Confusion about Chase 5x Rewards $1500 limit

Discussion in 'Other Credit Card Programs' started by lusfort, Oct 29, 2012.  |  Print Topic

  1. lusfort

    lusfort Silver Member

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    Hi all, A little confused here.

    For the bonus category of spend,

    Must all expenditure be completed within the first 1,500 of spend each month?

    or Chase will auto sort through my purchases and tease out those qualifying transactions to make up the 1,500.

    Thanks for your help!
     
  2. mommypoints

    mommypoints Gold Member

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    Hi, if you are talking about the quarterly Freedom 5%/5x benefits then it is $1,500 per quarter and all bonus categories are combined into that $1,500 limit. You can do the $1,500 (or less) at any time during the quarter and it should be counted. For example, spend $500 at Best Buy in November, $200 at Kohls in November, and $800 on airline tickets in December mixed in with all your other spending, and it should all count at 5x if you registered for the quarterly bonus.

    Hope that helps!
     
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  3. edekba

    edekba Gold Member

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    $1,500 per qtr not monthly. And they'll keep of track of what you spend where you spend. Though sometimes when transactions post near your statement cut off; the points will not post that month but will appear on next month's statement.
     
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  4. MX

    MX Gold Member

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    Expense categories are provided by merchants, when they submit the charges for payment. You can make your charges in any sequence you like. The limit will only apply to the bonus categories.
     
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  5. lusfort

    lusfort Silver Member

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    Thanks for the quick response

    Alright I think I didn't make myself clear enough.

    Here is an example.

    For the promotions this quarter

    1st Oct: 500 in Banana Republic ( non bonus )

    15 Oct: 500 in Gap ( non bonus category)

    20 Oct: 500 in Prada ( non bonus category)

    Total Spend so far $1,500

    20 Oct: 500 in United Airlines for ticket ( bonus cat)

    So will the transaction on 20th Oct qualify for the bonus cat? since i've already made 1,500 in purchases prior?
     
  6. mommypoints

    mommypoints Gold Member

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    Yes, no worries about what order you make the spending. Chase will track the first $1500 in the bonus categories.
     
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  7. edekba

    edekba Gold Member

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    If that was your statement you would get 1500UR + 2500UR (Airline). You still have $1000 to spend in the bonus categories for the next 2 months. Once you go over the $1500, all spending gets reset to 1UR/$
     
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  8. lusfort

    lusfort Silver Member

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    Thank you all! I've been foolishly curbing my spend on this card for the last 4 months cause i thought any transaction would bring me over the limit. How silly..
     
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