Go Back  FlyerTalk Forums > Miles&Points > Credit, Debit and Prepaid Card Programs > Chase | Ultimate Rewards
Reload this Page >

JPMorgan offers 60,000 points to sign up for its new Sapphire bank account

JPMorgan offers 60,000 points to sign up for its new Sapphire bank account

    Hide Wikipost
Old Apr 26, 19, 1:55 am   -   Wikipost
Please read: This is a community-maintained wiki post containing the most important information from this thread. You may edit the Wiki once you have been on FT for 90 days and have made 90 posts.
 
Last edit by: SanDiego1K
Wiki Link
https://www.marketwatch.com/story/ch...tch-2018-09-14

https://money.cnn.com/2018/09/13/new...ing/index.html

April 2019: sweetened offer requires 45 days to earn points plus 45 additional days to hold money in account:

https://accounts.chase.com/consumer/...ine/sapphireUR

https://accounts.chase.com/consumer/banking/online/sapphireUR?jp_cmp=rb/635416/aff/3_100/na&CODE=pngc6t7Ewoo-SesldxO6jdzM6Raj_s_TCQ&MSC=pngc6t7Ewoo-SesldxO6jdzM6Raj_s_TCQ]Online application[/url]

Customers must make at least $75,000 in new deposits, or in investments, to qualify. Those investments must be kept at Chase and cannot be retirement investments. If customers meet those requirements, they will also get access to a new digital investment platform called YouInvest by JPMorgan, which gives commission-free stock and ETF trades with $0 account minimums.
  • You need a Sapphire or Freedom credit card to be eligible
  • You need to hit the minimum balance within 45 days and maintain it for 90 days
  • You need to leave the money in the account for 6 months
  • Offer extended to March 5 2019
  • As of 4/22/19, Chase.com had an expiration date of 6/15/19 and 90 days duration for the 60,000 UR promotion. https://accounts.chase.com/consumer/...ine/sapphireUR
Customers who maintain $75,000 in qualifying deposits or investments receive:
  • No fees on ATMs worldwide, including refunds on fees charged by non-Chase ATM owners
  • No fees on everyday banking, including foreign exchange fees, outgoing wire transfers and stop payments
  • Higher ATM withdrawal limits
  • Commission-free stock and ETF trades (new You Invest platform)
Accounts that do not maintain a $75,000 average balance incur a $25 monthly fee.
Print Wikipost

Old Jan 25, 19, 9:36 am
  #181  
 
Join Date: Apr 2006
Location: DFW (Highland Village)
Programs: AA Lifetime GLD, SPG Lifetime GLD
Posts: 375
Originally Posted by blargle View Post
Anyone sign up for this with a Freedom card? T&Cs mention Sapphire or Freedom card qualifies.
yes, Freedom Unlimited -- although it took me sending the banker a screen shot of the chase.com T&C for them to process. The branch believed it was just the sapphire branded cards.
Illini_Fan is offline  
Old Jan 25, 19, 9:37 am
  #182  
 
Join Date: Apr 2006
Location: DFW (Highland Village)
Programs: AA Lifetime GLD, SPG Lifetime GLD
Posts: 375
Originally Posted by euromannn View Post
Did you take the $750 vs points? I would take $750.
Is the Cash option still available with the banker?
Did you move into YouInvest and into a Vanguard 2.3% fun for 90 days?
1099-INT of $750 on 25% tax bracket means you lose $187.50 paying taxes.
I did the the 60,000 points because I value them higher than the cash since I transfer them to airlines for long-haul business class tickets. Also by using points, the tax hit will be lower.
Illini_Fan is offline  
Old Jan 26, 19, 11:36 am
  #183  
 
Join Date: Mar 2009
Location: PHX
Programs: HHonors Lifetime Diamond, UA Million Miler Gold, Marriott Platinum
Posts: 1,009
Originally Posted by silver02accord View Post
Yes, I had CF and CFU and signed up. Actually I have had the $75k in the account since 10/26 which has been more than 90 days and maintained the $75k balance but I have not received any points. Going to call Chase today.
I think it says it can be 45-60 to post after you complete the 90 day period. I think mine posted on the second cycle of my card. Around 30 or so days
HawkeyeFlyer is offline  
Old Jan 26, 19, 5:21 pm
  #184  
 
Join Date: Sep 2017
Programs: WN A-list Pref., Marriott PP, National EX, UA Gold
Posts: 212
Might haven't posted yet but I was told by banker at my branch they should post on my next statement. Between this and 2 ink bonuses I will have a nice stash of UR points.
flyguy6 is offline  
Old Feb 7, 19, 10:17 am
  #185  
 
Join Date: Jan 2015
Posts: 121
Can I simply roll an IRA > 75k into a Chase account somewhere? Or do I need to actually move around checking/savings/etc.? Can't seem to find a clear answer on this, apologies if I missed it.
dblue is offline  
Old Feb 7, 19, 10:25 am
  #186  
Community Director
 
Join Date: Oct 2000
Location: Anywhere warm
Posts: 29,498
Originally Posted by dblue View Post
Can I simply roll an IRA > 75k into a Chase account somewhere?
From the wiki:

Customers must make at least $75,000 in new deposits, or in investments, to qualify. Those investments must be kept at Chase and cannot be retirement investments.

Also, the offer was initially made with an expiration of January 11 2019. Let us know if you find they have extended the offer.
SanDiego1K is offline  
Old Feb 7, 19, 12:04 pm
  #187  
 
Join Date: Aug 2003
Location: Seattle, WA. USA
Programs: MR, AA, UA, DL, AVIS and growing
Posts: 775
Originally Posted by SanDiego1K View Post
From the wiki:

Customers must make at least $75,000 in new deposits, or in investments, to qualify. Those investments must be kept at Chase and cannot be retirement investments.

