As explained here, the new card from Chase Bank is designed to provide special incentives for home improvement spending.

Like most cards, it features a point-based system in which points are accumulated for each dollar spent and those points can then be later converted to gift certificates or products. In this case the system is pretty common...2,500 points = $25, meaning you're getting about 1% cash back.

What makes this card different is that the points tripple when you use the card at home improvement retailers, bumping the refund up to 3%.

As always, the devil is in the fine print...while there's no annual fee for the card (good) the rate starts at 13.24%. Not fantastic. That said, if your one who has the discipline to use the card but then pay it off every month you could probably work this out to your advantage. Obviously, home improvement spending adds up!

Details from Chase and the application form are located here.