Edited: The link should be working now.
Okay, we need to have a little chat before I show you this deal.
Ordinarily I do not advocate getting a new credit card simply to get some sort of bonus. Lots of companies want to give you $20 or even $50 or maybe airline miles and really, is it worth the hassle? You have to keep track of the account, probably need to close it after a while, and for those of you who find credit cards a temptation, having another card is a bad idea.
Chase Freedom is giving new cardmembers a $250 bonus, redeemable after your first purchase. (Warning: site has sound.) It’s a rewards card where you get 3% back on most purchases, so if you’ve been looking for a good everyday credit card, it wouldn’t be a bad choice, anyway. But you get a $200 reward credit upon your first purchase, and when you redeem $200 at once you get a bonus $50, so voila, $250 in your pocket.
I applied online and was approved; when the card comes I’ll charge something and get my reward. Then I’ll wait about 6 months or so and cancel it. The whole thing will only affect my credit rating by a couple of points, and I’ll be $250 richer. (I wonder how many pairs of shoes… uh, nevermind.)