Chase Private Client Program — The Benefits, Qualification Process & More

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Chase Private Client is a program offered to select Chase clients that keep a substantial amount of money in Chase investment and banking accounts. It’s sort of like elite status at a bank instead of an airline.

Here is what you need to know about the benefits of being one of their Private Clients, and how to qualify.

Chase Private Client Benefits

Chase Private Client (CPC) offers products and services including banking perks, lower or no fees, mortgage benefits, and investment strategies and insights.

Chase Private Client
Image courtesy of Chase.

First, here’s an overview of what you’ll get when joining the program (including the current bonus), as well as where it’s available:

  • Enjoy a $1,250 bonus when you join Chase Private Client. Within 45 days, transfer a total of $250,000 or more in qualifying new money or securities to a combination of eligible personal checking, savings and/or investment accounts, (excludes: Any J.P. Morgan retirement accounts and CDs) and maintain the balance for at least 90 days. Offer available to existing Chase customers only.
  • Experience a banking relationship that brings you more
  • A team dedicated to you
  • Banking with fewer fees
  • Visit your nearest CPC branch
  • Email my upgrade code
  • Available in: AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KY, LA, MA, MD, MI, MS, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, TN, TX, UT, VA, WA, WI, WV

Banking Benefits

  • No fees on most transactions including wire transfers and international debit card purchases or ATM withdrawals.
  • No Chase fees at non-Chase ATMs worldwide, plus they will reimburse you for non-Chase ATM fees up to 5x per month.
  • No monthly service fee on CPC Savings accounts when linked to a CPC Checking account
  • Increased Chase QuickDeposit limits
  • Increased limits for Chase QuickPay with Zelle
  • Higher daily ATM withdrawal limit
  • Free 3×5 safe deposit box and a 20% discount on larger boxes
  • Free personal checks
  • No fees for cashier’s checks, counter checks, or money orders

Credit Card Benefits

  • Rushed replacement of your debit or credit card almost anywhere worldwide at no charge
  • Higher welcome bonuses available for in-branch credit card sign-ups (on a case by case basis)

Hot Tip: As a Chase Private Client, you may be able to open additional Chase credit cards (including their business cards), even if you are over the 5/24 limit. Through my CPC banker I was able to get my hands on a Chase Sapphire Reserve® when it came out even though I was well over 5/24. This is not an advertised perk and can really depend on your banker. I wouldn’t expect this benefit, but it can happen.

Business Benefits

Investment Benefits

  • A dedicated J.P. Morgan Private Client advisor
  • Customized financial analysis
  • Retirement advice
  • Personalized investment strategy
  • Free online stock and ETF trades with You Invest℠ by J.P. Morgan

    Chase Private Client
    Image courtesy of Chase.

Home and Auto Loan Benefits

  • Discounted rate when you purchase or refinance a home with the CPC Mortgage Rate Program
  • Occasional bonus Chase Ultimate Rewards points with a new mortgage (CPC was recently offering a 75,000-point bonus with a new mortgage)
  • CPC Home Lending Team
  • Discounted rates for Home Equity Lines of Credit
  • No origination fee and $50 annual fee waiver for HELOC
  • 0.25% rate discount with Chase Car Buying Services
  • Up to 0.50% rate discount when you refinance your auto loan and have your payment automatically deducted from your personal checking account

Other Benefits

  • The Chase Private Client Arts & Culture program offers special access to institutions like museums in select cities
  • Invitations to local Chase Private Client events

Bottom Line: Chase Private Client offers numerous benefits including fee waivers, increased deposit and withdrawal limits, personal banking advisor, reduced fees and lower minimum balances for business checking accounts, personalized investment strategies, discounted mortgage rates, invitations to members-only events, and more!

How to Qualify for Chase Private Client

To qualify as a Chase Private Client, you need to have a daily average of $250,000 in Chase investments and accounts.

You can also gain access to Chase Private Client benefits if you share an account with an immediate family member who is a Chase Private Client. For example, if one of your parents is a Chase Private Client and you share a checking account with them, you can also receive the Private Client benefits.

There is no cost to become a Chase Private Client, but it is by invitation only. If you are interested in requesting a meeting to go over your qualifications to become a Chase Private Client, submit this form online.

Hot Tip: If you have a family member that is a Chase Private Client, you can open a joint checking account with them and you will then be eligible for CPC benefits as well.

How to Contact Chase Private Client

Chase Private Client Contact Information

If you are currently a Chase Private Client, you can call 1-888-994-5626 for customer service.

If you are interested in becoming a Chase Private Client, you can fill out the request form here or talk to your local Chase branch.

How to Find a Chase Branch That Offers Private Client Benefits

Not all Chase branches offer Chase Private Client services. CPC advisors are available at select Chase branches plus dedicated Chase Private Client locations.

To find a location near you, enter your zip code in the CPC Find A Branch tool.

Final Thoughts

Chase Private Client is an elite status of sorts for Chase customers who have at least $250,000 in investments and accounts at Chase. These benefits can be extended to immediate family members of CPC clients who hold a joint account with Chase.

