Earn 10% Off at Restaurants with Chase Freedom

Chase Freedom is one of the best "fee free" cards on the market.  While the card is marketed as a cash back card, if you have another Ultimate Rewards earning card (such as an Ink business card or a Chase Sapphire Preferred card) you can transfer the cash back points earned to your Ultimate Rewards earning card.  You can then use those points to transfer to a variety of travel partners (British Airways, United Airlines, Hyatt, etc..) which provide far more value then simply redeeming for cash back.

Chase Freedom also provides a quarterly bonus where you can earn 5x cash back (and ultimately 5x Ultimate Rewards) on up to $1,500 in spend per quarter.  Q2 2015 happens to be restaurants.  So you can spend $1,500 on restaurants throughout the quarter and earn 7,500 Ultimate Rewards points.  I value UR points at $.02 each so ultimately you're earning 10% off your restaurant spend during the quarter.

Earn 5x Ultimate Rewards this quarter

This quarter, the bonus also includes spend at Bed Bath & Beyond, H&M, and Overstock.com.  You do have to activate your cad each quarter but it takes all of 10 seconds to do.  Chase will even send you several reminders throughout the quarter to ensure you don't forget.

Because the card does not carry an annual fee, there's no reason to cancel...ever.  And because the rotating categories provide so much value, Freedom will always have a place in my wallet.