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Personal Finance (Not Investing) • Simplification for banking and credit cards: Chase/JPM or BoA/Merrill, or keep Amex?

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I would consider Chase + JPM because you can use their self-directed account to access money market funds without any fees.

I have the Chase Sapphire Reserve and use First Republic which is moving over to Chase and am satisfied thus far.
BoA also offers a self-direct Merrill Edge (ME) account with access to excellent money market funds without any fees.

If going for cash back, the BoA CCs with the 75% boost to cash back for Platinum Honors ($100k+ assets with BoA/ME) tier Preferred Rewards members is tough to beat. Using 2+ CCs you can effectively get 2.625%, 3.50% or 5.25% cash back on all your purchases depending on catagory (2.625% would be the floor).
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Statistics: Posted by cowbman — Thu Apr 11, 2024 12:29 am — Replies 18 — Views 2013



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