Palladium Card??

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
MrMosby
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Postby MrMosby » Sat Apr 05, 2014 8:12 pm

Didn't they discontinue the signup for the select?
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linuxmachine
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Postby linuxmachine » Sat Apr 05, 2014 8:29 pm

MrMosby wrote:eh, the site review isn't accurate. The requirement is to have a Chase Private Client or JPMorgan Private bank relationship.

Chase Private client requirements are a minimum of $100K investable assets with Chase with a guarantee to raise them to $250K or more within the first year, and maintaining $250K or more of assets over time.

JPMorgan Private Bank requires a minimum of $1MM investable assets.

Both will get you the card, pretty easy requirements when you think about it.

Also the car alloy is really very little palladium in it.... honestly do you think they'd give you a card worth $1K for a $500 annual fee? What pays for the perks at that point, it would be a money loser. Granted at $250K investible assets they'd still be making money off of you, I have never once seen JPM Chase have a product line that lost them money.


The details on this card are so mysterious. Nobody wants to share info on their personal assets online, but they are willing to share that they own the card itself haha... I am also thinking maybe the card is all a facade with decent benefits, but probably not that much better than Amex plat. Although, it's nice to know that you get 35k bonus points for 100k spent, and you can redeem travel expenses at 1.5cents/point. I guess at least it earns points faster than Amex charge cards.

MrMosby
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Postby MrMosby » Sat Apr 05, 2014 8:33 pm

linuxmachine wrote:The details on this card are so mysterious. Nobody wants to share info on their personal assets online, but they are willing to share that they own the card itself haha... I am also thinking maybe the card is all a facade with decent benefits, but probably not that much better than Amex plat. Although, it's nice to know that you get 35k bonus points for 100k spent, and you can redeem travel expenses at 1.5cents/point. I guess at least it earns points faster than Amex charge cards.


So I am eligible for Chase Private Client, and sat down and got the sales pitch. The card benefits are very similar to Amex Platinum with better point earning - you are correct. I didn't opt to sign up for CPC because the fees would impact my return over time significantly. The other thing Chase has going for it is better customer service.
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FastSRT8
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Postby FastSRT8 » Sat Apr 05, 2014 9:17 pm

I'm a loyal Amex client and will stick with them until my last breath here on this plant. As such... having both will be kind of 'useless' as the Palladium card will not see the light of day much..... my Visa card hardly sees the light as it is.

nismoZtuner wrote:I`ll take both!

-I cant find the fee for the Palladium...

Picture your self debating whether which card will be used today..
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whit
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Postby whit » Sat Apr 05, 2014 9:35 pm

MrMosby wrote:I have never once seen JPM Chase have a product line that lost them money.


that's the goal

unfortunately you don't win every bet but you do your best to minimize the loss while gaining $$ steadily. that seems to be what every FA's speech breaks down to at the very core

as a shareholder I'm glad

as a customer it doesn't apply to me because I don't have anything invested with them

if you have 250k liquid because your assets are truly that great (in the double MM figures and therefore you should have more then that liquid) it would make sense to do chase private client for nothing else then the deposit benefits

that's if you need to do wires

that's if you find a capable banker whom you can communicate seamlessly with

but if your banking needs aren't complex and you enjoy managing your own money and think you do or you do do a capable job of it

then you're better off having your accounts with one of those non-b&m places that give you perks like no fee for ATM withdraws from any bank, or a good CU that does that


CPC is for people who don't want to focus on investments themselves, want a strong team to look after their assets that they can trust, from a company that is reputable like JP Morgan chase. afterall, if the 1-2% of world richest trust JP Morgan with their assets why not you.

but yes, they will gauge you (fair amount I guess for their overhead) on fees

I know someone who would not move over to CPC with his assets based on the principle of fees, but he also developed an algorithm or program that he uses to help monitor and pick picks. even when he had one doing bad, which is rare for him, since I've known him, he still wouldn't move it over..he kept that one particular bond of 200somethingk to himself rather then letting Chase have a penny.

sad but he enjoys it, the picking of etf

I know some others who joined because they can't be bothered with it.
some join for the mortgage perks and stuck around for the business ones, like free wires for business platinum, which is fee free if you keep 50k versus 100k if you're cpc. or, some who join just because they make quite a few wire transfers a year and their balances would not dip below 250k so why not, instead of getting nickeled and dimed for every wire incoming/outgoing fees

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nismoZtuner
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Postby nismoZtuner » Mon Apr 07, 2014 1:12 pm

thom02099 wrote:I'm perfectly happy with my "poor man's version" of the Palladium...the J P Morgan Select Signature Visa. Does a lot of what Big Brother does, but at a fraction of the cost.


:( not accepting anymore applicants!

feels almost like the zync...
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nismoZtuner
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Postby nismoZtuner » Mon Apr 07, 2014 1:15 pm

FastSRT8 wrote:I'm a loyal Amex client and will stick with them until my last breath here on this plant. As such... having both will be kind of 'useless' as the Palladium card will not see the light of day much..... my Visa card hardly sees the light as it is.


the PRG was my dream card as a child- but not that child dream has been accomplished :/

time for a new one the "Centurion" :cool:
TU 752 (+4) - [5/9/2014] CK 726 - [11/24/14] EX 725 - [11/20/14] EQ 710

BankofAmerica Cash Rewards [2k] I American Express Blue Cash Everyday [3K] l Discover IT[2.5]

American Express Premier Rewards Gold [NPSL] I Marriott Rewards Premier [5k]

Chase Sapphire Preferred[7.3]

Inquires: TU(?) EX(?) EQ(?)

TCL-$19,800

Age-22

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FastSRT8
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Postby FastSRT8 » Mon Apr 07, 2014 10:25 pm

The Cent is a card I never grow tired of.

Everytime I whip that baby out I smile (in the inside of course).

It serves as a constant reminder of how hard work, dedication and belief in oneself pays off.

I am thankful.

nismoZtuner wrote:the PRG was my dream card as a child- but not that child dream has been accomplished :/

time for a new one the "Centurion" :cool:
Carpe diem quam minimum credula postero!

cashinout
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Postby cashinout » Tue Apr 08, 2014 1:57 am

FastSRT8 wrote:The Cent is a card I never grow tired of.

Everytime I whip that baby out I smile (in the inside of course).

It serves as a constant reminder of how hard work, dedication and belief in oneself pays off.

I am thankful.


what do you need to get the centurion I currently have the platinum is it like the CPC where you have to have liquid avail 250k and what nots?
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FastSRT8
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Postby FastSRT8 » Tue Apr 08, 2014 3:09 am

cashinout wrote:what do you need to get the centurion I currently have the platinum is it like the CPC where you have to have liquid avail 250k and what nots?


This literally is the million dollar question to which no one including myself a cardholder really knows. All we know is it is by invitation only. Much have been said about what the qualifications are... some have even gone as far as repetitive high monthly spends with no luck.

That's why the Cent drives people crazy, especially those that want it.
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