The Chase Freedom® Visa – $100 Bonus Cash Back now gives consumers the chance to easily receive $100 after signing up for an account.
This is all part of a trend that Creditshout has been monitoring for months now: Credit-card companies are desperate enough for business in today’s challenging economy that they’re offering increasingly lucrative incentives to encourage consumers to sign up for their cards.
The Chase Freedom offer is just the latest in a long line of incentives designed to attract new clients.
New Chase Freedom customers will earn $100 cash back if they use their card to make at least $500 worth of purchases within the first three months after opening their account. That’s a spending figure that most credit-card customers should have little trouble reaching. This is a very straightforward offer without any tiers, spend $500 and earn an additional $100 bonus.
My 2 Cents: After signing up for an offer like this, I usually just pay some bills with the card to reach the spending requirement and then pay my balance off in full that month. This is an easy way to reach the spending threshold, even if you aren’t planning on making any big purchases after you sign up.
The Chase Freedom comes with other benefits, too. The card charges no annual fee. And consumers receive unlimited 1 percent cash back for all purchases that they make with their card. So regardless of what you buy with this card, you know that you are always going to earn at least 1% back.
Chase Freedom also boasts rotating spending categories where you can earn 5% back. For instance, during the months of January – March, cardholders can earn 5% cash back on up to $1,500 spent at Gas stations and on Amazon.com.
Overall we have ranked the Chase Freedom card as one of our favorite overall credit cards for 2012. This is a great offer to take advantage of if you are in the market for a solid cash back credit card, or looking to earn some quick cash back.