Unboxing the Invite-Only $10 Million Dollar JP Morgan Reserve Credit Card: Worth $550?!
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- Опубліковано 2 жов 2024
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Unboxing the JP Morgan Reserve card, how to get it, and how it compares to the Chase Sapphire Reserve.
Timeline
0:00
0:17 Unboxing the J.P. Morgan Reserve Card
1:50 How much does the JP Morgan Reserve Card Weigh?
2:16 Drop Test
3:06 JP Morgan Reserve Benefits
4:25 Intro Bonus
5:52 Super Powers
7:41 How to get the JP Morgan Reserve Card
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Sugar Daddy Sebby 😂
A couple lesser-known benefits you didn’t touch on. The card has a hidden trade line. This means the balance doesn’t show and doesn’t affect credit score. In fact, Experian doesn’t even show having the card. There are no cash advance fees, so no need to carry a bank card when traveling. The credit line is flexible; you can go over as long as you pay it in full. They need to add the benefit of letting JPM skip the Sapphire lounge lines like Amex does for Centurion.
Good to know! Yes, skip the line + reserved seating would be a great benefit.
Idk what you're talking about. I show the same rate for purchase APR as Cash Advance APR for my JPMR on the chase app right now. I don't have the agreement anymore so don't know if there is a fee but cash advances typically compound daily so you'd need to pay off the balance immediately online. I guess that would work if you don't have a debit but have this card with you, but there are certainly fees.
@@mark.harvey you’re not charged 5% for cash like with Sapphire reserve. Of course there are interest fees if you don’t pay it off ASAP, but that’s a non-issue.
@@Cajun-x3x I mean I don't want to pay even 1 day of interest for something I can get for free. I can't think of a single scenario I'd have my physical JPMR but not my phone or debit card.
@@mark.harvey agreed. your still charged daily, whats the point.
💠 damn Sebby you made it.
Haha no, borrowed from a friend who recently got it. One day!
@@AskSebbyno way! I thought you were there, too!
Don’t worry. It’s for his “friend”.
Hopefully, Chase revamps the CSR as well as the JP Morgan Reserve in conjunction with the rumored Emerald cards
10 million in assets and nothing really exceptional except being a flex. Even Amex Charle Schwab has a nice benefits that differentiate them but damn JP Morgan is just like here take the reserve but in Gray
CS one is better caz u get 1k statement which means they pay you to hold amex plat
@@Theaverageazn247 1K? I’m sure is around 100 & 200 statement credit depending on your investment account balance
You're a 💎 Sebby. Thanks for all the credit card information.
If they added United Club access to the CSR that would make the CSR worth it again since PP restaurants is no more. Even if it’s limited to a certain amount of visits per year 💎
Honestly, I’d be okay with an annual fee increase if they added United Club access. I’d be able to get rid of the Club card!
@@jokerwonga if the platinum comes with Delta Sky Club it isn’t so far fetched to think the CSR should come with it. Even if the AF is close to the platinum I’d be fine paying that for United Club access
United Clubs are crowded enough...I hope they don't add it.
@@linkzinvestagreed. The clubs are barely usable as is.
@@linkzinvest Can guarantee that they won't. Even if we cut the face value of $650 in half, that'd still be a $325 benefit they'd be adding to the CSR, a product that Chase Bank struggled for years to make profitable.
If they ever did, it would become a perk on the "even higher tier" $1-1.5k annual fee card that gets rumored every few months.
This video reminds me so much of the OG Ask Sebby Unboxing videos - love ittt - 😊😊
Thanks! :)
The $10M requirement is a lot but not obscene; it's the $10M "with Chase" that's tough. Feels like Chase isnt competitive as a brokerage or for savings so not sure why to use them
If you have $10 million invested with Schwab, they will pay for the $695 AF on their Amex Platinum card and also give you enough to pay the $250 AF on an Amex Gold too.
@FlintIronstag23 Did you see the new update on the schwab card? Apparently, now you can only cash out a maximum of 1m points at the 1.1 cpp rate. After that, you'll only be able to redeem points at a rate of 0.8 cpp. This goes into effect in Oct.
