’Tis the Season to Cash Back with Chase Freedom® Q4 2024 Categories: McDonald’s, PayPal, Pet Shops & Vet Services and Select Charities

Rhea-AI Summary

Chase Freedom has announced its Q4 2024 cashback categories, offering cardmembers the chance to earn 5% cash back (up to $1,500) at PayPal, pet shops, vet services, and select charities. Freedom Flex cardmembers can earn 7% cash back on all purchases at McDonald's by stacking quarterly and dining cashback. The promotion runs from October 1 to December 14, 2024.

Chase Freedom Flex cardmembers continue to earn 5% cashback on travel booked through Chase Travel, 3% on dining and drugstore purchases, and 1% on all other purchases. This announcement comes ahead of the 15th anniversary celebration of Freedom's rotating categories in 2025.

Positive

• Introduction of new 5% cashback categories for Q4 2024, potentially increasing card usage and revenue
• 7% cashback offer at McDonald's for Freedom Flex cardmembers, likely to boost card transactions
• Continuation of existing cashback benefits on travel, dining, and drugstore purchases
• Upcoming 15th anniversary celebration of Freedom's rotating categories in 2025, potentially increasing customer engagement

Negative

• 5% cashback to $1,500 in purchases, potentially capping revenue from high-spending customers
• Specific category restrictions may limit the appeal to some cardholders

Insights

Financial Analyst

Chase's Q4 2024 Freedom and Freedom Flex card promotion appears strategically timed for the holiday season, potentially boosting consumer spending and card usage. The 5% cashback on PayPal could significantly increase online transactions, while the 7% cashback at McDonald's may drive foot traffic and app orders. The inclusion of pet-related expenses and charitable donations in the cashback categories is a savvy move, appealing to pet owners and socially conscious consumers.

From an investor's perspective, this promotion could lead to increased transaction volumes and, consequently, higher interchange fees for Chase. However, the generous cashback rates might slightly compress margins in the short term. The long-term strategy seems focused on customer acquisition and retention, which could positively impact Chase's market share in the competitive credit card industry.

Market Research Analyst

Chase's Q4 2024 promotion demonstrates a keen understanding of consumer behavior and market trends. The inclusion of PayPal aligns with the growing preference for digital payments, while McDonald's targets the quick-service restaurant sector, which has shown resilience in economic downturns. The pet category taps into the booming pet care industry, estimated to reach $232.14 billion globally by 2025. The charity option resonates with the increasing consumer focus on social responsibility.

This multi-faceted approach could potentially increase Chase's card usage across diverse spending categories, enhancing customer loyalty and potentially attracting new cardholders. The promotion's timing, coinciding with the holiday season and year-end charitable giving, is likely to maximize its impact and could lead to a notable uptick in Chase's credit card market share.

Freedom and Freedom Flex^® cardmembers can earn 5% cash back on activated categories and 7% cash back at McDonald’s throughout the holiday season

WILMINGTON, Del.--(BUSINESS WIRE)-- Today, Chase Freedom announced its latest Q4 categories, which offers cardmembers the opportunity to get back and give back with their cashbacking. This quarter, cardmembers can take advantage of 5% cash back (up to $1,500) at PayPal, pet shops and vet services as well as select charities. Plus, Freedom Flex cardmembers have the chance to supersize their holiday rewards by stacking their quarterly cash back with their always-on dining cash back for a total of 7% cash back¹ on all purchases at McDonald’s.

“We’re rounding out the year with another set of exciting rotating bonus categories for Chase Freedom Flex cardmembers,” said Brent Reinhard, General Manager of Chase Freedom. “Whether you’re eating out, buying something for yourself or your pet or donating to one of our select charities during the season of giving, activating these categories provides an opportunity to earn more on your cashbacking habits. And looking ahead to 2025, we can’t wait to share what we have in store for cardmembers during the 15th anniversary celebration of Freedom’s rotating categories. This milestone not only marks a significant achievement for us but also gives us an opportunity to celebrate and thank our loyal customers for their continued support over the years.”

Starting today through December 14, 2024, Chase Freedom and Freedom Flex cardmembers can activate to earn cash back on the following shopping moments during Q4 2024:

• McDonald’s¹: Did someone say McFlurry? Cardmembers can reward themselves with their favorite on-the-go snack, Happy Meal and more with 7% cash back on all McDonald’s purchases!

