Last edit by: Boraxo
Chase Private Client
Qualification:
At least $150,000 with Chase Bank in personal and business bank accounts. Also include investments with JP Morgan. Excludes all employer sponsored retirement plans (401K etc.) and other benefits plans such as HSA etc. but includes IRAs managed by Chase. The investments can be managed by JP Morgan (fee based) or self-directed by the clients.
There is no Monthly Service Fee for Chase Private Client Checking when you have one of the following each monthly statement period: an average beginning day balance of $150,000 or more in any combination of this account and linked qualifying deposits and investments or you have a linked Chase Platinum Business Checking account (with $50,000 balance). Otherwise a $35 Monthly Service Fee will apply.
Benefits:
Chase Sapphire Banking Relationship
Qualification:
At least $75,000 with Chase Bank in personal and business bank accounts. Also include investments with JP Morgan. Excludes all employer sponsored retirement plans (401K etc.) and other benefits plans such as HSA etc. The investments can be managed by JP Morgan (fee based) or self-directed by the clients.
Benefits:
The benefits of Chase Private Client and Chase Sapphire Banking are almost identical. The main difference is that CPC has a dedicated private banker vs Sapphire dedicated service line. CPC is for clients who have more sophisticated banking and investment needs and desire a more personal relationship. CPC may have other banking discounts with mortgage, vehicle loans etc.
Before CPC was a way to get around the Chase 5/24 credit application limitation. It was also the backdoor to apply for the JPM Reserve (former Palladium) card. Both have been blocked or eliminated.
Qualification:
At least $150,000 with Chase Bank in personal and business bank accounts. Also include investments with JP Morgan. Excludes all employer sponsored retirement plans (401K etc.) and other benefits plans such as HSA etc. but includes IRAs managed by Chase. The investments can be managed by JP Morgan (fee based) or self-directed by the clients.
There is no Monthly Service Fee for Chase Private Client Checking when you have one of the following each monthly statement period: an average beginning day balance of $150,000 or more in any combination of this account and linked qualifying deposits and investments or you have a linked Chase Platinum Business Checking account (with $50,000 balance). Otherwise a $35 Monthly Service Fee will apply.
Benefits:
- No monthly service fee on Chase Private Client checking or savings accounts.
- A reduced minimum balance requirement on Chase Platinum Business Checking and no monthly fee on Chase Total Business Checking accounts
- No fees for domestic and international wire transfers completed in person, on the phone or online.
- No Chase fee at a non-Chase ATM (including international ATMs). In addition, Chase refunds ATM fees charged by the ATM owners up to five times per statement period.
- No fee for 3 x 5 Safe Deposit Box and a 20% discount for larger boxes (though Chase exited safe deposit business in California)
- No stop payment fees.
- No fees for cashier’s checks, counter checks or money orders.
- When using your debit card, Chase will increase your daily ATM withdrawal limit of up to $2,000 and a daily purchase limit of up to $7,500.
- No exchange rate adjustment fees for debit card usage or ATM withdrawals abroad, making this another great way to save on overseas ATM withdrawals
- A slightly higher sign-up bonus on the Chase Sapphire Preferred Card. Chase Private Client customers can earn 60,000 bonus points after spending $4,000 on their card within three months of account opening, versus 50,000 points for the public offer. (Possibly outdated)
- Mortgage benefits including the ability to leverage Chase’s best rate when you purchase a home with the Chase Private Client Mortgage Rate Purchase Program (based on your total deposits and investments with Chase), a $750 discount on closing costs on all loans, dedicated priority processing and senior underwriting support for loans,
discounts for Home Equity Lines of Creditand direct access to Customer Service Specialists. Note: Chase discontinued new HELOCs in 2020 (existing HELOC accounts are grandfathered with these benefits). Access to the Chase Private Client Arts & Culture program, which includes a card that offers free admission and discounts to museums in about a dozen major US cities. For example, in New York it offers free admission to the American Museum of Natural History for yourself and up to five guests. The card is specific to an individual city, but it appears that Chase is willing to send you new cards when you plan on visiting a particular city.Discontinued.- A private client advisor when you have investments with JP Morgan
Chase Sapphire Banking Relationship
Qualification:
At least $75,000 with Chase Bank in personal and business bank accounts. Also include investments with JP Morgan. Excludes all employer sponsored retirement plans (401K etc.) and other benefits plans such as HSA etc. The investments can be managed by JP Morgan (fee based) or self-directed by the clients.
