Originally Posted by
RedSun
Not sure if all the above is true.
For balance requirement of both Sapphire banking and CPC, assets in all discretionary Chase accounts count toward the balance requirement. This excludes all employer sponsored 401K or similar, pension or HSA. You Invest accounts should be included, even regular IRA accounts.
But to get the bonus for new account or upgrade, it has to be additional new money into Chase. And it has to be non-taxable money, not IRA rollover into Chase. I believe YouInvest accounts are included.
The traditional CPC is fee based. But now you can still get CPC with self-directed accounts. YouInvest accounts are clearly self-directed accounts.
If in deed CPC bonus has to be fee based, you can still wait for 3 months to get bonus and pay the fees for 3 months. Then move your money into YouInvest accounts and still keep CPC status. My banker stated clearly this can be done.
Now I am more confused! There are two different types of CPC brokerage accounts? One with fees (traditional) and one without (self-directed)? That's separate from You Invest? I have no problem parking some funds in a non-interest bearing CPC checking account to get the bonus, but I want to be able to maintain CPC status without having to pay any fees!
LAX