Subscribe
Notify of
guest

34 Comments
newest
oldest most voted

Jeremy
Jeremy (@guest_882404)
January 20, 2020 11:53

DP: Just received a 1099-INT from Chase. They say I had $600 in interest income from the 60k UR bonus points. Honestly, a fair valuation since you can redeem for cash at $0.01/point.

Lia
Lia (@guest_664713)
October 29, 2018 19:09

Does it have to be one time transfer of 75000$ or can be multiple transfers to total 75000$?

Melon Gain
Melon Gain (@guest_650552)
October 2, 2018 19:24

I went to my local branch today to open a new business account. I asked about this deal and the banker didn’t know anything about it.

ThrustVectoring
ThrustVectoring (@guest_650450)
October 2, 2018 16:10

You can typically transfer stock investments without selling them through ACATS. Also relevant for avoiding taxes is whether or not You Invest supports IRAs and whether they count towards the required asset level.

So yeah, likely the best course of action is taking a brokerage and/or IRA account, doing an account transfer to You Invest, and using that to qualify for the bonus.

ThaigerNation
ThaigerNation (@guest_650736)
October 3, 2018 02:16

The Points Guy is reporting that retirement accounts are not eligible as part of the $75k.

“As for what does not qualify, Chase says 529 college savings plans; any retirement accounts including traditional Roth and IRAs, Keogh, Simple IRAs and 401(k) plans; fixed and variable annuities; and insurance products are excluded.”

https://thepointsguy.com/news/faqs-chase-sapphire-banking/

SJ
SJ (@guest_650188)
October 2, 2018 09:21

Was thinking of hitting the $500 Chase checking bonus, but would like the UR bonus even more. Any idea if signing up for the standard account now helps/hurts chances to be targeted for Sapphire?

Dan
Dan (@guest_650176)
October 2, 2018 08:56

What are the money market options at Chase if you do move cash over? Anything in You Invest? thanks

ThrustVectoring
ThrustVectoring (@guest_650448)
October 2, 2018 16:07

You Invest has pretty much any ETF you’d like, and there are various short-term bond funds and money market ETFs available. VGSH has a duration of just 2 years and a SEC yield of 2.67% and would be an appropriate choice – it takes some interest rate risk, but a massive 1% rise in rates would only hit the value of the ETF by 2%.

Sam
Sam (@guest_650162)
October 2, 2018 08:27

Does Chase allow more than one checking account? I have CPC Checking and Savings and thinking of jumping into this. Will they allow Sapphire and CPC Checking open and active simultaneously?

Newbie
Newbie (@guest_650109)
October 2, 2018 01:21

This DOC website is so amazing, with vast information related to CCs, bank accounts and some. The users are amazing and so are the moderators. I am addicted already

Matt Katakis
Matt Katakis (@guest_650056)
October 1, 2018 23:49

Curious how the “new money” is determined. How long must the money be outside of the Chase ecosystem? Any experts know?

Zorn
Zorn (@guest_650264)
October 2, 2018 11:32

It just means money not currently held in a Chase account of some type. You can transfer it in from any other source.

v
v (@guest_650821)
October 3, 2018 10:54

the question is – what if I have this money in a Chase account now, transfer it out – for how long I need to wait before transferring it back

veeRob
veeRob (@guest_651282)
October 4, 2018 00:57
  v

Should be instant.

Mike
Mike (@guest_650054)
October 1, 2018 23:48

Would it make sense to take 75k from my high yield savings and put in a a mmf etf? From what i can tell 2% in these is reasonable.

Problem would be that it would incurr a $75 transfer out fee. Anyone else thinking along these lines?