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Hi All, I have 3.5 yrs of experience in Product Management and I'm interviewing at JP Morgan chase for Senior Product Manager role and Product Manager role, for Seattle Location. What kind of salary range should I give for each role when the recruiter pops up this question? JPMorgan Chase
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Chief
No reason for platinum, I have chase sapphire preferred and an Amex platinum (I’m military so the fee is waived) and can tell you that unless you’re traveling weekly there’s no reason to get the Amex. I’ll cancel it if they ever start charging me.
Do the math:
How much is each point worth?
How much will you spend?
How many points will you earn?
Is the value of those points > the fee?
Are there any other perks?
What’s the value of those perks, to the extent they can be quantified?
Also worth noting that the CSR includes something like a $300 travel credit, so the fee nets out to like $250 after that. CSR will make sense for most people at that point.
Rising Star
I plan to upgrade when travel starts again. But god knows when that will be.
Well the first year sign-up points gets you $1100 in dollar value. So even though you’re paying $700… you’re making money the first year. Cancel after if not useful
I have a plat and do agree with IBA1, it’s very travel centric. When I was at the client site pre-Covid, it was awesome, I was using it for the hotel stays and racking up 5x points and using the centurion lounge all the time, but once travel started slowing down it’s benefits started diminishing.
They added a bunch of other benefits lately (streaming credit, Walmart+) which I definitely use, but it’s still not really enough to offset the core cost itself.
One thing to note is that it’s actually helping my credit score when I use it instead of my regular credit cards (because it’s not a credit card at all, it’s a charge card, so the “credit utilization” isn’t affected).
After travel dried up, I started using my Capital One more heavily and that increased my credit utilization (even though I’m paying off the statement balance in full every month) and it started dinging my credit score… so I’ve actually gone back to using the plat for almost everything now… although to be honest I should really downgrade to the gold or green to save on the annual fee.
https://www.cnbc.com/select/how-do-charge-cards-affect-your-credit-score/
Rising Star
CSR is ultra valuable especially if you pool points with other chase cards to max out different bonus categories, and then get the 50% boost in value from the CSR. If i ever start traveling again I’ll upgrade my preferred back to the reserve.
Chief
I will never understand paying someone for the right to charge me interest
A1 is correct, paying in full every month is the only way to go. Even when it’s 0% for a promo period, it’s just setting people up for bad habits once the interest is back to > 20%.
The annual fees are really for the “benefits”.
E.g. % cashback, points or discounts on services, which generally exceed the annual fees, depending on the individual and what they spend.