Earn $750 With a Chase Sapphire Banking Upgrade – NO Hard Credit Pull and NO Credit Card Application (Targeted)!

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Here’s a great way to earn LOTS of cash without opening a credit card!

Similar to the Chase Sapphire bank account bonus we let y’all know about last week, Chase is offering some existing Chase deposit account holders a $750 bonus for upgrading to a Chase Sapphire Banking account.

Here’s what you need to know in order to see if this deal makes sense for you.

There’s Nothing Like the Gift of Cash

If you’re targeted, you can earn a $750 bonus for upgrading your existing Chase deposit account to a Chase Sapphire Banking account.  After upgrading, you’ll need to deposit $75,000 in new assets and keep that balance for at least 90 days to earn the bonus.

If you can do that and you’ve been targeted, this offer is certainly worth it!

Here are the requirements:

  • Existing Chase deposit account holders can upgrade their account to a Chase Sapphire Banking account and receive a $750 bonus
  • 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 can take back the bonus if you close your account within 6 months
  • You’ll be charged a $25 fee each month if your account balance is below $75,000
  • NOT available to existing Chase Sapphire Banking or Chase Private Client customers

After completing all of the above requirements your $750 bonus will be deposited into your account within 10 business days.  But note that the terms say you can only receive 1 Sapphire Checking, Chase Private Client Checking or You Invest bonus every 12 months.  And the bonus is considered interest income and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).

There’s no direct link to the offer.  So check your snail mail or e-mail for the subject line “Enjoy $750 with Sapphire℠ Banking.”

What would you do with $750?  I’m thinking a flight to Hawaii this winter sounds pretty nice. 😉

Meghan Hunter is a contributor to Million Mile Secrets, he covers topics on points and miles, credit cards, airlines, hotels, and general travel.

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! :)

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Emily Lee
1 year ago


1 year ago

Do you people all just copy doctor of credit?

1 year ago

Fairly complicated game to win $750. By putting in $75000 for 3 months and $25000 for eatra months you lose about $400 in interest compared to various high yield savings account, and discover/capital one have account opening bonus $200-500 available to everyone… For the chase thing you will have to monitor your money flow a few times and might close account after 6 months… I just don’t see the point of doing this…

Andrew W
Reply to  Rick
1 year ago

Agreed, it’s not for everyone. But besides having just $75k in liquid funds, you could also consider transferring retirement accounts to chase. For me, it’s the easier target to hit, as opposed to trying to save up $75k in a checking account.

For instance, if you had a 401k from an old employer, you could transfer it to Chase in a rollover IRA and have it count toward the $75k balance. Same with IRAs.

Reply to  Andrew W
1 year ago

Yes…but… retirement investment accounts don’t count toward the $75K bonus. From the T&Cs for this offer:

Within 45 calendar days, transfer a total of $75,000 or more in qualifying new money
or securities to a combination of eligible checking, savings and/or J.P. Morgan
investment accounts (excluding insurance products; fixed and variable annuities; 529
College Savings Plans; any retirement accounts including but not limited to Traditional
and Roth IRAs, Keogh, Simple IRAs, and 401(k) Plans). The qualifying new money
cannot be funds or securities held by Chase or its affiliates.

Andrew W
Reply to  Duane
1 year ago

Hi Duane,

Great catch, looks like you’re right about that.

The fine print appears to be slightly different than the $75k balance requirement to avoid a monthly fee with their Sapphire banking product.

The Sapphire checking fine print doesn’t seem to specifically exclude Roth IRAs or Rollover IRAs. But for this bonus, it looks like it might.

Thanks for pointing this out!