Posted by Chuck on August 23, 2016
Credit Cards

Published on August 23rd, 2016 | by Chuck


Using Chase Private Client Status to Get Approved for Credit Cards

Update 1/4/17: Chase Private Client no longer works to bypass 5/24.

Chase Private Client

We all want to get approved for Chase’s credit cards, yet most cards fall under the notorious 5/24 rule, and we can’t get them through conventional means.

The primary method people are using to bypass 5/24 is getting pre-approvals in a Chase branch or possibly getting an invite-only offer from Chase.

But for a lucky few, there’s another way: Chase Private Client status.

Chase Private Client (CPC) is typically reserved for those with $250,000 or more in accounts with Chase, although some may get that status with less or by piggybacking on family member’s status.

ReadEverything You Need To Know About Chase Private Client (Qualification, Benefits & Sharing Status)

There are three separate points at which Private Client can potentially help you for credit card approvals.

Instant Approval

Limited data points suggest that CPC status might help with instant approvals, even using the standard online application system.

Greg from Frequentmiler mentioned to me that he’s aware of some limited data points to this effect, and I know of at least one other similar report from a friend. It seems that CPC is tied to your name/SSN, and the system can sometimes auto-approve you even past 5/24.

Application Review

According to a CPC banker, applications submitted by Private Clients show up differently on the back-end in the Chase system. All the CPC’s balances and other relationship information is there.

Pending applications which are manually reviewed will automatically get special treatment by the reviewers. They’ll work harder to get it approved.

You can even try calling reconsideration without involving your CPC banker, and you’ll get special consideration due to CPC status.

Your CPC Banker

While I list this last in the chronological order of an application, this is perhaps the most important tool in getting CPC approvals.

If your application isn’t instantly approved, ask your banker to push for approval. It’s the same reconsideration line for Private Clients, but the banker lets them know about the CPC status and they use different measures for approval. By having your banker go to bat for you using this special line, chances are good that you can get approvals other people wouldn’t.

Things like 5/24 and similar hurdles which so often come up for ordinary applicants are often overlooked for Private Clients.

It’s always worth putting your banker’s employee code on the application (ask your banker what it is) so that they’ll be especially invested in trying to get the application approved.

CPC is not a foolproof way to get approved as evidenced by some recent comments from those who couldn’t get approved for the Sapphire Reserve card despite being CPC. Being that we’re dealing here with humans, results will always vary.  However, the overall feel of Private Client reconsideration is that they’ll try whatever they can to get you approved.

The 5/24 rule, in particular, seems to be mostly waived for Private Clients. I’d wager that a CPC wouldn’t ever get denied for 5/24 alone when utilizing this special reconsideration.

There’s also a second level of reconsideration which can be used when the initial result is denial. This level might not be exclusive for CPC’s, but they’re more likely to send it up there if you are CPC.

Better Bonuses

Aside from helping with approvals, CPC’s are known to get higher signup offers than ordinary folks. For example, Private Clients might be offered a 65k bonus on the Sapphire Preferred instead of 55k.

J.P. Morgan Reserve

Above CPC, there’s another status level with Chase called Private Banking client, typically for those who have $5M+ with Chase.

There is one credit card exclusive for Private Banking customers, the J.P. Morgan Reserve. Reports indicate that this card is run entirely separate from the standard credit card department, and typical ‘rules’ (5/24, etc.) probably won’t apply at all for this card.


In conclusion, let’s emphasize that not all CPC applications will get approved, and it’s not necessarily a good idea to move all your money to Chase just to get better odds at credit card approvals. Only you can decide that.

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2 things: Ever heard of anyone being considered for CPC with closer to $30-50k they wanted to store at Chase?

From an earlier thread: Any reason, in your opinion, not to open a chase personal bank account and business account on the same visit to get both bonuses? Too tacky? Business is somewhat legitimate.

Is CPC status instant? I saw a DP stating that the back-end might not have CPC status updated immediately (online will show CPC instantly). It gets refreshed once a month or something. Might be a good idea to wait until the beginning of the month to make use of the CPC status to get past 5/24


I literally went in today, opened CPC and applied for the Sapphire Reserve 5 minutes later. The recon analyst said, “your application is declined because of too many recently opened accounts, but because of your status (5 minutes old 🙂 ), we will be happy to reconsider.

Thanks for the DP!

From the data points I’ve seen for the CSR, it seems CPC does not help at all with 5/24. Only preapproval does.

CPC definitely helped me getting instantly approved for 21K credit line, 12/24, 761 FICO in-branch yesterday, 8/22/16. I asked the banker to check if have a pre-approval before applying and I did not have any pre-approval.

I was NOT Pre approved. CPC Did help as I was denied online but in the branch I was approved without any problems for $25k CL. I have 6 Chase cards and 16/24

Everyone has exactly 2 months from today before chase closes this loophole. Go!

Go, go, go !!!

Is the $250k requirement a true requirement? I inquired and they said that I need to have an intention to move $250k. I’m not clear on how this is enforced.

They will court you for a while, but eventually they will enforce the requirement.

