Skip to content

J.P. Morgan Reserve: You Probably Can’t Get It, but You Can Get Its Twin

Updated Sep 09, 2021 | Published Jun 01, 20205 min read

Advertiser Disclosure

Credit Card Insider is an independent, advertising supported website. Credit Card Insider receives compensation from some credit card issuers as advertisers. Advertiser relationships do not affect card ratings or our Editor’s Best Card Picks. Credit Card Insider has not reviewed all available credit card offers in the marketplace. Content is not provided or commissioned by any credit card issuers. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. When you click on any ‘Apply Now’ button, the most up-to-date terms and conditions, rates, and fee information will be presented by the issuer. Credit Card Insider has partnered with CardRatings for our coverage of credit card products. Credit Card Insider and CardRatings may receive a commission from card issuers. A list of these issuers can be found on our Editorial Guidelines.

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.

Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page. Advertiser relationships do not affect card evaluations. Advertising partners do not edit or endorse our editorial content. Content is accurate to the best of our knowledge when it's published. Learn more in our Editorial Guidelines.

So you’ve heard of Amex’s legendary “Black” card. You’ve probably heard of the Chase Sapphire Reserve®, too. But what about the J.P. Morgan Reserve Card?

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.

J.P. Morgan Reserve Card
  • Min. credit levelExcellent
  • Annual Fee$595
  • Purchase APRSee Terms

What Is the J.P. Morgan Reserve Card?

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

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.

Beyond that, its points, benefits, and perks mirror the Chase Sapphire Reserve® (Review).

Chase Ultimate Rewards Points Earned

  • 3X points/dollar spent on travel (after the $300 credit is used) and dining
  • 10X points/dollar on Lyft rides (through March 2022)
  • 1X point/dollar on everything else

Statement Credits & Memberships

  • $300 annual travel credit (reimbursement for travel expenses like airfare, train/bus tickets, hotels, rental cars, and even parking)
  • Priority Pass Select membership (airport lounge access at 1,200+ locations)
  • Complimentary DashPass subscription ($0 delivery fee and reduced service fees on DoorDash orders over $12)
  • $60 in annual statement credits for DoorDash (through at least 2021)
  • Complimentary year of Lyft Pink (which includes “preferred pricing” and “priority airport pickups”)
  • $100 application fee credit for TSA PreCheck / Global Entry (once every four years)

More Travel Perks & Insurance

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).

How Do You Redeem J.P. Morgan Reserve Points?

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

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.

Apply Now

securely on the issuer's website

Chase Sapphire Reserve®
Apply Now

securely on the issuer's website

  • Min. credit levelExcellent
  • Annual Fee$550
  • Purchase APR16.99%-23.99% Variable

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.

Apply Now

securely on the issuer's website

The Platinum Card® from American Express
Apply Now

securely on the issuer's website

  • Min. credit levelGood
  • Annual Fee$695
  • Purchase APRSee Pay Over Time APR

Rates & Fees

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.

Apply Now

securely on the issuer's website

United Club℠ Infinite Card
Apply Now

securely on the issuer's website

  • Min. credit levelExcellent
  • Annual Fee$525
  • Purchase APR16.49% - 23.49% Variable

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.

Was this helpful?

For rates and fees of The Platinum Card® from American Express, please click here.

Written by

Susan Shain

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.

Do you have a correction, tip, or suggestion for a new post? Contact us here.

The responses below are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertisers' responsibility to ensure all posts are accurate and/or questions are answered.

Scroll to top