Also, the offer was initially made with an expiration of January 11 2019. Let us know if you find they have extended the offer.
I didn't like Chase's screening on questions about employment, etc so I rejected the 60k offer/$750.00

Just don't like being interrogated by a Bank employee when I was ready to deposit $75,000 check.
Plus I am Chase Bank Saphire Reserve Card holder plus a former Chase checking account holder.
euromannn is offline  
Old Feb 7, 19, 12:31 pm
  #188  
 
Join Date: Sep 2008
Location: AUS
Programs: AA PLT, Amex Plat
Posts: 4,042
Originally Posted by euromannn View Post
I didn't like Chase's screening on questions about employment, etc so I rejected the 60k offer/$750.00

Just don't like being interrogated by a Bank employee when I was ready to deposit $75,000 check.
Plus I am Chase Bank Saphire Reserve Card holder plus a former Chase checking account holder.
I did this in branch, with a banker and did not experience any "interrogation" whatsoever.

Regards
scubadu is offline  
Old Feb 7, 19, 2:28 pm
  #189  
SPG 5+ Badge
 
Join Date: Jun 2003
Location: La Jolla, CA
Programs: Ambassador, Lifetime Titanium, Delta Plat, Hilton Diamond (C) Hyatt Explorist (M)
Posts: 2,478
Originally Posted by euromannn View Post
I didn't like Chase's screening on questions about employment, etc so I rejected the 60k offer/$750.00

Just don't like being interrogated by a Bank employee when I was ready to deposit $75,000 check.
Plus I am Chase Bank Saphire Reserve Card holder plus a former Chase checking account holder.
Why even make a trip to the branch when they make it so simple to open online. Took less than 5 minutes.

They even allow you to deposit the funds later.
damon88 is offline  
Old Feb 7, 19, 2:34 pm
  #190  
SPG 5+ Badge
 
Join Date: Jun 2003
Location: La Jolla, CA
Programs: Ambassador, Lifetime Titanium, Delta Plat, Hilton Diamond (C) Hyatt Explorist (M)
Posts: 2,478
Originally Posted by SanDiego1K View Post
From the wiki:

Customers must make at least $75,000 in new deposits, or in investments, to qualify. Those investments must be kept at Chase and cannot be retirement investments.

Also, the offer was initially made with an expiration of January 11 2019. Let us know if you find they have extended the offer.

https://accounts.chase.com/consumer/...jdzM6Raj_s_TCQ


Can open online

Extended to March 5, 2019
damon88 is offline  
Old Feb 7, 19, 2:55 pm
  #191  
Hyatt Contributor BadgeMarriott 5+ Badge
 
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 2,539
Originally Posted by euromannn View Post
I didn't like Chase's screening on questions about employment, etc so I rejected the 60k offer/$750.00

Just don't like being interrogated by a Bank employee when I was ready to deposit $75,000 check.
Plus I am Chase Bank Saphire Reserve Card holder plus a former Chase checking account holder.
Sure it is your choice to reject the $750..... I was never interrogated, but willing to give true answer. Get noting to hide since all my banking info is there.

It is your gain or loss....
RedSun is online now  
Old Feb 7, 19, 2:58 pm
  #192  
Hyatt Contributor BadgeMarriott 5+ Badge
 
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 2,539
Originally Posted by damon88 View Post
Why even make a trip to the branch when they make it so simple to open online. Took less than 5 minutes.

They even allow you to deposit the funds later.
I figure you did not receive the email. The original offer was "upgrade" offer for existing Chase customer. In order to upgrade your existing Chase checking account, you'll need to visit a branch to do it. That is was the only way to do the upgrade. I was happy to shake hands with the Chase private banker. Good for future business too. Maybe he will help me to bypass 5/24 some day. What is to loss?
RedSun is online now  
Old Feb 10, 19, 9:37 pm
  #193  
 
Join Date: Oct 2015
Posts: 67
Does anyone know if a direct 75K ACAT transfer from Vanguard into Chase You Invest would qualify? Iíve searched and it seems like some people transferred 75K in cash into the checking account, then bought ETFs in their You Invest account. I havenít seen any data points about direct in kind ACAT transfers. Thanks!
UCitiFlyer is offline  
Old Feb 10, 19, 9:46 pm
  #194  
 
Join Date: Feb 2018
Posts: 35
Originally Posted by UCitiFlyer View Post
Does anyone know if a direct 75K ACAT transfer from Vanguard into Chase You Invest would qualify? Iíve searched and it seems like some people transferred 75K in cash into the checking account, then bought ETFs in their You Invest account. I havenít seen any data points about direct in kind ACAT transfers. Thanks!
I did an asset transfer and the Chase CSR confirmed it met requirements via secure message. We'll see though once the points post
Isavethings is offline  
Old Feb 11, 19, 6:45 am
  #195  
Hyatt Contributor BadgeMarriott 5+ Badge
 
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 2,539
Originally Posted by UCitiFlyer View Post
Does anyone know if a direct 75K ACAT transfer from Vanguard into Chase You Invest would qualify? Iíve searched and it seems like some people transferred 75K in cash into the checking account, then bought ETFs in their You Invest account. I havenít seen any data points about direct in kind ACAT transfers. Thanks!
Chase just wants new money into its bank. It does not care how you do it. When the transfer completes, send a note to your banker to remind them. It may not be automatic.
RedSun is online now  

Thread Tools
Search this Thread