Any experience transferring a whole brokerage account from Vanguard to Chase?

Apple GtCI06
Jan 15 23 Comments

Keeping it classy here.

I want to get that 60k sapphire points bonus from chase and need to move $75k in. I’d hate to just park cash there at a crappy interest, so I though I would just move my Vanguard brokerage account, but never heard of anybody doing that before.

Have you done it? Was it easy?

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TOP 23 Comments
  • Amazon / Eng tenders
    Chase funds has higher expense ratios than vanguard funds. Not worth doing.
    Jan 15 0
  • New DuQvV7x
    60k points is $600

    Do the math and see if it’s worth it to you.
    Jan 15 10
    • Facebook tGTv63
      Ehh still not worth the hassle though
      Jan 15
    • Clover Health / Eng doenfh
      Am I missing something?
      Jan 15
    • Apple GtCI06
      OP
      You’re definitely missing something
      Jan 15
    • Clover Health / Eng doenfh
      Holy shit. Thanks for sharing. I need to make a call right away.
      Jan 15
    • Amazon TCSlave
      Nop, you have a chase sapphire preferred, with a 25% bonus. The sapphire reserve has a 50% bonus on flight redemption. Still worth it because you have 450 annual fee but 300$ travel credit and priority pass plus better earning.
      Jan 15
  • Apple GtCI06
    OP
    How much higher? Those sapphire points are juicy
    Jan 15 2
    • Amazon / Eng tenders
      Compare the target date funds, chase charges 1.27% while vanguard charges 0.15%
      Jan 15
    • Apple GtCI06
      OP
      Sounds bad. Is this yearly?
      Jan 15
  • Capital One fity scent
    I wouldn’t bother with this. That is a terrible reward for $75k in deposits and it will almost definitely be upped later in the year. They do promotions where they give 100k rewards points just for signing up to Chase Sapphire credit card and spending $3k. This isn’t worth the hassle.
    Jan 15 4
    • Amazon TCSlave
      The 100k offer is long gone and will never come back
      Jan 15
    • Apple GtCI06
      OP
      Also, I already have the sapphire reserve. In fact this sapphire checking offer is only for sapphire card customers.
      Jan 15
    • Capital One you wrong
      Then close it out and get an AmEx card for their bonus
      Jan 15
    • Amazon TCSlave
      Never close, downgrade to a no fee freedom or freedom unlimited. Don't listen to capital one. Apparently he doesn't understand credit cards. Which doesn't surprise me coming from Capital One huehuehue
      Jan 15
  • Amazon TCSlave
    It's worth it if you're transferring etfs suchs as VTI and park them over there for 6 months.

    I am considering doing it myself as 60k points is worth way more than 600$, unlike what someone said above.

    Amongst all the brokerage transfer bonus out there this is one of the best.

    However there is a 75$ fee when transferring out assets of the account that are not cash.
    Jan 15 2
    • Capital One fity scent
      How is it worth way more? It’s $0.01 per point if you get cash back and points are worth 1.5x if you buy from Chase Rewards site. So anywhere from $600-900 is fairly accurate.
      Jan 15
    • Amazon TCSlave
      Travel partners my dear. Nobody does cashback and I rarely use them to book in the ur portal
      Jan 15

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