Chase Freedom Month of More: Cardholders Enjoy Discounts and Extra Rewards

Updated: November 1, 2024, 8:00am CDT

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Chase Freedom Month of More
Is It Worth It?
Final Thoughts

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Chase has brought back its Month of More for those with a Freedom credit card.

Many of your favorite brands are participating, and you can enjoy rewards in 2 ways: when redeeming points toward gift cards or earning extra cash-back on gift card purchases. This deal runs through November 31, 2024.

Here’s how Freedom cardholders can participate and details you should know about this offer.

Chase Freedom Month of More

If you have any of the Chase Freedom cards, you’re eligible for this promotion. That includes the Chase Freedom Flex^®, Chase Freedom Rise^®, Chase Freedom Unlimited^®, and Chase Freedom^® card (no longer open to new applicants).

When purchasing gift cards through the Shop Through Chase website, you can earn up to 15% cash-back on gift card purchases. Bonus earning rates are as follows:

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Merchant	Cash-Back Rate
Macy’s	15%
Nike	15%
Samsung	15%
Ulta	15%
Chewy	10%
Sam’s Club	8%
Best Buy	8%
Home Depot	5%

If you’re using your Ultimate Rewards points to buy gift cards, there’s a promotion for that as well. Your points will be worth more on gift cards for these merchants at these discounted rates:

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Merchant	Discount
Bath & Body Works, Boscov’s, Fanatics, Fandango, Spafinder	15%
Apple, Academy Sports & Outdoors, Brinker, Chili’s, Domino’s, Athleta (Gap), Lowe’s, Maggiano’s, Nordstrom Rack, OC – Let’s Eat, OC Season’s Greetings, On the Border, Panda Express, Ruth’s Chris, Under Armour	10%

Is It Worth It?

Chase Freedom Unlimited Chase Freedom Rise Upgraded Points — Image Credit: Upgraded Points

Using your Chase Ultimate Rewards points for gift cards typically occurs at a 1-cent-per-point value. That means you need 2,500 points for a $25 gift card. With a 15% discount during this promotion, you could get a $25 gift card for 2,125 points, making your points worth 1.18 cents each.

We value Chase points at 2 cents each — quite a lot higher than what this promotion offers for using your points on gift cards. However, that value assumes you have a Chase Ultimate Rewards credit card with an annual fee, unlocking Chase’s valuable transfer partners.

If all you have is a Freedom credit card earning cash-back, you’re left with redemptions that offer 1 cent per point, so getting better than that during this deal is an improvement. Otherwise, your points can be worth much more if you have a qualifying credit card.

This promotion also offers a bonus for buying gift cards. If you’re shopping for them, getting bonus cash-back is never a bad idea.

Bottom Line:

There are ways to redeem Chase points for much better values than what this promotion provides. If you don’t have access to those options, however, this can be a good deal if you’re shopping for gift cards.

Final Thoughts

Chase Freedom’s Month of More is back. This deal is now live, offering bonus cash-back on gift card purchases and discounted redemption rates if you’re using your rewards to purchase gift cards. Does it make sense? Not if you have better ways to use your points, but it may be a personal decision if you’re shopping for gift cards and prefer to save the cash.

The information regarding the Chase Freedom Flex℠ was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Chase Freedom Rise℠ Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer. The information regarding the Discover^® it Secured card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Chase Freedom^® Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.