I've had this card since it came out (and had an earlier version since the early 2000s) but cancelled the card about 4 months ago after some problems with Chase (they kept declining restaurant charges on the card and wouldn't explain). Recently, I received an invitation to apply again for the card and offering me 80,000 points if I spent $3,000 in the first three months, was not now a cardmember, and had not received a "new cardmember" bonus for this card within the last 24 months. The invitation is specifically made to me by name, is not transferable, and expires in about two months. I'm considering taking them up on the offer, but I note that it is actually less favorable than the current 70,000 point offer, since my offer does not waive the annual fee of $85 for the first year and does not offer the free night for the first year. However, it appears the current 70,000 points offer also omits the free night the first year. Have they done away with that inducement?