No. It means you CARRY $15k combined balance of all "loans" including the outstanding, unpaid balance of your CCs.

I am sure you dont plan to carry an outstanding, unpaid balance on your CC in order to avoid the $6 monthly fee.

Didn't your personal account is upgraded to Premium when you opened your business account?

According to my banker, it is having a Line of Credit - not a balance due.

The banker gave you incorrect information. Any of the accounts that include a balance qualifier from loans/CCs, require it to be an OUTSTANDING BALANCE to consider it. So, if you have a $100K Home Equity LOC that has a $0 balance, it WILL NOT count to waive the fee on the checking account as a balance qualifier. Now, if you have a $100K Home Equity LOC that has a $50K balance, then that $50K WILL count to the checking balance qualifier. Hope that helps.

SuperG03

According to my banker a couple weeks ago before this new conditions, she said the line of credit refers to the Outstanding Balances - all DEBTS meaning Mortgages, Home Equity Line, Personal Loan and outstanding balance on Credit Cards.

I seriously doubt a 15K credit line on credit card would qualify... Many folks have several times of such amount on their credit lines even in this environment, yours truly included.

Exactly. That is similar to what my banker verified to me when I asked if this meant outstanding balances, meaning amount "owed" - She said Yup. She then went ahead to upgrade our personal checking accounts to the Premium and said we no longer needed to do the 5 debit card trannies on personal side, only on the business side.

I don't know about your current accounts, but I had no account with Chase. I opened personal and business at the same time and qualified for both bonuses.

Any success here got the bonus with an existing personal checking??

I tried messaging Chase about a fee waiver, using similar language to that suggested in other posts here. Here is the repsonse:

"Thank you for taking time out of your busy schedule to
contact us.

In regards to your inquiry, we show your currently have
the Continental Airlines Business Debit Card with 21.00
Miles. In order to reverse the annual fee of $65 the debit
card would need to be closed and all miles will be lost
upon closure. Then, we can mail a standard Chase business
debit card. If you would like us to process this request,
please respond to this e-mail.

We thank you for the opportunity to serve you and
apologize for any inconvenience. Please be assured that we
value you as a customer and wish for your experience with
Chase to be one of satisfaction and ease."

Presumably this would be a bad idea? I'm imagining I would lose rather more than 21 miles...

They just notified me that my account will be closed :mad: and won't give me a reason (presumably coins). Only opened the account ~2-3 months ago, but I imagine they can't remove miles when they close the account without a given reason...right?

If they choose to, they can. I believe the account has to be opened for 90 days or 6 months (don't have the terms in front of me right now) to be eligible for the miles. Good luck. :(

I really don't understand why many people don't take the numerous warnings about Chase seriously in the coin thread. Once Chase decides to close your checking account, somewhat likely they will close all other accounts you may have including the credit cards. Nobody I have come across has been able to re-open any bank account or credit card with Chase once they have decided to not do business with a particular party. That means all the lucrative sign-up bonus from Chase (IHG, CO, UA, BA, Hyatt, Marriott, to name a few) will be out of the game. I play my game with Chase very very seriously and conservatively, and Chase is the only bank that does not get any of my coins because I don't want to bring them unnecessary attention.

Hmm, I have a biz account with them too that's still opened so I guess I'll have to tread more lightly going forward (actually not at all on the biz account and never have for that matter)...didn't realize this was the case with Chase. Thanks for the heads up!

Do you mean you ordered coins from that account or deposited coins to that account?

Once you are on the bad side of Chase, you will be shut out for future opportunities.

Business account allows coin deposit, but it also can charge a fee for such deposit, btw.

Is your account currently has $21 transaction total? How long your account is opened?

Deposited coins to a personal checking account. I honestly wouldn't even mind negotiating a fee for the personal account, but the closing without reason from them is what really bugs me.

How big was the avg size of your deposits? Were you only using it for cycling the coins, i.e. immediately clean it out after the deposits cleared? That might be the downfall.

It's been open for 2 months. I can well believe that it has only a $21 transaction total - I just did 5 small transactions. It does have over $10k sat in it, though.