Chase Private Client and JP Morgan Private Banking are the banking versions of elite status.
Chase Private Client is officially intended for people with $250K in assets with Chase, but there are other ways to obtain private client status. If you have an existing relationship with a Chase banker they can give you private client status regardless of whether you have any significant assets with Chase. Some bankers claim there is a minimum, but they have the ability to make anyone Private Client if they want to. You may also have luck by promising to move funds to Chase in the future or by moving a business account to Chase. If you have any immediate family with a Private client account you can also get upgraded to Private Client status. If you are added as a joint user on an account (even a safety deposit box) of a Private Client you can also get Private Client status.
JP Morgan Private Banking is intended for people with $10MM in assets with Chase, but there are also easier ways to obtain that status as well, including knowing a Private Banker or working at certain institutions. It offers access to unique credit cards like the JP Morgan Reserve card. That card is essentially a Sapphire Reserve but it also offers a United Club membership, doesn’t have any late fees, doesn’t report spending on your credit report, and it’s made out of a heavier metal.
Being a Private Client can help you get approved for Chase cards if you are over 5/24.
Private Client also waives fees on bank accounts, wire transfers, ATM fees+refunds at other bank’s ATMs, safety deposit boxes, checks, cashier’s checks, money orders, foreign exchange fees on debit usage and withdrawals abroad, and more.
Private Clients also have higher ATM withdrawal limits, higher mobile deposit limits, and higher QuickPay limits.
Finally, Chase Private Clients can also request a Chase Private Client Arts & Culture Card. It’s linked to a specific region and the physical card will only specify the museums in that region, but the card will be accepted nationwide.
I was able to get Private Client status earlier this year and it helped me get approved for a Chase Sapphire Reserve card after applying online and calling reconsideration, despite being over 5/24.
I got a NYC based Private Client Arts & Culture Card, but had no problem using it at the awesome Exploratorium when I took Rafi to San Francisco earlier this year. We both had a great time there and thanks to Chase I saved the $30/person admission fee:
Below is a full list of institution nationwide that offer benefits for Chase Private Client Arts & Culture Cardholders. In addition to the benefits listed below, most places also offer discounts at gift shops and dining facilities.
-American Museum of Natural History: Complimentary general admission for cardholder and three guests.
-Brooklyn Children’s Museum: Complimentary admission for cardholder and spouse and kids.
-Solomon R. Guggenheim Museum: Complimentary admission for cardholder and one guest.
-The New Museum: Complimentary admission for cardholder and three guests.
-The New York Botanical Garden: Complimentary admission for cardholder and one guest to grounds and three seasons of exhibitions.
-Liberty Science Center: Complimentary admission for cardholder and two guests
New for 2017:
-Intrepid Sea, Air & Space Museum: Complimentary admission for cardholder and two guests.
View all of the free museums in other cities after the jump: