Chase Unveils Q2 Freedom 5% Cash Back Categories

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Last updated on September 6th, 2023

Chase has announced the second quarter of its 5% Cash Back Calendar. Eligible Chase credit cardholders can earn 5% back on purchases in these new categories starting April 1 through June 30, 2023. What are the new categories, and should you consider getting an eligible Chase Freedom card? Here are all the details.

New 5% Cash Back Categories Announced by Chase

Chase offers a variety of popular cash back credit cards, with the proprietary “Freedom” the most popular. Two Chase credit cards earn 5% cash back on rotating categories. Those cards are the Chase Freedom (no longer accepting new applicants) and the Chase Freedom Flex World Elite Mastercard. These 5% back categories change each quarter, with the second quarter of 2023 beginning April 1.

The new 5% cash back categories for Q2 2023 are and Lowes. Cardholders earn 5% cash back on the first $1,500 spent per quarter in those two categories. After the $1,500 cap is reached cardholders earn 1% back on those quarterly categories until Q3 2023 begins. Additionally, the bonus categories require activation through the Chase mobile app or online at Chae’s website. 

These two categories offer significant value for Chase Freedom and Freedom Flex cardholders. Amazon is an evergreen bonus category, thanks to its nearly endless array of services and products. Lowe’s, on the other hand, will appeal to the homeowner looking for spring cleaning essentials – or maybe just planning a small renovation project. 

Chase Freedom 2023 Calendar

Lowes and purchases are the bonus categories for the second quarter of 2023. These categories take over from the Q1 categories:  Target, grocery stores (excluding Walmart), plus fitness and gym memberships.  Here is the full Chase Freedom 2023 Cash Back Calendar:

5% Cash Back Category
January - March 2023 Target, grocery stores (excluding Walmart), plus fitness and gym memberships
April - June 2023 and Lowe’s
July - September 2023 Gas stations/EV charging and live entertainment
October - December 2023 PayPal, wholesale clubs, and select charities

Official Terms and Conditions

Chase outlines specific rules and regulations regarding eligible purchases. Eligible cardholders must enroll their card before earning 5% back. They can activate the categories online at The last day for Q2 registration is June 14, 2023.

Keep in mind that the 5% cash back applies to the first $1,500 in purchases in the quarter. Once a cardholder spends over $1,500 in those eligible categories, they will earn 1% cash back on all purchases until the third quarter begins on July 1, 2023, for a different set of categories.

Related Article: The Best Cash Back Credit Cards

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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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