Getting money back for purchases I regularly make everyday is my favorite way to save. It’s why I love couponing, cash back sites, and cash back reward credit cards like Chase Freedom, which offers unlimited 1% cash back on every purchase, no annual fee, and a $100 signup bonus. With these methods I don’t have to go out of my way to be rewarded: I save on purchases I was already making.
The question now is, what do you do with your cash back rewards? Do you use them as soon as you reach the thresholds? Do you bank them until the holiday season, or a birthday, or your next big trip? Or do you apply them toward a large purchase?
The decision will be based on you and your family’s need. At one point in my life I would have redeemed my cash back immediately so we could have a little more breathing room in our tight low-income budget. Now, I have intentionally been saving up our cash back rewards across the board for holiday shopping, which will leave our budget stable and our holiday still magical.
When it comes time to redeem cash back, it can be difficult to get all the rewards and credits to show up when and where you need them. That’s one of the great benefits of the Chase Freedom Mobile App: you have them with you as you shop on your phone! The Chase Freedom Mobile App, which is free to download for both Android and iOS, enables Chase Freedom cardholders to use their phone to redeem cash back rewards directly at checkout at select merchants including Gap, Target, Starbucks, Toys”R”Us and more!
You can see how easy it is to use while shopping by watching this video:
This totally seems like a cute activity to do with the kids or on a date night in! And with cash back, you don’t have to feel guilty splurging on some family fun.
The Chase Freedom Mobile App is also important to have if you are a Chase Freedom cardholder because you can easily activate the quarterly 5% cash back bonuses through the app. You can learn more about Chase Freedom and the Chase Freedom Mobile App here.
If you’re saving up rewards for a special occasion, I suggest planning a shopping trip! I’m excited to use my cash back during the holidays this year. How and when do you use your cash back rewards?