THE largest bank in the United States is giving away $200 in free money to select customers.
It comes as part of a unique limited-time offer from the financial institution, meaning interested consumers must act fast to get it.
Some Americans can get $200 in free cash as part of a credit card offer (stock image)[/caption]
The money comes from JPMorgan Chase (stock image)[/caption]
JPMorgan Chase (Chase Bank) has been around in various forms and under different names for 225 years.
Today’s name was reached in 2000 after the merger between JP Morgan & Co and Chase Manhattan Corporation.
As of 2024, it brought in $180.6 billion in revenue and has $3.6 trillion in assets, placing it at the highest spot among the top five banks in the country.
Bank of America is close behind with $2.6 trillion in assets, followed by Citibank at $1.7 trillion, Wells Fargo around $1.7 trillion as well, and US Bank at about $660 billion, per MX Technologies.
Like the others, Chase Bank offers some competitive credit cards, including the Chase Freedom Unlimited Credit Card.
The Freedom Unlimited card offers several perks, but in September, there’s a sign-up bonus offer of $200 for new customers.
Except, there’s a small catch.
After qualifying for and obtaining it, cardholders must spend at least $500 on purchases in the first three months.
Then, the $200 statement credit will be posted to their account.
SAVE THEN SPEND
This is still a pretty sweet deal, and there’s a financially smart method to get the free cash without Americans putting themselves in a position that would compromise their budget.
Those who are already planning to make a larger purchase and have saved $500 in cash for it could instead put that charge on their Chase Freedom Unlimited Credit Card.
After it’s posted, they could then quickly pay the $500 balance off using their saved money and instantly qualify for the $200.
That way, it’s a true $200 bonus rather than going $500 in the hole just to get $200 back.
What’s a good credit score?
FICO, the most widely known credit scoring system, and its rival VantageScore both use a range of 300-850 points.
Below we list what’s considered a good and bad credit score, according to both systems.
FICO
- Poor: 300-579
- Fair: 580-669
- Good: 670-739
- Very good: 740-799
- Exceptional: 800 or above
VantageScore
- Very poor: 300-499
- Poor: 500-600
- Fair: 601-660
- Good: 661-780
- Excellent: 781-850
It’s important to note this free cash perk doesn’t last for long, but there are other benefits with the card.
Most notable is the unlimited 1.5% cash back on all purchases.
There’s also more savings on dining and drugstores at 3% and 5% on travel purchased through the Chase Travel program.
Consumers who sign up also get 0% intro APR for 15 months from the account opening on purchases and any balance transfers.
Additionally, there’s a $0 annual fee on the Chase Freedom Unlimited Credit Card.
That’s huge, as many top cards have some steep annual fees.
INVITE ONLY
Currently, the credit card with the highest annual fee on the market right now is the Centurion Card from American Express at $5,000.
The initiation fee as also a knee-buckling $10,000, per WalletHub.
It requires an invitation to be eligible for the card and an income of at least $250,000 a year, according to current cardholders.
American Express doesn’t publicly disclose official requirements for the Centurion credit card.
Perks include access to Centurion Lounges, complimentary elite status hotel benefits, a personal concierge, and access to exclusive events.
Many Americans are also struggling to get out of credit card debt in 2025, and some are seeking help from financial experts.
The collective credit card debt this year stands at about $1.209 trillion, according to LendingTree data.
A couple swimming in $314,000 worth of debt, for example, were advised to take some crucial steps and get out of a “broke-person mindset.”
An expert also advised a woman with $185,000 in credit card debt to not pay “until they sue.”
