Unboxing The $10 Million Dollar Invite-Only Credit Card: The JP Morgan Reserve

Guys, holy Sh! I can't believe this is came. I have been waiting such a long time for this. It's like two days for it to be on UPS, but anyway, I've been tracking it for the last few days; it just came. My head is literally shaking right now. I'm not sure if you could see that. I'm just just kidding about that one. It seems like every time someone gets something new, they say something like that and they show their hands shaking.

But you know, you're officially an adult. We're the equivalent to getting a credit card in the mail. Like, this is like opening up a Red Ryder BB gun on Christmas morning. I guess this is what it's like to be 28 years old, or maybe I just need another hobby. But seriously, all jokes aside, I never thought I'd be able to get ahold of this credit card, which is the JP Morgan Reserve card.

Now, typically, in order to even become eligible to get this credit card, you need to be a JP Morgan private banking customer with more than ten million dollars in investable assets, just to get the credit card invitation. That places this credit card as one of the most exclusive credit cards you can possibly get. In fact, I mean, I've seen a lot of credit cards, and I consider myself a credit card nerd. I've only seen one other person have this particular credit card before.

You guys think that I have ten million dollars sitting with JP Morgan private bank? I do not. But I was able to become a private banking client, and through that, I was able to get the invitation to get this credit card. Even if you compare this to the American Express Centurion black card, which is another invite-only card, they'll typically extend that offer to people who spend more than three hundred and fifty thousand dollars per year on their American Express.

If you run a business or you have high ad spend or high expenses and you charge everything through the card, it's a relatively easy number to reach. But a ten million dollar invite-only credit card is definitely on another level. This is also a credit card that many people don't even know exists. I tried to get this card a year and a half ago as a Chase private client, and the guy I was talking to had no idea what I was talking about. He thought I was talking about the Chase Sapphire Reserve, and I kept trying to correct him and tell him, “No, it's a JP Morgan Reserve.” He had no clue it was even available, and he worked at Chase.

So this is definitely something pretty unique. So let's go ahead, let's unbox this, and I'll talk about some of the perks associated with this card. And by the way, I totally understand that this could be perceived as like a weird flex video, and it's definitely not my intention to have this come across the wrong. I'm sure if the YouTube algorithm ends up pushing this video to my nan audience, I'm going to get some really interesting hate comments from people who just don't understand credit cards and don't understand the perks and think they're all stupid and think that this is just a waste.

But for someone like me, who now has over 12 or 13 credit cards, and I have over half a million points right now, and keep in mind I've been using my points consistently for free airfare, and they still have over half a million points, something like this is really about just sharing a cool experience and where I can go over some of the perks and benefits of owning a card like this and how this compares with other credit cards that are out there.

Plus, I remember watching unboxing videos to this card when it was called the Palladium card years ago, and that, to me, was super inspirational. So it's so cool to come full circle, and now I can make my own unboxing video of the JP Morgan card. So with that said, let's unbox this.

So it comes in a box like this. Let's just... you can tell I'm not this good at doing unboxing videos, but let's see. Okay, that's pretty cool. That is very cool. So this is what it is; it's actually a pretty heavy box for the most part. And lit... so I realized as soon as I opened it up, the credit card numbers on the front. So yeah, I got it. Let me read that part.

All right, so anyway, pretend that didn't happen. And this is what happens when you open it up. Look at that. The presentation is actually pretty nice. This reminds me a lot of the American Express Platinum, where the credit card is served on like this metal board right in the middle of a box like this. This is pretty nice. This almost has the texture of just like leather, which is very cool. And then you get this "Welcome to the JP Morgan Reserve card." That's nothing special; it's just like a... it's just a piece of... oh no, no, nope. Just some random stuff there. That's really not important.

Let's get to the card, though. So it almost feels like leather; it's not leather. It's just like some sort of very light fabric. So let's get the card out. So this just pops out. That's a pretty heavy card. So this is full metal. I think that there's some palladium in this card. I'm not sure the exact contents, but it definitely has some weight to it. Actually, you know what? We can pull out the American Express card; basically, they're both metal. This is significantly heavier.

Yeah, I mean, it's very obvious weight difference. This feels almost like 50% heavier than the American Express card, and then you compare that to the Chase Sapphire, which... I mean, this card just feels super light. I mean, this dude, this card feels like it could really just fly away. This really has a significant amount of weight to it.

Okay, so let's see what else is in here. So as you can see here, it's pretty similar to the Chase Sapphire Reserve, where you have a 300 dollar annual travel credit, three times points on travel worldwide, dining credits, one point for everything else. I'm pretty sure it just has... yet, it has airport lounge access right there. Obviously, Global Entry, no foreign transaction fees, VIP access. Whoo! Okay, service protection... okay, so it's just like the normal stuff. That's fine.

