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DJ
DJ (@guest_551312)
January 16, 2018 21:28

anyone who got in on this received the 50k points?

EastsideBK
EastsideBK (@guest_556629)
February 1, 2018 15:33
  DJ

Hi DJ,

Yes, it appears I received the bonus. After satisfying the terms ($100,000 of new money in my Chase checking account for 90 days) I received the bonus a few days afterwards. It is not easy to find….if you log into the Chase Ultimate Rewards account and go to your CSR section you should see them under the “Earning on the Next Statement” section. In other words, these points are pending until the next statement posts. But I’ve already been assured I can spend the $100,000 and not have the points clawed back (since I satisfied the 90 day terms already). I hope this helps.

DJ
DJ (@guest_562145)
February 20, 2018 15:05

Thanks @EastsideBK for your reply. I have contacted my personal banker to check on mine as I don’t see it even in the “Earning on next statement” section after a month of meeting requirements.

My banker suggested that I should keep most of the 100k in the CPC savings account rather than in the checking account, as the promotion requires you to have a 100k in CPC accounts. I said that the offer only says checking account, but she insisted keeping the money in either checking or savings should work, because, she claimed that they updated the offer to include savings accounts too. I guess your banker said the same…

I am just suspecting this checking+savings might be an issue – will report back based on my banker’s response!

Justin
Justin (@guest_563531)
February 23, 2018 20:09
  DJ

I had the same concern when my banker suggested that I keep the money in the savings as well; however, I checked my UR account and the 50,000 points are listed under “Earning on next statement.”

10/30/17: $100,000 Deposit
01/27/18: 90th day

Pam
Pam (@guest_511319)
November 8, 2017 13:32

We have a Chase Sapphire Reserve card but no money in Chase. We got the offer: 50k points if we’d move 100,000 into a new Chase checking account. Apparently, the banker who called us received a list of people in the area who have the card but don’t bank with Chase. That says to me that if you do not have an account with Chase you certainly could ring them up and ask for the offer. We have an appointment to make the move!

EastSideBK
EastSideBK (@guest_508684)
November 4, 2017 12:09

Hi Chuck,

I thought your readers might find this helpful:

I spoke to my banker on Friday and it turned out that I could participate in this offer and leave my $100,000 deposit in an upgraded SAVINGS account. I agree with your initial post that the “standard” targeted offer requires you to leave the money in the checking account for 90 days, but he found another offer where the language reads different.

So, while the interest rate on their savings account is only .008 that is still 8x better than the .001 for a checking account!

And, yes, you are taxed on the UR bonus but you are also taxed on the 1.25% you are getting on the high-yield savings account (Ally, etc.) so that rebuttal by your commenters is a bit of a wash I think. (Though I’m not a tax expert)

Finally, while I realize I’m still “paying” around $300 for the UR points, there are a couple other benefits that come along with this upgraded account including no fees (very helpful when I had to issue a “stop payment” on my Discover Bank deposit…those bastards!), free checks (worth at least $20 even when ordering from the discount check printers like Checks In the Mail), and my favorite, my own safe deposit box! (Yes, only worth $50 but it makes me feel special!)

Ian
Ian (@guest_502483)
October 27, 2017 21:15

Just got a call today from a local branch banker offering 50k points for depositing $50k for 90 days. I asked if she could email me the details of the offer, and was told no as it is targeted ans I’dhave to come to tye branchor for specifics. I have chase checking and the CSR. I scheduled a follow-up meeting for this coming week to discuss details.

Oleg
Oleg (@guest_497626)
October 20, 2017 17:13

I spoke to a Chase Private Client banker and chose not to take the deal. He told me that 50 K points would be 1099ed to me at $625. Combining with the loss on interest on keeping $100 K with Chase earning bubkes, taking this deal for me would be like buying UR point at 1 cent / point or worse

AH
AH (@guest_489100)
October 6, 2017 13:55

I just got a call from my CPC banker(I upgraded to CPC few month ago with soft 100k requirement), she told me I was eligible for this offer as well. Looks like it is not only limited to non CPC customers. Parking another 100k is a bit tough but I value UR points a lot (mostly for award air travel) so I am still on the fence whether to do it or not.

E
E (@guest_487082)
October 3, 2017 23:55

How strict do you think they’re on “new” money? Have some currently in checking already, wondering if I could just move it out and back in, maybe via different incoming back on the return.

William Charles
Admin
October 4, 2017 00:44
  E

Doubt that would work but who knows

BW
BW (@guest_487294)
October 4, 2017 09:54
  E

Depends on the banker, I’ve opened a savings account with them several times for the bonus, requiring *new money* $15k deposit. Two times the banker just moved money from my checking to savings and I got the bonus. The third time a different banker told me it wouldn’t qualify.

craig
craig (@guest_487000)
October 3, 2017 21:11

just walked in don’t have any funds at chase to see if i qualified for the offer, and my banker said i do when looking up my from my reserve card, i also showed her the mail coupon for 300 and 200 and she said i should be able to do both at the same time so thinking of pulling the trigger if i can do both at the same time.

Greg
Greg (@guest_486937)
October 3, 2017 19:02

I got the offer and I don’t have any checking accounts with Chase.

AM
AM (@guest_489528)
October 7, 2017 13:32

Can you please give me the code if you are not using it?

John
John (@guest_486579)
October 3, 2017 10:31

Got the email today, in addition to bringing the 100k, it also makes clear “Chase Private Client is available to individuals who maintain an average daily balance of $250,000 in qualifying Chase deposits and J.P. Morgan investments.**”

So not sure if the $100k alone is enough or if you need the $250k to get the PC status first.

Ted
Ted (@guest_486703)
October 3, 2017 13:17

Anyone want to send me their upgrade code? I didn’t receive an offer 😐

William Charles
Admin
October 3, 2017 19:05

I think 100k is enough to get it initially.