I stand to make approximately $1,000 in free money off of Chase Bank this year. I signed up for the Chase Freedom Unlimited card (1.5% cash back) and received a $150 bonus for spending $500 within the first 3 months and $25 for adding an authorized user (my wife). We just cashed in our first months points for $193 (sign up bonus and $18 cash back). The first billing cycle was barely 3 weeks and we already had $18 in cash back. Now I have a flyer offer for $300 checking account bonus and $200 savings account bonus for opening new accounts. The fine print looks like the accounts have to be open for 90 days minimum. I figure I can collect their $500 and close the accounts. My plan is to keep our checking account with our credit union and just write a check from Chase for my payroll direct deposit to my credit union each month.
After our only credit card got hacked/stolen we decided we needed a second credit card to cover our butts on vacation or my wife's work trips. We picked Chase because of the cash back and we have a local branch. We decided to make it our primary card and put our current credit union card in our dressers. We never carry balances but the Chase card even has 15 months of 0%.
We have been using the Chase card for all of our everyday purchases instead of debit cards. Heck, we can pay all of our monthly bills with the darn thing. We sat down and figured we can collect $20-$30 per month just paying our normal daily and monthly expenses with it in cash back.
My wife and I aren't credit card junkies by any means but we needed the second card as insurance. We have no intentions of chasing other such offers but this turned out great for us.
Anyone else working rewards systems with banks?
After our only credit card got hacked/stolen we decided we needed a second credit card to cover our butts on vacation or my wife's work trips. We picked Chase because of the cash back and we have a local branch. We decided to make it our primary card and put our current credit union card in our dressers. We never carry balances but the Chase card even has 15 months of 0%.
We have been using the Chase card for all of our everyday purchases instead of debit cards. Heck, we can pay all of our monthly bills with the darn thing. We sat down and figured we can collect $20-$30 per month just paying our normal daily and monthly expenses with it in cash back.
My wife and I aren't credit card junkies by any means but we needed the second card as insurance. We have no intentions of chasing other such offers but this turned out great for us.
Anyone else working rewards systems with banks?