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Chase Checking and Credit Card Bonuses and Perks

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Chase Manhattan Bank
In addition to the bonuses, there's another reason to have both a Chase checking account and a Chase credit card. Chase now offers extra rewards for Chase Freedom credit card members. With the checking account, you can have 5 categories instead of 3 categories to be eligible for 3% cash back on the first $600 in purchases per month. If you are an existing Chase Freedom credit cardmember and a Chase checking customer, your account will be upgraded to these new benefits in June. Chase is also advertising other benefits including higher CD rates and lower loan rates.

If you don't have a Chase Freedom credit card, there's a $100 bonus available at this promotional page. You'll receive $100 after your first purchase. I first posted on this bonus in October 2007.

Once you have a Chase credit card, you'll be able to take advantage of a $125 bonus for opening a Chase checking account. The $125 bonus that I reported on in this May post is still available, but you have to be logged into a Chase account (such as your credit card account) to see the promotion.

The $75 Chase Debit Card Promotion is about to come to an end. This promotion has worked well for me. As promised, Chase credited my checking account $25 each time I had $250 in debit card purchases. Hopefully, they'll do similar promotions in the future.

Thanks to the reader who mentioned this new perk in the comments.
  Tags: Chase Manhattan Bank, checking account

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Comments
11 comments.
Comment #1 by Anonymous posted on
Anonymous
Did you notice that the link for the Chase Freedom isn't for a "normal" card that allows any 3 of 15 categories? That card appears to be fixed to just 3 categories.

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Comment #2 by Anonymous posted on
Anonymous
Received $125 checking promo with direct deposit in the mail as well as a $100 offer. Since I do all my credit card busines with Chase as of late I figure I may as well get the 5 categories.

But the problem is I get higher RATES from HSBC and I will lose interest on the direct deposited funds as I will have to ACH it over each month.

So Im debating if I should do it or not since its a burden to use Chase AND HSBC for personal checking.

Actually I do Credit Card business with a few other banks including Citibank. But HSBC is on the corner and is a much more stable bank than Citibank right now with higher rates.

The questionmark in my portfolio is the Chase $125 promo and the free checking with direct deposit offering and if it pays to get it.

A 0% purchase rate APY credit card is still superior to the Chase Freedom rewards HOWEVER you constantly wind up swapping those cards since they dont always come as well.

So is it still worthwhile to have my funds direct deposited to Chase for the $125 promo and then to transfer them back to higher rate banks or investments?

Due to the Countrywide Merger with Bank Of America i held off on the Countrywide credit card.

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Comment #3 by Anonymous posted on
Anonymous
Wow, that Chase Freedom promo page sure is tricky... it definitely has 3 fixed categories instead of the usual 3 flexible categories. So is the extra $50 worth it...

As for the checking account, I was all ready to get one when I realized that if I get a Chase checking account, I will probably have to pay my Chase Freedom bill with it (instead of my non-Chase checking account). Does anyone know if this is the case?

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Comment #4 by Anonymous posted on
Anonymous
There is no requirement to pay Chase credit cards with Chase checking.
As some one said I do DD to chase and immediately ACH to higher paying bank.

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Comment #5 by Anonymous posted on
Anonymous
Banks play bankers games which means changing terms and conditions in fine print.

Chase tried to **** me out $450 on a balance transfer fee which was supposed to be $75 maximum. I filed complaint with BBB and refused to let them get away with it as I emailed corporate and kept complaining via email. They finally waived the total fee including $75.

Therefore I am not surprised one bit that Chase played games with the terms on the Freedom card for those who don't understand the terms and conditions. In my case I threw away the documentation. However I vividly recalled it was 3% up to $75 maximum. Then Chase actually sent me a form saying that they changed policy so that its always 3% maximum from a few years back. Yet after this I received another offer for 3% up to $75 maximum and a Scantron sheet to fill out which I put on it what happened including receiving the documentation then receiving another 3% up to $75 offer.

It was clearly a bait and switch.

Chase has bad Customer Service on all the Credit Cards Even Consumer Reports agrees. AMEX has the best customer service but the worst fees and worst promos since I never get any new promos from them.

Chase is good for promos and balance transfers but you need to keep documentation and need to fight back with them.

I went to the bank branch and popped in my Chase Credit card to open the ATM door. Picked up a brochure where it says Earn Triple Rewards with 5 categories. Yet in the fine print, its still the same 3%, just that instead of 3 categories they add 2 more.

I am still up in the air if I will open a checking account with direct deposit for the $125 and extra categories. I could I gather close out the account after 6 months and transfer my funds immediately to another bank each month.

I still have to close out an HSBC Free Checking account I opened just cause I didn't get my Treasury Direct account opened in time so I went to the branch to buy an i-bond and I need to keep it open for a total of 6 months and it needs activity every 3 months otherwise they charge.

So what will I do with opening a Chase Free checking account, I am still in the air. I prolly will wind up opening it then closing the account after 6 months for the $125 promo, but I am still not sure.

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Comment #6 by Anonymous posted on
Anonymous
what do they mean by:

"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."

I have a Chase Freedom Card, but it is a Master Card. I got a $50 sign up bonus.

So, will I be eligible for this card's $100 bonus?

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Comment #7 by Anonymous posted on
Anonymous
I received a coupon for a $100 bonus upon opening a new Chase checking account - can't use it myself, I've opened the max number of accounts for this year. The coupon code can be used online. If you'd like to use my coupon, email me at tsmyr@earthlink.net.

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Comment #8 by Anonymous posted on
Anonymous
If you need the $25 refer a friend, email me at ecastillo@tamu.edu

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Comment #10 by Anonymous posted on
Anonymous
BE WARNED! Chase was terrible. It gave me only a $10 bonus after my first purchase using its Freedom credit card and, when I protested, they demanded that I provide them documentation to prove otherwise!

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