Move My Money To Chase?

A place to discuss anything... except credit cards!
kcarter609
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Location: VA

Postby kcarter609 » Mon Jan 28, 2013 7:46 pm

Fartanywherecard wrote:Hey, if you move enough money, you can apply for a Palladium card :)


You need over $1 million with them to get it. I wish I had that much.

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)


Bksuper
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Location: California

Postby Bksuper » Tue Jan 29, 2013 12:40 am

Fartanywherecard wrote:Hey, if you move enough money, you can apply for a Palladium card :)

Thats $30 million though, right?
Sole Ownership Cards:
1st Financial Bank Platinum Student Visa, $500 CL, Open Since 3/2012
Citi Forward Student Visa, $6k CL, Open Since 10/2012
Costco TrueEarnings Amex, $6k CL, Backdates to 1/2012
SallieMae Rewards Barclay Mastercard, $2.5k CL, Open Since 4/2013
Jointly Owned Cards (co-owner with mom, not AU, used and paid only by me):
Chase Amazon Rewards Visa Signature, $2k CL, Open Since 8/2012
US Bank Cash+ Visa Signature, $13.5k CL, Open Since 10/2012
Authorized User (Parents Pay/Use)
Costco TrueEarnings Amex $29.4k CL, AU since 11/2012

Fartanywherecard
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Location: NYC

Postby Fartanywherecard » Tue Jan 29, 2013 7:06 am

Bksuper wrote:Thats $30 million though, right?


I've been researching this the last two days. It seems you must be at least a Chase Private Client, which requires $250k-5m. After $5m, you become a private banking client.

this is a relatively recent post I found on myFico...

Someone on myFico wrote:

Chase Private Client (CPC) = $250k-$5mm

J.P. Morgan PB HNW = $5mm-$25mm
J.P. Morgan PB UHNW = $25mm+


Officially, you need a CPC, JPM PB, or JPMS relationship to apply for a Palladium card, but it's not 100% necessary. Private bankers have the discretion to green light your app even if you aren't technically a client. In general, they will only green light people who are prospective clients (or friends). Keep in mind, the private banker does not make the ultimate credit decision, that goes to the Card Services department. Bottom line: if you don't have or want a CPC/PB/JPMS relationship, it's still possible to sweet talk a banker into "endorsing" your Palladium app. From there, if your credit is good enough, you'll get approved.


As far as the benefits of all these different programs, CPC is geared toward the "mass affluent," and is equivalent to WF Private Banking and Citibank's Citigold program. It's basically for the upper middle class and they get upgraded retail banking benefits (waived ATM fees, unlimited incoming wires, free customizable checks, etc.) and a relationship manager to help them with "basic" investments like stocks, ETFs, mutual funds, bonds, etc. If someone in CPC accumulates over $5mm, they are supposed to be bumped up to the PB or JPMS.



So take that for what it's worth. I emailed the VP of my branch where we got our business loan and manage our business account and asked if that could be used as a consideration for applying for a Palladium card. I'll see what she says today.

kcarter609
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Location: VA

Postby kcarter609 » Tue Jan 29, 2013 7:53 am

Fartanywherecard wrote:I've been researching this the last two days. It seems you must be at least a Chase Private Client, which requires $250k-5m. After $5m, you become a private banking client.

this is a relatively recent post I found on myFico...




So take that for what it's worth. I emailed the VP of my branch where we got our business loan and manage our business account and asked if that could be used as a consideration for applying for a Palladium card. I'll see what she says today.


Nice. Keep in mind that if you have your investments with Chase, you're probably not very smart. The fees they charge are insane compared to someone like Vanguard. All banks are that way.

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

FutureBillionaire
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Location: Down South

Postby FutureBillionaire » Tue Feb 12, 2013 4:52 pm

My girlfriend has Ally for checking and savings. She loves it. I keep my savings with Discoverbank for now. I am thinking I will get a checking with Chase so I can get the 10% bonus now that I have the CSP and the Freedom.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

kcarter609
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Posts: 423
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Location: VA

Postby kcarter609 » Tue Feb 12, 2013 8:46 pm

FutureBillionaire wrote:My girlfriend has Ally for checking and savings. She loves it. I keep my savings with Discoverbank for now. I am thinking I will get a checking with Chase so I can get the 10% bonus now that I have the CSP and the Freedom.


I'm grandfathered with the 10+10, which is really helpful. It adds up fast. Also, I moved about half of my money to Chase to see how I like it.

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

RewardHop
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Location: USA

Postby RewardHop » Tue Feb 12, 2013 11:00 pm

kcarter609 wrote:I'm grandfathered with the 10+10, which is really helpful. It adds up fast. Also, I moved about half of my money to Chase to see how I like it.


You only need to park $1500 in a basic Chase Checking account to get 10+10. The return on that $1500 from the 10+10 for me at least is much higher than the interest I would have gotten even from a 1% APY savings account.
[size=60]
Amex BCE: 3% grocery, 2% gas
Bank of America Better Balance Rewards MC: $25/quarter bonus
Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities
Capital One Quicksilver Visa Signature: 1.5% everything
Chase Freedom Visa Signature: 5% rotating
Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com
Discover It: 5% rotating
SallieMae MC: 5% Groceries, Gas, Amazon
US Bank Cash+ Visa Signature: 5% electronic stores, restaurants
Sock Drawered: Chase Sapphire, Chase Amazon[/size]

kcarter609
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Posts: 423
Joined: Thu Aug 09, 2012 7:54 am
Location: VA

Postby kcarter609 » Tue Feb 12, 2013 11:20 pm

RewardHop wrote:You only need to park $1500 in a basic Chase Checking account to get 10+10. The return on that $1500 from the 10+10 for me at least is much higher than the interest I would have gotten even from a 1% APY savings account.


Yeah I know. I moved a lot more because of what they offered me, and I like their service overall. The 10+10 is worth a ton to me.

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

FutureBillionaire
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Posts: 1589
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Location: Down South

Postby FutureBillionaire » Wed Feb 13, 2013 11:21 am

They don't seem to be in my state. Can I sign up with them online?
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

RewardHop
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Posts: 307
Joined: Wed Jan 02, 2013 3:43 pm
Location: USA

Postby RewardHop » Wed Feb 13, 2013 11:34 am

FutureBillionaire wrote:They don't seem to be in my state. Can I sign up with them online?


You can sign up for Chase online (I did) but I don't know if the fact there arent any Chase branches/ATMs in your state will affect that.
[size=60]

Amex BCE: 3% grocery, 2% gas

Bank of America Better Balance Rewards MC: $25/quarter bonus

Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities

Capital One Quicksilver Visa Signature: 1.5% everything

Chase Freedom Visa Signature: 5% rotating

Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com

Discover It: 5% rotating

SallieMae MC: 5% Groceries, Gas, Amazon

US Bank Cash+ Visa Signature: 5% electronic stores, restaurants

Sock Drawered: Chase Sapphire, Chase Amazon[/size]



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