If you're going to open up a new credit card, you might consider one that has better rewards than you currently have and/or an eqvalent sign-on bonus or better.

To me, it's a risk/reward decision. But $100 off does seem alittle low reward to me. I just opened up a one that got me a $200 sign-on bonus and 0% APR for a year.

Just my two-cents.

You can find a better bonus than $100:

https://www.doctorofcredit.com/best-current-credit-card-sign-bonuses/#Personal_Cards

Also, I'd shop around and see how much tires are at Costco or Sams if you're a member. I got new tires at Costco last year and they were cheaper than anywhere else, plus I get free rotations.

I avoid these because I'd rather sign up for a new card with a bigger bonus.

If you do choose to sign up, there's really no benefit to cancelling it (assuming no annual fee). Just chuck it in a drawer. Cancelling actually hurts your credit more than just keeping it open.

I find it absolutely insane that some people will open up a CC (hard hit) because of something like $100. To me this isn't worth the hassle of spending an extra 5 minutes giving some random person my financial information (not to mention the risk associated with it). It would take something like $1000 minimum for me to even consider something like this.

[removed]

Chase seems to always offer $200 bonus for spending $500 in the first 90 days on a few of their $0 annual fee cards and I think that should be your baseline.

Think of it as 1% cash back, you can get that any day any where so it's not really a great deal. Anything giving you less without another valuable benefit is not worth your time.

But don't cancel credit cards! You want to open several good accounts and keep them open in the long run to build credit. The Chase Freedom Flex for e.g. is pretty good, you get a few months out of the year you can earn 5% cash back on gas, groceries, paypal (so basically 80% of online shopping), etc.

What does good year give you? 1% rewards towards your next purchase of good year tires? But I like Michelin, they make the best summer tires.

I wouldn’t open a credit card just for $100 off tires. Discount Tire has regular revolving deals where you can get a visa gift card for buying tires. The last two times I bought Michelin tires for my car, it came with a $100 mail in rebate.

There are other ways to make $100 that don’t require a credit card.

Always remember that the $100 has to come from somewhere. Often, it's inflated prices from the beginning so it pays to shop around.

Personally, I stopped using tire stores and get my tires from Tirerack now. Just picked up a set of 4 tires on Wednesday for a Volvo XC90 for $906 out the door. Will have them installed by my local installer on Sunday (yes, he's open on New Years Day) for $90 which includes disposal of the old tires for me. The local tire shop wanted $1,000+tax before an upcharge for a 4-wheel alignment, mounting, balancing, and road hazard (lots of potholes around me - road hazard has saved me several times).