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The J.P. Morgan Reserve is not only the heaviest credit card on the market — it’s also one of the most exclusive. Its benefits, however, are almost identical to those of the Chase Sapphire Reserve, which anyone with excellent credit might qualify for.
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This one-of-a-kind credit card is so exclusive that you need to be invited to apply. Here’s how you could get on the list — plus whether it’s even worth it.
The J.P. Morgan Reserve was previously called the Chase Palladium card because it’s made of palladium, a metal that can cost $64 a gram. (You can supposedly get a plastic version, too, but it isn’t contactless.)
It is the heaviest credit card on the market, clocking in at 27 grams. Although the price of palladium fluctuates, it’s easy to see why this card is so exclusive — and so precious!
As Eric, an alleged cardholder, commented on YouTube: “Be prepared — this card attracts a LOT of unwanted attention. A lot. It’s nearly impossible to pay for something without someone commenting on how heavy it is, how it can cut someone’s head off, or another of a dozen comments I’ve now heard 10k times.”
When the Chase Sapphire Reserve was introduced in 2016, the Palladium card adopted its new name: the J.P. Morgan Reserve. It also adopted many of the same exact benefits and features.
The big difference? While anyone can apply for the Sapphire Reserve, you reportedly must be a member of J.P. Morgan’s private bank to apply for the J.P. Morgan Reserve card.
And, in order to be a member of that private bank, you need to have more than $10 million in investible assets. Not exactly chump change!Read more What Are the World’s Most Exclusive Luxury Credit Cards? Here Are 8
As noted above, the benefits of the J.P. Morgan Reserve card look nearly identical of those of the Chase Sapphire Reserve, which is one of the best travel rewards cards around.
In fact, the only difference you might spot is a United Club membership. Though it’s not listed as an official benefit, rumor has it that the J.P. Morgan Reserve comes with an annual United Club membership, which grants you access to more than 1,000 United and Star Alliance lounges worldwide.
For a full breakdown of these perks, check out this post covering the benefits of the Chase Sapphire Reserve (which, remember, are virtually identical to those of the J.P. Morgan Reserve).
Like the Chase Sapphire cards, the J.P. Morgan Chase Reserve card earns Ultimate Rewards (UR) points. These points won’t expire as long as you keep your account open and in good standing.
If you have either of the Reserve cards — the Chase Sapphire or the J.P. Morgan — you’ll get a 50% bonus when you redeem UR points through Chase’s travel portal.
Whereas 100 UR points normally equal $1, your 100 UR points would equal $1.50. So if you earned 50,000 UR points with an introductory bonus, for example, those would be worth $750 of travel booked through Chase’s portal.
You’d likely get an even better deal, however, if you transferred your UR points to one of Chase’s many airline and hotel partners. The point transfer ratio is 1:1, meaning that 100,000 UR points could be redeemed for 100,000 British Airways Avios, for example, or 50,000 Avios and 50,000 United MileagePlus miles.
Here’s a full list of Chase’s travel partners:
|Airline Travel Partners|
|Aer Lingus AerClub||British Airways Executive Club||Flying Blue AIR FRANCE KLM||Iberia Plus||JetBlue TrueBlue|
|Singapore Airlines KrisFlyer||Southwest Airlines Rapid Rewards||United MileagePlus||Virgin Atlantic Flying Club||Emirates Skywards|
|Hotel Travel Partners|
|IHG Rewards Club||Marriott Bonvoy||World of Hyatt|
In our opinion, the J.P. Morgan Reserve card isn’t much more than a status symbol. Yes, the rumored United Club membership would be nice — but if you don’t have $10 million lying around to open a private bank account, we wouldn’t sweat it.
“While it’s a nice card, and the perks are reasonable, they’re honestly not much better than the Sapphire Reserve,” said Eric, the YouTube commenter and J.P. Morgan Reserve cardholder. “True, Chase’s version isn’t as flashy or exclusive, but 95% of the benefits are the same. Where the JPM sets itself apart is really in private service. You get personal attention, a number to call where there’s literally just a person who picks up (no automated nonsense).”
Though the cards below may not have quite the service of the J.P. Morgan Reserve, they do feature dedicated customer service lines, as well as concierges (the Amex concierge is particularly renowned). So, for mere mortals — with excellent credit scores — we think these three alternatives are pretty stellar.
This is the most obvious comparison to the J.P. Morgan Reserve because, other than the United Club membership, its benefits are almost exactly the same. If you’re seeking the perks of the J.P. Morgan Reserve, but aren’t a decamillionaire, apply for the Chase Sapphire Reserve! Aside from the non-palladium surface, you probably won’t even know the difference.
If it’s airport lounge access you’re after, this card’s the right fit for you. While its point-earning power isn’t quite as robust as the J.P. Morgan Reserve, this credit card offers a ton of valuable perks and credits, and also includes an array of airport lounge memberships, including Priority Pass Select, Amex Centurion, and Delta Sky Clubs when flying Delta.
Fly United a lot? And itching to get into those United Clubs? Here’s the ticket. Though this card doesn’t have as many credits or features as the aforementioned options, its cardholders get two free bags and entrance into all of Star Alliance’s airport lounges.
Not quite ready to apply for any of the cards above? Or still building your credit? Here are the easiest cards to get for every score.
For rates and fees of The Platinum Card® from American Express, please click here.
Susan is a freelance writer who specializes in turning complex financial topics into engaging and accessible articles. She's been writing about personal finance for six years, and was previously the senior writer at The Penny Hoarder and a staff writer at Student Loan Hero. Her personal finance writing has also appeared in publications like MarketWatch and Lifehacker.
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