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Home > Chase Begs to Give Me Another $150; I Deign to Accept

Chase Begs to Give Me Another $150; I Deign to Accept

August 18th, 2011 at 08:44 pm

Chase just cannot give enough money away!

I have had a Chase Freedom card for years, and often receive an offer of a $100 bonus if I would but open a checking account. I have never accepted, because part of the offer is I must sign up for direct deposit. Problem: I have nothing to direct deposit. My employer will not cooperate and neither will my ex-husband (child support). So I merely sigh and toss the offer aside.

Recently I opened my Chase Sapphire account.

Today, I got an e-mail offering me $150 if I would pretty please open a Chase checking account and there was no requirement about direct deposit! I read through carefully, I must keep the account open for 6 months or they will take the bonus back. How much will the checking account cost me? $10 per month. So still a net gain of $90. I read further and I learn that if my balance does not fall below $1500, they will waive the $10 fee. For $1500 to earn $10 per month equates to an 8% return. That is better than what I am getting at Ally, so I could move some money over and avoid the $10 monthly fee too! Right back to a profit of $150. Smile



Posted in Income | 6 Comments »

6 Responses to “Chase Begs to Give Me Another $150; I Deign to Accept”

  1. ThriftoRama Says:
    August 18th, 2011 at 08:46 pm 1313700386
    1313700386

    I got the same offer and considered it. But for me, My life is complicated enough at the moment. I don't have the energy to manage yet another account!

  2. Petunia 100 Says:
    August 18th, 2011 at 09:05 pm 1313701511
    1313701511

    I'm planning to let my money sit there for 6 months, then close the account.

    Meanwhile, I will mortgage chip the $150! Smile

  3. MonkeyMama Says:
    August 18th, 2011 at 09:09 pm 1313701775
    1313701775

    That's interesting. I didn't read the offer because usually there are too many hoops to jump through (I don't have DD either - offers are generally pretty nice if you do have direct deposit).

    I'll have to look at it again...

  4. creditcardfree Says:
    August 18th, 2011 at 09:47 pm 1313704056
    1313704056

    Interesting!! Enjoy your 8% return.

  5. patientsaver Says:
    August 18th, 2011 at 11:17 pm 1313709437
    1313709437

    $10 a month fee? Holy cow. That's a lot. When you opened the account, did you get the $500 bonus that Monkey Mama was talking about?

    Here's a link with more details...
    http://www.smartbalancetransfers.com/blog/2011/05/chase-sapphire-credit-card-500-sign-up-bonus/

    I'd like to go for it but i just applied for the Chase Freedom card, and i want to "practice" charging EVERYTHING to that card and see how much I can wrack up, becus the Sapphire requirement is you must spend $3,000 in 3 months.

  6. Petunia 100 Says:
    August 19th, 2011 at 12:04 am 1313712254
    1313712254

    I have not received my bonus points yet, but I expect to. I have received one statement thus far, and did not have 3k of purchases yet. I have them now, so when my second statement period closes, I should be awarded the points. I will be splitting them with BF since it was his purchase (utility trailer) which made it possible.



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