Affiliate Marketing Secrets

I got a letter in the mail from them tried to google the company but didnt find anything.

I just got a letter in the mail from chase that offers me a $150 bonus when I open an account with them. I currently do not have an account with chase but was planing on opening one. I feel though as if there is something sneaky with this such as I get this money deposited and then get charged it all back for keeping the account open.
Heres what it says
Bonus/Account Information — To qualify for the bonus you must open a new qualifying Chase checking account with a $100 minimum deposit of new money (money not currently held by Chase or its affiliates) within 60 days of account opening. Bonus will be automatically deposited into your new account within 10 business days after the $100 minimum deposit is made. Bonus is not considered part of minimum opening deposit. For new interest-bearing checking accounts, the Annual Percentage Yield (APY) is effective as of 5/6/11. The APY is 0.01% for all balances in all states. Interest rates are variable and subject to change. Fees may reduce earnings on the account. Limit one checking account-related bonus per customer, per calendar year. Offer not available on account conversions or in combination with any other offer. Checking account must remain open for a minimum of six months or the bonus amount will be debited from the account at closing. Account is subject to approval. Account is subject to approval. Bonus is considered interest and will be reported on IRS Form 1099-INT.

The letter stated that I was selected to be a secret shopper at sears, wal-mart & western union & I would be paid $325.00 out if the check I received. The check they gave me was for $2,450.71 with the John Deere Logo titled John Deere Insurance Company
They told me to deposit the check & funds would be available in 24-48 hours
The address on the letter is 38th East 29th st. 6th floor, New York, new york & telephone # of 1 866 475-8414 Ext. 1100
Is this a scam or is it legitimate???????

I have already submitted an application, and just got a letter in the mail today with the brochere and a personal information release form for them to conduct a records search on me. Can someone tell me what exactly will be searched, and if they can get information on all reports that have my name on them? I know my crimminal record check has come back clean with no offences listed on it, as I got one done for employment purposes about a month ago. I’m just wondering if that’s all that will be searched, and what CPIC, CNI, NICHE, ARCHIVED, and MTO all are, as they are in a chart on my personal release form to be checked off as negative (clean).