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Chase Private Client changed (again) ?

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Moderator

Chase Private Client changed (again) ?

Got a call today from a CPC banker suggesting that all of their clients were getting a specific banker... and in my case, this cat was now my buddy whom I could contact directly with whatever questions I have. 

 

It wasn't clear whether this was all Chase clients (which is some stupidly high number of Americans) or if it was specifically targeted either by prior discussions regarding CPC or by some data analytics on cash flow or previously stated assets or something (my financial life runs through Chase since 2011 so they absolutely know what's up).

 

Emailed contact information has CPC / Private Client Banker written all over it... and they did have an offer of dumping 100k into a savings account (which admittedly was one of the private client benchmarks circa 3ish years ago, though one was expected to get to 250k w/in a year at that point) for 90 days for the typical $100... but interestly also had a 50k bonus UR as a CSR holder.  

 

Not really that enthused for what amounts to a 4% APR over the time period given the market is still levitating, but this struck me as a non-trivial change and I'm curious if it has been extended to a bunch of others as well.

 

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


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Message 1 of 6
5 REPLIES
Valued Contributor

Re: Chase Private Client changed (again) ?

I have to admit I don't know a whole lot about Chase Private Client, but isn't having an account directly with JP Morgan better? 

Amazon Store Card - 3.7k / AMEX Blue Cash Preferred - 1k / AMEX Delta - 3.4k / AMEX Hilton Honors - 1.2K / Capital One Quicksilver - 15k / Citi ThankYou Premier - 5.6k / Citi AT&T 4.6k / Citi AAdvantage Platinum - 6.5k / Citi Simplicity - 4.6k / Empower MasterCard - 1k / Navy Federal Flagship - 10k / USAA Limitless - 5k / USAA Rate Advantage - 2k (previously 5k)
Message 2 of 6
Regular Contributor

Re: Chase Private Client changed (again) ?


mountaindewvoltage wrote:

I have to admit I don't know a whole lot about Chase Private Client, but isn't having an account directly with JP Morgan better? 


You need $10 million in assets to have a direct account with JP Morgan.


Gardening from 10/1/2017 to 4/1/2018.
Message 3 of 6
Valued Contributor

Re: Chase Private Client changed (again) ?

I'm sure Revelate has that much in their account. Smiley Wink

Amazon Store Card - 3.7k / AMEX Blue Cash Preferred - 1k / AMEX Delta - 3.4k / AMEX Hilton Honors - 1.2K / Capital One Quicksilver - 15k / Citi ThankYou Premier - 5.6k / Citi AT&T 4.6k / Citi AAdvantage Platinum - 6.5k / Citi Simplicity - 4.6k / Empower MasterCard - 1k / Navy Federal Flagship - 10k / USAA Limitless - 5k / USAA Rate Advantage - 2k (previously 5k)
Message 4 of 6
Moderator

Re: Chase Private Client changed (again) ?


mountaindewvoltage wrote:

I'm sure Revelate has that much in their account. Smiley Wink


Hahaha.

 

If I had that much I wouldn't be on these forums just sayin!  Credit = pshaw in that scenario.

 

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


Take the myFICO Fitness Challenge
Message 5 of 6
Regular Contributor

Re: Chase Private Client changed (again) ?


Revelate wrote:

mountaindewvoltage wrote:

I'm sure Revelate has that much in their account. Smiley Wink


Hahaha.

 

If I had that much I wouldn't be on these forums just sayin!  Credit = pshaw in that scenario.

 


I don't think credit necessarily gains importance as net worth climbs, but I believe it continues to hold the same value. Active property investment, margin loans from brokerages, small business financing, and cash flow smoothing, and intelligent income smoothing for tax purposes all require good credit. Cash back and travel rewards are great, but UHNWI still have great reasons to keep credit scores high.


Gardening from 10/1/2017 to 4/1/2018.
Message 6 of 6