Chase Freedom Adds PayPal As New 5 Percent Cash Back Category

PayPal is the latest quarterly category coming to Chase Freedom cardholders. The new PayPal addition will be paired with the return of two “customer favorite” quarterly savings categories, Chase Pay and grocery stores from April 2018 through June 2018.

The latest integration, according to a press release from Chase, is the latest iteration of efforts the firms are making through their partnership to bring new benefits to customers.

“We keep adding ways to make Chase Freedom even more rewarding for our cardmembers,” said BJ Mahoney, general manager of Chase Freedom. “They can earn cash for everyday expenses, whether they pay with their phone, on the internet or in-store with their familiar blue Chase Freedom card.”

The newest rewards program iteration will see Chase Freedom cardholders securing 5 percent cash back on up to $1,500 in combined purchases in Q2’s selected categories.

According to the release, customers can activate for the quarter beginning on March 15.

Chase and PayPal have been actively working to collaborate for the last year or so. Last summer, the two companies announced a partnership to mutually support each other’s mobile payments ambitions.

“This deal allows us to strike one partnership agreement and reach millions of existing and potential new PayPal customers across the U.S.,” said Dan Schulman, president and CEO at PayPal, in the post. “We’re announcing this agreement today and expect the experience to go live for our joint customers in 2018.”

The pair-up makes it possible for mutual Chase Pay and PayPal customers to add Chase Pay to their PayPal wallet. It also allows for Chase customers to use their Chase Ultimate Rewards points anyplace PayPal is accepted as a payment method.

“We want to extend the ubiquity of the PayPal platform and support all relevant types of payments that our customers use, which includes credit and debit but also rewards points,” Schulman noted at the time.