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$250 Bonus for Chase Freedom Credit Card (may be over)

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Chase Manhattan Bank
Update 3/17/07: Deal may be over. Chase.com seems to no longer list the $250 bonus link.

Chase is offering a $250 bonus after your first purchase when you sign up for the Chase Freedom Credit Card. Here's the promotional page link. The link to this deal is occasionally listed at Chase's home page. There's a small banner on the bottom. If you see a banner for a home equity rates or a $50 bonus, keep refreshing the page. The $250 ad should eventually appear.

Here is some of the important small print that's listed in the promo page:
You will receive $200 in bonus rebates which can be redeemed for a $250 check. Please allow 6 to 8 weeks after your first purchase for bonus rebates to post to your account. First purchase includes purchases, balance transfers, or any checks that are used to access your account. ... The bonus offer is valid only for first-time cardmembers with new accounts. Only one bonus per account. Existing cardmembers/accounts are not eligible for the bonus offer.

Note that it states existing cardmembers are not eligible so it seems that if you have any Chase credit cards, you may not be eligible.

This Freedom Credit Card has a nice 3% cash back feature for purchases at grocery stores, gas stations and quick service restaurants. The cash back is 1% for all other purchases. A 3% cash back use to be low, but with Citi and others cancelling the 5% cash back, it's not too bad.

Credit for this find goes to FW member tommyliu who posted about it on this FW thread. Also, thanks to the reader who emailed me info on this. It's mentioned in this thread that if you can't see the $250 bonus, try removing your browser cookies or closing your browser and then try again. Those who have applied have reported a hard credit pull by Experian.

Related Pages: Chase Manhattan Bank

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Comments
23 Comments.
Comment #1 by Anonymous posted on
Anonymous
Many people think that if they made one purchase (say, $20.00), they will get $250.00 back.
I spoke with the CSR yesterday and was told that they need to accumulate $200.00 in rewards first to be eligible for the $50.00 bonus, which amounts to $250.00. So the actual bonus is $50.00, not $250.00. They had a different page yesterday (they changed it since).
I printed the page, and thinking about contacting the Attorney General of my state regarding the misleading advertisement.

1
Comment #2 by tsacgiv (anonymous) posted on
tsacgiv
CHASE BANK give 250,00 and make you
pay 10x more.freedom credit card chase is slavery chase credit card.
if you cannot pay a whole balance chase go to make you pay these bonus
10 times more or more times than that.

1
Comment #3 by Anonymous posted on
Anonymous
I thought Chase will give you $200 bonus which in turn equals to $250.
Isn't this the case???

1
Comment #4 by Anonymous posted on
Anonymous
No, you have to accumulate $200 rebate already from all your purchases (mean you have to spend $20,000 if rebate is 1%, or about $7000 if all you charge on it is grocery/gas, rebate is 3%). Once your rebate accumulates to $200, then you can ask for a check of $250, which means you get a $50 bonus.

1
Comment #5 by Anonymous posted on
Anonymous
from the fine print on the Chase site at 3/15 4:20pm EST:

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

Sounds pretty clear to me.

1
Comment #6 by L (anonymous) posted on
L
Which page says that? All I can find right now is:

"Reach $50 in rewards and redeem for a $50 check. Or, save up $200 in rewards and redeem for $250 cash back!"

Perhaps they changed it like the first said. Maybe you should clear your cookies and cache and refresh again. You might be seeing the page with the old information.

1
Comment #7 by Anonymous posted on
Anonymous
"After your first purchase... You will receive $200 in bonus rebates which can be redeemed for a $250 check."
This is what it was on their page yesterday. That is why I printed out the page to make sure I have the evidence that I can present to the Attorney General.

1
Comment #8 by Anonymous posted on
Anonymous
Just to clarify, Chase Freedom's gives 3% cash back on supermarkets, gas stations, and fast food, and 1% on everything else, allowing you to request a rebate when you reach 50 dollars cash back. However, if you accumulate 200 dollars cash back, you can request a rebate for 250 dollars, making the cash back percentages at 3.75% and 1.25%, respectively.

The new promotional offer does not require you to accumulate 200 dollars cash back in order to get 250 back. That is not a promo, but rather their regular deal. The promotion automatically gives you 200 dollars cash back after your purchase, which will allow you to request your 250 dollar rebate check.

1
Comment #9 by Anonymous posted on
Anonymous
I called the Chase credit card applications support today (1/15/2007), and was told flatly by an apologetic Indian woman that they no longer process any applications with this promotional offer.

And yet, they are still directing traffic to their application with the promotional $250 bonus link.

