Chase has sent out a letter to it’s J.P. Morgan Palladium Cardholders that on July 17th their card will be converted to a J.P. Morgan Reserve card. The J.P. Morgan Reserve card is basically a carbon copy of the Chase Sapphire Reserve card, the only difference is that the card looks different.
There are a couple of important things to note for existing Palladium cardholders.
- You will receive a $145 annual fee refund
- You can continue to use your Palladium card until it needs to be replaced
- If you’ve spent $75,000 from the beginning of your card member year through July 16th you will receive 35,000 bonus points
- If you requested United Club membership (unpublished benefit) you will keep this benefit with your new card
Given that the Palladium card is targeted towards people with $10,000,000+ with J.P. Morgan it’s surprising that this card doesn’t come with additional benefits compared to the Chase Sapphire Reserve. Chase Private Clients also don’t get any increased benefits and are directed to apply for the Chase Sapphire Reserve as well.
Hat tip to VFTW
I remember when people went crazy faxing in apps for the jpm R. And I think they all got canceled. It was a sad moment.
Dang. I really feel bad for the 2 readers you have that this affects.
could you direct me to your website where you spend your free time to do everything possible to put money in your readers pockets?
Absolutely. It’s the same website that allows me to have financial relationships with many of the companies I talk about. “Free time” is never free.
Thin skins and internet comments don’t get along well together.
Although many people do benefit from this site you do realize that DoC is a business, correct?
Not sure why you would feel bad for them, the new product is a better option.
“Sarcasm”
Next time be a little less subtle.
There are a few incremental benefits this card has over the CSR. The card grants access gives full United lounge membership to all card holders and it waives certain fees such as late fees and cash advance fees.
Does the new CSR automatically include that lounge access or does it need to be requested like the Palladium?
You need to call and request, but it is a benefit, and has been since I got the card last year.
Ok thanks :), same as the old Palladium then in that regard.
Do peple with 10mil really care about churning and points? I get a lot of them arw smart w money and frugal but do they waste their time playing this game? reminds me of the scene from “casino” where the japanese whale would take shower towels from ace rothsteins hotel.
i remember hearing on Dan Harmon’s podcast (a rich-ish TV producer) that he was using Uber a few years ago, and when he looked at his phone to pay, it asked if he wanted to use his Member Rewards points, and he had over a million of them.
Imagine have a 1M point balance and being completely unaware of it. not because he’s an oblivious ivory-tower-dweller, just that he didn’t use the Amex to gain the 1% (or whatever) reward.
It’s like how i discovered i had ~400,000 points in my Verizon account. I didn’t even know it was a thing, and even 400K points there are basically worthless.
Yes and yes. It doesn’t suddenly become fun to pay full price for things (i.e. international first class tickets) just because you have more money. On the contrary, you’re more attuned to the fact that people are probably trying to rip you off just because you have more money and “can afford it”
Varies by person obviously. I know we have some extremely high net worth, active readers for example that would fall into this category.
Do some readers actually tell you their net worth or are you assuming this based on something?
They don’t tell me their networth but it is evident based on the products they have available and the questions they ask. (E.g if somebody is naturally spending $500,000 on a credit card a year and has access to the Palladium card then chances are they aren’t poor).
I don’t think that’s a good analogy. The example you gave is a crime.