@@FlintIronstag23 they give u a 1k credit statement if u have 10 mil. So its free but if you had 10 mill i am pretty sure the dividends would be more than the 1k
Very similar to their Ritz packaging on the inside of the box but a much better box.
If you have 10 million with jp morgan private client you're paying $40,000 in aum fees just to get a different version csr.
Great video as usual. Thank you! 💎
I didn't think it outside the realm of possibility that you were unboxing your own card. 🥂😂
Nice touch zeroing out the scale with the tape on it, and adding it to every card.
One day! 🤓
💎Looks like JP Morgan switched their card blanks. The older JPMorgan card and the original Palladium card both weighed 28-29 grams. Not saying that your scale is a little off, but the old Ritz Carlton card weighed 2 grams less than the Palladium. Besides the credit card not showing up on credit reports, a cardholder can charge up to three times the "credit limit" with the minimum being set at $50k. They used to have a dedicated concierge line--it has been mixed into the "Executive line." Anyway, great video as always Sebby! I'm a total fan. :)
Yep when Amex switched the centurion to a regular card they said that the thicker cards, like the Ritz and Palladium use to get stuck inside ATM machines? 🤷
This is the 4th version of the metal card. It’s also the best, unless you care about weight, which most people don’t.
The concierge is still a separate number from the executive service line. The concierge is worlds better than Amex Platinum.
@@Cajun-x3x Thanks Cajun! I guess I hardly ever use their concierge service anymore. When this card changed its identity from the Palladium card back in 2016, the concierge line changed and became the JPMR/Infinite Concierge line. I specifically recall their staff greeting the caller with a "Thanks for callin the Executive line." It's good to hear that they are separate now, and maybe I'll try them again in th enear future.
@@Castellan_Chris I don't know about the metal cards getting stuck in ATM machines--never found the need to use it in that manner. The card used to set off the metal detectors, so Chase used to give a non-distinctive purple plastic version of the card specifically to go in "incognito mode."
@@davidku236 the concierge line rings through as JP Morgan Reserve travel. You should revisit, they’re really good. They cant always deliver, but they put in the effort and follow up promptly.
That spydie slysz Bowie was a nice surprise
Do you have any info on the NEW JP Morgan Private Client? Its being offered to former First Republic clients. Will they be eligible for this card?
The ritz card and the J.P. Morgan Reserve card actually have a lot in common as they are both under the same bank and they both share the same concierge
Is the one you received solid metal again? They've gone through several redesigns and when they made them contactless this last time (after everyone complained about the dark color design), they made it plastic on the back and metal on the front. They said this was so the contactless transactions would work. Sort of like the current AMEX platinum.
Not that I care but the newest version of the CSR is 17g. As I stated, I don't really care but it does have a lovely hand feel
I’m back from 4years ago Sebby up , super powers 💎 💪
Pockets aren't empty lol 💪🤑
Congratulations. I am glad I am not missing out on anything
💠 Completely unrelated question if you have time.
How do you manage three aspire cards to use the 200$ resort credit?
For example booking 3 nights on fnc's and using services like dining and spa. At check out you can only use one card right?
Any tips would.be appreciated . Thanks
💎I saw the Slysz Bowie at the beginning of the video and was wondering if that's a one off nice knife that you have or if you collect them? If so what are some of your favorite pocket knives?💎
KnifeJoy Edition 🫠 Also have a Sebby 21.
@@AskSebby lol you're better than me man! I meet most of my SUBs with my knife collecting addiction. 😂 Sebby is a classic and great for the pun! 😂
💎 surprised the benefits weren't much different.
What new benefits are rumored to be included for CSR this year?
I carry the JPM card and the AMEX Platinum. They are the only two cards I need and I accumulate tons of points for travel every year. If you want a Centurion card for “status”, be aware that you only get 1 point per dollar spent for air travel. The Platinum card is much more generous (5 points per $1) and the JPM card is great for restaurants (3 pts / $1) and for booking travel, cashing in $1.5 per point to pay for airfare.
