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The Chase Freedom Triple Miles Credit Card offers great rewards for those who want air miles. You start earning miles on your very first purchase. One unique feature the Chase Freedom Triple Miles Card offers its cardholders is the option to choose what form their rewards come in. If you already have enough air miles saved up you can choose to receive cash back or reward points instead. In addition, the $30 yearly program fee will be waived the first year.
10,000 Bonus Miles
On your first purchase you will receive 10,000 bonus miles for just being a new card member. A first purchase can include balances transfers or any checks that are used to access your account, but cash advances do not count towards the bonus mile. This is a onetime offer good for only new card members.
Earn Triple Miles
Here’s how you can earn your triple miles. You will earn 1 base mile for each $1 you spend. At the end of each billing cycle an additional 2 bonus miles will be applied to your account for each $1 you spend at merchant locations in the 6 bonus categories where you have spent the most. These bonus categories can change each month based on your spending habits.
In order to receive the bonus miles the merchants must classify themselves in one of the following categories:
- grocery stores (no warehouse clubs or discount stores or departments of superstores)
- gas & convenience stores
- quick service payment/fast food restaurants
- telecommunications
- cable/satellite TV/Internet Service Providers
- video rentals
- department stores
- dry cleaners
- drugstores
- movie theatres
- local and suburban commuter passenger transportation(including ferries, bridges, tolls, parking garages, taxis/limos)
- pet supply stores and veterinary services
- utilities
- beauty shops (salons and spas)
- Gym/recreation memberships
Online and catalog purchases will qualify for bonus miles as long as the merchant uses one of the categories above to classify your purchase. This might be something you want to clarify in advance with the online merchant so you know if you will receive bonus miles.
Switch Between Miles, Cash Back, and Points
Once during each billing cycle you have the option to switch between receiving miles, cash back, or points. If you choose to switch how you earn rewards once you become a card member, and you are earning your rewards as rebates, your rebates will be converted to points at a rate of $0.01 to one point, and to miles at a rate of $0.01 to one mile. For example, $5 in rebates will transfer to 500 points or 500 miles. If you are earning your rewards as points, your points will be converted to rebates at a rate of 1 point to $0.0,1 and to miles at a rate of $0.01 to one mile. For example, 500 points will transfer to $5 in rebates or 500 miles. If you are earning your rewards as miles, your miles will be converted to rebates at a rate of 1 mile to $0.01, and to points at a rate of 1 mile to one point. For example, 500 miles will transfer to $5 in rebates or 500 points.
It is important to understand how this conversion works because you can only switch this once each billing cycle.
Summary
To sum it up, if you are wanting a cash back rewards credit card that is geared towards air miles this card would be one to consider. However, this card is not recommended for balance transfers because of the variable APR of 13.24%. There are better options if you are seeking a balance transfer credit card.