The Chase Freedom Credit Card page on Facebook is giving away $500 every hour until the promotion ends at 11:59 PM EST on October 23, 2011. Additionally, they are giving one grand winner a prize of 1 million dollars! The sweepstakes is only open to residents of the US and you must be 21 years of age or older.
To enter you must go to the Chase Freedom Facebook page, “like” their page, and follow the “Enter Sweepstake” directions. While you are on the page, you can also head over to the “Great Gift Card Sweepstakes” and enter to win a $1,000 gift card to Kohls.
Additionally, if you currently have the Chase Freedom Credit Card, make sure to activate this quarters 5% bonus categories. You can do this on the facebook page as well in the “5% Cash Back” tab. The Q4 (October 1 – December 31) 5% categories include: Dinning, Department Stores, Movie Theaters, and Charitable Donations. The 5% is capped at $1,500 in purchases total ($75 cash back). Also, this quarter, you will receive a special bonus of5% cash back up to $1,500 spent at Kohl’s. You must activate the Q4 bonus by December 14th of this year (and yes, purchases prior still count!). Additionally, you will still receive 1% cash back on all other purchases and the bonus categories over the $1,500. You can read a full review of this credit card on a previous post.
Chase allows you to transfer your points earned from a Chase Freedom card to another persons Chase account, including those that are tied to the Ultimate Rewards program. This means that if you or a friend/family member have the Chase Sapphire Preferred credit card or the Chase Ink Bold credit card, you can transfer points from a Chase Freedom card over to that account. This could help you consolidate all your Chase points into one account and then transfer the points over to a participating loyalty partner (Continental, United, British Airways, Korean Air, Marriott, Hyatt, Priority Club, and Amtrak). Transferring points to a loyalty partner is typically where you can get more value for each point vs. getting the cash back. For example, the $1,500 spend on the bonus categories at 5x per dollar will equate 7,500 points, with a transfer ratio of 1:1 to any of the participating partners.
Editorial Note: Opinions, analyses, reviews or suggestions expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.