$100 Sign-Up Bonus for Chase Credit Card

Yesterday I posted on the $100 Citi credit card deals. Chase also has a similar $100 credit card deal. Thanks again goes to jeremiah for posting the details at the finding-deals comment section here. Below is a copy of these details:

Chase Cash Plus Rewards Mastercard.
* $100 cash back check after your first purchase
* Earn 5% cash back on qualified grocery store, gas station, drug store purchases and 1% on all other qualified purchases
* Redeem your cash back points for gift certificates at your favorite merchants or a cash back check
* Enjoy a 0% into APR for up to 12 months
* The time period for the into APR and the balances to which it will apply will be based on our review of your application and credit history.
* No annual fee

- Looks like this one is phone only.
Phone: 1-888-787-0329
Offer Code: 93Y

Expires: April 30, 2006

** Please allow 6 to 8 weeks after your first purchase for bonus points to post to you account. Bonus points are contingent on account opening and first purchase. You will receive 10,000 bonus points, which can be redeemed for 1% cash back or a $100 gift certificate.

This card has the nice 5% cash back feature for grocery store, gas station and drug store purchases (everyday purchases) and 1% on all other purchases. Many of the Citi credit cards also have this feature including the Citi Dividend American Express, the Citi AT&T Universal Mastercard and the Citi Dividend Platinum Master Card. The only problem is that they all have a $300 reward limit per year. So it may make sense to have several of these 5% cash back cards. You just want to be sure you can pay off the balances each month. Otherwise, the cash back benefits are diminished. A great list of the latest 5% cash back reward credit cards along with the latest signup bonuses is at this FW thread.

With these nice sign-up bonuses along with the 5% cash back everyday purchases, I'm not sure why anyone would want EmigrantDirect's cash back card which only offers 1.25% cash back. The two benefits are the no cap on your cash back potential and an extra 0.25% cash back on your non-everyday purchases. But most of my purchases are everyday purchases. The extra 0.25% for non-everyday purchases isn't worth the time. So I wonder how successful this credit card has been. Perhaps we'll see a sign-up bonus for it sometime in the future.