By: Revanche

Chase is throwing money at us

May 24, 2017

and I’m more than happy to accept. I’m rubbing my hands in at least a little bit of glee.

After interviewing a few lenders, I’d chosen to go with Chase’s mortgage lending because we were in touch with a very hands-on and responsive banker. I had dreaded the process, of course, and of course it was three metric tons of paperwork, but this was by far the best lender I’ve ever worked with. Not intended to be an advertisement, by the way, I was just pleasantly surprised.

Armed with my PF money hunting spear, I hunted for all the promotions I could find once we were reasonably settled on a mortgage, and lo, Chase Bank has been willing to provide! I have turned up some riches!

It’s not more than a drop in the bucket compared to what we’ll be paying but this isn’t chump change.

With a $25 deposit, I opened a Premier Plus checking account and then PiC opened both Total Checking and Savings accounts. We’ll keep all three accounts open for six months, then take home $650 in bonuses! But I didn’t stop there, oh no. Then I’ll set up the automated payments for another $595 which makes a grand total of $1245.

All the fun details are below if you want to join in some of the money-grubbin’ fun. 😉

I’ll keep looking for more money to shore up our accounts before the hemorrhage begins!

These bonuses will be taxable, so I’ll set aside a portion of it just like I do with any other freelance income. I should note that I don’t LOVE Chase as a bank so I’ll be closing these accounts after 6 months and going back to my old stand-by bank. This is just enough money in bonuses to be worth taking the time.

The promotions

Chase Premier Plus $300 Bonus

  • Open a new Chase Premier Plus Checking.
  • Deposit $25 or more at account opening.
  • Set direct deposit to your Premier Plus Checking within 60 days of account opening.
  • Chase will deposit the bonus in your new account within 10 business days.

Fine Print

  • Keep your account open for 6 months, or they’ll take back the bonus!
  • The $25 Monthly Service Fee is waived when you keep an average beginning day balance of $15,000 or more in any combination of this account and linked qualifying Chase checking, savings and other balances.

Chase Total Checking $200 bonus and Chase Savings $150 bonus

  • Open a new Chase Total Checking Account
  • Deposit $25 or more at account opening.
  • Set direct deposit to your Total Checking within 60 days of account opening.
  • Chase will deposit the bonus in your new account within 10 business days.
  • Open a new Chase Total Savings Account
  • Deposit $10,000 or more in new money within 10 business days, and maintain a $10,000 balance for 90 days

Fine Print

  • Keep your account open for 6 months, or they’ll take back the bonus!
  • The Checking $25 Monthly Service Fee is waived when you do at least one of the following each statement period: Option #1: Have monthly direct deposits totaling $500 or more made to this account; OR, Option #2: Keep a minimum daily balance of $1,500 or more in your checking account; OR, Option #3: Keep an average beginning day balance of $5,000 or more in any combination of this account and linked qualifying Chase checking, savings and other balances. Otherwise a $12 Monthly Service Fee will apply.
  • Chase Savings has no Monthly Service Fee when you do at least one of the following each statement period: Option #1: Keep a minimum daily balance of $300 or more in your savings account; OR, Option #2: Have at least one repeating automatic transfer of $25 or more from your Chase personal checking account (available only through Chase OnlineSM Banking); OR, Option #3: Have a linked Chase Premier Plus CheckingSM, Chase Premier Platinum CheckingSM, or Chase Private Client CheckingSM account. Otherwise a $5 Monthly Service Fee will apply. A $5 Savings Withdrawal Limit Fee will apply for each withdrawal or transfer out of this account over six per monthly statement period.

Chase mortgage $595 bonus

  • Have an existing or open a new Chase personal checking account
  • Enroll in Chase’s automatic mortgage payment service. The mortgage payment will be automatically deducted from the Chase personal checking account. Payments must go directly from a Chase personal checking account to the Chase mortgage and not be managed by third parties
  • Enroll the new mortgage in paperless statements. All promotion requirements must be met within 60 days of closing.

Fine Print

  • Customers get $595 cash back after closing a purchase mortgage with Chase.
  • This offer is only available for new, residential first mortgage purchase loans submitted directly to Chase.
  • Customers must enroll in the $595 Cash Back promotion online within 60 days of closing with the E-coupon code provided in the Welcome brochure.
  • Applications received after March 26, 2017 are eligible for the $595 Cash Back promotion.
  • Property address must be included with the application.

Chase mortgage + Chase Sapphire Reserve cardmembers!

Thanks for the reminder, Mrs. BITA!

This one is on hold for us because our mortgage application was started before the promotion was live, but our banker opened an investigation to see if they could still give us the 100,000 points. We should find out this week. Cross your fingers!

:: Have you found any worthwhile promotions lately? 

6 Responses to “Chase is throwing money at us”

  1. Mrs. BITA says:

    Ooh! Ooh! Just this morning I got this email from Chase:

    “And as a Chase Sapphire Reserve cardmember, you can now earn 100,000 Ultimate Rewards points, when you finance a new home with Chase.

    But you need to act soon — you’ll need to apply for a mortgage by 08/06/2017 and close your loan to earn your bonus points.”

    I’m not looking to get a mortgage now, but if you are, 100000 UR points at their lowest value are worth $1500 (if redeemed for travel via the Chase portal).

    • Revanche says:

      Thanks! I meant to include that but I was waiting for our eligibility to be confirmed because we might not get it.

      I think that the lowest redemption is 100,000 points to $1,000 cash, or $1,500 in travel value when redeemed through their portal, though.

  2. Jax says:

    I hate Chase as a matter of principle, BUT I would have no trouble taking $1,245 from them! Well done on shopping around for a mortgage AND getting a sweet bonus to go along with it.

    I have been opening bank accounts for their bonuses, but I don’t have enough liquid right now to qualify for Chase’s.

  3. Wow, that’s a lot!
    nicoleandmaggie recently posted…DC2 got into the dual language programMy Profile

Leave a Reply

CommentLuv badge

This website and its content are copyright of A Gai Shan Life  | © A Gai Shan Life 2017. All rights reserved.

Site design by 801red