IMHO, The only time it swayed a CU for me, Is when I had large direct deposits going into Pentagon Federal,
and it totalled over $100K .. then they gave in. I doubt any bank or CU would be swayed by a few grand.
For BoA or Chase, it would probably take a Million
@M_Smart007 wrote:IMHO, The only time it swayed a CU for me, Is when I had large direct deposits going into Pentagon Federal,
and it totalled over $100K .. then they gave in. I doubt any bank or CU would be swayed by a few grand.
For BoA or Chase, it would probably take a Million
Thanks for the DP.
If you have millions looking at CU and Banks for Credit Cards is not needed haha! Just go for the super exclusive cards that no one could get haha.
@M_Smart007 wrote:IMHO, The only time it swayed a CU for me, Is when I had large direct deposits going into Pentagon Federal,
and it totalled over $100K .. then they gave in. I doubt any bank or CU would be swayed by a few grand.
For BoA or Chase, it would probably take a Million
At $1 million the financial advisors at the local BoA financial center(s) will make sure you know each other even if you have a self-managed portfolio. $1 million at Chase barely gets you above peon class, you start to get interesting at $2 million and $10 million makes you fairly special.
@coldfusion wrote:
@M_Smart007 wrote:IMHO, The only time it swayed a CU for me, Is when I had large direct deposits going into Pentagon Federal,
and it totalled over $100K .. then they gave in. I doubt any bank or CU would be swayed by a few grand.
For BoA or Chase, it would probably take a Million
At $1 million the financial advisors at the local BoA financial center(s) will make sure you know each other even if you have a self-managed portfolio. $1 million at Chase barely gets you above peon class, you start to get interesting at $2 million and $10 million makes you fairly special.
Well, at least I know where my money would go if I had to choose between the two.
@Anonymous wrote:
@coldfusion wrote:
@M_Smart007 wrote:IMHO, The only time it swayed a CU for me, Is when I had large direct deposits going into Pentagon Federal,
and it totalled over $100K .. then they gave in. I doubt any bank or CU would be swayed by a few grand.
For BoA or Chase, it would probably take a Million
At $1 million the financial advisors at the local BoA financial center(s) will make sure you know each other even if you have a self-managed portfolio. $1 million at Chase barely gets you above peon class, you start to get interesting at $2 million and $10 million makes you fairly special.
Well, at least I know where my money would go if I had to choose between the two.
@Anonymous I just reviewed my history with Chase and its as follows:
10/17 - Opened Total Checking account for the $200 bonus. Deposited the $1,500 required minimum and directed a portion of my income to the account. After two weeks and with the $500 monthly minimum in Direct Deposit requirement satisfied I withdrew the initial $1,500. The SUB was paid a few days after I met the $500 threshold.
12/17 - Opened Chase Savings for $150 bonus by depositing $10,200 for 90 days (required minimum is $10K).
12/17 - Received my first and only online pre-qualification for the Slate, Freedom and Freedom Unlimited cards. Applied for the Freedom in-branch and approved with a $4,000 limit.
2/18 - Cold apped for the Amazon Prime Rewards card and approved despite being 8/24 at the time. ( I don't recall if the Amazon card was included in the 5/24 Rule back then). Approved for $6,000.
3/18 - Withdrew the original $10,200 from Savings after getting the $150 bonus and set up an automatic transfer from Checking for $25 monthly to avoid the account maintenance fee.
7/18 - Opened Chase You Invest account and seeded it with 10 shares of Amazon stock worth about $12,000.
8/18 - Opened Chase Total Business Checking with a $2,000 deposit.
12/18 - Received in-branch pre-approval for all credit cards offered by Chase. Applied in-branch and approved for the Sapphire Reserve with a $35,000 credit limit while at 16/24.
8/19 - Closed Savings & Total Business Checking accounts; transferred assets from You Invest to a Merrill Edge account. Only depository account open is Total Checking with the minimum DD of $500 going in each month.
I say all of that to show that its possible to get approved for Chase credit cards if you establish a depository relationship. Although I rarely used the Savings and Total Business Checking accounts, I used the Total Checking heavily and purposely passed 5-digit deposits through it a few times. Since ACH transfers from Chase are free (unlike the $3 charged by BofA), I would deposit the amounts there first, then route them to where I intended them to go. I'll finally be below 5/24 later this month and I intend to apply for the Freedom Unlimited as soon as that occurs.