Benefits:
- No monthly service fee on Chase Sapphire checking or savings accounts.
- One no fee Chase Total Business Checking account (may have been removed)
- No fees for domestic and international wire transfers completed in person, on the phone or online.
- No Chase fee at a non-Chase ATM (including international ATMs). In addition, Chase refunds ATM fees charged by the ATM owners up to five times per statement period.
- No fee for 3 x 5 Safe Deposit Box and a 20% discount for larger boxes.
- No stop payment fees.
- No fees on the first four overdrafts during the current the prior 12 statement periods
- No fees for cashier’s checks, counter checks or money orders.
- When using your debit card, Chase will increase your daily ATM withdrawal limits.
- No exchange rate adjustment fees for debit card usage or ATM withdrawals abroad, making this another great way to save on overseas ATM withdrawals
- 24/4 dedicated Chase Sapphire banking service line
The benefits of Chase Private Client and Chase Sapphire Banking are almost identical. The main difference is that CPC has a dedicated private banker vs Sapphire dedicated service line. CPC is for clients who have more sophisticated banking and investment needs and desire a more personal relationship. CPC may have other banking discounts with mortgage, vehicle loans etc.
Before CPC was a way to get around the Chase 5/24 credit application limitation. It was also the backdoor to apply for the JPM Reserve (former Palladium) card. Both have been blocked or eliminated.
Chase Private Client
#31
Join Date: Aug 2010
Posts: 146
I was planning on moving from Citi Gold to Chase PC. Anyone get the $2000 bonus? I don't see any advantage of Citi Gold - only reason I held on to it was credit for Citi Prestige but I think that's gone and the Chase PC incentive seems good.
#32
FlyerTalk Evangelist
Join Date: Aug 2009
Location: ZOA, SFO, HKG
Programs: UA 1K 0.9MM, Marriott Gold, HHonors Gold, Hertz PC, SBux Gold, TSA Pre✓
Posts: 13,811
So you need to think about this - you want the incentive or something else? Incentive, Chase it is. Otherwise, take the incentive and go somewhere else.
#33
Join Date: Sep 2006
Location: LAX
Posts: 1,206
In all seriousness, for most people there is no compelling reason to go out of your way to use CPC because, even if just looking at Chase, Sapphire Checking is almost the same and requires a lot less to qualify. I have it because I banked with Chase before and there was no reason not to get a CPC account. If you are happy already at somewhere like Schwab that specializes on the brokerage side of things, the U Invest platform is so-so at best, and certainly doesn't lend itself to someone that wants to actively invest (no pre-market or aftermarket trading or futures) or use leverage.
#34
FlyerTalk Evangelist
Join Date: Aug 2009
Location: ZOA, SFO, HKG
Programs: UA 1K 0.9MM, Marriott Gold, HHonors Gold, Hertz PC, SBux Gold, TSA Pre✓
Posts: 13,811
In all seriousness, for most people there is no compelling reason to go out of your way to use CPC because, even if just looking at Chase, Sapphire Checking is almost the same and requires a lot less to qualify. I have it because I banked with Chase before and there was no reason not to get a CPC account. If you are happy already at somewhere like Schwab that specializes on the brokerage side of things, the U Invest platform is so-so at best, and certainly doesn't lend itself to someone that wants to actively invest (no pre-market or aftermarket trading or futures) or use leverage.
#35
Join Date: Aug 2010
Posts: 146
If your focus is on the incentive only, then Chase is the one. Otherwise, as I have said earlier in this thread, everyone sucks. For many here, CPC is not exactly attractive (setting aside the incentive) as its international "support" is weak.
So you need to think about this - you want the incentive or something else? Incentive, Chase it is. Otherwise, take the incentive and go somewhere else.
So you need to think about this - you want the incentive or something else? Incentive, Chase it is. Otherwise, take the incentive and go somewhere else.
Hence was thinking let me come to Chase for the incentive - i dont know if there is anything here i would like - maybe free wire transfers if they have it? I do have Schwab checking account which i love and use as primary.