Anyone have tips on how to explain to your significant other why you’re watching a video with in depth descriptions of the sounds of credit cards being dropped? 😂😂 Nothing says you’re deep in the cc game like enjoying watching the drop tests! Keep up the good work 🤙🏼
😂 😂 😂
1:17 oh hey, that’s me! Hope I didn’t get you in too much trouble 😅 💎
Manager worth it in 2024? I imagine the fees for 10mm invested would be 100k a year with JPM. Vs just buying a ETF and HODL!
YMMV. Self directed brokerage also counts!
💎 I think some of the exclusive cards have average benefits cause they can. People get them for the street cred not the benefits. I run a chase Amazon visa, savor one, AAA visa, and Hilton Amex. I don’t feel braking down the hard #s I’m losing much to people running top tier cards.
To go from $150k Private Client to $10M is a crazy big jump! Not much in between for most people. VERY curious about the new Chase card. Purposely keeping myself at 4/24 for that card! 💎
The box and presentation look similar to how the Bank of America Premium Reward Elite credit card came.
Also the AMEX DELTA Reserve card
Best drop sound is the titanium Apple Card
Its very hard to get the card anyway
2:40 Oh how I miss the old school Ritz card’s CLANG when thunked down on the table
💎I wonder if they have plans to refresh this card as well. I know you're aware of the rumors about the emerald card. You also forgot to mention the new tier in between CPC and JPM Private Bank. Which is the JPM Private Client. The minimum for that is $750k in assets with the firm. Would definitely like to see your pov on this.
I think it’s a security risk to have a credit card that exposes your net worth. I wouldn’t want people to know I am worth at least $10M bc of my credit card. That just puts a target on your back that is not worth any credit card perk esp when you can get just as good of perks in other ways.
How do you have a 10 million net worth? Curious because I don’t think UA-cam pays you that much.
💎 Silly question but where's your clear plastic card container from?
The Container Store
I JUST WATCHED A MAN IN GLASSES UNBOX A CREDIT CARD O_O)o
Rumor is you need at least $10 million in assets under management , to qualify for this card.
WOW! I am 11Million Short????
Im confused, so can you get it with everday options and just have $1500 in assets and get the card? 💎
Nice unboxing I’d rather hold the Amex Platinum which I do, Amex will always be the better and more luxurious option for all travel.
@@shawn.credit they’re not even close. Amex Platinum is handed out like candy and is pretty mid in general. JPM customer service is leagues better and JPM concierge is on another level. Sapphire lounges are also nicer and not overcrowded like Centurion.
@@Cajun-x3xTo each their own Amex is more useful and available to folks that travel and want the travel value and perks.
💎 Would like to see 2-3x on entertainment spend with sapphire cards.
I want that Ritz card!
JP Morgan Reserve has to be the heaviest credit card I've ever felt
💎💎Congrats on qualifying for that card! I think I remember you saying you were from humble beginnings; that's fantastic to hear how successful you've been. I bet your parents are very proud of you. As for the CSR refresh, I think they should make the base multiplier 1.5x on everything. That might just be because it's something I'd like to have. 😉
It's not his card, it's his friends!
"Sebby!” 🤴🏼 king of the CARD DROP 💳⬇️👇🏽BOOM
💠💎 would've been a good time to talk about that rumored chase Sapphire emerald card which is probably the middle ground between this card and the reserve.
There's not much middle ground here 😬 Hopefully the CSR and JP cards get major revamps if the rumors are true.
One day . . . 💎
Awesome video Sebb! Why don't you just apply one. I know you can. 😉 From that interview you did awhile ago lol You can have this and centurion both!!!
Step 1: Get $10 million in assets 😛 One day!
are these types of reward cards worth getting if you dont travel alot?
No, the CSR/JP/Ritz cards are all designed for frequent travelers.
