The financial brand hopes to court wealthy millennial clients with upgrades to its premiere credit card, Sapphire, offering points that translate into savings and exclusive lounge access

JP Morgan recently announced an additional perk for its Chase Sapphire rewards program: new Sapphire customers can earn 60,000 points (around $900 redeemed) for signing up for a bank account.

While the offer requires customers to keep $75,000 in deposits or investments in the account for three months, it includes additional benefits such as unlimited free trades on the bank's new brokerage app and access to an exclusive Chase lounge that has boasted concerts by artists like Maroon 5 and Drake.

Chase hopes that this initiative will help it focus on courting long-term millennial customers, whose wealth will grow. This point offering for Sapphire clients will begin in October of 2018.

Chase Sapphire


Lead image: Chase via Facebook

JP Morgan recently announced an additional perk for its Chase Sapphire rewards program: new Sapphire customers can earn 60,000 points (around $900 redeemed) for signing up for a bank account.

While the offer requires customers to keep $75,000 in deposits or investments in the account for three months, it includes additional benefits such as unlimited free trades on the bank's new brokerage app and access to an exclusive Chase lounge that has boasted concerts by artists like Maroon 5 and Drake.