JP Morgan Reserve Review
This is a new card only for JP Morgan Private Client. It replaced JP Morgan Palladium. Its benefits are identical to Chase Sapphire Reserve (CSR).
Contents
Application Link
- JP Morgan Reserve. Note that this is only a benefit page, not the application link. You need to contact your private banker to apply.
Benefits
- Earn 100,000 Ultimate Rewards (UR) points after spending $4000 in the first 3 months! This is the best offer for UR cards in recent years. Although the official website does not mention about the sign-up bonus, you can ask your private banker to confirm.
- Each year (each 12 billing cycles starting after your December statement date through the following December statement date), automatically receive up to $300 in statement credits as reimbursement for travel purchases such as airfare and hotels charged to your card.
- Ultimate Rewards (UR) points are earned by this card. If these UR points are used to transfer to UA miles, they are worth about 1.6 cents/point; if they are used to transfer to Hyatt points, they can be worth about 1.8 cents/point (Bank & Credit Card Points Value); even if you redeem them for travel directly in the official UR page, it is worth 1.5 cents/point straight! This makes the 100K sign-up bonus worth at least $1500, and potentially about $2000! For more information about Ultimate Rewards (UR), see Maximize the Credit Card Points Values (overview) and Review of Chase Ultimate Rewards (UR) (very detailed).
- This card allows you to transfer any UR points that you have earned to Airlines or Hotels. As an added benefit, all UR points, including those earned by a Chase Freedom or CFU, can be combined and transferred/used.
- Earn 3x points on travel and dining. Earn 1 point per dollar spent on all other purchases. Chase is known to be quite flexible with their definition of travel and includes merchants such as Uber and some public transportation.
- Visa Infinite benefits, including: Visa Infinite Hotel Collection, Visa Infinite Hotel Privileges, Visa Infinite Car Rental Privileges. But note that the $100 air discount benefit is NOT included.
- Complimentary Priority Pass Select (PPS) card.
- Up to $100 credit for Global Entry or TSA Pre application fee.
- It is a metal card, and is really heavy: 27g, rank #1 in the most heavy credit cards list after Chase Ritz-Carlton is discontinued.
- No foreign transaction fee.
- Primary car rental insurance.
Disadvantages
- You can apply for this card only if you are a JP Morgan Private Client (not CPC!), to be short, you need $10 million assets in Chase.
- Annual fee $595, NOT waived first year. $75 annual fee for each authorized user.
Summary
You can apply for this card only if you are a JP Morgan Private Client. This card is a duplicate for Chase Sapphire Reserve (CSR). The value of this card is that JP Morgan Private Client client can get another sign-up bonus.
After Applying
- Call 800-436-7927 to check Chase application status. This is an automated telephone line, and the information has the following meanings: Receive decision in 2 weeks means your application is probably approved; Receive decision in 7-10 days means your application is probably rejected; Receive decision in 30 days simply means your application requires further review and there’s nothing to tell you for now.
Historical Offers Chart
Application Link
- JP Morgan Reserve. Note that this is only a benefit page, not the application link. You need to contact your private banker to apply.
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