J.P. Morgan Reserve®
All Chase Sapphire Reserve benefits plus United Club membership and hidden credit bureau protection for $795
The J.P. Morgan Reserve delivers every Chase Sapphire Reserve benefit — 8X on Chase Travel, $300 travel credit, $300 dining credit, Priority Pass, and Chase Sapphire Lounges — plus two exclusive unpublished perks: complimentary United Club membership ($550+ value) and a hidden trade line that keeps your credit utilization invisible to bureaus.
- Annual Fee
- $795
- Highest rate (conditional)
- Up to 10X (Peloton)
Terms checked against the issuer on October 10, 2026
At a Glance
- Annual Fee
- $795
- Authorized User Fee
- $195
- Foreign Transaction Fee
- $0
- Network
- Visa Infinite
- Rewards Currency
- Chase Ultimate Rewards
- Point Value (Transfer Estimate)
- 1.5–2.05 cpp (mid: 1.8)
- Credit Required
- Excellent
Earning Rates
- 8X
Travel
8x points on all purchases through Chase Travel including The Edit
- 8X
Hotels
- 8X
Flights
- 8X
Car Rentals
- 4X
Flights
4x points on flights booked directly with airlines
- 4X
Hotels
4x points on hotels booked directly
- 3X
Dining
3x points on dining worldwide including eligible delivery
- 10X
PelotonLimited time
10x points on eligible Peloton hardware and accessory purchases
Cap: $5,000/annual
- 5X
LyftLimited time
5x total points on all eligible Lyft purchases through 9/30/2027
- 1X
All Other
All other purchases
Earning Scenarios
8X Points on Chase Travel Bookings
Earn 8 Ultimate Rewards points per dollar on all purchases through Chase Travel, including The Edit luxury hotel collection, flights, rental cars, cruises, and activities.
Book a $3,000 vacation through Chase Travel: earn 24,000 points (about $240 at 1 cent each through the portal, more with Points Boost or partner transfers).
4X Points on Direct Airline Bookings
Earn 4 Ultimate Rewards points per dollar when booking flights directly with any airline worldwide — no portal booking required.
Book $5,000 in annual flights direct with airlines: earn 20,000 points worth $400+ through transfer partners.
4X Points on Direct Hotel Bookings
Earn 4 Ultimate Rewards points per dollar when booking hotels directly with any hotel chain worldwide.
Book $3,000 in annual hotel stays direct: earn 12,000 points worth $240+ through transfer partners.
3X Points on All Dining Worldwide
Earn 3 Ultimate Rewards points per dollar at restaurants worldwide, including eligible delivery services.
Spend $6,000 annually on dining: earn 18,000 points worth $360+ through transfer partners.
Benefits & Perks
Annual Credits & Statement Credits
5 creditsUp to
$1,584
in recurring credits (annual)
$324/yr Apple TV and Apple Music included
Complimentary Apple TV and Apple Music for at least a year when activated by 6/22/2027 - valued at $324 annually.
$324
Annual
$300 annual StubHub and viagogo credit
Up to $300/yr in statement credits for concert and event tickets on StubHub and viagogo — $150 per half-year.
$300
Annual
$300 annual dining credit at Exclusive Tables
Up to $150 in statement credits Jan-Jun and $150 Jul-Dec for dining at Sapphire Reserve Exclusive Tables restaurants.
$150
Every 6 months
$120 Peloton credit + 10x points on hardware
Up to $120/yr in statement credits for Peloton memberships plus 10x points on eligible hardware and accessory purchases up to $5,000/yr.
$120
Annual
$35/mo DoorDash promos + DashPass
Up to $35 a month in DoorDash promos ($15 on any order, two $10 on groceries and essentials) plus complimentary DashPass, through 12/31/2029.
$35
Monthly
Lounge Access
United Club membership worth $550+/yr
Complimentary United Club membership for cardholder and two guests — an unpublished perk exclusive to J.P. Morgan Reserve, not available on CSR.
Insurance & Protections
3 protectionsPrimary rental car insurance up to $75,000
$75,000
Primary coverage for theft and collision damage on rental vehicles in the U.S. and abroad, up to $75,000.
