$250 Signup Bonus on Chase Freedom Card

March 15, 2007

Im drooling over this, but haven't decided to bite as of yet. Chase will send you a $250 check after your first purchase when you sign up for the Chase Freedom Card.

Not as lucrative as a fat 0% balance transfer, but sure does look like easy money.

Found on slickdeals.net

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Comments (21)

Drooling? Boy, you've got some serious credit card problems.

Posted by boomie | March 15, 2007 10:28 AM

2mil: If you click the link, you will see the offer is actually 0% Intro APR instead of $250 bonus.

Posted by Sun | March 15, 2007 11:07 AM

Sun, your right -- loks like they changed it on us. Was $250 a few hours ago.

Of course Im drooling - $250 for maybe a 30min effort -- pretty good return on my credti and time.

Posted by 2 million | March 15, 2007 11:50 AM

I wonder what else Chase can do a fast change act with? 30 minutes time to make $250. Don't you have to BUY something first? If Chase didn't pull a switch-er-roo, how long did you have to wait after the purchase to get your $250? I'm sure it would have been a lot longer than 30 minutes?
Are you happy with your credit card debt?

Posted by boomie | March 15, 2007 12:31 PM

It switches between the 0% offer and the $250 offer. What's interesting is that I have excellent credit and a relatively high income but didn't qualify instantly for the card. My guess is they're limiting it to people that are likely to have trouble paying off their balance so they can make their money back.

Posted by Craig | March 15, 2007 1:28 PM

Posted by Craig | March 15, 2007 1:43 PM

Oops, I spoke too soon...it was there all day yesterday but now appears to be gone.

Posted by Craig | March 15, 2007 1:45 PM

I just got a offer in the mail from Chase for a 0% balance transfer rate with no transfer fees. Looks like a pretty good arbitrage opportunity. While the $250 cash is tempting, I think I would go for the arbitrage opportunity instead.

Posted by Doug G. | March 15, 2007 3:06 PM

Me thinks that people need to read this more carefully. Another blog posted this as well; however, read the fine print and you only get $250 after you accumulated $200 in rebate points. That's $20k on 1% purchases, $6666.67 on 3% purchases. Quite alot of buying for what amounts to only $50 bonus in the end.

Posted by Tim | March 15, 2007 4:44 PM

Thanks Tim. I rest my case. Credit cards are always a losing proposition. The 'house' always wins.

Posted by Never Again Debt | March 15, 2007 8:05 PM

Maybe I'm not reading the fine print correctly. On my screen, it reads:

"You will receive $200 in bonus rebates which can be redeemed for a $250 check."

That doesn't seem to imply that you'd need to accumulate the points the hard way, rather that you'd be given them after your first purchase. Perhaps someone more clever/savvy could interpret?

Posted by Jen | March 16, 2007 2:24 PM

I concur with Jen - the offer stated you would receive $200 bonus points after your 1st purchase which can be redeemd for $250.

Posted by 2 million | March 16, 2007 3:12 PM

I called Chase on Thursday re: this offer. The customer service rep. (obviously outsourced to India) flatly told me that they are no longer accepting any card applications with the $200+$50 promo offer.

I told her it was unethical, then, that the Chase website continued to direct a multitude of customers to the card application with the $250 promo link, as I had done.

Argh.

Posted by Jonathan C | March 16, 2007 4:51 PM

This sounds one of those "gotcha" promos. YOu probably can't withdraw those $250 (or spend it) for like 2 years..

Posted by Dave S | March 17, 2007 6:17 PM

2 Million,

This seems almost too good to be true.

Good luck!

-James

Posted by James | March 18, 2007 6:54 PM

Did you check the fine print...that's where they get you!!

Posted by Wealth Building Lessons | March 22, 2007 1:05 AM

An update: I received the card some weeks ago and was able to cash in the points for the $250 rebate yesterday. Chase estimates May 1 as the date I'll actually receive the check.

Posted by Jen | April 16, 2007 5:11 PM

I have recieved the cheque for $250.00 too.

Posted by Sree | May 8, 2007 3:07 PM

I applied & application was confirmed on 5/1/07. made 1 purchase on the card when recieved and just yesterday (6/5/07) points ($200 "reward" dollars) showed up and I requested my $250 check. Gotta love it.

Posted by Eric | June 6, 2007 3:33 PM

I did this promotion - you do NOT need to "accumulate" the rewards points, they are given upon enrollment. I received my $250 check in the mail. Pretty astonishing!

I recently received another Chase offer - $200 to open a checking account with Direct Deposit from work. You have to actually go to the bank and decline several additional "promos" from the bank manager (make sure they don't open a Savings account for you as well, - they will try to without asking. Don't sign up for "Leisure Rewards" credit card). If after 6 months I'm still contributing by direct deposit, $200 is mine! Too easy!

Posted by PJ | October 14, 2007 4:00 PM

I think it is dishonest to direct traffic to your site with false promises. The Chase $250 award clearly went away a very long time ago. I guess bait-and-switch works both for CC companies and websites purporting to be there for the consumer. Apparently it's always about the cash no matter who you are.

Posted by Paying Attention | May 31, 2008 11:14 PM

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March 15, 2007