Looks like I am going to be digging my Chase Card out of the depths of my sock drawer. I received a mailer today for an offer I can't refuse. Usually, I get balance transfer checks from them that all end up in the same place...the shredder. The interest rates vary from 4.99% until the balance is paid in full or 0.99% for a limited number of months. I probably would take advantage of the balance transfer offers if they offered a zero percent interest rate and no balance transfer fees. Of course, I'd deposit the money in savings and payoff the balance before the intro period expired.
This offer was a little bit different. They are offering $5 statement credit each day I use my card during the month of July for a maximum of $155. Since I currently have a zero balance on the account and will pay any charges off in full, I am actually making a little extra money.
Frequently Asked Questions from the Flyer:
What do I have to do to receive a $5 statement credit? $5 will be credited to your account for each day you make a single purchase with your card regardless of the dollar amount or number of purchases you make in a day.
Who qualifies for this offer? As long as your Chase Card is in good standing, open and not in default when the credit is posted, you qualify. Note: The offer only applies to the account that received the offer. The last four digits of the card number is posted on the inside of the flyer in the upper right corner.
When will I receive my statement credit? The credit will be reflected within 6 to 8 weeks following the last calendar day in which the credit was earned.
I haven't quite decided what I will purchase but it will be something small since there is no minimum purchase. I may end up buying a pack a gum each day!!
No I have not received that offer, I also did not receive the offer on the blink transactions deal. Of course I use my chase card very regularly and have not had it for a very extended time. I guess there is not much reason for them to try to entice me to use it.
I haven't received that offer either... which card do you have?
I have not seen this offer but due to your post I will be looking out for it.
@Tom: I have the regular Chase Platinum Card.
Oh, platinum card, you are better than us. I have the Freedom card, we are not special enough to get these offers.
@philip: No, I'm not better than you. They slap Platinum on most cards these days. It only has a $3500 limit anyway. I also have the Freedom Card but did not get anything for that one.
i want platinum card too.....
nice! i didn't receive it, and i probably wont...but lucky you!
That might be one of the few things that could get us to use Micah's card. Still, we're not good friends with it since it's interest is 29.9%. But like others, he wasn't special enough anyway.
Those types of offers often come for cards that you are hardly (or not) using anymore. They want you to get in the habit of using it again.
In May I got an offer from my Keybank credit card. It was my first credit card (it was a student card, and in the fall I got 'upgraded' to Platinum). I stopped using it because the Freedom card from Chase has better rewards.
The offer was that if I spent over 1200 dollars on the card during the summer I would get a 100 dollar statement credit. I had to buy a few plane tickets, so I found the card. Charged them to it instead of the Freedom, got my credit.
118 (the $100, plus the one percent) dollars on 1800 in spending. Rather than the 18 dollars I would have got from Chase.
Put it away, paid it off, and hoping they will try that trick again.