NEW YORK—The price of playing in the credit card rewards space continues to climb. The latest to up the ante for a card rewards program is JPMorgan Chase.
Credit card customers who open a new Chase Sapphire bank account are eligible for a 60,000-point sign-on bonus, according to the bank.
“That's worth up to $900 when redeemed for travel through the bank's Ultimate Rewards portal. The catch: Users have to bring at least $75,000 in deposits or investments and keep it at the bank for at least three months. JPMorgan, the biggest U.S. bank, is hoping that the halo from its successful Sapphire credit cards will extend to its new bank account,” CNBC said.