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

Chase Private Client
60

We may be compensated when you click on links from one or more of our advertising partners. Opinions and recommendations are ours alone. See our Advertiser Disclosure for more details.

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 Credit: 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 bonus when you join Chase Private Client and meet specific qualifications.
  • Fewer fews
  • Available in certain states
  • Relationship-driven banking

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. 

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 Credit: 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 (through June 30, 2021)
  • 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 $150,000 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 $150,000 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.


The information regarding the Chase Private Client was independently collected by Upgraded Points and was not provided nor reviewed by the issuer. 


Frequently asked questions

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 $150,000 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!)

Travel prices are about to surge from pent-up demand.

Use this points strategy to lock in pennies-on-the-dollar pricing in 2021, all without being a frequent flyer...

How do I only pay $30 to go to Hawaii, $200 for business class to Asia or just $150 to Europe?

Discover the real-life strategies that anyone can use to enjoy limitless travel (even on a limited budget!)

Just sign up below and I’ll send you the Limitless Travel Playbook instantly:

We respect your privacy. Please view our privacy policy here.

Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.

60 comments

  1. Barbara Udell February 22, 2019

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

    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)

      Reply

    • Waifung Sit March 1, 2020

      Who is your CPC agent? I spoke to mine today and they said the 5/24 is a hard rule. Help?

      Reply

      • Chase changed the 5/24 CPC exceptions over a year ago. The only exceptions are for Private Banking.

        Reply

  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?

    Reply

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

      Reply

    • Do your parents have CPC?

      Reply

    • I am a current CPC and my assigned banker has not contacted me for over 1 year. I signed up with an account over the minimum. They were not clear and did not enforce the minimum and my accounts were grandfathered in from their mergers. So far I have had a negative experience with Chase. I am in process of changing banks after being with them for over 20years. The new chase bank doesn’t care about all its customers just specific ones.

      Reply

  3. 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?

    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.

      Reply

  4. Karthik Chawala August 4, 2019

    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?

    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!

      Reply

  5. 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.

    Reply

    • 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

      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.

        Reply

    • Interesting you posted something similar on another website on the same day, but a different name.

      Reply

    • @Morgan

      If you have the JPMorgan Investors account, everything is done through your advisor. All the products are JPMorgan Chase because they make very high commissions and fees off those products. With Chase You Invest, you can buy far more financial products for low or nothing in fees. Also with an Investors account you have to pay 1.25% annually as a maintenance fee. That is in addition to loads on mutual funds, etc. For that fee, you are supposed to get comprehensive advice. My proposal meeting was like one step above buying a timeshare. It was a real hard sell for Chase products. I walked out of the meeting. They were pushing annuities and sub-standard Chase mutual funds. I have 3 accounts: Schwab, Vanguard, and Fidelity. It was shocking and very demoralizing to be talked down to like I am stupid when it comes to investing. Ran as far away as you can from JPMorgan Chase Investors! They have so many fines against them for illegal practices. That says more about Chase than anything I can say!

      Reply

  6. Daniel W Barker October 18, 2019

    Does the $100,000 balance on my Chase Mortgage count toward the $250,000 requirement?

    Reply

    • If you have an outstanding balance of $100,000 on a Chase mortgage, then no. It will not count, as the loan balance is a liability and not an asset. Thanks for reading.

      Reply

    • You owe chase money to have a loan….. $250k is asset.

      Reply

  7. JAMES FORMILLER October 25, 2019

    I have $200,000 in Chase & JP Morgan Youinvest account. I have a family LLC account that has $280,000 in a Chase business checking account. If I am 25% owner of the LLC do I get credited $70,000 toward a Chase Private Client status? Thanks

    Reply

  8. I am a CPC with over 250K balance in a Chase Investment account. Would I lose my status if I move $150K out of Chase?

    I also have an existing mortgage with Chase which has a preferred discount due to the then CPC status. Can that rate be readjusted if I lose my CPC status?

    Thanks

    Reply

    • Hi Mike,

      In order to continue qualifying for Chase Private Client, you need to maintain a daily average of $250,000 in Chase investments and accounts. So if you move $150k out, it is likely you will lose your CPC status.

      I cannot speak to whether or not it is possible for them to adjust your mortgage rate. I would speak with your banker directly for an answer to that.

      Reply

    • It used to be that once you opened the account, you can take out any amount you want with no fee or penalty. There was a change in Nov 2020, now you need to maintain a 150k daily average, otherwise, there’s a $30 monthly fee. You won’t lose the status once the account is open, and they can’t change the fixed mortgage rate once the loan is closed.

