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-   -   Chase Sapphire Banking and $1,000 bonus (https://www.flyertalk.com/forum/chase-ultimate-rewards/1991991-chase-sapphire-banking-1-000-bonus.html)

holocker Oct 19, 2019 3:10 pm

Chase Sapphire Banking and $1,000 bonus
 
I have the Chase Sapphire Reserve card and got a bonus offer for $1,000 points if I keep $75,000 in the account for 90 days. I was wondering if people have taken advantage of this offer and what type of accounts they have opened. I currently have a Capital One account earning 1.9% interest so transferring $75,000 for 3 months I lose $356 so ahead by $644 if I am calculating directly and just place in my checking account.

mia Oct 19, 2019 3:35 pm


Originally Posted by holocker (Post 31645877)
....bonus offer for $1,000 points .

Dollars or points?

Sounds as if it may be a variant of this offer: https://www.flyertalk.com/forum/chas...k-account.html

pdxer Oct 19, 2019 4:32 pm


Originally Posted by holocker (Post 31645877)
I have the Chase Sapphire Reserve card and got a bonus offer for $1,000 points if I keep $75,000 in the account for 90 days. I was wondering if people have taken advantage of this offer and what type of accounts they have opened. I currently have a Capital One account earning 1.9% interest so transferring $75,000 for 3 months I lose $356 so ahead by $644 if I am calculating directly and just place in my checking account.

It doesn't need to stay in the checking account. Open a YouInvest brokerage account, transfer the money, then put it into a money market fund, where it will earn a similar rate as what you're getting now.

philemer Oct 19, 2019 5:12 pm


Originally Posted by mia (Post 31645938)
Dollars or points?

Sounds as if it may be a variant of this offer: https://www.flyertalk.com/forum/chas...k-account.html

It's $1000. Thinking of doing this but wife says "in your name only". :D

garykung Oct 19, 2019 8:28 pm

OP, just open a Sapphire checking. Once the bonus has been credited, ask the account to be downgraded to the lowest level - $1,500 minimum balance, and get the money away.

But never close the account at least for a while.

Many have been doing that with Chase. What's funny is Chase's bankers are used to this.

ck8 Oct 20, 2019 10:52 pm

I signed up for this and transferred my brokerage account from Wells Fargo into a new You Invest. I intend to keep both accounts and use Chase as my primary accounts now that they are opening branches in Minnesota.

The bonus is cash, not points and is taxable as interest paid.

dr0832 Oct 27, 2019 9:52 pm

Chase DD
 
Does anyone know what counts as a DD for chase bank accounts in October 2019? All the intel I have found seems outdated.

christianj Oct 29, 2019 12:16 pm


Originally Posted by dr0832 (Post 31672721)
Does anyone know what counts as a DD for chase bank accounts in October 2019? All the intel I have found seems outdated.

DD????

garykung Oct 29, 2019 12:27 pm


Originally Posted by christianj (Post 31678483)
DD????

Direct Deposit.

Ton Tran Jan 16, 2020 5:47 pm

Chase Sapphire Banking Card
 
I'm curious is the card material the same as a debit card or is it heavier like the CSP card?

n049922 Jan 20, 2020 3:28 pm


Originally Posted by Ton Tran (Post 31959924)
I'm curious is the card material the same as a debit card or is it heavier like the CSP card?

The sapphire banking debit card is plastic

Polytonic Jan 24, 2020 5:29 pm


Originally Posted by garykung (Post 31646610)
OP, just open a Sapphire checking. Once the bonus has been credited, ask the account to be downgraded to the lowest level - $1,500 minimum balance, and get the money away.

But never close the account at least for a while.

Many have been doing that with Chase. What's funny is Chase's bankers are used to this.

What does the lowest level turn into? Just a regular Chase Total Checking account?

garykung Jan 24, 2020 6:09 pm


Originally Posted by Polytonic (Post 31991569)
What does the lowest level turn into? Just a regular Chase Total Checking account?

Yes.

lairdb Feb 8, 2020 12:15 pm


Originally Posted by garykung (Post 31646610)

But never close the account at least for a while.

Why not -- do they get cranky?

garykung Feb 8, 2020 4:52 pm


Originally Posted by lairdb (Post 32048454)
Why not -- do they get cranky?

Do you want to get blacklisted?

Based on the OP's offer and some reasonable estimation, the account would have opened only for 4 months.


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