A number of readers have reported receiving an “Invitation To Experience Chase Private Client” e-mail, the body of the e-mail is as follows:
As a valued Chase customer, we are pleased to invite you to upgrade to Chase Private Client, where you will experience premium banking privileges, priority service, and special relationship benefits.
What’s interesting is that readers that have reported receiving this invitation do not have a lot of funds with Chase. Normally you need $250,000 in deposits with Chase to be eligible. I assumed that people that received this e-mail were basically pre-approved for Chase Private Client status and this deposit requirement wasn’t being enforced.
Unfortunately that doesn’t look to the case and the e-mail seems to be a bit deceiving. Reader JM reported going into a branch and being told that the e-mail was sent out to those that Chase believed had the ability to transfer $250,000 in deposits to Chase. The $250,000 deposit requirement isn’t mandatory and can be waived at the discretion of the private banker, but that is always the case.
This e-mail is/was basically meaningless and you have no more/less chance of actually getting CPC status having received it. Feel free to share your experiences in the comments if they differe/are the same. For those interested in the benefits of CPC status, read this post. The biggest benefit is most likely using it to get approved for credit cards.
