Exactly the same thing happened to me. If forced to choose, I'll take the points (the same as you). But I did reply to E*Trade's canned email (which told me I could have either the points or the $50, but not both) and stated that the offer I received via an earlier email from E*Trade's CEO, wherein he offered $50 if I sent in my deposit, came at a time when E*Trade knew my on-line application (which triggered the CEO's offer) was done to qualify my for the ClickRewards promotion they were running. Therefore it appeared to me as if they were offering me an additional bonus. Suffice to say that I presented a case for receiving both bonuses. Maybe you could point out E*Trade's error to them as well, as that might help persuade them that they have other dissatisfied customers. I'll post something here if they provide me with any satisfaction on this point.