The perks offered included fee waivers, lower minimums for some accounts, investment advisement, and lower mortgage rates.


Featured Image: Image courtesy of Chase

FAQ

How Much Money Do I Need To Be A Chase Private Client?

To qualify as a Chase Private Client you need to have a daily average of $250,000 in Chase investments and accounts.

You can also gain access to Chase Private Client benefits if you share an account with an immediate family member who is a Chase Private Client.

What Is Chase Private Client?

Chase Private Client is a banking and investment product offered to select Chase customers. Benefits include lower or no fees, business banking perks, lower mortgage rates, a personal banker, and investment advisors.

Katie Seemann

About Katie Seemann

Katie is an Ohio native who caught the travel bug after spending a semester in college in Nottingham, England. In addition to exploring England, she visited Ireland, Scotland and the Netherlands during that time and loved every minute of it (everything except the hostel in Scotland – that’s an experience she doesn’t intend on repeating!) In 2015, Katie discovered the world of points and miles, and since then she’s earned countless points and has an embarrassingly large number of credit cards in her wallet (which she needs a spreadsheet to keep track of!)

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11 comments

  1. Barbara Udell · February 22, 2019 · Reply

    Could you provide details of the Chase Private Client Arts & Culture program.

    • Katie Seemann · February 22, 2019 · Reply

      Hi Barbara,

      According to the Chase Private Client website, the CPC Arts and Culture Program offers free admission, discounts, and other benefits at select cultural institutions.

      Here’s a link for more information and to search for participating institutions:

      https://chaseprivateclient.chase.com/arts-and-culture

      Unfortunately, it looks like this program is only available to people who live in one of the 8 regions this program services (Arizona, Chicago, Florida, NYC, Northern California, Seattle, Southern California, Texas)

  2. I’m only 19 and have a little over $20,000 in my chase checking account (and 2 credit cards) yet when I called today they said “thanks for being a chase private client” and my call was directed to the CPC line. I asked to double check and she told me, yes I’m a CPC. How is that possible?

    • Christine Krzyszton · May 18, 2019 · Reply

      Hi Marc. It’s possible it is a mistake or your account may be linked to another Chase Private Client account.

  3. patricia · June 18, 2019 · Reply

    As a chase private client member. i have a chase private client visa debit. Does it qualify for the damage loss waiver insurance when i rent a vehicle in Jamaica?

    • Katie Seemann · June 19, 2019 · Reply

      Hi Patricia,
      No, your Chase Private Client Visa debit card won’t cover you when renting a car in
      Jamaica. I would suggest using a credit card like the Chase Sapphire Preferred or Chase Sapphire Reserve instead.

  4. Karthik Chawala · August 4, 2019 · Reply

    Is it worth enrolling into the CPC service based on the benefits it offers? And are there other banks that are providing services like this and are competitive to CPC?

    • Katie Seemann · August 5, 2019 · Reply

      Hi Karthik,
      It can’t hurt to enroll in Chase Private Client if you are eligible since it’s a free service. Many other banks also offer a similar program (Citigold from Citibank or Bank of America’s Preferred Rewards Platinum or Platinum Honors programs are a couple), so it can’t hurt to evaluate them before you choose which one to go with. Thanks for reading!

  5. Morgan · August 7, 2019 · Reply

    A caution – I recently upgraded my Chase account to a Private Client account. Have had negative experiences thus far.

    Example – I wanted to invest the cash in a money market fund for the near term. I have a professional background in institutional investing and told the financial advisor this and he sent me forms to open a brokerage account. Once the account was open I tried to buy the fund I selected, showed up on the system but said I couldn’t buy it. This happened with 3-4 other funds in the sector. Asked the advisor about it and he said the only fund available in this sector is a JPMorgan fund (their affiliate/parent). The recent performance on that fund was around 50 bp below that of my first choice fund, very significant for a money market fund. Only when I pressed the point as to why would the system show the fund if you can’t transact in it did I learn I could buy it, not in the full service/full fee brokerage account, but in a YouInvest discount fee account. So I opened a YouInvest account and moved the funds there. But my takeaway was to be cautious and alert with this advisor and the account.

    Also, I find the customer service to be poor. When I call or send emails it almost always requires follow up to get an answer. Don’t know if this is the standard level of service or perhaps because I moved the money from the full fee brokerage account, but they still have my money. Not what I would expect from a private banking account. I would also note that before opening the account I received numerous solicitation calls and emails from Chase to open a private banking account on a regular basis.

    • Hi Morgan,

      Thanks for sharing your experience. I have the same concern and plan to join CPC. A quick question I have is – when you move the money to Youinvest account, does the money that was moved still count toward your CPC 250K balance requirement?

      Thanks, Harry

      • Stephen Au · August 31, 2019 · Reply

        Hi Harry,

        Yes, since Youinvest is an investment account with Chase and investment accounts count towards the Chase Private Client $250,000 balance requirement, you should be fine. However, it may be worthwhile to double check with Chase directly.

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