value of points?
Just got my card 6 weeks ago (after having to call Chase to move credit from another card, during which conversation I confirmed the 80000 promotion). Once I spent $1000 and my statement closed, I received over 81000 points (1000 for the spend, 80000 bonus. Since cardholders get a 10% reduction on awards, this 81000 points gets me 3 nights at a 30000 per night hotel. Perhaps worth about $200 a night? So this is a very good deal in my opinion.