Interesting. It was not automatic for me, and our account had the required amount for over a year.

The funnier part is that when I noticed it, I was concerned. Called to ask what CPC CHKNG was because I hadn't done anything on my end to make the change and it didn't click until the rep told me.

Which specific benefits of CPC are you most excited about?

Regards

Don't know that I'd say excited...but have used a few of them since getting it late last year. First, I have family photos and other sensitive files backed up to a USB drive that I keep in the free safety deposit box. Hadn't done that before. Also have 2 crypto hardware wallet devices in the box as well. Had always kept them at home. The other benefit, which I hadn't known about before, is the limit of $25,000 for mobile deposit. Had been sitting on a $15k+ check and when I checked yesterday found out I could deposit it without going to the bank or ATM.

This proved my thinking that CPC is almost the same way as Sapphire relationship. You just need to have higher combined balance.
The best benefit of CPC/Sapphire banking is the free international wire, both ways. I used it a couple of times, or less than once a year. And the occasionally no fee overseas ATM access. I used it when I was in Greece since I did not bring enough Euro cash. Never used the safe deposit box and it is offered at other bank branches too.

This has not been my experience. I had over $650k and never received an invite or upgrade to CPC. Recently took 2/3 of that out of Chase and transferred to BOA/ML to take advantage of the Preferred Rewards. Maybe I will be set up to transfer some back when they offer another large CPC bonus offer.

Chase bonus only works on taxable $$, if I remember correctly. BA/ML bonus works on IRA $$ too.

I use Chase, Fidelity and Schwab. Some stocks you can't buy on certain platforms. Chase is the most restrictive. OXY-WT (warrants) that are traded on the NYSE were not available on either Chase or Fidelity but I could but them on Schwab. My 2 cannabis stocks (TCNNF and CRLBF) I could only buy on Fidelity.

2 months ago I moved my IRA from Chase to Schwab because Chase only offers covered calls and cash secured puts. I can do spreads and buy deep in the money calls after transferring to Schwab. Chase website also times out very fast.

Random data point: Chase appears to have added an account over which I have a power of attorney to my accounts to determine eligibility. It hardly seems worth the effort, although does having a named contact banker ever help?

EDIT: browsing this thread, it seems having a named contact banker has little if any value.

Just curious, has anyone tried getting their CPC banker involved in credit card related issues such as denied dispute? I know they are different divisions, but wonder if CPC would offer any advantage in that regard.

LAX

Is it really just $150k now? I thought it was actually $150k minimum but $250k average balance was still needed?

Last I checked, it was $150k average daily balance to avoid the service fee, but $250k in new money for the $2000 offer.

Most likely, for about the past 4 years, the answer to your question is probably either “no” or “yes but it didn’t help”.

FWIW, about 5 years ago I transferred some long held assets to Chase specifically to become CPC because at that time CPC was a viable way around 5/24. I was at about 30/24 at the time, applied for CSP in person with a private banker during the same meeting we did CPC enrollment. CSP application was declined, banker did the recon work, approved 2 days later. CSR was introduced a few months later, I applied in person with the same banker and amazingly to me (and the banker), instant approval with a very high credit limit.

However, that gravy train ended within the next year, an application about 4 years ago was declined for “too many recent accounts” and no amount of recon effort by myself and a banker got the decline reversed.

I am a firm believer though that CPC helps in unidentified ways, see my posts #48, #55, and #90 above. (And my business bona fides are somewhat feeble to say the least 😉.)

No. CPC banker won't help with CC application and closure etc. As for credit dispute, I do not see that they can help. Can only facilitate and move faster I assume.

I am not trying to get around 5/24 with CPC. I was just wondering if service level at different divisions of JPMC would be different for CPC. It sounds like CPC won't make a difference outside of banking. Thanks.

LAX