View conditions
0Trigger: Must charge the entire rental cost to your J.P. Morgan Reserve card and decline the rental company's CDW
$10,000 trip cancellation coverage per person
$10,000
Reimbursement up to $10,000 per person and $20,000 per trip for pre-paid, non-refundable travel expenses if your trip is canceled or cut short.
View conditions
Trigger: Must charge travel expenses to your J.P. Morgan Reserve card
Hidden trade line — no credit bureau reporting
Card activity is not reported to credit bureaus, so high balances won't hurt your credit utilization or score.
Dining Out
3x at restaurants
Chase Ultimate Rewards
≈$5.40 in value on a $100 dinner, at our valuation of 1.8¢ per point
Annual fee: $795
Explore 440 restaurants where this card unlocks perksExclusive Tables Dining Credit
At 440 Sapphire Reserve Exclusive Tables restaurants
$150
Every 6 months
Sapphire Reserve Exclusive Tables
Reservation access at 440 Sapphire Reserve Exclusive Tables restaurants
Stack a dining program
Rakuten Dining
5% back at 20,618 participating restaurants, on top of this card's 3x, once you join and link this card.
+$5
cash back, or ≈$5.50 as points
More on a $100 dinner
Program & Transfers
Chase Ultimate Rewards
Chase Ultimate Rewards rewards earned with this card can transfer to 14 loyalty partners.
Chase Ultimate Rewards stands as the most versatile transferable points program, combining best-in-class hotel transfers, strong airline coverage, and valuable portal redemptions. The crown jewel is the World of Hyatt transfer, widely considered the best hotel transfer value in the industry, at 4:3 since October 1, 2026 (1,000 points become 750 Hyatt points). With 14 transfer partners spanning all three major alliances, Ultimate Rewards offers flexibility for both domestic and international travel. Southwest Rapid Rewards is a 1:1 partner, one of two transferable currencies (with Bilt) that reach Southwest. Chase's Southwest card terms do not say whether transferred points count toward the Companion Pass. Points Boost is card-specific: the Sapphire Preferred can reach up to 1.5 cents per point on select flights and hotels through Chase Travel, while the Sapphire Reserve can reach up to 2 cents per point. Pay Yourself Back values also depend on the card and current offer. This combination of transfer flexibility and fixed-value options makes Ultimate Rewards useful for both beginners and optimization experts.
Program Ratings
Recent Changes & News
Points Boost replaces fixed portal multipliers for new Sapphire cardholders, changing CSR from guaranteed 1.5cpp to variable 1.0-2.0cpp
Chase Sapphire Reserve Business card launched with 150,000 point welcome bonus and $120K annual spend threshold
Air Canada Aeroplan added as 14th transfer partner with instant transfers and 10% bonus for Chase Aeroplan cardholders on 50K+ transfers
The Edit luxury hotel collection launched for Sapphire Reserve holders with breakfast, $100 credit, and room upgrades
Transfer Partners (14)
Transfer your Ultimate Rewards points to 14 leading loyalty programs for maximum value.
Airlines
(10)Most partners accept Ultimate Rewards points at a 1:1 ratio with instant or near-instant transfers.
