5.5 years ago I transferred 4 mutual fund positions each of which I’ve owned for over 20 years only to meet the CPC requirements in order to get approved for a Sapphire Preferred card when I was at LOL/24 and CPC was an end run around 5/24 (not anymore). I haven’t touched those 4 positions since, no additional purchases, no sales, no dividend reinvestments.

Chase/JPM has never charged me anything in fees. I told the adviser from the start that I’m self-directed, he calls me every 6 month or so to say hello and offer his services. Fortunately he’s okay and those calls are never pressurized.

I too have taken advantage of CPC banker to fix problems, but that’s a weak selling point for the CPC program. “Put a lot on money in our bank, we’ll fix all the associated problems more quickly.”

My assessment of CPC perks: (bypass 5/24 was nice but didn’t last long enough), no/reimbursed ATM fees, higher ATM withdrawal limits, no ATM FTF, free safe deposit box, free wire transfer (only used once), CPC banker submitted documents to Chase Legal and he was able to get a Chase Trust checking account opened when several other banks said “no”, ability to get new safe deposit box at a branch where only CPC customers can get a box after Chase closed the branch closest to me where my box had been for the past 5 years (although that’s kinda in the “we’ll fix problems more quickly” category), few years ago CPC banker found a way for me to be approved for a Sapphire banking promo (60,000 UR) that was otherwise not available to CPC customers because CPC was/is a higher level than Sapphire and the promo was to encourage new Sapphire accounts.

This post (#188 above) has another piece of my mind about CPC.