Sep 15, 2018, 3:34 pm
Last edit by: SanDiego1K
https://www.marketwatch.com/story/chase-is-now-offering-points-on-a-checking-account-but-theres-a-big-catch-2018-09-14
https://money.cnn.com/2018/09/13/news/companies/chase-sapphire-banking/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/banking/online/sapphireUR
Online application
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.
https://money.cnn.com/2018/09/13/news/companies/chase-sapphire-banking/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/banking/online/sapphireUR
Online application
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/banking/online/sapphireUR
- 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)
JPMorgan offers 60,000 points to sign up for its new Sapphire bank account
Oct 1, 2018, 6:44 pm
#62
Join Date: Sep 2018
Posts: 11
From comments on other sites it also sounds like the banking offer will be highly targeted, at least at first - it's not clear if people with existing basic checking accounts will qualify. Not sure anymore if I should jump on the $300 checking offer if it prevents me from getting the sapphire checking bonus down the road.
Oct 2, 2018, 11:26 am
#64
Join Date: Sep 2017
Programs: WN A-list., Marriott Plat, National EX, UA Silver
Posts: 289
From comments on other sites it also sounds like the banking offer will be highly targeted, at least at first - it's not clear if people with existing basic checking accounts will qualify. Not sure anymore if I should jump on the $300 checking offer if it prevents me from getting the sapphire checking bonus down the road.
https://thepointsguy.com/news/faqs-c...phire-banking/
Oct 5, 2018, 1:48 pm
#65
Join Date: Mar 2009
Location: PHX
Programs: HHonors Lifetime Diamond, UA Million Miler Gold, Marriott Platinum
Posts: 1,142
Chase Sapphire Card - Sapphire Banking
I see where Chase is offering a 60,000 UR for opening a new account or bringing in a "new" $75,000 to an existing account. I was very disappointed when I stopped by the branch and was told it is targeted only.
Hard to believe to me, aren't Sapphire cardholders a subset already? Are they simply targeting card holders who do not have active banking with Chase.
Have to be honest, getting very close to switching to Bank of America. They have some intriguing offers and if I drop $250k in an account they have a great points earning opportunity. Chase just does not seem to value customers and I have multiple accounts over 25 years.
What experience have others seen here?
Hard to believe to me, aren't Sapphire cardholders a subset already? Are they simply targeting card holders who do not have active banking with Chase.
Have to be honest, getting very close to switching to Bank of America. They have some intriguing offers and if I drop $250k in an account they have a great points earning opportunity. Chase just does not seem to value customers and I have multiple accounts over 25 years.
What experience have others seen here?
Oct 5, 2018, 1:56 pm
#66
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Oct 5, 2018, 10:00 pm
#67
Join Date: Sep 2017
Programs: WN A-list., Marriott Plat, National EX, UA Silver
Posts: 289
I spoke to a rep at a Chase branch and he confirmed I am still not showing the targeted offer on my account.
Has anyone on Flyertalk been confirmed to have revived the 60k offer? Be nice to get some DP's on who is actually getting the offer.
Has anyone on Flyertalk been confirmed to have revived the 60k offer? Be nice to get some DP's on who is actually getting the offer.
Oct 6, 2018, 4:47 pm
#68
Join Date: Oct 2017
Posts: 138
Went in to a branch on Wednesday, confirmed having an offer, and upgraded to Sapphire banking. All done in 15 mins. I do have CSR.
Oct 6, 2018, 5:10 pm
#69
Suspended
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 4,412
As I said, Chase somehow realized giving out 100,000 US points won't keep the $$ coming in and flowing. It only attracts the churners. It now wants to copy BofA and reward its best customers. The pure credit card companies can't compete at the deposit relationship front. I'd like to see Chase further rewards its CSR customers with like 1.5x UR multiplier...
Oct 7, 2018, 2:13 pm
#70
Join Date: Nov 2016
Location: SFO
Programs: Hilton Diamond, Marriott Gold, IHG Plat
Posts: 756
As I said, Chase somehow realized giving out 100,000 US points won't keep the $$ coming in and flowing. It only attracts the churners. It now wants to copy BofA and reward its best customers. The pure credit card companies can't compete at the deposit relationship front. I'd like to see Chase further rewards its CSR customers with like 1.5x UR multiplier...
They want to convert cc customers over to their other services, particularly banking/investment products. People moving their cash assets to them is far more lucrative since they can loan out that cash balance to earn interest.
Oct 7, 2018, 2:41 pm
#71
Join Date: Nov 2004
Location: Los Angeles, CA; Philadelphia, PA
Programs: OZ Diamond
Posts: 6,134
At this point, they are fairly satisfied with CSR users as it is. They have created a balanced product that competes well again the C1t1 Prestige and Amx Plat. So I don't see them raising benefits on that, if anything, they cut some benefits earlier this year.
They want to convert cc customers over to their other services, particularly banking/investment products. People moving their cash assets to them is far more lucrative since they can loan out that cash balance to earn interest.
They want to convert cc customers over to their other services, particularly banking/investment products. People moving their cash assets to them is far more lucrative since they can loan out that cash balance to earn interest.
LAX
Oct 7, 2018, 2:52 pm
#72
Join Date: Nov 2016
Location: SFO
Programs: Hilton Diamond, Marriott Gold, IHG Plat
Posts: 756
I asked about possible unpublished benefit of partially reimbursing the AF on one of the Sapphire cards if I were to move and keep assets there, which would be similar to what Schwab does for the Amex Plat (except that it's a published benefit there). I was pretty much told no and redirected to another CC with no AF. Hence, I am not sure how much Chase values the banking/investment relationships.
LAX
LAX
Regarding waiving AF, Chase is known to have a much higher bar for retention offers (see this thread). They can also see what other cards you have and know that you will probably still continue to spend with them, and this is the same with Amex. I have never gotten a retention offer simply, because I have plenty of other cards with both of them that they always say I should just move my spend to one of those.
Oct 7, 2018, 5:49 pm
#73
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Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 4,412
At this point, they are fairly satisfied with CSR users as it is. They have created a balanced product that competes well again the C1t1 Prestige and Amx Plat. So I don't see them raising benefits on that, if anything, they cut some benefits earlier this year.
They want to convert cc customers over to their other services, particularly banking/investment products. People moving their cash assets to them is far more lucrative since they can loan out that cash balance to earn interest.
They want to convert cc customers over to their other services, particularly banking/investment products. People moving their cash assets to them is far more lucrative since they can loan out that cash balance to earn interest.
You do not want to give out 60,000 UR to keep the $75k $$ at the bank for several months and be gone after that. This is what Fidelity did before by offering like 60,000 airline points. It is a losing game.
Oct 7, 2018, 7:10 pm
#74
Join Date: Nov 2004
Location: Los Angeles, CA; Philadelphia, PA
Programs: OZ Diamond
Posts: 6,134
Banks already realize that offering welcome bonus is not enough to retain the $$$ at the bank. I definitely see banks going the direction of BofA Preferred Rewards. They will offer banking perks, free trade and possible credit card reward multipliers.
You do not want to give out 60,000 UR to keep the $75k $$ at the bank for several months and be gone after that. This is what Fidelity did before by offering like 60,000 airline points. It is a losing game.
You do not want to give out 60,000 UR to keep the $75k $$ at the bank for several months and be gone after that. This is what Fidelity did before by offering like 60,000 airline points. It is a losing game.
LAX
Oct 13, 2018, 1:53 pm
#75
Join Date: Aug 2007
Posts: 85