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Through the end of the month, Chase might give you a $5 statement credit for downloading and logging into their banking app. This offer is targeted, so double check your email for the subject line “We’ll thank you with a $5 statement credit when you try out the Chase Mobile app” – pretty self-explanatory I suppose.
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Free money is always a plus – check to see if you were targeted for a crisp $5 from Chase! Just login to their app, a piece of cake! You have until August 31st (this Saturday) to download the app and login. My email noted one specific credit card account at the top of the message. I currently have 4 personal cards, 1 business card, and 1 business checking account, so it seems this offer is highly targeted.
The email goes onto explain in the terms that the $5 statement credit will post to the referenced credit card within 6-8 weeks of offer completion, and may trigger a 1099-MISC form. In my experience, both of these are empty threats. The bonuses on these kinds of offers are usually paid out pretty quickly, especially from a large reputable bank like JP Morgan Chase. And, my gut reaction is that $5 wouldn’t constitute a 1099, but I’m certainly no tax professional.
It seems to me that this promotion is quite the coincidence with Chase shutting down their Chase Pay App….
I should note, I already had the Chase App installed on my phone when I got this email, and have definitely logged into my account at least once before. I’ll be interested to see if I still get the $5 bonus, since the terms don’t say anything about your “first time” logging in. The offer is clearly targeted, but it doesn’t seem to be targeting just new users to the app, since I don’t fit! I’d be interested to see what group they’re looking for.
Did you get this promotion?