View detailed transfer ratios
Airlines
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
| 1:1 | 7-10 days | — | — | |
| 1:1 | 7-10 days | 91% | 1.25 cpp | |
| 1:1 | 7-10 days | 85% | 1.3 cpp | |
| 1:1 | 7-10 days | 79% | 1 cpp | |
| 1:1 | 7-10 days | 79% | 1.35 cpp | |
| 1:1 | 7-10 days | 79% | 1.25 cpp | |
| 1:1 | 7-10 days | 79% | 1.25 cpp | |
| 1:1 | 7-10 days | 79% | 1.2 cpp | |
| 1:1 | 7-10 days | 73% | 1.25 cpp | |
| 1:1 | 7-10 days | 67% | 1.35 cpp |
Hotels
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
| 1:1 | 7-10 days | — | 0.7 cpp | |
| 4:3 | 7-10 days | 103% | 1.65 cpp | |
| 1:1 | 7-10 days | 42% | 0.7 cpp | |
| 1:1 | 7-10 days | 36% | 0.6 cpp |
Sweet Spots — Best Redemptions
| Route / Property | Points | Book With | Cabin/Type | Value / Region |
|---|---|---|---|---|
| Intra-Europe in Economy on a Partner | 3,500 | British Airways Avios | economy | Europe |
| Intra-Europe in Economy | 3,500 | Iberia Plus | economy | Europe |
| Short Haul Intra-Europe | 4,000 | British Airways Avios | economy | Europe |
| Intra-Europe in Economy on a Partner | 4,000 | Virgin Atlantic Flying Club | economy | Europe |
| Intra-Europe in Economy | 7,500 | Flying Blue | economy | Europe |
| Intra-Europe on Star Alliance | 8,000 | United Mileageplus | economy | Europe |
| Domestic US in Economy | 4,600 | Jetblue Trueblue | economy | United States |
| Domestic US in Economy on a Partner | 6,300 | United Mileageplus | economy | United States |
| Domestic US and Canada in Economy | 7,100 | Air Canada Aeroplan | economy | United States |
| Domestic US in Economy on a Partner | 7,500 | Virgin Atlantic Flying Club | economy | United States |
| Domestic US in Economy on a Partner | 13,500 | British Airways Avios | economy | United States |
| Domestic US in Economy on a Partner | 15,000 | Singapore Krisflyer | economy | United States |
| US to Europe in Economy | 6,000 | Virgin Atlantic Flying Club | economy | Europe |
| US to Europe in Economy | 13,000 | Aer Lingus Avios | economy | Europe |
| US to Europe in Economy | 16,000 | Iberia Plus | economy | Europe |
| US to Iceland in Economy on a Partner | 17,000 | Jetblue Trueblue | economy | Europe |
| US to Europe in Economy | 25,000 | Flying Blue | economy | Europe |
| US to Europe in Economy | 26,700 | United Mileageplus | economy | Europe |
| US to Europe in Economy | 35,000 | Air Canada Aeroplan | economy | Europe |
| US to Hawaii in Economy | 8,000 | Southwest Rapid Rewards | economy | United States |
Showing top 20 of 54 sweet spots
Reviews & Analysis
Third-Party Rankings & Ratings
| Publication | Rating | Rank | Notes |
|---|---|---|---|
| WalletHub | 3/5 |
How It Compares
The J.P. Morgan Reserve is functionally a Chase Sapphire Reserve with two hidden extras: United Club membership worth $550+/yr and invisible credit bureau reporting. For the same $795 annual fee, it offers identical earn rates, travel credits, and lounge access, making it objectively superior — if you can get invited.
Pros and Cons
Pros
- +All Chase Sapphire Reserve benefits for the same $795 fee
- +Complimentary United Club membership worth $550-650/yr
- +Hidden trade line — no credit bureau reporting
- +Primary rental car insurance up to $75,000
- +Annual credits across travel, dining, entertainment and delivery (the same credit stack Chase lists for the Sapphire Reserve)
- +Points Boost values points at up to 2 cents each on select flights and hotels through Chase Travel
Cons
- -Invite-only — requires $10M+ in J.P. Morgan Private Bank assets
- -No public welcome offer
- -Benefits are nearly identical to the accessible Chase Sapphire Reserve
- -$195 authorized user fee
Who It's Best For
Best For
- J.P. Morgan Private Bank clients who want all CSR benefits plus United Club
- High-net-worth travelers who value credit bureau privacy (hidden trade line)
- Frequent United flyers who want complimentary United Club access
- Travelers who want the most comprehensive Chase card available
Not Ideal For
- Anyone without $10M+ in J.P. Morgan Private Bank assets
- Those who don't value United Club membership
- Users who prefer a card they can apply for directly
The Math: Is $795 Worth It?
Credit Utilization (60%)
Excludes earning value, lounge access, insurance, and elite status
Total Value Captured
$950.40
Annual Fee
-$795
Net Annual Value
+$155.40
Details & Terms
Application Rules
| Rule | Details |
|---|---|
| Invitation Only |
Payment Terms
| Foreign Transaction Fee | $0 |
| Authorized User Fee | $195 |
FAQs
Is it better to use Chase points for travel or cash back?
Cash back redemptions return only 1 cent per point. Booking travel through the Chase Travel Portal can be worth up to 2 cents per point with the Chase Sapphire Reserve for Points Boost redemptions. Transferring points to airline or hotel partners can deliver even higher value, up to 7-10 cents per point.
