Chase Bank is offering up to a $1,000 bonus to mom with a family member on a first-time purchase of a Chase credit card, according to the bank’s CEO.
The bonus is available to the first- time mother with a Chase Visa or Mastercard who purchases a Chase Premier Plus credit card and a Chase Freedom® credit card within a three-month period and who holds a Chase Business Platinum or Chase Premier® card.
The bank will not be offering a $500 bonus to first-timers.
“Our family and friends can choose the Chase Bank bonus they want to earn on a variety of Chase products and services, including the Chase Freedom®, Chase Business, and Chase Bank® credit cards,” Chase’s vice president of financial development, Amy Stapel, wrote in an email to employees.
“The bank’s bonus program will reward those who choose to be a part of the Chase family.”
Stapel said the bank is also introducing a new bonus category for Chase credit cards that rewards purchases made with a free gift card and that will be available in 2018.
Stap, who took over the top job at Chase in October, said the credit card bonus program is intended to give Chase customers “a bit more variety and flexibility” in their selections.
The bank also said it is introducing a special bonus category called “Dollar Tree Rewards” to give credit cardholders more options.
“With the Dollar Tree Rewards program, Chase offers credit card customers an additional option that allows them to choose from several credit card rewards categories to receive the best rewards at checkout,” Stap said.
“These categories include: Best Buy Gift Cards, Target Gift Cards and Costco Gift Cards.
The bonus category will be eligible for rewards for purchases of eligible Chase products.”
Chase, which has long touted its ability to offer more options, has been struggling with low returns and a $2.4 billion credit card fraud settlement in 2018, and the bank also recently announced a new online checking account bonus program that will pay $1.75 million per year for two years to customers who have a credit card with at least $50,000 in balance.