Home > Credit Card Reviews > Chase Freedom Offers 5% Cash Back at Wholesale Clubs

Comments 1 Comment

[UPDATE: Some offers mentioned below have expired and/or are no longer available on our site. You can view the current offers from our partners in our credit card marketplace. DISCLOSURE: Cards from our partners are mentioned below.]

Extra cash back at wholesale clubs is trending.

Chase announced this week that its Freedom credit card “will continue to offer the 5% cash back category of Wholesale Clubs through the end of the year.” That’s good news for those who frequent stores like Costco, BJ’s and Sam’s Club. Freedom cardholders (you can see a full review of the card here) can earn up to 5% cash back on up to $1,500 spent in revolving bonus categories each quarter; they earn 1% cash back on all other purchases. (You can compare different cash back credit cards here.)

Chase’s announcement comes just ahead of the June 20 rollout for Citi’s Costco Anywhere Visa credit card. That card, which replaces Costco’s TrueEarnings Card from American Express, will allow eligible cardholders to earn 4% cash back on gas (up to $7,000 per year, then 1%); 3% at restaurants and on travel purchases; 2% on Costco and Costco.com purchases, and 1% elsewhere. You can read more about that card here(Full Disclosure: Citibank, Chase, Bank of America and American Express advertise on Credit.com, but this does not result in preferential editorial treatment.)

Earlier this month, Bank of America moved to give its BankAmericard Cash Rewards cardholders 2% cash back at wholesale clubs in addition to 3% cash back on gas, 2% cash back on groceries, and 1% cash back on all other purchases.

Of course, before you apply for these cards or any other credit cards you may be considering, you’ll want to know where your credit stands. The last thing you want is to apply for a card only to be turned down and see your score suffer due to the inquiry. (You can view two of your credit scores, updated every 14 days, for free on Credit.com.)

And remember, while the perks of a rewards credit card may seem enticing, you won’t do yourself any favors by ramping up your spending just to earn more rewards if you can’t pay off your balances. If keeping a budget or making a few purchases and paying them quickly (and on time) sounds like too big an ask, a rewards credit card may not be the best fit for you.

At publishing time, the Chase Freedom, BankAmericard Cash Rewards credit cards are offered through Credit.com product pages as are Citibank and American Express products, and Credit.com is compensated if our users apply and ultimately sign up for these cards. However, this relationship does not result in any preferential editorial treatment.

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

Image: YinYang

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

  • http://www.cashbackloop.com CashbackLoop

    The Fidelity Visa Rewards also offers 2% cashback with no annual fee at wholesale clubs too.

Credit.com receives compensation for the financial products and services advertised on this site if our users apply for and sign up for any of them.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.

Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team