J.P. Morgan Reserve Credit Card (2024)

FAQs

How do I get a JP Morgan Reserve card? ›

How do I get a J.P. Morgan Reserve Card? The J.P. Morgan Reserve Card application is invite-only. To be considered, you'll need to be a client of J.P. Morgan's private bank with at least $10 million in assets under management.

Clients of J.P. Morgan who are invited to carry the card must have a reported minimum of US$10 million in assets under management (AUM) with the private bank. The firm declined to confirm this figure as part of their eligibility requirements. There are roughly 5,000 J.P. Morgan Reserve cardholders worldwide.

While there isn't an officially published minimum credit score requirement, to qualify for Chase Sapphire Reserve®, you'll typically need a top-notch credit score. To give yourself the best chance of being approved, aim for a FICO Score of 740 or higher.

The J.P. Morgan Reserve Credit Card benefits include extensive travel insurance, a statement credit of up to $300 for travel-related purchases each year, and a Priority Pass Select membership.

Although the minimum credit limit for the J.P. Morgan Reserve card is $10,000 by virtue of its Visa Infinite status, we've seen credit limits as high as $200,000 with this card.

Reports suggest that you'll typically need a score of at least 740 to get approved for the card, though the average score is slightly higher. People with scores below 700 have been approved for the card, but the approval usually isn't instant in those circ*mstances.

What is the most prestigious credit card? One of the world's most prestigious credit cards is the Centurion® Card from American Express*. Though there may be other cards with more elaborate benefits, those cards are kept well under wraps.

The best credit card overall is the Wells Fargo Active Cash® Card because it gives 2% cash rewards on all purchases and has a $0 annual fee. For comparison purposes, the average cash rewards card in 2024 gives about 1% back.

The most expensive credit card is the Centurion® Card from American Express (also called the Amex “Black Card”), because it has an initiation fee of up to $10,000 and a $5000 annual fee.

That leaves the J.P. Morgan Reserve Card as the best U.S. rewards credit card — as it has an annual fee of just $550, has a $300 annual travel credit, and not only includes all of Sapphire Reserve's benefits but also comes with United Club.

Which is better Chase Sapphire or Chase Reserve? ›

While both cards have impressive travel and purchase protections, the Sapphire Reserve's protections are more substantial. For example, trip cancellation insurance on the Sapphire Preferred covers up to $10,000 per covered trip, whereas the Sapphire Reserve covers up to $20,000 per covered trip.

Chase does not explicitly mention a minimum income threshold to qualify for the Sapphire Reserve.

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with $2.6 trillion in assets and operations worldwide.

For example, the Bank of America private bank minimum requirement is $10 million. The minimum requirement to open a private banking account with HSBC in the US is $5 million, while the minimum for banks like JP Morgan is $10 million.

J.P. Morgan, the company itself, is still active as the business and investment banking subsidiary of JPMorgan Chase; Chase Manhattan Bank is still active as the personal banking subsidiary of the company.

Who can open a Investments by J.P. Morgan account? To open a Investments by J.P. Morgan account, you need to be at least 18 years old and have a valid Social Security number and U.S. home address. We may also ask you for your valid driver's license or state-issued ID.

The Chase Sapphire Reserve is a premium travel card with a high $550 annual fee. But it has a variety of travel and purchase benefits that can make it worthwhile for you. The Chase Sapphire Reserve® was so popular when it launched in 2016 that Chase experienced a shortage of the metal required to make the card.

Chase Slate Edge℠: $0 annual fee. Chase Freedom Rise℠: $0 annual fee. Chase Sapphire Preferred® Card: $95 annual fee. Chase Sapphire Reserve®: $550 annual fee.