This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Chase Customers Earn $87 Million In Mortgage Rewards

Chase today announced that more than 368,000 customers received $87 million since the company launched its Mortgage Cash Back SM program four years ago. The company will distribute $4 million in December for customers with loan anniversaries occurring in the month, just in time for the holidays. Chase has paid out $37 million in program incentives in 2013.

“We want our customers to know how much we value their business,” said Kevin Watters, Chief Executive Officer of Chase Mortgage Banking. “That's why our Mortgage Cash Back program rewards customers who have both their mortgage and checking accounts with us.”

Chase’s Mortgage Cash BackSM rewards program allows customers with a new or refinanced mortgage – and a personal checking account – to earn up to $500 annually.

Mortgage payments are automatically deducted from a Chase personal checking account and on the anniversary of their loan each year, customers can cash out or pay down the principal on their mortgages to save even more. By choosing the pay down option, customers receive an additional savings in interest, which could lead to paying off their mortgage early. Customers can change their payout preference at any time online.

Chase estimates that a family with a mortgage of about $250,000 and monthly payments of $1,700 would save about $9,162 over the life of the program under today’s interest rates, if they choose the principal pay down option. Customers can find out how much they can save with Chase’s Cash Back Calculator.

Within 60 days of closing, customers complete enrollment in Chase’s automatic mortgage payment service with their Chase personal checking account. On every loan anniversary, customers receive the reward as a direct deposit into their checking account or applied against their mortgage principal.

About Chase

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $91.94 -1.40%
FB $118.95 0.97%
GOOG $707.76 0.90%
TSLA $214.88 1.60%
YHOO $37.10 0.43%


Chart of I:DJI
DOW 17,680.37 +19.66 0.11%
S&P 500 2,050.19 -0.44 -0.02%
NASDAQ 4,710.1590 -6.9350 -0.15%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs