J.P. Morgan Reserve Card

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A J.P. Morgan Reserve Card with EMV

The J.P. Morgan Reserve Card®, formerly known as the Palladium Card, is a Visa credit card issued by JPMorgan Chase. It was known as the J.P. Morgan Palladium Card until it was formally re-branded to its current name.[1] The laser engraved card is minted out of brass and plated with palladium.[2] This card is in a category of ultra exclusive, invitation-only credit and charge cards, such as the American Express Centurion Card (a.k.a. "Amex Black Card").[2] It is one of the most exclusive credit cards in the world, and reserved for the most important private clients of JPMorgan Chase.

History[]

JPMorgan Chase introduced the Palladium Card in 2009, to cater to their ultra-high-net-worth clients of the firm. Bloomberg described the Palladium Card as the "card for the 1% of the 1%".[3] JPMorgan Chase clients who are invited to carry this card must have a minimum of US$10 million in assets under management with J.P. Morgan Private Bank, and have a median of US$100 million with the bank. There are only 5,000 Palladium card holders worldwide.

In September 2016, the J.P. Morgan Palladium Card was re-branded the J.P. Morgan Reserve Card. The Reserve card is physically identical to its predecessor, but now includes a suite of improved benefits and privileges, including complimentary airport lounge memberships (such as United Club and Priority Pass Select), and it has been branded Visa Infinite.[1]

Physical specifications[]

The Palladium Card was one of the first U.S. credit cards to adopt EMV smart chip technology. With its 23-karat gold construction and palladium plating, the card weighs 1 ounce or 28.35 grams, five times the weight of a conventional plastic credit card and twice the weight of the titanium constructed American Express Centurion Card. The value of the materials used to construct the card is $1,000.[2]

External links[]

Official website

References[]

  1. ^ a b Ellis, Nick (August 25, 2016). "Have $10 Million with Chase? You Can Get the J.P. Morgan Reserve Card". The Points Guy.
  2. ^ a b c White, Martha C. (2 March 2012). "You're Probably Not Rich Enough For This Credit Card". TIME. Retrieved 10 February 2015.
  3. ^ Cohan, William D. (29 February 2012). "The Credit Card for the 1 Percent of the 1 Percent: The Ticker". Bloomberg News. Archived from the original on 14 February 2015. Retrieved 10 February 2015.
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