There is no way 250k is a hard number. In the end, I believe it’s how much they make off the account. If you maintain a managed brokerage account with them, they will be collecting a 1+% fee on that money and it makes sense to keep you as a CPC customer even if you only have say $150k in the account. There might be some discretion left up to the private client banker too as they may be able to best determine if a particular client has potential to bring more money to the table down the road.

You don’t need a managed account or cash in bank. You can transfer and hold index funds or other stocks at no cost. Commission to trade does apply, but very small compared to benefits.

I don’t think it’s worth moving all your money to Chase just to get a credit card but that’s a personal choice. I just think it’s overkill.

I can provide a DP.

Currently on ~16 card in 24 months (3-4 AU), 8 personal card and 1 biz card from Chase. Applied in branch (not CPC banker, but regular banker), the banker says I dont have pre-approval, but I still applied. Banker called recon line but no luck.

I left the branch and then called again, indicating that I am a CPC, and would like to move some credit line, if credit limit is their concern. After few minutes, I got approved.

So CPC does help, even if you were denied once, you can still persuade on the phone.

just so i understand

you were already a CPC way before you submitted your CSR application, right?

you just happen not to apply for the CSR with a CPC banker, correct?

Not everything has to be discussed to death. DoC, thanks for your tireless work.

Well, here’s my story. No chance to get approved with 5/24 since I’m at something like 20/24. I decided to be proactive and move retirement money to Chase Private Client, but we’re short of 250k by, well, more than 100k 🙂 . Upside is that we’ve banked at Chase for awhile and I’m a great salesman.

Set up an appointment Monday and met with them today. Of course, he made me wait and felt very guilty. I painted the picture of catching up on retirement $, blah, blah, blah. He put in CPC, no questions asked! Now, the fun part. The app. Got the dreaded 7-10 days, banker’s assistant excused herself and we finished some paperwork. About 10 minutes later, she comes back in with a look of dread and says on the phone, can you please tell my customer that? Ok, game on! Live recon! So, the lady on the phone tells me the dreaded “your application is declined due to too many recently opened accounts, but due TO YOUR STATUS WITH US (all of 10 minutes old, btw), we’ll be happy to reconsider your application. Do you have a few minutes to discuss some items with me?”

So, she grills me on why I’ve opened so many accounts. I’m quasi honest and tell her that I’ve product changed or opened new accounts based on our travel and/or lifestyle needs but, more importantly, I’m a long time Chase customer and I have not closed and reopened an account with Chase solely for points and if anyone was to make an exception, it was for me. “May I place you on hold for 2-3 minutes?”, I got next. Uncomfortable silence.

She gets back on the line, “We’d like to recommend approval for you, but since you have quite a bit of credit with Chase now, this requires another signoff. Your Chase Private Client banker can follow up with us but you should have an answer within 7-10 days”.

So, either I’m getting a Sapphire Reserve and/or the door’s been cracked to move credit, in my opinion. Also, you CAN become a CPC without 250k in $$ today. Go forth and use this knowledge :)!

stuart, do you mean you move your 401K money into CPC?

i presume you are doing that with the 401K money you had previously accrued with an ex-employer, and not with current employer?

how do you move money from 401K (tied to existing employer) into another 401K funds anyway? can this even be done?

I am CPC and am also well over 5/24 and was instantly approved for a $35k credit limit online. Credit score is excellent but I have a feeling being CPC possibly helped.

Do they even offer anything useful for private clients, or is it just a concierge? I’m not opening any savings account that’s less than 1%, and I’m not getting status for that ~$1000 I keep in checking..

I mean, at Bank of America / ML you don’t need to store your $100k in 0.00% APY CDs to get Preferred Honors status, but you can buy cheap Vanguard / Schwab /etc. funds (for free with status, even).

I applied yesterday in branch and was denied for 12/24. I have $100K+ in Chase accounts and 5 total Chase cards, and a history of about 8 years. I didn’t get the preapproval, obviously. Out of desperation, today I went to a different bank and signed up for CPC (again, I don’t have $250K). The banker said he would call the next time he works (Thur) to try to get me approved. I was worried I would have to apply again. He said my chances were about 50/50 (“coin flip”). I’ll be really happy if he can do it.

J.P. Morgan Reserve


if there is one person with 5 mil reading this site they should be slapped on their head with 2×4

Right ?!?! LOL at people moving their RETIREMENT $ to get a CC ha ha !!!!! Fools, all ….

I’m at 8-9/24 and applied through a CPC banker. Didn’t know to ask for pre-approval and he didn’t mention any. He told me it’s 7-10 days pending. He basically just submitted the application and didn’t try to do anything or call anyone to recon.

The next day I tried calling recon, offering to shift some Chase card credit lines around if it would help. The rep asked me a couple questions to update my account, and said she will get the review process started. Put me on hold for a little bit, and told me everything is going really well, and I’ll know my decision in the mail (??). What does that even mean? If it’s going well then shouldn’t I be approved?

I’m a CPC and can confirm all of this. Had originally applied online for the Chase freedom unlimited (yes a no fee minimal bonus card), and they waitlisted me. 2 weeks went by and still no response. Went into the branch, talked to my banker who then called a number and got me approved within 5 minutes. Even next day air delivered my card.

Went in branch to apply for the CSR and was approved immediately, and got it next day air. I’m a good amount over 5/24.

How long have you been CPC?

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