Daddy Sebby deep pockets😊😊
💎 Sounds like the CSR has better lounge access. It doesn’t sound like this card has unlimited access to the Sapphire lounges.
The JP Morgan + Ritz cards both have unlimited access to Sapphire lounges.
💎💎💎 Wow, nice going Sebby. Us plebeians can only dream, lol. I guess CSR is my only option. Not a Nvidia employee or a content creator 😂.
Haha no, borrowed from a friend who recently got it. Can't pass up a good unboxing video. One day!
Ritz Card also has JPM Concierge right? So JPM card is CSR+RCC+UCC. 💎
Yes, there is a separate concierge line.
Kind of stupid dropping the cards on the scale.
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OK, I have the JP Morgan Reserve Card and tried to get into the SFO United Lounge with a same day United Flight and was told that the JPM Reserve Card does not allow access. So what’s the secret password to unlock the benefit?
After watching videos like this it’s fun to watch videos from guys like Caleb Hammer who talk to people with absurd credit card debt that they have no means to repay. So predictable.
The greatest risk to financial well being is our own egos. That’s a good thing to remember when opening the pretty box. Remember too that the collection letters will come in plain white envelopes. No more pretty pictures of aspirational wealth. No more BS language about how special or deserving you are. Just “YOU OWE US” in plain black and white text.
Can you clarify "S-tier"?
Ok the biggest question I can’t seem to find a good answer to is this: with a two player system with myself and my spouse, is it better to refer each other to cards one of us has to double up on each card or to have each of us have different cards?
I started with the Chase Sapphire Preferred and then got the freedom unlimited and she just got the Chase Freedom Flex. Should we next refer each other to this cards and get SUBs and referral bonuses but have duplicate of two cards with obviously the same multipliers or should we continue getting different cards to more quickly cover all our categories and get cards from different banks like AMEX, CapitalOne, Citi?
SUTTLE FLEX !!
Drop test on a credit card what lol
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I liked the way you tried to convey thickness and material. The thickest most durable one I have held is Amex Plat, more than Chase cards. Have had to replace Chase Sapphire card over time.
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Access to United Club is cool
Unless JFK is your home airport:(
Weighing your credit cards? Now that's some boring content! 😂
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Nice card. I was taking a look at it not too long ago. Unfortunately my family and I don't meet the minimum requirement for JPM Chase Private Banking & the Card.
Yo Sebby...another great entertaining informative video... definitely on my radar to get to JPMorgan Wealth Boss Status...one day....take care my guy...💎💎💎
Why $10M?
This is a pretty weak card if the benefits are exactly as described in this video.
This is yours?! Yo bro wow
Haha no, borrowed from a friend who recently got it. One day!
Me too! I love your videos man keep it up. You’ll get there I believe in you
💎💎💎
Difficult to obtain
I’m at 4/24 right now. I know business cards usually don’t count towards 5/24 but does that require using an LLC name or can I apply with my name to stay at 4/24?
You can apply as a sole prop.
Impressive! 😃
💎💎💎
Is the real purpose of this video to flex that you’re a deca-millionaire 😉😉💎
@mandyroams do not get in trouble sebby 😂😂😂
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Congratulations ❤🎉, 👌 Wow, you're balling 👏 $$$$$$$, Nice, $$$$$$
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wait so did i get this correct.. any of the banking options you gave, if i meet the target assets of any of the options you put up, i can get the J.P. Morgan Reserve? or is it only if you meet the private client requirement..? 💎
😮😮😮😮
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Now you are an Elite card holder
I can downgrade my Chase Sapphire Reserve and apply for the JP Morgan Reserve and get the bonus miles.
Makes sense, it's the same benefits plus some more.
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Nice. Thank you.
🙌
💎 It’s a little strange to me that such an elite exclusive card like this isn’t really much better than a CSR. It doesn’t matter to the people who actually get invited to it, but still I would think there’s more to it.
Agree, it's like they didn't put much thought into it. Hopefully the suite of cards get a revamp soon!
FIRST!
🥇
What do you do for a living?