Today we're going to review the $10 Million Dollar JP Morgan Reserve Credit Card and how it compares to its competition - Enjoy! Add me on Instagram: GPStephan
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As it is now, the JP Morgan Reserve annual fee is $450 per year - and for that, here’s what you get:
1: You’ll get a $300 per year travel credit that automatically reimburses you for ANYTHING travel related.
2: You’ll also get a $120 Statement Credit For Doordash Deliveries, and free DashPass for 2 years - which is worth another $120 per year.
3. You’ll also get 1 year of complimentary Lyft Pink when you activate the service using your card - and that’s a $240 value.
4. Next, you’ll also get free priority pass lounge access for yourself and up to 2 guests anytime you travel - and this has a minimum value of $99 per year, all the way up to $399 per year depending on how much you travel.
5. Now, even better than that…one of the unknown perks of this card that I didn’t even know about when I signed up until someone told me…was that it comes with FREE United Club Membership when you request membership over the phone.
6. Sixth, you’ll also get complimentary global entry or TSA PreCheck which works out to a $100 statement credit every 4 years.
And 7th through 15th…you just get a whole bunch of other perks and services, like up to $10,000 worth of trip cancellation, complimentary rental car insurance, complimentary roadside assistance, lost luggage reimbursement, free hotel upgrades and services, and even free medical and emergency dental benefits when you’re more than 100 miles away from your home.
Now, in terms of EVERYTHING ELSE though - and how it compares with OTHER credit cards out there - from my experience, it’s definitely BETTER and it has a LOT of improvements - but, it’s not something that’s so crazy or hyped up to be a “$10 million dollar credit card.”
For example, let’s compare it to the Chase Sapphire Reserve. To get this card, it’ll cost you $550 per year…pretty much anyone can get it if you have a thorough credit history…and it has NEARLY THE EXACT SAME BENEFITS as the JP Morgan Card.
The American Express platinum also costs $550 per year…but, some of its benefits are a little more niche.
For instance, instead of giving you a broad travel credit…they’ll just give you a $200 airline credit towards incidentals that you can redeem through one airline of your choice. You’ll also get complimentary Centurion Lounge Access anytime you travel. American Express will also reimburse you $15 per month in Uber Expenses, and that increases to $20 in December. You’ll also get $100 per year to spend towards Saks 5th Avenue.
They’ve also just recently added on a $20 per month free streaming credit that you could use towards Spotify, YouTube Premium, Netflix, or anything like that through the rest of the year…and a $20 per month Phone Credit when you pay your phone bill through the American Express Card.
Even though the JP Morgan card is almost identical to the Chase Sapphire Reserve…this does come out ahead. It’s got more benefits, a lower annual fee, and better customer service. It’s REALLY easy for this card to pay for itself almost immediately, and everything after that as profit.
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*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
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THE NEW PODCAST: https://www.youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw
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Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
As it is now, the JP Morgan Reserve annual fee is $450 per year - and for that, here’s what you get:
1: You’ll get a $300 per year travel credit that automatically reimburses you for ANYTHING travel related.
2: You’ll also get a $120 Statement Credit For Doordash Deliveries, and free DashPass for 2 years - which is worth another $120 per year.
3. You’ll also get 1 year of complimentary Lyft Pink when you activate the service using your card - and that’s a $240 value.
4. Next, you’ll also get free priority pass lounge access for yourself and up to 2 guests anytime you travel - and this has a minimum value of $99 per year, all the way up to $399 per year depending on how much you travel.
5. Now, even better than that…one of the unknown perks of this card that I didn’t even know about when I signed up until someone told me…was that it comes with FREE United Club Membership when you request membership over the phone.
6. Sixth, you’ll also get complimentary global entry or TSA PreCheck which works out to a $100 statement credit every 4 years.
And 7th through 15th…you just get a whole bunch of other perks and services, like up to $10,000 worth of trip cancellation, complimentary rental car insurance, complimentary roadside assistance, lost luggage reimbursement, free hotel upgrades and services, and even free medical and emergency dental benefits when you’re more than 100 miles away from your home.
