In the midst of August 2016, we were notified that the Chase Palladium was no longer available, furthermore, the card will be replaced with the new J.P. Morgan Reserve Card. If you’re a current Chase Palladium cardholder, you were given an option to upgrade to the new Reserve Card, however, it appears that we may not be able to hold onto such an exclusive card anymore, so you should expect all Palladium accounts converted to the Reserve variant by July 17, 2017 with a chance to earn 35,000 UR Bonus Points if you are ready to put a hefty spending of $75,000 between the anniversary date and the date that your account was converted.
Alternative Credit Card Bonuses:
- The Business Platinum Card® from American Express OPEN
- Chase Ink Business PreferredSM Card
- Platinum Card® from American Express
| BONUS LINK | OFFER | REVIEW |
| Chase Business Complete Checking® | $300 or $500 Cash | Review |
| Chase Private Client | $3,000 Cash | Review |
| Chase Total Checking® | $300 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| J.P. Morgan Self-Directed Investing | Up To $700 Cash | Review |
| Chase Secure BankingSM | $100 Cash | Review |
Chase Private Clients
Being a Private Client for Chase means having some amount of influence and in order to get your hands on the JP Morgan Reserve card, you will be prompted to possess at least $10M+ with Chase. Right off the bat, you can tell that they raised the bar with their standards considering that it used to be where you needed $5 million or more in invest-able asset to get your hands on such a card.
JP Morgan Reserve Features:
- 3x points on travel & dining purchases
- 1x points on all other purchases
- 50% bonus when redeeming points through Chase Ultimate Rewards for airfare, hotels, car rentals and cruises
- $300 annual travel credit for travel purchases charged to the card
- Complimentary lounge access at over 900+ lounges (Priority Pass Select membership)
- Global Entry or TSA PreCheck credit of up to $100
- 1:1 Transfer Ratio
- No foreign transaction fees
- Visa Infinite
- Exclusive events and experiences
- Elite HOTEL BENEFITS AT RELAIS & CHÂTEAUX
- Special benefits at a variety of hand-selected top hotels and resorts worldwide
- Annual fee of $450
JP Morgan Palladium Features:
- United Club membership and Priority Pass Select with complimentary guest
- One year of GHA Hotels Black status
- What was once a highly regarded concierge service but that has apparently experienced slippage
- 35,000 bonus points after $100,000 spend each year.
- Double points on travel
- A hidden trade line meaning it doesn’t report each month to the cardmember’s credit (use of credit line doesn’t increase utilization ratio and reduce credit score)
- Annual Fee of $595
Conclusion:
Starting July 17, 2017, those of you Palladium cardholders who have not upgraded to the J.P. Morgan Reserve Card will be prompted with converted to such a card on top of being able to earn a 35,000 UR Bonus Points. Note that the JP Morgan Reserve has a $450 annual fee vs. Palladium’s $595. Also, you will be given a $145 refund reflecting on the new card’s lower annual fee.
Note that if you have requested United Club Membership benefits (running $450 to $550 per year correlating with your status in MileagePlus’s Program), you will be able to keep the benefit on your new J.P. Morgan Reserve Card, which may very well make this card the highest tier rewards card you can get your hands on, ever. Card-members will still be able to use their existing metal Palladium cards until those cards need to be replaced. If what you’re looking for perhaps is another card, be sure to check out our complete list of Chase Card Promotions or Credit Card Promotions!