Let me know your thoughts. I also wasn't sure what would be best way to move money from Citi Gold to Chase PC - as Citi Gold limits ACH transfers. I do have a capitalone360 which may not have the limits.
#36
Join Date: Jun 2011
Posts: 3,523
#37
Join Date: Nov 2004
Location: Los Angeles, CA; Philadelphia, PA
Programs: OZ Diamond
Posts: 6,133
#38
The bad thing about Chase, both CPC and Sapphire Banking is its brokerage offering. The online brokerage service is very basic. And they won't let you trade any leveraged ETFs. This is a big killer of their offering.
Now I'm thinking of moving my $$$ away from Chase. Not sure where to park the money. Wish both Fidelity and Schwab have some premium offerings like Chase Sapphire. It is the only premium banking that offers free wire both domestic and internationally.
Now I'm thinking of moving my $$$ away from Chase. Not sure where to park the money. Wish both Fidelity and Schwab have some premium offerings like Chase Sapphire. It is the only premium banking that offers free wire both domestic and internationally.
#39
Join Date: Jan 2014
Posts: 17
WOW! This guy sounded like a stereotypical used car salesman. His pitch was to manage my money by putting it into bonds... for a small fee. I told him I was okay managing my own money and would pass. But the guy's opening line alone was enough to make me not want to speak with them ever again.
#40
Join Date: Feb 2006
Location: Verdi, NV, SFO & Olympic (aka Squaw )Valley.
Programs: Ikon Pass Full + AS Gold + Marriott Titanium + Hilton Gold. Recovering UA Plat. LT lounge AA+DL+UA
Posts: 3,822
The bad thing about Chase, both CPC and Sapphire Banking is its brokerage offering. The online brokerage service is very basic. And they won't let you trade any leveraged ETFs. This is a big killer of their offering.
Now I'm thinking of moving my $$$ away from Chase. Not sure where to park the money. Wish both Fidelity and Schwab have some premium offerings like Chase Sapphire. It is the only premium banking that offers free wire both domestic and internationally.
Now I'm thinking of moving my $$$ away from Chase. Not sure where to park the money. Wish both Fidelity and Schwab have some premium offerings like Chase Sapphire. It is the only premium banking that offers free wire both domestic and internationally.
#41
There is none as of right now. The $100 credit on AmEx Plat from Schwab is good. But not good enough.
#42
Join Date: Feb 2006
Location: Verdi, NV, SFO & Olympic (aka Squaw )Valley.
Programs: Ikon Pass Full + AS Gold + Marriott Titanium + Hilton Gold. Recovering UA Plat. LT lounge AA+DL+UA
Posts: 3,822
That does not add much. We need a full online broker with extended banking service. Or we need Fidelity or Schwab to offer something like Chase Sapphire/CPC or BofA Preferred Reward programs....
There is none as of right now. The $100 credit on AmEx Plat from Schwab is good. But not good enough.
There is none as of right now. The $100 credit on AmEx Plat from Schwab is good. But not good enough.
#43
I did not know what neither Chase nor Citi offers full range of products, such as leveraged ETFs. That should be considered basic with any online broker. Even the old Wells Fargo Advisor offers that more than 10 years ago.
#44
Join Date: Nov 2004
Location: Los Angeles, CA; Philadelphia, PA
Programs: OZ Diamond
Posts: 6,133
I just downgraded Chase Sapphire and moved to Merrill Edge. The only thing I get out of Chase Sapphire is the free wire transfer and occasional free ATM overseas. I used each probably 2-3 times a year. I think there are some alternatives, such as Schwab checking account etc.
I did not know what neither Chase nor Citi offers full range of products, such as leveraged ETFs. That should be considered basic with any online broker. Even the old Wells Fargo Advisor offers that more than 10 years ago.
I did not know what neither Chase nor Citi offers full range of products, such as leveraged ETFs. That should be considered basic with any online broker. Even the old Wells Fargo Advisor offers that more than 10 years ago.
LAX
#45
For Chase, there is no online chat. But its secure messenger is great. But the support on the investment side is really lacking.
Citi is probably the worst. It closed all its local branches here. No access to any within 25 miles radius. Its phone system is a big mess. So I closed most of my bank/investment accounts.