Chase Bank is running a promotion through May 31, 2008 where you can earn 20,000 miles for opening a checking account with $100 or more. 20,000 miles has an equivalent airline ticket purchasing value of $400 I'm told.

You open the account with $100 or more. When you make your first direct deposit to the account of $100 or more you get 10,000 miles and when you make your first purchase with the debit card you get an additional 10,000 miles. There is a requirement to pay a certain dollar amount for a debit card, which may cost up to $65, but for $400 in airline value, I'd sat that it's worth it.

As I understand it, you must open the account prior to May 31 but you have up to 60 days to make the direct deposit and also the first debit card purchase. These types of deals are frequently found for credit cards, but this is an especially good deal because it's a debit card, meaning no credit inquiries on your statement and a lot of other rigmarole that comes with credit cards.

I'm also told that a Paypal deposit will qualify as the direct deposit so I plan on putting some money into my Paypal account and then funding the new Chase account with that. The closest to Vegas is Bullhead City, AZ so my girlfriend and I are going to spend a couple days in Laughlin for free courtesy of Harrah's and also open bank accounts at Chase and receive 20,000 miles each.

For more information, visit the Chase.com information page.

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