I am about to become a chase private client. Is there a way I can request the debt card to be in a metal variant? Just asking thank you. I cannot find any information on google.
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Are the new or better said latest debit cards plastic or metal..? Currently a Morgan Stanley Platinum CashPlus member/user.. and Chase sent me an offer to upgrade my Sapphire banking account to a Private Client account.. so just curious..
Just curious in how long it would take for a private client debit to come in the mail, I would assume they have a faster shipping speed due to The type of account it is
Thought it could be fun to shed some light on any questions you have about chase related products or difficulties you are having that I could possibly help with. Along with any other questions you may have.
Chase is sending out $2k sign up bonuses for new Chase Private Clients and I received one, but I'm struggling to understand why it's worth it (excluding the $2k bonus)?
Some of the perks seem vague, where they could be great or meh...such as "Special entertainment perks and access to exclusive online and in-person events.". Other perks seem like this is only useful for a very specific individual.
The banking perks are completely MEH to me:
Banking -
No fees on the first four overdrafts - High net-worth people don't often overdraft.
Higher limits on debit card purchases and ATM withdraws, as well as Zelle® limits. - Who needs high-ATM cash withdraw limits? I rarely need large amounts of cash, and if I did, I'd just walk into the bank for the 1-time/year tops. And debit card purchases??? Put everything on a credit card for those points.
No ATM fees worldwide - That's nice to have, but who even uses cash that frequently these days? Who withdraws cash frequently from non-local ATMs? My eTrade account lets me withdraw with no ATM fees so I just use that when needed.
Special entertainment perks and access to exclusive online and in-person events. - This is the only thing that could be cool.
Lending supposedly has discounted loan rates. This is the only thing I think could be useful. Investing is another black box of unknowns. They claim to have advisors and things...but do they really know anything?
They used to allow CPC's to get the Palladium Card (now called J.P. Morgan Reserve Card), which looks pretty cool, but now it's only for members with $10m assets under management. The benefits of the card itself are pretty much the same as their Sapphire Cards...so the only cool card you get is a debit card that says "private client" on it.
Everything I find online is just repeating the listed benefits, but I'm having trouble finding any first-hand info. Does anyone have any experience with the program and what are your thoughts?
It seems like I'm just tying up $150-250k in cash with them. Their investment platform was pretty weak last time I used it years ago.
Is being a Chase Private Client or Chase Sapphire banking even beneficial anymore? HYSA APYs are so much higher, why keep such a high balance at Chase?
Hello everyone! I just received an email inviting me to become a Chase Private Client. I was inclined to pass as I have no real interest in the perks, but I did some digging and did find that some CPC clients were able to bypass the 5/24 rule, which I would certainly have interest in. I wanted to defer to the community and see if any of you had input regarding this matter. Thanks in advance!
The opportunity cost of keeping 250k in a Chase checking or savings account is extremely high. If you had 250k in an Ally savings account earning 1% interest, you would earn $2,512 yearly. If you kept 250k in a Chase savings account which I believe would earn 0.06% with a 250k balance, you would only earn $150 yearly.
That means that the indirect cost of a Chase private client account is $2,362 yearly.
While the 250k requirement can also be met with investments, I would not recommend this either because they will push an actively managed account which would have much higher fees than Vanguard for example. A portfolio of Vanguard index funds performs the same as even the most exclusive hedge funds in the long run, so why pay Chase to manage your investments when Vanguard index funds have some of the lowest fees in the industry.
Is it worth putting $250k into Chase/JP Morgan investments if you don't already invest with them? No, probably not.
But if you're already meeting the requirements, there's no reason not to join.
What’s the difference? Is there an advantage using one over the other? I currently use the one that says private client but have one that says sapphire on it too… they are both debit cards.
I was at a chase branch yesterday and I saw on a display a black card that I never see on chase website. I don't remember the name and is not the Sapphire Reserve is something even more exclusive. I was told you need to have $150k to qualify for that black card. I was wondering what's the benefits and the name of that card.
I'm a former First Republic Bank customer, and I was encouraged to strive for this status when I got converted over to Chase. I followed the instructions to keep enough cash in JPM / Chase accounts, and I do this mostly through a self directed investment account.
I really did appreciate First Republic: the branches were really delightful when I needed branch stuff, and the customer service on the phone, or when I needed to refinance my mortgage. I miss that stuff, but it's gone
Here are my impressions of "JP Morgan Private Client": it's mostly a slightly different version of Chase Private Client.
What I get:
- A dedicated relationship banker (who mostly encourages me to put my assets under management by a financial advisor charging a fee based on assets: I say no). She is very nice, but I don't think I need what she is focused on.
- Access to a fancy branch in downtown SF, but it's not a bank branch. Only things I can get there are free coffee, candy and meetings with people who want to sell me services.
