Chase PerfectCard: “Five Times the rewards” on Restaurant and Grocery Store Purchases Through July 2006

Got this offer in the mail the other day and it does not look targeted:

…From now until July 31, 2006, you’ll enjoy Five Times the rewards on all your qualifying restaurant and grocery store purchases… of course, you’ll still enjoy 3% rebates on qualified gas purchases and 1% on all other eligible purchaes as a valued Chase PerfectCard cardmember.

Best of all, this special “thank you” offer is automatic — there’s no need to activate it.

One major downside is that the fine print stipulates that the maximum rebate accumulation is $15 monthly, excluding purchases that earn 1%. This means that the limit will be reached after only $300 of restaurant/grocery spending, which is something to keep in mind.