- Jun 22, 2004
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Is anybody doing this? Is it a good deal?
https://thepointsguy.com/news/60k-chase-sapphire-banking-available-online/
https://thepointsguy.com/news/60k-chase-sapphire-banking-available-online/
Having dealt with Chase in the past, I wouldn't do business with them if they were selling 20 bills for 10 bucks.Is anybody doing this? Is it a good deal?
https://thepointsguy.com/news/60k-chase-sapphire-banking-available-online/
locking up 75$k with a %0.01 interest rate is gross
but then again, it's only for 45 days
I don't think it is a good deal because:
1. You get 60K UR points or about $600 cash value (1% cash out rate at Chase).
2. You have to keep $75K USD at Chase for 90 days or about 3 months.
3. If you keep those $75K USD in several high paying reward checking accounts that are paying 4% or more currently, you would get about $750 for 3 months.
4. $750>>>>$600.
All numbers are rounded up and estimated. If it was for 100K UR points like the CSR CC did a few months ago, then I would consider the offer.
3. If you keep those $75K USD in several high paying reward checking accounts that are paying 4% or more currently, you would get about $750 for 3 months.
Since UR points are worth 50% more for travel, assuming I'm planning a trip, wouldn't those points be worth $900 to me?
Where are these high reward checking accounts that allow $75K @ 4% - generally there capped at $2-5K max.
I use ally - paying 2.1% on liquid CD's with no limit.