Now, in terms of EVERYTHING ELSE though - and how it compares with OTHER credit cards out there - from my experience, it’s definitely BETTER and it has a LOT of improvements - but, it’s not something that’s so crazy or hyped up to be a “$10 million dollar credit card.”
For example, let’s compare it to the Chase Sapphire Reserve. To get this card, it’ll cost you $550 per year…pretty much anyone can get it if you have a thorough credit history…and it has NEARLY THE EXACT SAME BENEFITS as the JP Morgan Card.
The American Express platinum also costs $550 per year…but, some of its benefits are a little more niche.
For instance, instead of giving you a broad travel credit…they’ll just give you a $200 airline credit towards incidentals that you can redeem through one airline of your choice. You’ll also get complimentary Centurion Lounge Access anytime you travel. American Express will also reimburse you $15 per month in Uber Expenses, and that increases to $20 in December. You’ll also get $100 per year to spend towards Saks 5th Avenue.
They’ve also just recently added on a $20 per month free streaming credit that you could use towards Spotify, YouTube Premium, Netflix, or anything like that through the rest of the year…and a $20 per month Phone Credit when you pay your phone bill through the American Express Card.
Even though the JP Morgan card is almost identical to the Chase Sapphire Reserve…this does come out ahead. It’s got more benefits, a lower annual fee, and better customer service. It’s REALLY easy for this card to pay for itself almost immediately, and everything after that as profit.
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Chase Sapphire Reserve : "You think you're important? That's cute."
JP Morgan Reserve: "Oh sh!t you're important. Let me put on my best customer service voice"
The crazy part for me is that these two cards have the same annual fee. Unreal.
GS— is this info still relevant in 2023?
Is your credit limit $10M?
ok, so basically it's a more ugly version of a chase sapphire reserve card and doesn't require 10m in their bank.
Put money in Ally Bank and index in Index funds lol
Chase Saphire Reserve
Index funds lol
Lol 😆
Biggest perk is it does NOT get reported to a credit bureau. You can have a large amount every month and your credit utilization is not used up at all. It helps to keep your credit scores in the 800s while not being worried using your credit card for purchases. And yes, millionaires want excellent credit.
It’s “niche” not “nitch”
Wow? It’s literally 2:22am and I’m watching this. 😂
It just struck me now the idea that Graham is like Doug DuMuro of credit cards (I hope I spelled names correctly)
Tis pronounced "nea-shay"
This was really helpful to put things into perspective.
What's the interest rate??
It's niche
"niche" is french, we pronounce with no "t" sound
Don't make evil normalized please! GOD IS COMING REPENT! BEFORE IT'S LATE!!!! Be baptized with Holy Spirit and water. Deuteronomy 30:19 "I call heaven and earth to record this day against you that I have set before you life and death, blessing and cursing. Therefore choose life, that both thou and thy seed may live."
God isn't an monster God loves you and so do I. Give your life to Jesus Christ and repent of all your sins, even the ones you've committed in the past. God loves you and so do I. Give your life to Jesus Christ and repent of all your sins, even the ones you've committed in the past.
Niche is pronounced as "nish"
not that you plan to have a revolving 10 million dollar balance, just curious what the interest rates are?
I’d rather have this one than the flex card, err black card.
You really nailed it at the 2am thing
It seams more comparable to the platinum card.
LIAR
How did he get part of the JPM private bank?
The concierge service and near infinite limit are really the reasons you'd have this card. If truly making use of both those features isn't in your budget, well the reason for the exclusivity defines itself. Demonstrably the "mainstream" high-end cards still put you through to the standard customer service. However the invite-only card has dedicated customer service to keep the actual high-rollers happy. Its also why the actual fee is so low compared to the Centurion because its really not about trying to game the customer.
Doge to the moon!!
Yes I’m reading it
The Chad Niche (neesh) vs the Virgin Cave-Ape Nitch.
I’m impressed by the speed of answering!
10M in assets does not mean having 10M cash in the bank.
Metal Rectangle*
The American Express platinum cost $1250 a year and doesn't even have as many perks
But Graham, you pronounced that word wrong
Thanks Cynthia for connecting me to Dumpscredit101 on telegram I got my tools just off recent it cool legit no he’s great 💯