The J.P. Morgan Reserve Card is a unique, high-end, invite-only credit card without any exclusive benefits
The , now known as the J.P. Morgan Reserve Card, is a high-end, invite-only credit card available to Chase private bank customers. Despite its exclusivity, the card itself doesn’t offer any special benefits beyond the novelty of being made out of a rare chemical element, palladium.
The J.P. Morgan Reserve Card, formerly known as the , is a high-end, invite-only credit card available to Chase private bank customers. Despite its exclusivity, the card itself doesn’t offer any special benefits beyond the novelty of being made out of a rare chemical element, palladium.
To get an invitation to the card, cardholders must have a minimum of $10 million in assets managed by J.P. Morgan’s private bank. It is one of the few invitation-only credit cards in the United States. The closest card by comparison is Centurion® Card from American Express, sometimes referred to as the Amex black card.
Though the J.P. Morgan Reserve Card features a set of attractive benefits and features, it acts as more of a status symbol, since many of these benefits can be found on other Chase-issued credit cards. It’s constructed out of brass and palladium — which is how the card got its original name. The J.P. Morgan Reserve Card has a $595 annual fee, which is higher than most cards.
Intro Purchase APR
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Regular Purchase APR
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Intro BT APR
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Regular BT APR
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Annual Fee
$595
Cash Advance Fee
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Foreign Transaction Fee
0%
Balance Transfer Fee
0%
The J.P. Morgan Reserve Card comes with a long list of benefits. As you read down the list, you may notice the benefits are very similar to the Chase Sapphire Reserve®. When you are approved for the J.P. Morgan Reserve Card, you will earn:
All of the points you earn are worth $0.015 when redeemed for travel through the Ultimate Rewards website. You can also trade the points in for cash back, though this will get you just $0.01 per point. However, points are best used for transferring to Chase’s travel partners.
Since the J.P. Morgan Reserve Card is part of Chase Ultimate Rewards®, cardholders are allowed to transfer their points to one of 14 airline and hotel partners. Those looking to optimize can use this method to get even more value out of a single point. You can easily exchange Ultimate Rewards for travel miles and points that are worth $0.02 or more. Here is a full list of the Ultimate Rewards travel partners:
The $300 annual travel credit on the J.P. Morgan Reserve Card is the same benefit offered on the Chase Sapphire Reserve®. The benefit is automatically applied to your account whenever you make a purchase. So the first $300 in travel purchases per cardmember year will be covered by the $300 travel credit.
The J.P. Morgan Reserve Card is a great credit card option for potential cardholders that qualify. But as we noted above, it is a novelty card. Below you’ll see how the J.P. Morgan Reserve Card matches up against its competitors.
| Credit Cards | Annual Fee | Rewards Rate | Welcome Offer | |
|---|---|---|---|---|
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J.P. Morgan Reserve Card
Review Coming Soon
|
$595 | 3X points on travel worldwide immediately after earning your $300 annual travel credit. Plus, 3X points per $1 spent at restaurants and 1 point per $1 on other purchases | N/A | Review Coming Soon |
|
Centurion® Card from American Express
|
$5,000 | N/A | N/A | |
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Chase Sapphire Reserve®
Review Coming Soon
|
$550 | Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases | Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Ultimate Rewards® | Review Coming Soon |
Mastercard® Black Card™
 Apply Now
on Luxury Card's secure site |
$495 ($195 for each Authorized User added to the account) | 2% value for airfare redemptions with no blackout dates or seat restrictions. 1.5% value for cash back redemptions. Earn one point for every one dollar spent. | N/A |
Apply Now
on Luxury Card's secure site |
Verdict: More impressive luxury benefits, but charges a much higher annual fee
The Centurion® Card from American Express, sometimes referred to as the black card, is a far more interesting offer. The card provides a gamut of benefits, including complimentary elite status with IHG, Hilton and Marriott, complimentary Platinum Medallion status with Delta, Centurion lounge access, Priority Pass lounge access (enrollment required) through the Global Lounge Collection and more. These benefits help the Centurion® Card from American Express stand out as a special card. That being said, the Centurion® Card from American Express is a lot more expensive.
The Centurion® Card from American Express has an annual fee of $5,000 and an initiation fee of $10,000. The annual fee is significantly more expensive than what the J.P. Morgan Reserve Card charges. Since these cards target very high net worth individuals, these high fees are to be expected.
Verdict: Nearly identical to the J.P. Morgan Reserve Card, with a much lower annual fee
If you go with the J.P. Morgan Reserve Card you’re simply paying more for exclusivity when you could get all the same benefits with the less exclusive, less expensive Chase Sapphire Reserve® card.
Not only are the J.P. Morgan Reserve Card and the Chase Sapphire Reserve® similar in name, but in benefits as well. Virtually all of the perks you can get on the J.P. Morgan Reserve Card are offered on the Chase Sapphire Reserve®. You earn Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases You earn the same number of points on every purchase and you get the same $300 annual travel credit. Even though the benefits are the same, the annual fees are not. The Chase Sapphire Reserve® charges $550 per year, compared with the $595 on the J.P. Morgan Reserve Card.
The Mastercard® Black Card™ charges $100 less than the J.P. Morgan Reserve Card in annual fees and comes with comparable, if not more impressive benefits. The Mastercard® Black Card™ is a swanky, black PVD-coated metal card with an annual fee of $495 ($195 for each Authorized User added to the account). The card comes with a $100 in annual air travel credit toward flight-related purchases, Global Entry and TSA Precheck application fee credit, Priority Pass Select™ airport lounge membership, access to TCS World Travel private jets and a number of valuable travel and purchase protections.
While these benefits may rival those offered by the J.P. Morgan Reserve Card, unfortunately the Mastercard® Black Card™ only lets cardholders earn 2% value for airfare redemptions with no blackout dates or seat restrictions. 1.5% value for cash back redemptions. Earn one point for every one dollar spent. This is significantly less impressive than the J.P. Morgan Reserve Card‘s bonus category offerings. However, this card also charges a lower annual fee and doesn’t require an invitation to apply. For those seeking the trappings of an exclusive luxury card for an affordable annual fee, the Mastercard® Black Card™ might be worth it.
Even if you can get the J.P. Morgan Reserve Card, we’re not convinced that you should. Other cards like the Chase Sapphire Reserve®, the Centurion® Card from American Express and even The Platinum Card® from American Express charge similar annual fees and offer comparable, if not better benefits. However, if you’re looking for a Chase private client card, this one will certainly afford you bragging rights as well as premium credit card benefits.
In order to get the J.P. Morgan Reserve Card, you must be invited. To get an invitation, you have to be a Chase private bank client and have a minimum of $10 million in assets managed by J.P. Morgan’s private bank.
Unfortunately, J.P. Morgan Reserve Card credit limit information is not available to the public. Only the issuer and card invitee are privy to that information.
JPMorgan Chase is the parent company of Chase, and Chase is JPMorgan’s U.S. consumer and commercial banking business.
JPMCB stands for JPMorgan Chase Bank, which offers a number of available credit cards. Both personal and business credit cards are available, and many of them offer rewards and access to Chase’s lucrative Ultimate Rewards program.
The information related to Chase Sapphire Reserve®, Chase Sapphire Preferred® Card and Centurion® Card from American Express has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.
The information related to the J.P. Morgan Reserve Card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.
