I've posted recently about how the credit bubble is back and banks are tripping over themselves to issue credit cards. Chase gave me two free round-trip airline tickets to take their card and buy a cup of coffee with it. Discover is giving me $100 cash (plus additional rewards of up to 5%) to take their card and spend $1000 within three months.
Today alone, I received another offer from Chase for $100 if I would take yet another card from them and spend $1000 on it, and another offer from Capital One offering 10,000 bonus miles to take their card and make a single purchase on it. I'm not usually one to pass up a free $100 or 10,000 free miles, but this is getting ridiculous. I don't want to keep track of a dozen credit cards.
Don't let anybody tell you banks aren't lending. Consumers aren't borrowing.