That sounds like a borrowing account against your investment account. Or like a margin account. Just not sure how useful it is with the affluent "private clients". But still a good feature to have just in case....

So if I'm cash poor but heavily invested in stocks and want to buy a car or property my options are to sell stocks and pay cap gains (out the future value my positions and cap gains hit) or I take out a loan against my portfolio and continuously roll the loan forward only paying the interest.

Smart money never sells they leverage using collateralized debt.

It depends on what this "smart money" is buying or holding. Tesla, Coinbase, ARK ETFs etc. Can shoot to the noon, or can drop to the sand.

Again, this is not much different from having margin account. Probably have a lower interest compared with unsecured loans. Both mortgages and car loans do not count since they are already secured.

Also - this arrangement is similar to HELOC. They are investors who are cash poor using HELOC to pay for personal stuffs.

Do you know whether the (international) ATM fee reimbursement occurs at time of withdrawal (i.e. Fidelity Visa does this) or at end of month (i.e. Schwab does this)?

Both Domestic and International at the time of the withdrawal. You’ll see the reimbursement post the next business day as a credit showing the address of the ATM.

Have all the miles + points promotions expired for opening a CPC account?

Does this only work if Chase is charged the fee? What if the ATM charges me a fee directly - will Chase reimburse those too?

in my experience, any fee paid for using an ATM is covered.

Do you manually have your banker cover the fees? Otherwise, how would Chase know how much the fees were if it was charged directly?

yes, Chase does not charge a fee on their end for withdrawals, and reimburses any fee that is charged by the ATM operator. As previously mentioned, it is typically reimbursed next business day. Consistently for me both US and international.

I believe the fee portion is coded differently, so Chase knows that is the portion that gets reimbursed. Used my card in multiple countries (mostly EU and Asia, as well as non-Chase ATMs in the US, both bank ATMs and third-party), and have never failed to see tees reimbursed.

Thanks for these data points. Fortunately, there are plenty of Chase ATMs in NYC so there's always one nearby. However, I do find myself at some non-bank ATMs once in while (like in a deli or convenience store) and I usually try to find a Chase ATM instead. It's good to know that I don't need really need to do that.

the ATM fee is a separate line item so Chase knows how much to credit the account.

I hardly ever use ATM. Other then when I go on international travel. And I always try to use chase atms too. But couple weeks ago I was picking up food and they only took cash. And I didnt have enough. Was shy a few bucks. So used the atm that was in the restaurant.

This is how the ATM fee shows up.

https://cimg6.ibsrv.net/gimg/www.fly...a44282425.jpeg

Any chance of CPC refresh with replacement for Arts and Culture benefit? I was hoping they would tie it to CSR, but that refresh was a dud