cancel
Showing results for 
Search instead for 
Did you mean: 

Chase Sapphire Banking

tag
Chelow
Regular Contributor

Re: Chase Sapphire Banking

It is an honor to receive a comment and advice from you. Thank you @Revelate  !!!

I think I can make that work. I am also a buy and hold (securities) kind of investor. I do buy and sell drops and corrections, here and there, after some severe catalyst and market analysis. That being said, I do think the free trades on YouInvest would save me some good money in the long haul. Even though I’ll have to keep some cash in a CD for a while until I can build a YouInvest account to 75k. I’m thinking that should take me no longer than 3years as i would not like to place all my eggs in one basket. I am comfortable with 50% chase, 30% Capital one (mainly CD's) and 20% Alliant CU ( Savings account to build relationship and for a small personal loan to build credit). I know this is sad, but it is just the begining for me, as i started building credit just 1 year ago ). To each his own. Right. ?! Smiley Happy


As of now, Chase is my main financial institution and I would like to keep it that way, hence this effort to try and build a better relationship. All my paychecks are deposited there (also 2 jobs), FU and holding 8months to app for the already “green check marked” CSP. ( Just got an Amex in late January and don't want to jump the gun ). No mortages or loans for the foreseeable future.

I plan on seeing a banker this week or the following to discuss this upgrade. I was just really curious as if I would be frowned upon or maybe even Account Reviewed for not having at least 75k parked there while being a sapphire account holder. You know, I just wanna fly under the radar and not poke the big bear.... Any other thoughts on that would be much appreciated. 

Again, it was a pleasure to receive your reply and thank you very much !!! 

 

 





Message 51 of 53
Revelate
Moderator Emeritus

Re: Chase Sapphire Banking

I can say they used to do this with people they thought could obtain CPC level as well in the past.

 

It makes sense if they see enough income vs. spending that someone could reach 75k in call it some number years that they'd want to get them in the door as the Sapphire banking benefits probably don't cost them that much honestly in comparison.  Chase is trying to reach people earlier in their wealth acquisition stages (I'm probably on the older end of the demographic they're attracting) and keep them over the long term: I personally think it's a good strategy based on what I know of the industry and consumer behaviors, remains to be seen how well they can market it.

 

For you it definitely sounds like a plan, just find out if they have a time limit on it which they did for CPC, but if you can make it work seems like a good path forward.




        
Message 52 of 53
Chelow
Regular Contributor

Re: Chase Sapphire Banking

That sounds fantastic ! I will definitely do that. Thank you so much for all the shared knowledge . I'll post the outcome...

 

Cheers, 

 

 

 





Message 53 of 53
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.