If you’re looking for a way to earn some Chase Ultimate Rewards points, you may be interested in Chase Sapphire Banking. Chase is looking for new customers to open accounts with them, and as an incentive are offering 60,000 Chase Ultimate Rewards points, once signing up and completing the minimum requirements listed below.
If you’re already maxed out on the sign-up bonuses on many of the Chase credit cards such as the Chase Sapphire Preferred or Reserve, or the Chase Ink Business cards, this is another way to still earn a nice amount of Ultimate Rewards points.
Here’s how this offer works:
Open or upgrade to a Chase Sapphire Checking account:Â Meet with a banker at any branch or for new Chase checking customers: Open now. Offer expires 03/05/2019.
Deposit money into your new account:Â Within 45 calendar days, transfer a total of $75,000 or more in qualifying new money or securities to a combination of eligible checking, savings and/or investment accounts, and maintain that balance for at least 90 days.
Enjoy your 60,000 Ultimate Rewards bonus points:Â Within 45 business days of completing step 2, we’ll add 60,000 bonus points to your Chase Sapphire card with Ultimate Rewards
Has anyone opened a Chase Sapphire Banking account before? Feel free to share your thoughts in the comments below.Â
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This is of very limited value as the vast majority of people don’t have $75k cash sitting around. But assuming you do keep in mind that you could buy $75k worth of a Fortune 50 company with a dividend yield of 4%. So that $75k would earn $750 over 90 days. I would value 60k Chase points at a higher value, so you still come out ahead, but not as much as you think.
Of course if you have $75k in stock to transfer then it is easy money. But that’s really not the blog reader demographic
Plenty of these blog readers do in fact keep up to $100K handy for these sorts of games. Or, at least at certain times throughout the year, some of us do have that much ‘sitting around’, and these sorts of things allow us to put off deciding what to do with it. You can park it somewhere and then have time to research those Fortune 500 companies and their 4% dividend — can’t just decide on a whim in that case — and if you didn’t get around to it, well by that time another offer might be around.
Exactly what happened to me: got my 1% from Ally today and now looking at HBSC (or this one). I don’t think I’m the only one.
This is a great find. Thank you for posting!