As I have previously said - all major 4 are bad. It is just a matter of how bad you want this to be.

You do know that Merrill is BofA?

Certainly Merrill is BofA.

It is not that all 4 majors are bad. They are good with certain things. You just need to get whatever works for you. Folks say Wells Fargo is bad. But I've been with them for many many years. Happy with almost everything they have done for me.

If Chase offers more investment products, definitely I'll come back. Even be a CPC. The same with Citi. But Citi has disappeared. Citi wants to push people to online. But its online stuff has been the worst.

I’m beginning to think that CPC does help a little, in mysterious ways, for credit card applications. I’ve been CPC for about 4-5 years, transferred enough long (and still) held assets 4-5 years ago specifically to get around 5/24 for a Sapphire Preferred application. A month later Sapphire Reserve was introduced and I applied in person with a new (to me and Chase) CPC banker and was instantly approved.

A few months ago, I was approved for 3 new Chase accounts on the same day. For the first time in over 20 years I was under 5/24, instantly approved for 2 business accounts (mainly to avoid the accounts adding to 5/24) even though the specifics of my business (# years, structure, SSN vs EIN, income) are not unlike the specifics described (on the Applying for Chase BUSINESS Cards thread) by those who have been declined. Had to call recon for the 3rd application, a personal card. Offered to reallocate some of my 6 digit Sapphire credit limit (about half my stated income, a limit I never come close to, highest balance $6,000), I was approved after a 1 minute hold with a relatively high credit limit and no reallocation necessary. 5 weeks later I was approved for another Chase personal card after a recon phone call and reallocation of credit.

I’m not certain I would have been approved for the Sapphire Reserve account 4 years ago and all 4 new accounts recently if I wasn’t CPC. It’s probably still no longer a way around 5/24, I personally haven’t tested that for 2 years, but I think it may help in unknown ways. It’s painless for me. In the JPM account part of my CPC account, I’ve kept some mutual fund positions I’ve owned for 20 years and have no intention of selling anytime soon (the capital gains taxes would be very annoying ).

Before or after mid-April?

I have mentioned this in other banking promo threads before, but I am surprised Chase doesn't leverage its popular CC products to gain banking and/or brokerage relationships. Can you imagine if Chase were to offer additional 25% bonus UR points if you are CPC?

LAX

I actually called my CPC banker and specifically asked about any "deals" that Chase may have regarding credit cards. I was specifically looking at the CSR card to see if being a CPC member would get me a reduction in the yearly fee (similar to Morgan Stanley rebating the Amex Plat fee for appropriate clients).

The answer was a resounding "no".

While I think that the CSR card is more functional than the Amex Plat card, it is not $550 more functional (and that is the difference between the free Plat card and the yearly fee based CSR card).

It looks like you don't need $250k to be a private client anymore. There is a $35 monthly fee if you don't maintain $150k.

You don�t even need $150k if you maintain a Business Platinum account which is fee waived at $50k (rather than $100k) with linked CPC checking. Then open a business brokerage and get a return on the $50k.

Well after mid-April. Without being TOO specific, “a couple of months ago” is probably more accurate than “a few months ago”. (Normally I wouldn’t answer such a question, but mia is so helpful and non-snarky here that he or she deserves a reply.)

Time to call a different CPC banker.

FWIW, last year I wanted to take advantage of a Chase banking offer (60K UR for $75 deposit for 6 months) advertised as being only for NEW Chase Sapphire accounts. I discussed it with �my� (recurrent) new CPC banker, I suggested I could close my CPC and open a Sapphire banking account, he was (no disrespect intended) useless. In suburban NYC there are many Chase branches, called a couple of others near me, found a CPC banker who seemed eager for new clients and willing to do a little extra effort. He got me approved for the offer, I transferred $75K to my existing Chase account for exactly 3.5 months, until a few days after the 60K UR posted.

I believe, in that unknown way, this was Chase�s version of a �deal� or �leverage� for my CPC status, I�m not certain I would have received it had I not been CPC.

It�s likely that Chase treats different customers differently. It makes sense, in our American style of capitalism, for any business to treat more valued customers better. The airlines are obvious about it, Plats are treated better that Golds who are treated better that Silvers who are treated better than-no status�s. It�s completely expected that Chase would treat a $2,000,000 CPC customer better than a $200,000 CPC customer. Unfortunately, Chase apparently choses to do that in ways that are not obvious, certainly not as obvious as the ways of the airlines.

I can't exactly tell you why due to a non-disclosure clause. But all 4 are bad. Really.

Because Chase's credit card portfolio is attractive enough not to offer anything, unlike BofA.

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IMO, CPC does not really anything more. Before, it was a backdoor to get over Chase 24/7. That is over. Bankers just do not have much power over credit card. Some can get to premium business banker, but that is subject to the business banker to work the magic.

At least BofA has the Preferred Reward program. Its cash reward can earn up to 5.25% cash. Even its low Travel Reward can earn flat 2.63% cash. That is as good as Chase Freedom Unlimited.

Even Citi has the Premier + DC combo. It is as solid as Chase credit cards. And you do not need to maintain any relationship with Citi....

I realize Chase's CCs are attractive on their own. Perhaps Chase doesn't care about attracting more banking/brokerage customers, I was referring to leveraging that attractive portfolio to gain more banking/brokerage customers, not the other way around.

LAX

Now I understand. But Chase would be anti-intuitive if Chase do this. Specifically, what exactly Chase (as well as others) wants is to manage your money. That 1% is guaranteed income for Chase. If you gain on the market, Chase earns more and you are happy (because the gain pays for the fee). If you lose, you still have to pay that fee. Also - Chase can also earn a commission as well.

Why would Chase help you to recover from credit reward?