Chase Sapphire Banking, $1000 Bonus for New Accounts or Upgrades

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Chase Sapphire Banking 1000 bonus

Chase Sapphire Banking, $1000 Bonus for New Accounts or Upgrades

Chase Sapphire Banking has a new public offer, offering $1,000 for new accounts or upgrades. Let’s check the details.

RELATED: Chase Sending Out 1099’s For Ultimate Reward Bank Bonuses

New Chase Sapphire Banking Offer

Start with these three steps to get your $1,000 bonus:

  • Open now or meet with a banker to open an account by 11/19/2019
  • 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.

Your $1,000 bonus will be deposited into your Chase Sapphire Checking account within 10 business days.

Promotion Page

Chase Sapphire Banking Upgrade Offer

Start with these three steps to get your $1,000 bonus:

  • Meet with a banker by 11/19/2019 to upgrade to a Chase Sapphire Checking account.
  • 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.

Your $1,000 bonus will be deposited into your Chase Sapphire Checking account within 10 business days.

Promotion Page

Key Terms

  • Customers must have a Chase Sapphire® or Chase Freedom® credit card that is open and not in default at the time of enrollment and at points fulfillment, and be the primary cardmember on the account.
  • Offer not available to existing Chase Sapphire Banking and Chase Private Client customers.
  • $75,000 of new money can be deposited in a combination of eligible checking, savings and/or J.P. Morgan investment accounts (excluding insurance products; fixed and variable annuities; 529 College Savings Plans; any retirement accounts including but not limited to Traditional and Roth IRAs, Keogh, Simple IRAs, and 401(k) Plans).
  • The Ultimate Rewards bonus points transferred to you under the terms of the Program are considered miscellaneous income received from Chase, and may be reportable to you and the IRS on Form 1099-INT
  • You can only participate in one Sapphire Checking, Chase Private Client Checking or You Invest new money bonus in a 12 month period.
  • There is a $25 Monthly Service Fee for Chase Sapphire Checking OR $0 when you have an average beginning day balance of $75,000 or more in any combination of this account and linked qualifying deposits/investments.

Conclusion

This is a great bonus for a bank account. But you need to deposit a large amount, $75,000, and keep it in there for 90 days. Investment and savings accounts are also eligible, so those could be better options than checking.

You also need that 75K balance in your account to avoid the $25 monthly fee. Other Chase bank bonuses require you to keep the account open for 6 months, but for this bonus it’s not stated in the terms.

The responses below are not provided or commissioned by any advertiser or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by any advertiser. It is not any advertiser's responsibility to ensure all posts and/or questions are answered.

6 COMMENTS

  1. This is really tempting. I moved money back to Bank of America last month to re-qualify my Platinum Honors Preferred Rewards status for another year so I’m free to move the cash out again. $1,000 bonus is a really nice offer.

  2. @ Pam…CDs are excluded from this offer specifically! Checking, Savings and investments are ok but CDs are excluded.

  3. a couple of Q:

    1. “Customers must have a Chase Sapphire® or Chase Freedom® credit card ” — this is not on the promo page, are you talking about 60K UR points?
    2. $1k bonus is to be 1099’ed?

  4. I did this a few months ago for 75,000 Ultimate Rewards points which I valued higher than $1,000 as I used them to stay for $1,000 a night hotels with Hyatt (60,000 Hyatt points). I would have kept the account if they had SOME/ANY option for a higher interest rate Money Market account like many other banks. But NO they had NO money market account options with decent interest rates so I moved all my funds out.

    • You could have invested the 75k into a YouInvest account -> Vanguard money market 2.25%ish at the time. That’s what I did when I did this bonus earlier this year.

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