According to FW, the Chase PerfectCard is now offering $50 (5,000 bonus points) in the form of cash or a gift card after you make your first purchase.

The card itself earns 3 points for each dollar spent on gas purchases and 1 point on all other purchases. You need 2,500 points to redeem for a $25 gift card. Note that this version of the PerfectCard is points-based, as opposed to the original version which credited the cash rebate to your statement monthly. There is also an associated intro balance transfer offer for up to 12 months.

To apply, call 877-506-3455 by November 30, 2006 and mention offer code: RZN