Chase Private Client Offering $1,250 Bonus for Eligible New Accounts
Update: Some offers mentioned below are no longer available. View the current offers here.
Following an incredibly successful Chase Sapphire Reserve launch, the issuer has begun focusing more on its banking products, including Chase Sapphire Banking, with its 60,000-point bonus offer, and now Chase Private Client as well.
For years, Chase Private Client has been available to customers with a total balance of $250,000, including qualified cash and investments. You can think of it as an "elite status" of sorts, for traditional banking — benefits include a dedicated team comprised of a Private Client Banker and J.P. Morgan Private Client advisor, no fees on everyday banking and investment strategies designed to help you reach your financial goals, waived wire transfer and ATM-withdrawal fees and even free museum access with the company's Arts & Culture Pass.
Now, Chase is sweetening the deal with a $1,250 bonus offer. Existing Chase customers who join Chase Private Client and transfer a total of $250,000 or more in qualifying new money or securities to a combination of eligible checking, savings and/or investment accounts, and maintain the balance for at least 90 days, will be eligible for a $1,250 bonus.
To be eligible, you'll need to get an email for this offer then apply at a branch in Arizona, California, Colorado, Connecticut, Florida, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Michigan, New Jersey, New York, Nevada, Ohio, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin or West Virginia.
Chase Private Client accounts currently earn just 0.01% APY interest (effective as of 7/16/19; interest rates are variable and subject to change), so be sure to do the math if you're considering parking some cash — a $1,250 bonus is far less compelling if you're giving up more than $5,000 in annual interest on $250k currently sitting in a high-yield 2% checking account, for example.
TPG featured card
at Bilt's secure site
Terms & restrictions apply. See rates & fees.
| 1X | Choose to earn up to 1X points on rent and mortgage payments with no transaction fee |
| 2X | Earn 2X points + the option to earn 4% back in Bilt Cash on everyday purchases |
Pros
- Choice to earn up to 1 Bilt Point per dollar spent on rent and mortgage payments
- Elevated everyday earnings with both Bilt Points and the option to earn Bilt Cash
- $400 Bilt Travel Portal hotel credit per year (up to $200 biannually)
- $200 Bilt Cash annually
- Priority Pass membership
- No foreign transaction fees
Cons
- Moderate annual fee
- Designed primarily for members seeking a premium, all-in-one card
- Earn points on housing with no transaction fee
- Choose to earn 4% back in Bilt Cash on everyday spend. Use Bilt Cash to unlock point earnings on rent and mortgage payments with no transaction fee, up to 1X.
- 2X points on everyday spend
- $400 Bilt Travel Hotel credit. Applied twice a year, as $200 statement credits, for qualifying Bilt Travel Portal hotel bookings.
- $200 Bilt Cash (awarded annually). At the end of each calendar year, any Bilt Cash balance over $100 will expire.
- Welcome bonus (subject to approval): 50,000 Bilt Points + Gold Status after spending $4,000 on everyday purchases in the first 90 days + $300 of Bilt Cash.
- Priority Pass ($469/year value). See Guide to Benefits.
- Bilt Point redemptions include airlines, hotels, future rent and mortgage payments, Lyft rides, statement credits, student loan balances, a down payment on a home, and more.