      Reply

  9. So what does happen if I lose Chase Private Client status after the balance falls below $250K. Will Chase downgrade mine into a Sapphire account if the balance falls between 75K and 250K or regular account if it falls below 75K? Or they keep me under private client status and charge any fee?

    Reply

    • Hi Justin,

      Per the Chase website, they state that “Chase Private Client is available to individuals who maintain an average daily balance of $250,000 or more in any combination of qualifying identified deposits and investments. If total balances in qualifying deposits and investments do not meet the Chase Private Client requirements, Chase may contact you to help determine an alternate Chase product.”

      So, it sounds like the account will definitely be downgraded, but they do not specify what type of account it will be downgraded to. I imagine that will depend largely on the number of remaining funds in the account.

      Reply

  10. Does it strictly mean you need to have 250K or more in liquid funds? or if you have Cash, a Mortgage and Credit Cards combined to be more than 250K.

    Reply

    • Hi Bruce,

      It strictly refers to the amount you have in any chase banking account (savings or checking), and investment accounts. Mortgages or credit lines from your credit cards do not count.

      Reply

  11. William Cusack April 14, 2020

    Please correct me if I’m wrong.
    There a no credit card benefits associated with CPC.

    Reply

  12. Would retirement investments count towards the CPC $250k minimum investment if I chose to rollover my retirement accounts to Chase?

    Reply

    • Hi Jo-Anne,

      Yes, retirement investments should count towards the minimum investment amount.

      Thanks for reading!

      Reply

      • Unfortunately, this isn’t the case. Retirement investment accounts that you could rollover (such as IRA’s and 401K’s) do not count to the 250K minimum.

        This has been confirmed by reports, and is currently listed in the terms at the bottom of chaseprivateclient.chase.com :

        “Qualifying personal and business deposit accounts you own include this account and up to 9 Chase Private Client Checking accounts, Chase High School CheckingSM accounts, Chase personal savings accounts (excluding Chase Premier SavingsSM), Chase Liquid Cards, CDs, Chase business checking and savings accounts (balances in attorney trust accounts, client fund trust accounts, and Government or Non-Profit accounts do not qualify), or certain investment management fiduciary and custody accounts, certain Chase Retirement CDs, or certain Chase Retirement Money Market accounts.

        Balances in 529 plans and certain retirement plan investment accounts do not qualify.”

        Reply

      • IRA and 401K Rollovers most definitely count towards Chase Private Client. It definitely qualified me. But after my experiences, I suggest you go elsewhere. Schwab, Fidelity and Vanguard all have excellent funds and programs that are far better than Chase Money-Grab Private Client!

        Reply

  13. Will Chase count your property equity towards the 250,000 to qualify for CPC? (Example: Value 500k – 300 loan = Equity 200k)

    Reply

    • Hi Nathan,

      Unfortunately, home equity will not be counted towards the $250,000 needed to qualify for CPC, only personal or business deposits and investments are counted.

      Thanks for reading!

      Reply

  14. Any suggestions on which private client account to choose from? Chase Private Client vs. Citigold vs. BoA Preferred Platinum accounts?

    Reply

    • Hi KC,

      It really all depends on how much you value the banking benefits from each. But purely based on credit card benefits, I think BoA takes the cake. The 75% Platinum Honors bonus on cards like the Premium Rewards and Cash Rewards cards can be very beneficial. BoA also has the lowest capital requirement of all three banks, so that’s something to keep in mind as well.

      Thanks for reading!

      Reply

  15. William Heming June 19, 2020

    Will Chase Private client offer a securities backed LOC?

    Reply

    • Hi William,

      The Chase Private Client website does not appear to offer an answer to that. I recommend you contact them directly for the answer to that question. The CPC line is 1-888-994-5626.

      Thanks for reading!

      Reply

    • yes. my agent offered me this.

      Reply

  16. DIANE CADY June 29, 2020

    I have been a Chase member for many years. I have always felt respected and well treated. And I have treated Chase well. A month ago, a man I did not know came onto my computer picture and started talking about his sale of new contracts for seniors. I listened for a minute and knew it was not good.
    As I pulled out I became aware that a Chase person pulled my ability to do anything. It was permanent.
    My view was blank. Nothing. And for a month of trying to be able to get into my Chase account, I have not been allowed to get into my Chase account. I have, with my daughter, gone to the nearest Chase office for an appointment with a Chase executive who gave us 3 phone numbers.
    The situation has not changed. I am 86 years old.

    Reply

    • You may have been scammed by someone posing as a Chase representative. Your Chase login and password is possibly compromised. Scams with Senior citizens are common because one can click on a link that can download spyware or give control of the laptop to the scammer.

      Never let anyone access your computer. If you are a Senior citizen, never talk to an unknown person alone without a family member or friend with high analytical skills present.