That's a decroded piece of crap! :)

1
Comment #10 by Anonymous posted on
Anonymous
Go to Chase.com. Look for the offers in the lower right corner. Keep refeshing the page until the $250 offer appears. (This suggestion is based on a fatwallet.com thread and my own experience.) It may take a while, but, eventually, you should see the offer.

1
Comment #11 by Anonymous posted on
Anonymous
Banking Guy, what's with the comment about Citi & others canceling 5%-back cards? The wife & I have separate Chase cards that give 5% on gas/groc/drugstore spending. Has Chase pulled this back from existing cardholders?

1
Comment #12 by Anonymous posted on
Anonymous
Chase is not the most honest. Be careful. I opened an saving account with a branch CSR and she told me 5 %. Later, the account statement showed 1.25%. The CSR tried to pass the buck to her boss and then her boss to her. I complained to the complaint center and I awaiting a final response. The CSR agreed with me, but she just could not get CHASE to agree..

1
Comment #13 by Anonymous posted on
Anonymous
refreshed for quite a while, dont see this offer tonight
3/15

1
Comment #14 by Anonymous posted on
Anonymous
To Banking Guy,

Apparently Chase had changed the promotion page as what Comment 6th said. I suggested you make some modification on your original post to point that out, or ppl will be misled if they don't read these comments.

Thanks for all great info you give!

1
Comment #15 by Banking Guy (anonymous) posted on
Banking Guy
Yup, I don't see the $250 link from chase.com any more. I've updated the post with this info. Thanks.

1
Comment #16 by Anonymous posted on
Anonymous
In defence of Chase the above first few posts are incorrect. I knwo I have a Chase Freedom card and tookk advantage of the sign offer, now withdrawn.

It work like this. You sign up and they give you $200 in points/cash which goes into you rewards balance the instant you make your first purchase.

You get $250 becuase, if you leave your rewards balance so it accumulates to $200 (instead of withdrawing $50 here or $75 there) you get a rewards bonus of $50 - they save money by not having to process all the little amounts you might take out.

So we're clear.

1. You get $250 if you accumulate $200 in rewards.
2. You get $200 in rewards when you sign up.
3. You cash out for the first time a month after having the card and you get a check for $250.

I got mine. It was an honest upfront deal that worked out. I try to use my Chase card for almost everything now and i hope they benefit.

Several of the people above can't articulate their thoughts very well...tsacgiv for instance... what are you talking about? The interest rate it middle of the road and you don't have to spend your 'points' through their store youc an switch to a dollars based rewards balance (though the Chase referred store deals are still better then just going to the online stores organically).

Lastly, unless you know what you're talking about don't post speculation about a deal.

You're just scaring people off from $250 for no reason whatsoever other than your own ignorance.

1
Comment #17 by Anonymous posted on
Anonymous
chase card is a bad choice.
lot of fees and lies.

1
Comment #18 by Anonymous posted on
Anonymous
WHY CHASE BANK SUCKS?

1
Comment #19 by Anonymous posted on
Anonymous
CHASE BANK AND NCO ARE PARTNERS?
HELPPPPPPPPPPPPPP!!!

1
Comment #20 by Anonymous posted on
Anonymous
ABOUT NCO AND CHASE BANK...
http://www.debtconsolidationcare.com/cajunbulldog/nco-chase-relationship.html

1
Comment #22 by Anonymous posted on
Anonymous
Redeeming $200 of accumulated reward for a $250 check is indeed still available. To find it, while logged into Chase Online, click the "see reward details" link on your account. You'll see your rewards available listed in a dollar amount. If it's over $200, click "redeem your rewards". There's a huge list of option available, but you can click the drop down menu next to "rewards categories", select "checks" and then search. One of the options will be "$250 Chase Freedom cash back check", and the cost for that reward is only $200. Add that to your cart and go through the check out process.

1
Comment #23 by Anonymous posted on
Anonymous
WAMU IS CHASE BANK NOW.
WAMU WAS MY BANK FOR 13 YEARS!!!
I JUST CLOSED MY ACCOUNT WITH CHASE.
I DO NOT LIKE CHASE BANK.
I LOVED WAMU BANK.

1
Comment #24 by Anonymous posted on
Anonymous
When I signed up for a Chase Freedom MasterCard, it stated that after my first purchase, I would receive a $250 cash back check. When I received my first statement, it showed only a $50 bonus. I thought perhaps the $250 bonus would appear later, so after three months, I emailed Chase and they want me to send them proof of the $250 advertisement. I did not keep it. I just "clicked" to sign up online.

Does anyone have the original offer, or know where I can obtain it? For them to make such an offer and then not honor it is fraudulent.

1