purchases in-store and online with thousands of retailers.

About the Chase Freedom Flex

The Freedom Flex is Chase’s premier cash back credit card, offering up to 5% back on rotating categories. The card also provides exceptional value in other non-rotating categories, however. Cardmembers also enjoy impressive rewards in the following categories:

  • 5% cash back on eligible grocery store purchases on up to $12,000 spent in the first year
  • 5% back on travel purchased through Chase Ultimate Rewards
  • 3% on dining at restaurants, including takeout and eligible delivery services
  • 3% on drugstore purchases
  • 1% back on all other purchases

Chase Freedom (no longer accepting new applicants) and Freedom Flex cardmembers also enjoy 25% more value when making donations to a dozen charitable organizations through the Chase Pay Yourself Back Program.

Related Article: Chase, Discover, & ABOC 2021 5% Cash Back Calendars

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Cory Santos

Cory is's "Jack of all trades" and resident credit expert, covering all facets of the credit card space. Cory holds academic degrees in both the U.S. and U.K. In addition to credit cards, Cory finds that jogging, cats, and memes are essential parts of a balanced day.

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