Our mortgage is with Chase, so with the amount I have been and will continue paying them in interest each month, there is a certain joy I feel when I can take money back from them. Last year, with the credit card account opening bonuses, rebates, and bank promotions I took advantage of, I estimate a total 2007 haul of $1,200. That number doesn't include the money I made depositing their 0% balance transfer offers in my high interest savings accounts...
Earlier this year, I opened up a business checking account to utilize a free $250 offer. The fact I don't own a business is irrelevant, and they don't verify it anyway. While I was there, I happened to open a business savings as well, gaining an additional $25 bonus. About 3 months after zeroing out the accounts when the bonuses posted a couple days later, I received another offer in the mail. This one was for a $200 bonus if I deposited $50,000 into the business savings account. I normally don't have that much cash sitting around, but Chase just happened to give my wife and I about $60K as part of an AOR earlier this year. The $200 posted today and I feel pretty good about the 20 minutes total it took me to do it.
The way I see it, Chase loaned me $60K at 0% for a year which has been sitting in accounts earning 5-6% interest. Also with this money I was able to open up accounts at Chase, which then paid me almost $500 in bonuses for doing so. In addition, I have taken advantage of their very generous $100 account opening bonuses for regular checking accounts, and more recently, a $125 bonus which hasn't yet posted.
Thank you, Chase.
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