Palladium

[Dustink]

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@dilettante wrote:

@Dustink

Have you considered getting the Ritz Carlton Card? It has PCDW, 2X travel, dining, 5X Ritz/Marriott, $200 airline incidental reimbursement,unlimited Lounge Club access, no fee for AU's. No CPC required. AF is $395. And it's a heavy metal card, just as heavy as Palladium.

I have both Ritz and Palladium.

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Too many options!...haha

Thanks for the suggestion. Looks like it fits the bill perfectly.

[dilettante]

Also, FYI, there were some (possibly targeted) offers for Ist annual fee waived or 140,000 points mentioned on some blogs about a month ago. If you don't mind doing some internet research, it could be a great sign up bonus.

[Dustink]

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@dilettante wrote:

Also, FYI, there were some (possibly targeted) offers for Ist annual fee waived or 140,000 points mentioned on some blogs about a month ago. If you don't mind doing some internet research, it could be a great sign up bonus.

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Ohhh thanks. You went and got me out of the garden....

I have high utilization with Chase. Will update on the results of the app when I receive them.

[nenuco]

Good Luck, let us know how it went

[Dustink]

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@nenuco wrote:

Good Luck, let us know how it went

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Approved

http://ficoforums.myfico.com/t5/Credit-Cards/Ritz-Carlton-Approval/td-p/2454995

[pinipig523]

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@Awesomely wrote:

Is it possible to get the Palladium if you just have a regular checking account with around $300,000 cash? Does chase allow opening CPC accounts to just put money in there with no desire to invest? I want the card.

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Yeah, I keep mine in cold cash, nothing invested in my CPC.  No one gives me any problems that I'm not investing my cash.

[enharu]

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@pinipig523 wrote:

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@Awesomely wrote:

Is it possible to get the Palladium if you just have a regular checking account with around $300,000 cash? Does chase allow opening CPC accounts to just put money in there with no desire to invest? I want the card.

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Yeah, I keep mine in cold cash, nothing invested in my CPC.  No one gives me any problems that I'm not investing my cash.

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Whenever a PB claims you must invest in something, he's just trying to make extra commission off you. Investing in anything isn't necessary, but it isn't great for his own pocket. 

[amattas]

This is old, but still - why wouldn't you want to invest. $300K sitting in a cash account is actually losing money when you take inflation into account. You would almost be better served investing with CPC and telling them to put it in all in an ETF like VTI and VYM. The return on those funds minus the comission is likely much higher than any interest you'd be getting from just sitting in cash.

[Repo-ed]

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@amattas wrote:

This is old, but still - why wouldn't you want to invest. $300K sitting in a cash account is actually losing money when you take inflation into account. You would almost be better served investing with CPC and telling them to put it in all in an ETF like VTI and VYM. The return on those funds minus the comission is likely much higher than any interest you'd be getting from just sitting in cash.

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My thoughts EXACTLY.

Though I keep cash on hand too, "Just-in-case", I do not require 300k (though it's all relative)