• PayPal²: Connect a Chase Freedom card to PayPal and enjoy 5% cash back on all purchases.

• Pet Shops and Vet Services³: With 5% cash back on pet shops and vet services, cardmembers can ensure their pets are healthy and happy.

• Select Charities⁴: For those looking to give back this holiday season, Chase Freedom cardmembers can donate to select charities using their Freedom card and get 5% cash back.

Chase Freedom Flex cardmembers also continue to earn:

• 5% cash back on travel booked through Chase Travel^SM
• 3% cash back on dining at restaurants (including takeout and eligible delivery services)
• 3% cash back on drugstore purchases
• 1% cash back on all other purchases

With the busy holiday shopping season near, activate these bonus categories today to unlock a holiday season brimming with gift giving and cashbacking!

For more information on participating merchants and how to activate Freedom and Freedom Flex’s quarter category offers, visit Chase.com/Freedom or Chase.com/FreedomFlex.

About Chase
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading financial services firm based in the United States with assets of $4.1 trillion and operations worldwide. Chase serves more than 82 million consumers and 6.4 million small businesses, with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Customers can choose how and where they want to bank: More than 4,800 branches in 48 states and the District of Columbia, more than 15,000 ATMs, mobile, online and by phone. For more information, go to chase.com.

¹ Purchases in the McDonald’s category include purchases at McDonald’s stores, including locations within third-party vendors, and on the McDonald’s mobile app. Delivery and takeout services will be included if they are classified under the McDonald’s restaurant merchant. Gift cards and McDonald’s merchandise purchased from 3^rd parties will not be included. This quarter, Freedom Flex cardmembers can stack 5% quarterly cash back on McDonald's purchases with their standard 3% on dining. Since both quarterly cash back and standard cash back are earned as additional cash back on top of the base 1% cash back earned on each purchase, the most cardmembers will earn is 7% cash back on McDonald's (1% on every purchase + additional 2% on dining + quarterly additional 4% on McDonald's).

² This category includes purchases made using your Chase Freedom card with PayPal. Purchases made using PayPal at merchants in the current 5% quarterly categories will be awarded a total of 5% Cash Back rewards. Payments made through the Xoom transfer service are not eligible for 5%. Must have/open a PayPal account. Please note, Person-to-Person (P2P) transactions made with your Chase Freedom card on PayPal may not be eligible for 5%.

³ Merchants in this category provide products and/or services for pet care. Pet shops, including online pet shops, sell domestic pets, pet supplies, accessories, pet food, and/or services for the upkeep of pets. Vet Services include licensed practitioners who provide veterinary medicine, dentistry or surgery for pets, livestock and other animals. Doggy day care, pet insurance, and pet grooming will not be included.

⁴ Merchants in this category includes the charities listed below: American Red Cross, Equal Justice Initiatives, Feeding America, Habitat for Humanity, International Medical Corps, International Rescue Committee, Leadership Conference Education Fund, NAACP Legal Defense and Educational Fund, National Urban League, Thurgood Marshall College Fund, United Negro College Fund, UNICEF USA, United Way, World Central Kitchen, GLSEN, Out and Equal, Sage. To ensure your charitable donation is eligible for the 5% Cash Back reward, be sure to donate directly to the charity’s parent organization using the links provided here or on the Merchant List page. Local chapters may not be eligible due to transaction processing procedures.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240916034362/en/

Media:

Colton Moore

colton.moore@chase.com

Source: Chase Freedom

FAQ

What are Chase Freedom's Q4 2024 cashback categories?

Chase Freedom's Q4 2024 cashback categories include PayPal, pet shops, vet services, and select charities, offering 5% cashback on up to $1,500 in combined purchases. Additionally, Freedom Flex cardmembers can earn 7% cashback at McDonald's.

How much cashback can Chase Freedom Flex cardmembers earn at McDonald's in Q4 2024?

Chase Freedom Flex cardmembers can earn 7% cashback on all purchases at McDonald's during Q4 2024 by stacking the 5% quarterly cashback with the standard 3% dining cashback.

When does the Chase Freedom Q4 2024 cashback promotion run?

The Chase Freedom Q4 2024 cashback promotion runs from October 1 to December 14, 2024.

What is JPM (Chase's parent company) planning for Chase Freedom's 15th anniversary?

JPM is planning a celebration for the 15th anniversary of Chase Freedom's rotating categories in 2025, though specific details have not been announced yet.