Chase Freedom Unlimited Bonus

<i>I’ve been informed that this offer will be ending soon, so if you’re interested, you’ll want to apply ASAP.</i> Can you be just a bit more specific about your definition of "soon"? I closed this card one week ago today. With the long holiday weekend that just passed, a lot of the days between when I closed the card and today were not "business days" so I was hoping/planning to wait a few more days to let the electrons settle before re-applying (was probably going to apply over the weekend, or possibly on Monday). But now I'm worried...but don't want to jump the gun needlessly...

Isn't the most value here: 1) Travel through Chase at 2x5 = 10% 2) non bonus categories (which for taxes could be quite meaningful for people) at 1.5x2=3 (less CC fees at least for taxes) Then if have the Chase SR, would receive 1.5x bonus on travel redemptions - so for travel becomes 15% return vs 7.5%

You have to be a REALLY big spender in order for this bonus to pay off, in relation to other SUBs you might otherwise earn. If you spend $20k on the card in the first year in non-bonused categories, that nets you 60k URs. But compared to what you would earn WITHOUT the 2x, it's really only 30k. And that's if you don't consider other cards you might use for the same spend that would earn you more than 1.5x URs. As far as the bonused categories go (restaurants and drugstores), there are several cards out there that can get you 4x (Amex MRs, Capital One miles, etc.) at restaurants. So if you value the transferrable currencies on an apples-to-apples basis (for the sake of argument, although the actual value will vary from person to person), your net on the CFU is 2x. For a $10k/year restaurant spender that's a difference of 20k URs. The only sector you can really take advantage is drugstores, with the 6x (which is a net 3x over non-bonused CFU), far above any available card that I'm aware of. So if you're a heavy consumer of Grape-Flavored Children's Benadryl, or Pantene for Stringy Blond Hair (I made those up) -- or perhaps if you're partial to some of their products from the gift card section -- you might come out ahead. But that's really the only way, IMHO. Having said that, the CFU is a great card to have regardless. I'm just not as compelled by the current offer.

Any idea how long this offer will be around for? I currently have this card (in fact, have all 3 flavors of the Freedom cards), so would need to cancel it, and then would need to wait a decent interval (I'm assuming that's somewhere from a few days to a full month?) before applying again. Also - does anyone know how long between closing the old card and then re-applying again for the same card one needs to wait? Thanks.

Too bad it is not open also to existing users