Chase Freedom Bonus 20000 + 2500 UR Points with New 24-month Policy - Limited Time Offer

Limited-time offer, Chase offers 20,000 + 2,500 Ultimate Reward bonus points to newly approved Chase Freedom card applicant.  (I was alerted about this offer three days after I sent my application for Chase Ink Bold Business card, so I have to wait at least 4 months before applying for Chase credit card again.)

What is most interesting about this offer is not the 20,000 UR points or $200, but the new(?) eligibility definition.  Maybe it has been there for sometime and my radar has overlooked the new change.

This new cardmember bonus offer is not available to either (i) current cardmembers of this consumer credit card, or (ii) previous cardmembers of this consumer credit card who received a new cardmember bonus for this consumer credit card within the last 24 months. 

I inadvertently cancelled my Chase Freedom card two years ago, and have not bothered to re-apply it again because of ineligibility for the sign-up bonus and the availability of great sign-up bonuses from other Chase credit cards.  Isa has a Chase Freedom card, so I have had even less motivation to have my own Chase Freedom card.

I would consider this offer to own a Chase Freedom card attractive,
  • 20,000 UR points after spending $500 in the first 3 months, compared to the regular 10,000 UR points.  UR points are powerful, please read my experience with UR points.
  • 2,500 UR points to add an authorized card user.  An authorized card user is different than a joint account card holder.  The additional card will be post mailed with the primary card together to your designated mailing address.  Both credit cards would have the same credit card number, three-digit secret code and expiration date.  The only difference is the names on the cards.  You can add anyone as your authorized card user.  Note that you, as the primary card holder, are solely responsible for the card bill.   Do add someone whom you can trust.
  • No annual fee.  Keep the card to have good FICO credit score; I would not cancel and re-apply every 24 months.  Most importantly is that it helps to maintain a good relationship with Chase bank as a loyal Chase customer.  Unlike American Express credit cards which share the same card opening date, canceling a long-history Chase credit card will lose your good Chase history permanently.
  • 5X rotational category.  Needless to mention the famous and popular Chase Freedom 5%/5X rotational category.  If redeeming UR points for cheap international flight tickets, the "cash-rebate" is much more than 5%.
  • Chase Exclusive 10% Bonus.   Open a Chase checking account to earn sign-up bonus first, if you do not already have one.  This combo 10% annual dividend on expenses is better than the 7% annual dividend from Chase Sapphire Preferred card.

Your 10% Bonus is calculated after your billing cycle with a December closing date ("Year" means the twelve billing cycle period beginning the day after your billing cycle with a December closing date through your billing cycle with a December closing date of the next year.) Your Chase checking account must be open, and your Chase Freedom card account must be open and not in default, at the end of the Year. 

As the trend of new credit card sign-up bonus becomes more restrictive (from every 12 months to one-time basis) and large sign-up bonus amount tends to favor non-frequent credit card applicants, I prefer to apply those cards when there is a special promotion.  This Chase Freedom limited-time 22500 UR bonus offer seems to hit the right note at the right time.  I will need to wait and apply in 2015 when this limited-offer re-appears.  I am quite sure it will.

Good luck and have fun.

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