- A different JPM Debit Card, with a different 800 number. But when I call, they almost ALWAYS transfer me to Chase Private Client.
- Some bugs with the Chase / JPM website. I can't see my equity holdings with a chart, and some of the features that are supposed to be there for JPM customers are broken for me. I also can't schedule a branch visit, which is annoying when I need something at a branch. I think it's because I'm in some weird class of account that they don't properly support.
- JPM Self Directed Account. Fine for me, because I do not need fancy trading features. But it's not as good as Schwab / Fidelity from a interface or features perspective.
- All the chase private client features: no ATM fees, foreign transaction fees, etc.
What I haven't gotten:
- Great branch customer service.
- Any special "benefits" beyond Chase Private client.
- Any credit card offers. I am not into points and that stuff, but I know that a lot of people think you can use JP Morgan Private Client to get a fancy credit card. The answer for me is no.
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Considering moving my investments over from Edward Jones to chase private client due to the wealth management fees being lower. What are the pros and cons of private client from actual user experiences? Thanks in advance!
I’ve invested and banked with Fidelity for the past several years, but lately I’m finding more of a need for traditional banking services and also realizing that Fidelity sucks as a bank. (for example, their debit card issuer is backed up for months and can’t process orders.) Free wire transfers is also a must.
I’ve considered switching to Chase Private Client but the forced sales meeting with a private banker is putting me off. I only invest in index funds and growth funds and there is zero chance I’m going to pay account management fees. I don’t want to be hounded with sales calls and I’ve also heard that you are required to meet with your private banker regularly or they kick you out.
For anyone that has switched to Private Client without buying into their management services, how did it go? Is Chase good for self-directed investors?
I was offered Chase Private Client, not sure if it is worth it.
I recently upgraded to Chase Sapphire checking but always had the Disney debit card. I was told I could keep the Disney debit card and get the Sapphire banking benefits. However when I used a non-Chase ATM, I was never refunded the ATM fee.
I called customer service and got transferred to 12 different reps. Most of the reps at Chase dont seem to be familiar with Sapphire banking benefits of being reimbursed when using non-Chase ATMs. They keep telling me that Chase only waives fees that it charges. SMH. I was even told this by multiple reps who are within Chase Sapphire Banking dept.
I forgot about the ATM reimbursement. 3 days later I tried to use the debit card and it was closed by Sapphire dept. Sapphire cust svc transfer me to fraud dept to see why debit card was closed. Fraud transferred me back to Sapphire cst svc where a knowledgeable rep confirmed the both Private Client and Sapphire checking require their respected debit cards to work correctly. She issued me a new card.
I'm just wondering does hardly anyone at Chase have this account. Even the people at the branch could not confirm whether the Disney debit card was compatible with Sapphire checking.
UPDATE: Chase sent me a new Disney debit card and the ATM reimbursements now work fine. So there was some issue with the old Disney debit card that I had. Also I was able to call them to increase the non Chase ATM withdrawal limit from $500 to $1,000, ATM withdrawal limit for Chase in-branch ATMs are $3,000
CHASE DAILY LIMITS PER DEBIt CARD TYPE
Chase Debit Card (basic)
Chase Disney Debit Card
Chase Star Wars Debit Card
Chicago Skyline Debit Card (IL only)
-> Purchase Limit $5,000 In-Branch ATM Limit $3,000, Other Chase ATM $1,000 Non-Chase ATM$500 ($1,000 for accounts opened in CT, NJ, NY)
Chase Sapphire Banking Debit Card
-> Purchase Limit $7,500, In-Branch ATM Limit $3,000, Other Chase ATM $3,000 Non-Chase ATM$1,000 ($2,000 for accounts opened in CT, NJ, NY)
Chase Private Client Debit Card
->Purchase Limit $7,500, In-Branch ATM Limit $3,000, Other Chase ATM $3,000 Non-Chase ATM$2,000
Chase First Banking Debit Card
-> Purchase Limit $7,500, In-Branch ATM Limit $300, Other Chase ATM $100 Non-Chase ATM$100
Chase ATM Card N/A $3,000 $1,000
-> N/A, In-Branch ATM Limit $3,000, Other Chase ATM $1,000 Non-Chase ATM$300 ($1,000 for accounts opened in CT, NJ, NY)
I’m comparing JPM Private Client and Citigold Private Client and would love to hear from anyone familiar with both.
I am already a JPM private client and I am a regular Citigold client. I’m wondering if there’s any real advantage to move assets over to upgrade my accounts to Citigold Private Client.
One notable Citi benefit is the $400 credit (up from $200), but I haven’t found much on JPM Private Client. Both offer worldwide ATM fee reimbursements, though I already have Schwab Checking, which does that without any asset requirement.
Does anyone have experience with both and can compare the benefits, investment options, fees, or overall service levels? Are there any real perks, or is this just a marketing gimmick?