Originally Posted by
Boraxo
I would not transfer $10MM just to get this card. You forget that it also includes the unpublished United Club membership, but that is worth $500/year at best. Otherwise it is almost identical to the CSR which does not require any AUM.
As CPC client I have never found 5/24 to be a problem when applying through my banker. But I am sure you will still get denied if you push the limits frequently. I would think the typical JPM client with $10MM+ has better things to do than churn and play app-o-rama. It's really a game for people with lots of time who can't afford to pay cash to travel in F. YMMV
correct. JPMR has the UC benefit, but its not a critical benefit since that can be replicated through CSR + personal/biz UA club cards. i definitely dont plan to transfer $10M in assets just for the card, but its something i could find useful.
also, im interested to hear how youre able to bypass 5/24 as a CPC. have you done this recently? i have not heard of recent DPs where CPCs are allowed to bypass this rule. unless youre talking about the green or black star pre-approvals which do bypass 5/24. even the BRM paper method works. i assume you had some type of targeted branch offer which makes sense.
lastly, you make an interesting assessment about the demographics involved the game. i have lots to say about that, but i would agree that the vast majority are probably "middle class". thats just the nature of the financial distribution bell curve. but there are plenty of ultra wealthy people on these boards. many amex cents from all around the world participate in the amex threads. i would argue that those with the mental and financial strength seek to optimize their personal and professional logistics through this game. why pay for J/F rack rate when you dont have to? therefore, CC churning may be a valuable tool even for the HNW.