Chase could be coming out with a new signup bonus that will give you free award nights instead of points. The structure of the bonus comes from a survey that was sent out recently. It’s not specified which Chase card will have this bonus, but it’s likely the new Marriott card.
The promotion will give you one free night at Categories 1-4 for every $15,000 that you spend with your card during the first year of card membership. There’s a limit of 3 free nights, if you spend $45,000 for a year. DoC reports that Chase is going through with this promotion, likely in Q2 of this year.
Not the best bonus around, but I guess could come in handy for people that have lots of spend.