So this offer means that your first $5000 in spending equals a minimum of 20,000 points (more in whatever category you get double points in). That's not bad for a free flight I can accumulate miles with if there's no annual fee the first year.

Even if you don't like their other redemption offers you can take it as a statement credit. 20,000 points equals $200. That's a minimum of 4% back in cash.

I'm certainly willing to take this deal. Even if it means only spending $5000 then closing it down after spending the points. But like the previous poster I'll wait to see if anyone got a better offer code. I'm still waiting to receive my new card anyways.