Originally Posted by darthbimmer

I got the same offer several months ago and exercised it. It's true that the points/dollar ratio is nowhere near as lucrative as a signup bonus, but as it came with a card I already had it required no hard pull on my credit record and no increase to the total number of accounts & credit limit I already had open. Plus, I was looking for CPQP points anyway. I found it to be a good deal, all things considered.