Well yeah. With that velocity anyone else would probably have their accounts closed, or at least audited.

Of course yeah. And of course now I can’t apply any ONE Chase card for 7 months and then not for another 15 months after that. (Unfortunately CPC is no longer an end run around 5/24 and I’m not going to test that … again. :() Sure hope we don’t have another pandemic to help me get through those withdrawal symptoms.

I'd be interested in learning how I can do better with my CPC account. We have > $5m with them, with almost all of that under management. > $5m in accounts with Chase = < .65% management fee, so for us we're happy using an FA (he's technically independent, but still associated with Chase) since the fees are reasonable and truthfully he's managing our money way better that we would, especially from a tax perspective. He's also objective about our cash management, and we have > $1m at Live Oak since Chase accounts pay nothing.

Other than the pretty low cost fee for active management, we're currently refinancing a mortgage at a discounted rate of 2.25% for a 30yr.

So, I'm getting a.) good active management at a relatively low fee and b.) a cheap mortgage refi.

Is there anything else I could/should be asking for from my banker given my account level? We don't use any Chase credit cards aside from the Amazon one for purchases there. Regular cards in our wallet are Amex Plat, Fidelity (2% cash), Citi/Costco.

To me, the chance of your money moving somewhere else is practically none, given you have someone that you trust. But still 0.65% may seem kind of high if you compare what has been offering elsewhere. I will not ask for a price match, but may be 0.50%.

My Sapphire Reserve is my favorite card in the stable. I have the CFU and Freedom also to maximize the whole package. Also have the Amex Platinum but to be honest I get way more value for my points usage from UR over MR.

Does anyone know what investment accounts qualify toward the $150k balance requirement?

Is it just one of those Chase YouInvest brokerage accounts? Seems fairly straightforward to just park $150k in some index fund (e.g. VTI or similar) and then get CPC for free, no? What am I missing?

I believe everything available to the public counts.

You can do whatever you want. In fact - you don't even have to park your money to investment.

Yes, the You Invest accounts will count for the minimum balance requirement. I asked.

I can't imagine I'd want to keep $150k in a checking/savings account, but good to know, thanks!

Great, thanks! Sounds like this is the way to go then.

I thought the fine prints say You Invest is excluded. I looked into it when Chase was offering a cash bonus (may still be available). I might be interested if You Invest counts towards the minimum balance.

LAX

You Invest 100% counts towards the CPC balance requirements. It just doesn't count towards the bonus offers to upgrade to CPC. For example, there are occasionally offers to receive $2000 to upgrade to CPC, but that money cannot be in You Invest.

Any other Private Clients receive a book gift ("The Nature of Nature") from their private banker? Received it today.

This is probably what I saw! I guess this means one needs to park $200K in an essentially non-interest bearing CPC checking account until the cash bonus is deposited. After that, the funds can then be transferred to You Invest to maintain CPC status. This is not as bad as I initially thought. I was really turned off by the You Invest exclusion previously. If that is only short-term, then I have to look at CPC again. Thanks.

LAX

Not sure that is the best option but I guess the $2k bonus would be about the equivalent of 2% interest over the 6 month period.

Apparently you can have a self directed brokerage account under JPM that counts towards the bonus. This is different than You Invest. While Chase would ultimately like to manage it for you and charge you the AUM fee, there is a way to do self directed where you can trade on your own and still meet the requirements for the bonus.

Not sure if all the above is true.

For balance requirement of both Sapphire banking and CPC, assets in all discretionary Chase accounts count toward the balance requirement. This excludes all employer sponsored 401K or similar, pension or HSA. You Invest accounts should be included, even regular IRA accounts.

But to get the bonus for new account or upgrade, it has to be additional new money into Chase. And it has to be non-taxable money, not IRA rollover into Chase. I believe YouInvest accounts are included.

The traditional CPC is fee based. But now you can still get CPC with self-directed accounts. YouInvest accounts are clearly self-directed accounts.

If in deed CPC bonus has to be fee based, you can still wait for 3 months to get bonus and pay the fees for 3 months. Then move your money into YouInvest accounts and still keep CPC status. My banker stated clearly this can be done.