      Reply

    • Go to the Chase branch, withdraw all the funds and close this Chase account. Cancel your Debit card as well.

      You can open a new Chase account and get a different Login and Password.

      Buy a new laptop for $500. Your current laptop is compromised.

      If you are bored, please develop a hobby but never talk to strangers.

      Reply

  17. The minimum is now only $150,000 instead of $250,000.

    Reply

  18. Palayam sundaram January 28, 2021

    Do the balances on a guardianship account count towards the required CPC balance?

    Reply

    • Hi Palayam,

      The Chase website does not appear to clarify that. If you are interested in requesting a meeting to go over your qualifications to become a Chase Private Client, submit this form online.

      Reply

  19. Kelly Janes January 29, 2021

    I am refinancing my current mortgage with Chase. Does being a CPC offer any benefits for me? Are there any fees that should be waived since I am a CPC?

    Reply

  20. Sheldon Gertel March 13, 2021

    I have been a Chase customer for many years. I have over $150,000 in a business account with Chase and $250,000 in an online account. I am wondering if I can be a Chase private client while having a business account instead of a personal account. I do not want to have to change account numbers. Please advise.

    Reply

    • Hi Sheldon,

      You should be eligible for the Chase Private Client Program, but you likely will be required to open a Chase Private Client Checking account. That said, you should be fine to keep your other accounts open without needing to change account numbers. For more information regarding this, I recommend you contact Chase directly and speak with a Private Client banker.

      Reply

  21. Chase called me about CPC, but I only have a balance of around $130k. Why call me if the minimum is 150?
    Also, none of the benefits of CPC are compelling to me, should I still sign up, or simply keep my “regular” chase banking accounts?

    Reply

    • Hi CJ,

      I cannot say as to why Chase might have contacted you about that. Perhaps it was to incentivize you to deposit more money with them in order to be eligible for CPC?

      If none of the benefits are very compelling to you then there isn’t a big need to upgrade to it. That said, you could always speak to a Chase Private Client Banker to see if there is anything they can offer that might make it worth your while.

      Reply

    • Don’t open a Chase Private Client account. Run as far away as you from Chase Investments. Everything they sell has very high fees, for things that you can get from other investment companies for free. Try Charles Schwab.

      Reply

  22. Chase Private Client is not “by invitation only”. Anyone that has the assets, can open an account. Retirement accounts DO count for the $150K minimum assets. I know as I just went to my 2nd meeting and I was not impressed with Chase Private Client. I just retired and easily surpass the minimums, with multiple investment accounts. The Chase Financial Advisor assigned to my local office was way more concerned about making sales and commissions than my best interests. He wanted to liquidate all my holdings and put half in a Chase mutual fund that averages 3.5% annually for the last 5 years. The other half, he wanted me to purchase an annuity. Keep in mind that all of my funds are in retirement accounts. My spouse has poor health, no way would I buy an annuity. I walked out of the meeting. The whole time, I felt that the investment advisor was talking down to me. It is insulting that Chase wants people to pay 1.25% annually on all of their holdings for such pitiful investment advice. All the “extra benefits” are fluff and can be easily duplicated for less cost. Charles Schwab offers better benefits for far less cost.

    Chase Private Client is a scam to get people’s IRAs and 401Ks and make them pay fees out the yazoo for substandard investments. Don’t do it.

    Reply

    • DrVinayaS June 11, 2021

      You are wasting your time on this forum trying to bring down Chase. It sounds like you had one bad meeting with an advisor that was trying to make sure you understood his plan. If you don’t like what he has to pitch, he has hundreds of other viable scenarios for you. It’s based on what is best for YOU. They explained to me and my spouse, they need to learn as much as possible about us to give the best advice, and we have received impressive returns on our investments. It sounds like you walked into the meeting with a negative outlook, and that’s what you got out of it.

      Reply

  23. Anonymous May 1, 2021

    Chase considered balances in Jpmorgan investment accounts up till the change this year. Now they no longer do. I have about $850,000 in investment accounts at JPMorgan and for many years qualified as a private client account. I am also a JPMorgan employee.

    Since the new changes, I no longer qualify to be a chase private client because I do not hold $150,000 in my chase account.

    I find it absurd that chase and JPMorgan, that is one firm, are making this distinction. This change means that, as a non private client account, I would be charged a $40.00 wiring fee each time I send funds internationally. I send funds several times a year to my family. Do I have to transfer money to chase to complicate my life to qualify?

    Reply

Any thoughts or questions? Comment below!

Advertiser Disclosure

Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves. This site does not include all credit card companies or all available credit card offers that are on the market. Click here to see a list of advertisers that we work with.