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.