Earn 60,000 Chase Ultimate Rewards Points With NO Hard Credit Pull and NO Credit Card Application

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Earn 60,000 Chase Ultimate Rewards Points With NO Hard Credit Pull and NO Credit Card Application

Joseph HostetlerEarn 60,000 Chase Ultimate Rewards Points With NO Hard Credit Pull and NO Credit Card ApplicationMillion Mile Secrets Team

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You probably already know that you can get BIG Travel with 60,000 Chase Ultimate Rewards points.  That’s enough for a round-trip coach flight to Europe.  Or 2 nights at the Park Hyatt Zurich, which can cost ~$600 per night!

But did you know you could earn a 60,000 point bonus WITHOUT opening a credit card?

Chase will give Chase Freedom or Chase Sapphire cardholders 60,000 bonus points for opening a Chase Sapphire bank account.  But it’s not for everyone.

The Park Hyatt Zurich Costs 30,000 Hyatt Points per Night

There’s a big requirement to earning this bonus.  After opening the bank account, you’ll need to deposit $75,000 in new assets and keep that balance for at least 90 days.  If you can do that, you should take advantage of this deal!

Here are more details:

  • Chase Freedom or Sapphire cardholders can upgrade (or open a new account) their existing Chase account to a Chase Sapphire Banking account and receive 60,000 Chase Ultimate Rewards points
  • Your Chase Freedom or Sapphire card must be in good standing
  • You must transfer $75,000 in qualifying new money or securities (checking, savings, investment accounts) into the account within 45 days, and keep it there for 90 days
  • You can NOT fund your bank account with a credit card in branch
  • Chase will claw back the bonus points if you close your account within 6 months
  • You’ll be charged $25 every month your account is below $75,000
  • NOT available to existing Chase Sapphire Banking or Chase Private Client customers
  • Deal expires on January 11, 2019

You’ll get your points within 45 days of qualifying for this offer.  Note that the terms say you can only receive 1 Sapphire Checking, Chase Private Client Checking or You Invest bonus every 12 months.  Additionally, it seems that Chase will value these points at 1 cent each come tax season, per The Points Guy.

This deal has been available through Chase branches nationwide, but now it’s available online.  So it’s easier than ever to take advantage of this bonus!

You can check out the full details of the offer here.  And let us know if you get in on it!

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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

More Info

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Does anyone know if Chase Freedom Unlimited cardholders also are eligible for this offer?

Sorry – I now see the “shop around” idea was already covered.

The last time I checked Chase had horribly low interest rates (it was literally 0.01%, or 10 cents per year for every $1,000 of balance), though it may have gone up since then. If you are going to tie $75K up for at least 6 months anyway (to prevent the clawback), see if a 12-month CD at another bank makes more sense. That is currently the sweet spot for high returns and shorter terms.
The last time I checked it was 2.5% or more, earning you $1,875 cash in a year. For many people that is a much better outcome than 60k points in 6 months.

Many online banks are paying 2% interest. It appears that Chase only pays .01% interest. $1500 in interest appears to be a better deal than 60k points. Or am I missing something?

Hi Charli — it depends how you value you the points. For example, it’s possible to get $2,000+ worth of travel with 60,000 Chase Ultimate Rewards points. And if you already collect Chase Ultimate Rewards points, a 60,000-point boost could make a bigger and better award booking possible.

Will this allow customers to avoid the 5/24 restrictions, like Chase private client does?

Unfortunately, Chase Private Client status no longer allows you to bypass the 5/24 rule, so I don’t think a Sapphire banking account would do it either.

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