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Chase My bonus Spending Offers for Q2, 2023
Each quarter, Chase has targeted spending offers for many of their credit cards called My Bonus Spending Offers. These are capped at $1500 in combined purchases across the targeted categories, per card, and run for 3 months. If you have a Chase Freedom Flex(SM) you’re familiar with rotating 5x category bonuses and these work in the same way. This quarter, Chase is targeting cards with 5x to 7x bonus points on purchases made at grocery stores, gas stations, and restaurants. Lets’ take a look! H/T Traveling for Miles
My Bonus Spending Offers for Q2 2023
If you’re targeted the bonuses will run from April 1st, 2023 to June 30th, 2023 and is maxed out at $1500 total spend on combined spend. Usually these are 5x on the categories targeted, but we have seen IHG cards bump up to 7x points.
Details
- Can activate now
- For purchases between 4/1/23 and 6/30/23
- Max $1500 in combined purchases
- if you have more than 1 Chase card that is targeted, the $1500 is per card
The Categories being targeted
- Gas Stations
- Grocery Stores
- Restaurants
I have a few of these Chase cobrand cards and here is a look at my offers
Unlike most people who are seeing their offers update for Q2, mine have not and are still showing the offer for Q1. I will check back on April 1st to see what my updated offers are looking like.
This was my wife’s Ritz Carlton Card offer:
And both of my IHG cards have this offer:
Cards that are likely included in the Chase My bonus Spending Offer:
Aside from the Chase Freedom cards listed, the cards that are targeted are cobranded cards listed below:
- United Cards
- Hyatt
- Marriott
- Marriott Bonvoy Boundless® Credit Card
- Marriott Bonvoy Bold® Credit Card
- Chase Ritz Carlton Card
- Chase Freedom Cards
- Southwest Cards
How to see what your offer is? You go here and fill in your information: Chase My Bonus Spending Offer
Should you pivot purchases to targeted cards?
It really depends. For instance, if you have a Chase Sapphire Preferred and you’re earning 3x on dining I wouldn’t pivot to the IHG card and get 5x on restaurants. Why?
Chase Ultimate Rewards are conservatively worth 1.5c per point, meaning a 3x multiple is the equivalent of getting 4.5c back when you pay with your Chase Sapphire Preferred.
I’d value IHG points at $0.005 cents per point ( you can often buy them for this price ). So a 5x multiple is just earning 2.5c back per dollar spent on restaurants. Now…if you don’t have a card that earns a multiple on gas, getting 7x points, as I was targeted to receive up above, is the equivalent of getting 3.5c back per point, and I’d say that would be a good use if you don’t have another option. Comparing again, if you had a Citi Premier that earns 3x on gas, you wouldn’t pivot away since Citi Thank You points are worth at least 1.5c per point.
Simply put… you need to make sure you’re earning the most back per dollar in dollar terms, not in point terms.
Chase Sapphire Preferred® Card
The Chase Sapphire Preferred is a great starter card that earns Premium Ultimate Rewards that can be transferred into over a dozen partners many of which are US based.
Welcome Offer
60k Points after $4k spend in 3 months
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex℠and Chase Freedom Unlimited® or the business versions: Ink Business Cash , Ink Business Unlimited you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
- 3x on dining
- including eligible delivery services for takeout
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- 5x on all travel purchased through Chase Ultimate Rewards – Chase Travel Portal
- $50 Annual Credit on hotel stays purchased via Ultimate Rewards/Chase Travel
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred® continues to redeem at 1.25c in the Chase Travel Portal and the slew of other benefits remain in tact including primary rental car insurance, purchase protections, etc.
- Points are transferrable to 13 Ultimate Rewards partners
- Redeem in the Chase Travel center for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Primary rental car coverage is my favorite
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.