Received in the mail yesterday an offer from Chase for $300 bonus for opening a checking account (with direct deposit) and $200 for depositing $15K into a saving account for minimum 90 days (5.3% annualized return if I did the math right). Last year bout this time I opened up a CaptialOne 360 checking account (direct deposit also required) and got $400.
I am wondering about any negative ramifications for closing out the CaptialOne 360 account (only opened it to get the $400 bonus) and opening up the checking and savings at Chase (which I plant to close out after qualifying for the bonuses). I don't think it will affect my credit rating but are there other databases that it might negatively impact?
Also ethically what are your opinions about bouncing around and opening accounts just to get the bonus? I am a little uncomfortable, but heck they must know some people are going to do what I am doing.
I am wondering about any negative ramifications for closing out the CaptialOne 360 account (only opened it to get the $400 bonus) and opening up the checking and savings at Chase (which I plant to close out after qualifying for the bonuses). I don't think it will affect my credit rating but are there other databases that it might negatively impact?
Also ethically what are your opinions about bouncing around and opening accounts just to get the bonus? I am a little uncomfortable, but heck they must know some people are going to do what I am doing.
Last edited: