I just got the offer as well and will apply for it. For no anual fee, a card that gives a decent reward bonus with fiarly low spend, 5X spend @ TR properties and automatic platinum if you don't have it isn't so bad. I usually float between Plat (useless in AC) and Diamond but it's nice to have a buffer.
Can anyone tell if the annual fee is always $0 and gives plat status as long as you hold the card?