Just Opened Up A Chase Checking Acct

A place to discuss anything... except credit cards!
27 posts
Dylan1982
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Location: Chicago

Postby Dylan1982 » Wed Feb 12, 2014 7:30 pm

Those of you with the Chase checking acct:

Is there a way to remove my old banking info when I want to pay my Freedom Card from my Chase checking acct? There is no need to have my old banking info in there. And to be honest, it bothers me looking at it... LOL
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)


whit
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Location: ca

Postby whit » Wed Feb 12, 2014 7:31 pm

if you look hard enough there's always a credit union or community bank in your area that offers near if not 2% or more on checking

the one in SF needs you to do 10 debit transactions a cycle, have direct deposit, and bill pay two at least

too much for something that caps me at 25k

not to mention any interest I earn has to be on 1099

and also I don't like their platform and don't feel as much stability as I do with the current institution I have it in (Charles Schwab)

you need to look at all the pros and cons

personally unless it's earning significantly higher then the average inflation rate I really don't care about the few extra dollars

rather earn that in cashback and that's not taxed..yet

whit
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Location: ca

Postby whit » Wed Feb 12, 2014 7:32 pm

Dylan1982 wrote:Those of you with the Chase checking acct:

Is there a way to remove my old banking info when I want to pay my Freedom Card from my Chase checking acct? There is no need to have my old banking info in there. And to be honest, it bothers me looking at it... LOL


call online banking, or next time you're in branch have a banker call for you

samhradh
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Location: United States

Postby samhradh » Wed Feb 12, 2014 11:31 pm

whit wrote: I really don't care about the few extra dollars

rather earn that in cashback and that's not taxed..yet


I had the exact same thought yesterday as I filed my taxes. Ally was so kind to report my earned interest :| Thankfully my federal rebate is projected to be above $1K this year so I'm not complaining. Mercy on us if the gov't ever tries to get taxes from our rewards.
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).

Dylan1982
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Joined: Tue Mar 06, 2012 12:15 am
Location: Chicago

Postby Dylan1982 » Fri Feb 21, 2014 10:44 am

I LOVE my Chase checking acct.... That is all LOL
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)

JoDa
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Location: United States

Postby JoDa » Sat Feb 22, 2014 12:28 am

Actually, some rewards are taxable. If the reward is based on spending, even bonus rewards that require $X in X months, they're non-taxable. If there's no spending requirement, they're treated the same as interest. Don't be surprised to get a 1099 that includes bonus deposit cash rewards simply for keeping a certain balance or keeping an account open for a set number of months.
CSP $19K
BOA $4K
UMP $11.5K
Target Visa $1.5K

whit
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Postby whit » Sat Feb 22, 2014 12:19 pm

Dylan1982 wrote:I LOVE my Chase checking acct.... That is all LOL


they probably love you more

yeah the bonus is taxable but it's based on deposit account and any deposit account that earns interest the interest is taxable.. better then CDs and savings if you play the game (close after six months, wait a few months for the coupon and reopen)

some people play it like they play Ms



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