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Get $1,250 When You Upgrade to Chase Private Client [Targeted]

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chase private client upgrade bonus

Get $1,250 When You Upgrade to Chase Private Client

Chase has a huge bonus offer of $1,250 that was sent by mail to some current customers. The offer is to upgrade your account to Chase Private Client. This account needs a balance of $250,000 or more, so this is not a deal for everyone. let’s look at the details and whether it makes sense.

The Offer

Save time and money with better banking benefits and special services, plus a $1,250 Welcome Bonus. Hereʼs how to get started:

  1. Meet with a Private Client Banker by September 28, 2019 to upgrade your account to Chase Private Client.
  2. Within 45 calendar days, transfer a total of $250,000 or more in new money to a combination of eligible checking, savings and/or investment accounts, and maintain the balance for at least 90 days.
  3. Receive $1250 within 10 business days.

The account has no fees, but you need to maintain the $250,000 balance. Otherwise, you will be downgraded to another Chase account.

Key Terms

  • Offer not available to existing Chase Private Client customers.
  • Ineligible accounts: any You Invest accounts, Certificates of Deposit, insurance products; fixed and variable annuities; 529 College Savings Plans; any retirement accounts such as Traditional and Roth IRAs, Keogh, Simple IRAs, and 401(k) Plans.
  • After you have completed all the above requirements, we will deposit the bonus in your existing Chase Private Client Checking account within 10 business days.
  • You can only participate in one Chase Private Client Checking, Sapphire Checking or You Invest new money bonus in a 12 month period.
  • Coupon is good for one time use.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
  • Account must be kept open for 6 months, otherwise bonus could be taken back.
  • This bonus will be considered as interest, so you have to pay taxes.


Not a great deal. You Invest accounts would have been a good option to meet the balance requirement, but are excluded in the terms. If you keep the $250K in the account for exactly 90 days, you get a 2% return. Not very exciting, as you can usually do a bit better with other high yield accounts that do not have such a large balance requirement. But could be worth it for someone who wants the Chase Private Client relationship.

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Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

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  1. Earlier this year Chase sent me a deal to upgrade to Sapphire Checking. I had to put in $75,000 for 90 days and they deposited $600. I did it. But what prevented me from keeping the Sapphire checking account was no option for a high yield money market interest bearing account.

    Several of my banks have the option to simply move the funds into a Money Market checking account where you can use the funds whenever you want and earn up to 2.1%. But Chase doesn’t have that option. They said I could move it to a UInvest account an invest it myself but I just wanted to move it into a money market account earning 2% like other banks and they couldn’t do it so I closed the account.


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