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

Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Here’s our full Advertising Policy.

Update: One or more card offers in this post are no longer available. Check our Hot Deals for the latest offers.

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!

Joseph Hostetler is a full-time writer for Million Mile Secrets, covering miles and points tips and tricks, as well as helpful travel-related news and deals.

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

Join the Discussion!

Notify of
Inline Feedbacks
View all comments
1 year ago

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

1 year ago

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

1 year ago

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.

charli G
1 year ago

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?

Reply to  charli G
1 year ago

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.

Cory Z
1 year ago

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

Reply to  Cory Z
1 year ago

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.

Lane Wood
1 year ago

Do you have to have a chase bank in your state to qualify?

Reply to  Lane Wood
1 year ago

Hi Lane – I don’t think that’s a requirement based on my read of the terms & conditions.

1 year ago


I’ve got a Chase account, if I take the money from that (and close it) and move it all to a joint account with my wife as the main person on the new account, would I still qualify?

Reply to  Chase
1 year ago

Hi Chase – it might work if you convert your wife’s account to a Sapphire designated bank account and add $75,000 of new assets to the account. I’d recommend checking with a banker at a local branch to see what they say.