Okay, let's see. Now we got the terms and conditions. Let's see. I mean, it's kind of all right... just could have done that. That's good. All right, so that's just like the normal stuff. Okay, so nothing special in there. Put this back. But that's pretty cool. I do like the box. The American Express box, in my opinion, was pretty much just the same, if not slightly nicer, because that came on wood.

I mean, you would think if you have ten million bucks and you're getting a credit card, you'd at least want something like, you know, suede or maybe like an alcantara. But I guess this will do. Now just some background here—originally, this card was branded as what's called the JPMorgan Palladium card, and if you couldn't guess, the card was made of palladium. It was estimated that the card itself was worth about eight hundred to a thousand dollars worth of palladium, depending on the market value at the time.

However, when Chase launched the Chase Sapphire Reserve, which is this card, in 2016, JP Morgan Palladium customers were extremely upset because this card had all of the same benefits as the Palladium card did for an annual fee of only four hundred and fifty dollars. The Palladium card had an annual fee of five hundred and ninety-five dollars. So, in 2017, JP Morgan discontinued the Palladium card and simply just rebranded it as the JP Morgan Reserve card.

It's essentially the exact same card, except they lowered the annual fee to match all the perks and features of the Chase Sapphire Reserve. Now, on the surface, the benefits between these two cards are pretty much exactly the same. They both have a four hundred and fifty dollar annual fee, they both give you a three hundred dollar travel credit annually, they both give you free complimentary lounge access and the global entry and all the other same stuff. It's pretty much like the same card, except one is this and one is that.

Except I wanted to get this card for a few reasons. The first, the most obvious one is that it's basically just a subtle flex. I mean, just not many people have this card. It's rare. I had the opportunity to get it, so I absolutely just took advantage of that. Now, just like any good credit card, there should be a signup bonus, and with this card, I get 60 thousand points when I spend $4,000 in the first three months, which, of course, I had a whole bunch of real estate expenses coming up anyway, so I may as well just put it on this card and get the 60,000 points, then put it on this card and get pretty much nothing.

And by the way, for me, about sixty thousand points is really equivalent to like two and a half trip plane tickets to anywhere in North America, and I would value that at probably about eleven hundred dollars just for putting expenses on this card. Now, number three, what are the other great benefits of this card? Is that I can get the three hundred dollar travel credit for this year in 2018, and then January first get another three hundred dollars a travel credit for 2019. That is six hundred dollars over the next, like, three months.

So pretty much my plan here is I can discontinue using the Chase Sapphire Reserve because, like I said, this is the same thing, and I already got the hundred thousand points for this. So now I can downgrade it to the Chase Freedom, which is a free card, because I don't need to be spending four hundred and fifty dollars a year for each of these cards when this one does the exact same things as this one.

And then, of course, you know, like I said, I had the opportunity to get this card, which is arguably just, I think, way cooler than this card. I get it—subtle flex. But I mean, let's be real here: I'd much rather have this card than this card. And by signing up for this card, I get sixty thousand points, three hundred dollar travel credit this year, three hundred dollar travel credit January 1st. So when you add that up, I'm really getting about seventeen hundred dollars worth of value, and when you subtract the four hundred and fifty dollar annual fee on that, it's really like I'm making twelve hundred and fifty dollars in value just by getting this credit card.

And I end up getting a really cool credit card I never imagined I would get, and I can make cool unboxing videos now on YouTube for the JP Morgan Reserve card. And there aren't that many unboxing videos on this. I think I only found like two or three on YouTube, so I'm definitely top 5, I think, in terms of this card unboxing.

So anyway, you guys, I hope you enjoyed it, and again, I hope this didn't come across as like the wrong way of like some weird flex or anything like that. I mean, people get new cars all the time; they show off like they're in brand new Lambos and Ferraris and some... but you know, I show off a new credit card. So like that, that's this type of channel. And not flexing on like, you know, mansions and stuff like that. No, I flex duplexes and credit cards.

So if you want to see more duplexes and credit cards and Lotuses in the back, make sure to smash that subscribe button, smash that like button, smash that notification bell so YouTube notifies you anytime I post a video. Also, if you followed me on Instagram, which you absolutely should, just follow me on Instagram, you would have already seen like a week ago. I think I posted YouTube videos like a week later after I post little stuff like that on Instagram.

So if you want to be early on this stuff and know what I'm about to unbox before I even post about it, all right—definitely add me on Instagram. Also, I have a private Facebook group in the description for anyone who's interested in real estate, real estate investing, real estate agent, real estate mentoring, real estate coaching, real estate t-ing, anything in real estate. The link to that is in the description.

Thank you guys so much for watching, and until next time. Oh, by the way, one more thing I totally forgot to mention is that the other person who has this card told me to be aware of metal detectors because this card will set them off. That is absolutely insane if a credit card can set off a metal detector, so we may have to go and test this out.