Last updated on March 21st, 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 Amazon.com 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 Amazon.com 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||Amazon.com and Lowe’s|
|July - September 2023||TBD|
|October - December 2023||TBD|
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 chase.com/freedomflex. 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