The Chase Freedom Card is currently running a promotion where you will receive a whopping $250 after your first purchase. This is one of (if not the) best initial purchase offers I’ve seen for a credit card promo.

However, please note it appears this offer is for new customers only!

The fine print:

You will receive $200 in bonus rebates which can be redeemed for a $250 check. Please allow 6 to 8 weeks after your first purchase for bonus rebates to post to your account. First purchase includes purchases, balance transfers, or any checks that are used to access your account. To qualify for bonus rebates, account must be open and not in default at the time of fulfillment. The bonus offer is valid only for first-time cardmembers with new accounts. Only one bonus per account. Existing cardmembers/accounts are not eligible for the bonus offer.

Other card benefits:

• 3% cash back at grocery stores, gas stations, and quick service restaurants
• 1% cash back on all other purchases
• No annual fee

Chase Freedom Card $250 Bonus Link