DEAD: Get $250 with a Chase credit card

[markber]

Update: The $250 promo link leads to a 0% APR offer now

LINK: chasefreedomnow.com/?CELL=6L3J&v=credit250n

Terms:
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. To qualify for bonus rebates, account must be open and not in default at the time of fulfillment. 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.

 

[Row1and]

what if u had an account and canclelled

 

[videopho]

Looks like another hot deal in courtesy of Chase.
"I'm free to do what I want (with $250)" by The R. Stones.
LOL

 

[Gunslinger08]

By "first-time cardmembers with new accounts" do they mean you can't have any other Chase credit cards? Or just not the Freedom card?

 

[DannyLove]

damn itttt, bastards, i already did the $100 one =/

 

[vrbaba]

This is misleading...or someone correct me.

Do you get the $200 bonus rewards after the first purchase, or do you have to earn the $200 rewards?

Is there a minimum purchase amount?

 

[Esquire]

Originally posted by: vrbaba
This is misleading...or someone correct me.

Do you get the $200 bonus rewards after the first purchase, or do you have to earn the $200 rewards?

Is there a minimum purchase amount?

i believe you are correct

 

[markber]

Originally posted by: vrbaba
This is misleading...or someone correct me.

Do you get the $200 bonus rewards after the first purchase, or do you have to earn the $200 rewards?

Is there a minimum purchase amount?

Based on what I read on other forums, you get points after the first purchase that you can redeem for a $250 check.

Here is a good explanation about this bonus (by aandt1999).

"""
The promotion is that they are going to credit your account with $200 worth of points, 6-8 weeks after first purchase statement period. The standard freedom rule is that with $200 in points you can redeem for $250 check, thus the promotion for $250 after first purchase
"""

 

[Desslok]

Guys I would be VERY careful of Chase, they will get their pound of flesh from you one way or another.

Originally posted by: markber

Originally posted by: vrbaba
This is misleading...or someone correct me.

Do you get the $200 bonus rewards after the first purchase, or do you have to earn the $200 rewards?

Is there a minimum purchase amount?

Based on what I read on other forums, you get points after the first purchase that you can redeem for a $250 check.

Here is a good explanation about this bonus (by aandt1999).

"""
The promotion is that they are going to credit your account with $200 worth of points, 6-8 weeks after first purchase statement period. The standard freedom rule is that with $200 in points you can redeem for $250 check, thus the promotion for $250 after first purchase
"""

 

[markber]

I can not guarantee that Chase will not try to find an excuse to deny the bonus... but I have seen, at least, three reports on online forums about receiving $200 bonus rewards from previous $250 promo ( that had the same wording in promo terms).

Originally posted by: Desslok
Guys I would be VERY careful of Chase, they will get their pound of flesh from you one way or another.

Originally posted by: markber

Originally posted by: vrbaba
This is misleading...or someone correct me.

Do you get the $200 bonus rewards after the first purchase, or do you have to earn the $200 rewards?

Is there a minimum purchase amount?

Based on what I read on other forums, you get points after the first purchase that you can redeem for a $250 check.

Here is a good explanation about this bonus (by aandt1999).

"""
The promotion is that they are going to credit your account with $200 worth of points, 6-8 weeks after first purchase statement period. The standard freedom rule is that with $200 in points you can redeem for $250 check, thus the promotion for $250 after first purchase
"""

 

[cstring]

Thanks, got in on 1.

 

[jagec]

Grabbed one. I wonder if I should bother hanging on to my MBNA card after this.

Well, I suppose it DOES have a much higher credit limit.

 

[AMDBOY]

I just browsed the Chase offer that came in the mail. It's 0% till Aug '08, and no annual fee, no fee for transfer bal in response to that mail offer. It all looks pretty good until you check the default APR of 24%. Moreover, it states they have the right, and reserve the right to change the APR ANYTIME, for ANY REASON. It currently states that after August 08, that the Apr would go to "a low 8.99%". In addition, some card companies, not all, reserve the right to up your APR based on your payment history(or future as well), of your other credit cards. CapitolOne is not one of them. Anyone satisfied with their balance transfer offer that they would like to share? Tia.

 

[AMDBOY]

Wow ,this looks really good: Late Payment fee= $39.00 on balances of $250.00 and over. Annual Percentage Rate (APR) for purchases 18.24% variable. Balance Transfer APR: 18.24% variable. Default APR: Up to 32.24% variable. Overdraft Advance APR: 13.99% fixed (not available in some states). Variable rate information

The following APRs may vary monthly based on the Prime Rate:c

Purchase and Balance Transfer APR: The Prime Rate plus 9.99%.

Cash Advance APR: The Prime Rate plus 15.99%.

Default APR: The Prime Rate plus up to 23.99%.

Haaaahahahhahhhahhhhhaaaaaa!!!! Suckers!! Lol.

 

[MrBond]

Here's the last thread on this deal the last time it came up.

http://forums.anandtech.com/messageview...atid=40&threadid=2020024&enterthread=y

 

[Triggerhappy007]

Originally posted by: AMDBOY
Wow ,this looks really good: Late Payment fee= $39.00 on balances of $250.00 and over. Annual Percentage Rate (APR) for purchases 18.24% variable. Balance Transfer APR: 18.24% variable. Default APR: Up to 32.24% variable. Overdraft Advance APR: 13.99% fixed (not available in some states). Variable rate information

The following APRs may vary monthly based on the Prime Rate:c

Purchase and Balance Transfer APR: The Prime Rate plus 9.99%.

Cash Advance APR: The Prime Rate plus 15.99%.

Default APR: The Prime Rate plus up to 23.99%.

Haaaahahahhahhhahhhhhaaaaaa!!!! Suckers!! Lol.

Looks pretty normal for Chase. I have 2 other cards that have the same APR. Use credit cards only when you can pay it off every month or when the 0% expires. If you can't, you should not use credit cards.

 

[dullard]

I got in for the heck of it. I don't really need a CC, but I only have two of them. I might as well get a CC that I'll use for gas only and pay off in full each month. 3% cash back and $250 was enough incentive.

Thanks for the link.

 

[weirdichi]

Hmm... thinking.. thinking.. thinking...

 

[LS20]

Originally posted by: jagec
Grabbed one. I wonder if I should bother hanging on to my MBNA card after this.

Well, I suppose it DOES have a much higher credit limit.

MBNA does not exist. It is now BoC. My mom cancelled her long time MBNA after the switch.

I applied for this Chase deal the first time it came around...sitll waiting for the actual card!

 

[jsxlynn]

Quick calculation, assuming $1000 line of credit, and you go one dollar overlimit, and can't pay cuz you lost your job.
$49 for overlimit fee
12 late fees = $39*12=$468
12 overdraft fees = $49*12=$468
Interest 23.99% + prime ~6%=31% = $465 *

* considering that the interest is being calculated on an ever increasing balance.


Add it up and at the end of the year you now owe ~$2402. This is what the credit cards are after.

To make it worse I believe that the credit people "profile" college students based upon their parents economic status, knowing that the $4000 they give in "free credit," will, in three years grow to over $15,000. Many students laugh, and walk away.

The credit card companies, I believe laugh also. They wait till near the end of statute of limitations, sue the student, who often does not even show. Then they get a full judgment plus lawyers and other fees. This increases at a statutory rate of interest.

Then they wait. They watch said student, and eventually said student starts having a real job with real earnings. Then they go back and collect.

Credit is great, but they no longer want a pound of flesh, they want all your flesh.

At end of year your 1001.00 debt is now

 

[RideFree]

Originally posted by: weirdichi
Hmm... thinking.. thinking.. thinking...

"What the pho?"
Pho is an exquisite Vietnamese rice noodle dish that I am very addicted to.
Not only is it healthy but delicious!
Everybody in my immediate family eats it about twice a week.
Personally, my fav is Pho Tai.

PS Anyone been to Pho King in Oakland?

 

[dullard]

Originally posted by: jsxlynn
Quick calculation, assuming $1000 line of credit, and you go one dollar overlimit, and can't pay cuz you lost your job. blah blah blah blah

Simple rule and no calculations are necessary:
1) If you will carry a balance, don't ever, ever get a credit card.
2) If you will never carry a balance, take the free cash and be very happy.

Interest rates, late penalties, etc are meaningless if everyone would follow thate simple rule. I've earned ~$1500 in free cash and/or gift certificates in the 12 years I've been using CCs. Make that ~$1800 by the time I get this free money. In that time, I've paid a grand total of $0.00 in fees and interest. Heck, I don't even use stamps because I pay online.

CC companies can't get a pound of flesh from you if you don't let them.

 

[bmwme]

I don't get the "receive $200 in rebate redeemable for a $250 check" WTF does that mean?

 

[dullard]

Originally posted by: bmwme
I don't get the "receive $200 in rebate redeemable for a $250 check" WTF does that mean?

Redeaming Chase Points
1) Every $1 you spend gets you 1 point.
2) Each point is worth $0.01 cash back.
3) For example, earn 10,000 points and you get $100 cash back.
4) Accumulate 20,000 points and you'll get $200 cash back, but as a bonus they'll give you $50 extra. Total: $250.

5) Open this account now and they'll start you with 20,000 points on your first purchase.
6) See #4.

 

[bmwme]

Originally posted by: dullard

Originally posted by: bmwme
I don't get the "receive $200 in rebate redeemable for a $250 check" WTF does that mean?

Redeaming Chase Points
1) Every $1 you spend gets you 1 point.
2) Each point is worth $0.01 cash back.
3) For example, earn 10,000 points and you get $100 cash back.
4) Accumulate 20,000 points and you'll get $200 cash back, but as a bonus they'll give you $50 extra. Total: $250.

5) Open this account now and they'll start you with 20,000 points on your first purchase.
6) See #4.

OK got, thanks.
I'm approved, can't wait to get my $250. That will go to getting my Jeep lifted!