Define "much"

CPC has a sliding scale that started at 1.35% and falls with larger AUM. Again that is a historical # I have no idea regarding the current fee structure.

Most large asset managers I've spoken with are now 1% and below, so Chase is at the high end and also rather mediocre personalization.

The main one that I was sure he couldn’t deliver was multiple fee free business checking accounts for different entities (we have several small family businesses, and they’re all under different legal entities - as they should be). The Private Client Banker who I’ve known for a while even gave me a look when he said he could get this done. And in a later meeting, the advisor himself walked it back saying they could do one (which is the published benefit).

Another was the JPM card. We’re in the mid 7 figures in investable assets, and I know there have been reports of people getting it below that mark, but those seem to be old data points. He would only say that he could get it for me “mid next year”. I wasn’t going to bank (literally) on it. This was another statement he walked back in a later meeting.

Also, he swore up and down that their cash management product was like Fidelity’s which has an auto-liquidation feature. All the research I did, and later others confirmed, say otherwise.

For those that don’t know, this is a great feature when interest rates are decent. You can keep all your spare cash in a high yield fund, and you don’t need to keep any in the “cash” (almost no yield) portion of the account). As transactions (ACH, wire, internal transfers, etc) come in, it automatically sells whatever it needs to cover the transaction. So you don’t need to monitor it and sell (and wait at least a day - more if there are weekends/holidays) in order to have enough available in liquid cash to cover the transactions, or worse, keep a bunch of cash liquid instead of in the high-yield side. So your money earns the most it can until the last moment.

Why do you want the JPM Card so badly

Okay, I'll bite.

You quoted my entire post and from that you took that I wanted the JPM card "so badly"? In response to your original question, I listed the card as -one- issue I had with the representative I worked with or the platform itself. There were several others, two of which I listed. Would I like to have the card if the situation is right? Sure, because we already hold the CSR and 1) we live in a UA-hubbed city, so the lounge access would be nice for the same price as what we pay for the CSR, and 2) the CS is supposedly better for the card. But am I going to move all our assets over JUST for the card? No. If I wanted it "so badly", I would have taken his offer of 50 basis points and then complained endlessly when he didn't come through with the card and eventually probably would have gotten it.

I posted the original post as a warning for others to be careful relying on promises made by CPC or JPMPC advisors (and really, any advisors), but this has now somehow turned into an inquisition from you on my decisions or choices. I hope this satisfies your curiosity because I won't be engaging any further.

No need to get that offended about a simple question. I just wanted to know why the JPM card was so important to you. I had the Amex Centurion card for a few years and it was one of the biggest waste of money every. Downgraded to the Platinum.

When First Republic was merged, we moved assets over to self brokerage accounts (Roth, IRA, Brokerage) to satisfy the CPC min of 150k. When JPMPC was announced we moved $750k over. They required that amount to be in accounts for 30 days, then manually moved us over to JPMPC. The terms and conditions say they will re-evaluate annually in the 30 days prior to your anniversary and move you to a lower tier if you no longer meet asset requirements (which for us should be Oct 2026).

in the interim, we have moved assets and are now below 750k (no transfers, some spending) and it is now 300k. We were moved back to CPC (we think). I received a call from my “new” CPC banker as an introduction (he confirmed we are still JPMPC, but did not know anything about a dedicated banker). We are now in the process of moving additional funds back so over the 750k, but seems to be we were moved before we were “supposed” to be (based on T&C). The website still shows the JPM branding (not Chase) but the relationship banker has changed.

I am feeling that way about the Amex Plat now, especially with the AF hike. Not worth it unless I get more use from the Amex lounges.

Palladium card was a nice ego piece (Obama had one) but otherwise just a cheap way to get into UCs. JPM Reserve will actually be a better deal under the new fee structure (at least for some of us) as the credits (eg stubhub) will require less effort than Amex monthly coupon book.

I have never been impressed by a credit card or who carries them. I had the Centurion and never felt "cool" about it or cared who else had one.....In fact I felt like a sucker paying the initian fee and then the annual fee to have it.

What type of perks have you all been given or experienced with your CPC rep? Games, concerts etc

Not sure what you consider to be a "perk". Presuming it's non-Chase-banking benefits, I've been given none, but I also haven't asked for any, that was never a motivation or expectation for me to become and/or maintain CPC.

OTOH, I have received many Chase perks, including many points and miles credit cards (and a UR banking bonus) that I believe I would NOT have received had I NOT been CPC (as documented in my previous (often redundant) posts on this thread: #276, #217, #188, #92, #55, #16).

Presumably "great" does not include games or concert tickets and/or you're differentiating Chase CPC "rep" (?banker) from Chase CPC "investment contact" (?Chase/JPM advisor). What perks have YOU received?

Nothing. For a brief moment, a banker at our local branch was a notary. That was convenient on the rare occasion that we needed a document notarized. He moved on and no one else had that ability.

Zero since the program was launched. CPC investment + banking used to include a suite of perks, including safe deposit box, museum pass program, waived account fees, discounted mortgage, and HELOC, but the CPC program was gutted over time.

My CPC investment advisor was able to secure a JPM. Palladium card for me, for which I am eternally grateful

Now that I think about it, we get waived ATM fees which is helpful abroad. And fees are waived for money transfers, useful for the occasional need for our business.

You can get this with Fidelity in a Cash Management Account with $1 in it and no fees. I think Schwab has similar. Yes, it’s nice to have, but having to put a ton of money at Chase to get this is silly IMO. I have a basic Chase checking account really for Zelle only, but the Fidelity CMA basically functions as my “checking” account just for features like this. Free domestic wires in and out too (not sure about international).

You can also get waived/refunded ATM fees and free wire transfers with a Chase Sapphire checking account (though there's a $75k requirement in combined account value)