What is the most efficient way to redeem Chase points?
The most efficient way to redeem Chase points is to transfer them to travel partners. Transfers deliver outsized value, often well more than 2 cents per point. Booking through the Chase Travel Portal is easier, but learning partner awards maximizes long-term value and flexibility.
Which Chase card is best for rewards?
The two Chase Sapphire Reserve cards, personal and business, offer the biggest signup bonuses and most perks, but they also carry higher annual fees. The Chase Sapphire Preferred is an excellent alternative for travelers who want strong value and transferable points with a lower fee.
Can you book Airbnb through Chase Travel?
You cannot book Airbnb through Chase Travel, as Airbnb is not a direct transfer partner. Chase does offer vacation rentals in its portal for select cardholders. Log in to Chase Travel, and if your card is eligible you will see options to search hotels or vacation homes.
Who has more lounges, Chase or Amex?
American Express provides access to more lounges than Chase through the Global Lounge Collection, which includes Centurion Lounges, Delta Sky Clubs, and other partner lounges. The premium cards from both reward systems offer access to the most lounges.
Media & Resources
Video Reviews
8 videosRevealing The INSANE Perks of The $10 Million Dollar Credit Card
Unboxing the $10 MILLION JP Morgan Reserve Credit Card
JP Morgan Raises Sapphire Reserve Fee to $795 with New Perks
The JP Morgan Reserve - My Grail Credit Card - What's yours?
The Most Exclusive Credit Card - Amex Centurion Card vs J.P. Morgan Reserve Card
The Ultimate JP Morgan Reserve Card Review
JP Morgan Reserve Card: The 1% of the 1% Credit Card
Third-Party Articles & Reviews
The JP Morgan Reserve Card
Expert analysis of the JP Morgan Reserve card benefits, earning rates, United Club membership inclusion, and detailed comparison with Chase Sapphire Reserve.
J.P. Morgan Reserve Card: Most Elite Credit Card?
In-depth guide on qualifying for the J.P. Morgan Reserve card, including the $10 million asset requirement, detailed benefit breakdown, and United Club membership.
J.P. Morgan Reserve Credit Card
Overview of the J.P. Morgan Reserve as one of the most exclusive credit cards, highlighting its palladium construction and the $10 million asset requirement.
J.P. Morgan Reserve Card vs. Amex Black (Centurion) Card
Detailed comparison between the J.P. Morgan Reserve and American Express Centurion cards, examining benefits, fees, and qualification requirements.
The Best Rewards Card You'll Never Get: Hidden Perk Sets It Apart
Analysis of the J.P. Morgan Reserve Card as the best U.S. rewards credit card with exclusive hidden perks available only to private banking clients.
JP Morgan Reserve Credit Card Benefits in 2026
Overview of JP Morgan Reserve benefits including travel insurance, $300 travel credit, Global Entry/TSA PreCheck credit, and Priority Pass Select.
Chase Sapphire Reserve New Price and Benefits
CNN coverage of Chase Sapphire Reserve benefit changes and pricing updates, with context on how these changes relate to the J.P. Morgan Reserve.
J.P. Morgan Reserve Card Review: Invite-Only Luxury
Comprehensive review of the JP Morgan Reserve Card as a stunning status symbol for ultra-high-net-worth individuals, covering the invitation-only requirements and luxury benefits.
JPMorgan Chase Unveils New Sapphire Reserve Card Perks and $795 Annual Fee
NBC News report on JPMorgan Chase premium card updates including the Sapphire Reserve and J.P. Morgan Reserve, covering new benefits and fee structures.
JP Morgan Reserve VISA Infinite (2026)
Community discussion thread covering 2026 benefit updates including new United Club Access Membership changes, hotel credits, and real cardholder experiences.
Card Design
Evidence Sources
| Source | Verified | Citation |
|---|---|---|
| RewardsCC API | — | RewardsCC API |
| Chase | — | Chase |
| Upgraded Points | — | Upgraded Points |
| Chase | Chase |
Top brands for this card
Brands where this card's earn-rate structure makes it a strong choice. Open a brand for the full ranked list.
