Chase Sapphire Banking and $1,000 bonus
Oct 19, 19, 4:10 pm
#1
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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.
Oct 19, 19, 4:35 pm
#2
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Originally Posted by holocker
....bonus offer for $1,000 points .
Sounds as if it may be a variant of this offer: JPMorgan offers 60,000 points to sign up for its new Sapphire bank account
Oct 19, 19, 5:32 pm
#3
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Originally Posted by holocker
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.
Oct 19, 19, 6:12 pm
#4
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Originally Posted by mia
Dollars or points?
Sounds as if it may be a variant of this offer: JPMorgan offers 60,000 points to sign up for its new Sapphire bank account
Sounds as if it may be a variant of this offer: JPMorgan offers 60,000 points to sign up for its new Sapphire bank account
Last edited by philemer; Oct 27, 19 at 11:56 pm
Oct 19, 19, 9:28 pm
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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.
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.
Oct 20, 19, 11:52 pm
#6
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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.
The bonus is cash, not points and is taxable as interest paid.
Oct 29, 19, 1:16 pm
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Originally Posted by dr0832
Does anyone know what counts as a DD for chase bank accounts in October 2019? All the intel I have found seems outdated.
Jan 24, 20, 6:29 pm
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Originally Posted by garykung
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.
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.
Jan 24, 20, 7:09 pm
#13
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Originally Posted by Polytonic
What does the lowest level turn into? Just a regular Chase Total Checking account?
Feb 8, 20, 5:52 pm
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Originally Posted by lairdb
Why not -- do they get cranky?
Based on the OP's offer and some reasonable estimation, the account would have opened only for 4 months.
