Updated Feb 19, 2021 | Published Jun 01, 2020 • 5 min read
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At a glance
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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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.
Read moreWhat Are the World’s Most Exclusive Luxury Credit Cards? Here Are 8
What Are the J.P. Morgan Reserve Card Benefits?
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.
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
Singapore Airlines KrisFlyer
Southwest Airlines Rapid Rewards
Virgin Atlantic Flying Club
Hotel Travel Partners
IHG Rewards Club
World of Hyatt
Alternatives to the J.P. Morgan Reserve Card
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.
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®
$300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year. Through December 31, 2021, gas station & grocery store purchases will also count towards earning your Travel Credit
3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants including eligible delivery services, takeout and dining out & 1 point per $1 spent on all other purchases
Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 60,000 points are worth $900 toward travel
With Pay Yourself Back℠, your points are worth 50% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
1:1 point transfer to leading airline and hotel loyalty programs
Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit for Global Entry or TSA Pre✓®
Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more
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.
Earn 100,000 Membership Rewards® Points after you spend $6,000 on purchases on the Card in your first 6 months of Card Membership.
Plus, earn 10x points on eligible purchases on the Card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of Card Membership.
Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year.
Earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
$200 Hotel Credit: Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®.
$240 Digital Entertainment Credit: Get up to $20 in statement credits each month when you pay for eligible purchases with the Platinum Card® at your choice of one or more of the following providers: Peacock, Audible, SiriusXM, and The New York Times. Enrollment required.
New! American Express has expanded The Centurion® Network to include 40+ Centurion Lounge and Studio locations worldwide. Now there are even more places your Platinum Card® can get you complimentary entry and exclusive perks.
$200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one qualifying airline.
$200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status available to Basic Card Member only.
$300 Equinox Credit: Get up to $25 back each month on select Equinox memberships. Enrollment required.
$179 CLEAR® Credit: Use your Card and get up to $179 back per year on your CLEAR® membership.
5X Membership Rewards points per dollar (on up to $500,000 spent per calendar year, then 1X) on:
Flights booked directly through airlines or through American Express Travel
Prepaid hotels booked through American Express Travel
2X Membership Rewards points per dollar on other eligible travel expenses booked through American Express Travel
1X Membership Rewards point per dollar on all other purchases
100,000 bonus points for spending $6,000 in the first 6 months; 10X points on eligible purchases at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during the first 6 months
Additional Cards Annual Fee$175 for first 3; then $175 per card
Foreign Transaction FeeNone
American Express is a Credit Card Insider advertiser.
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.
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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