Chase Sapphire Checking

iced · ‎08-10-2020

Chase called me today and offered complimentary Sapphire Checking. I've done a little digging into what that actually means, but so far the only things that seem to jump out are ATM fees waived and no wire transfer fees. Are there any other key differentiators that Sapphire checking offers that makes it worth using? I get "worth" is a bit subjective here since it's free, but there's the inconvenience of another checking account to manage.

I don't have any money parked with them, and I'm not incentivized to move brokerage money over at this time, so this would be just for the checking elements and not the investment ones.

Revelate · ‎08-11-2020

It's the same as CPC effectively other than no loan origination discounts. A few other things too like no lifestyle experiences either, but free wire transfers?

ACH is so last decade for me.

They are also throwing money at people for shuffling over new money to them, and YouInvest isn't that bad.

Frankly Chase does everything I need other than loans (other than jumbo) and I while I wrapped my arms around them hoping for CC's back in the day, I am sort of the poster child for their ideal of growing the individual relationship as consumer assets accrue.

bangkokkid · ‎08-15-2020

I had Chase Sapphire Checking for awhile but switched to Citi Priority. I think the daily ATM limit is $2k, daily purchase limit is $10k (if for some reason you want to pay "cash"), and you can send $5k a day via Zelle. There's never a wait on the phone and you can also do wires online without going in the branch which at the time Chase wasn't offering.

Worth a look if you're intersted in a premium checking product.

Revelate · ‎08-16-2020

@bangkokkid wrote:
I had Chase Sapphire Checking for awhile but switched to Citi Priority. I think the daily ATM limit is $2k, daily purchase limit is $10k (if for some reason you want to pay "cash"), and you can send $5k a day via Zelle. There's never a wait on the phone and you can also do wires online without going in the branch which at the time Chase wasn't offering.

Worth a look if you're intersted in a premium checking product.

What? Every single one of my wires since Sapphire Checking was introduced has been done online?

Actually hell, I did an online Chase wire back in 2015 for my LA condo mortgage.

VPExecutive · ‎08-19-2020

@bangkokkid wrote:
I had Chase Sapphire Checking for awhile but switched to Citi Priority. I think the daily ATM limit is $2k, daily purchase limit is $10k (if for some reason you want to pay "cash"), and you can send $5k a day via Zelle. There's never a wait on the phone and you can also do wires online without going in the branch which at the time Chase wasn't offering.

Worth a look if you're intersted in a premium checking product.

I guess I'm curious why you think Citi Priority is better? I've used Citi Priority and currently use Sapphire Checking.

Sure Citi's app is slightly better but that's about it. Priority doesn't even have ATM fee reimbursements, doesn't waive overdraft fees, doesn't waive wire transfer fees, and doesn't waive brokerage fees. There's still a wait on the phone for Priority customer service, and most of the time, it's the same type of customer service as those with low-level accounts receive.

Citi only introduced Priority as a means to push more people out of nice perks since most don't have $200,000 in assets to store at a financial institution. The requirement for CitiGold used to be $50,000 or more in assets, a mortgage balance, or you could pay $30/month for the account until they tinkered with the product like they do with everything else.