The JP Morgan Reserve - My Grail Credit Card - What's yours?

In this video I will go over my Holy Grail Credit Card and I'll explain why. What is your Holy Grail Credit Card? Amex Platinum? Chase Sapphire Reserve? Or something more exclusive??
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[@jonathanlosa399]

So the Jp Morgan reserve is mine too. Some people will choose the amex centurion. However, having the centurion just means you spend a lot, which may or may not be a reflection of your net worth. If i had the jp reserve, it would mean that i have made it to a point in life where i have over 10 million in tangible, probably liquid, assets

[@TheSlayer2080]

You don’t need 10. I have it and I’m well under. You just need to have a good relationship with your banker and probably over 3M-4M

[@LukesPointsandMiles]

Thank you for the data points. I thought it was a little more attainable.

[@TheSlayer2080]

I have one- it’s just ok but is a neat flex at business meetings.

[@LukesPointsandMiles]

Nice!!

[@TheSlayer2080]

@@LukesPointsandMiles It also means you have 7 figures with JP Morgan. Shipmate :)

[@TheCreditFrog]

If it doesn’t have an initiation fee of $10k, not sure if I’d want it. The JPM Reserve seems a little more reasonable though 😂. Gotta keep working on that net worth!

[@LukesPointsandMiles]

Never stop!! But I’m such a long way off!!!

[@AnthonyVenture]

Hell yeah! It’s not about the card, it’s about where you’ll be once you get the card haha, at least a few easy millions ha. Nice Luke, you know it’s very true, the highest end cards leave a lot to be desired, it’d be nice to have a goal even beyond CSR, VX, Platinum etc.

[@jimmyjames6492]

Jamie Dimon approves your message 👏👏👏 My Holy Grail cards would be both the JPMorgan Reserve and AMEX Centurion. Thanks for the info + video!

[@LukesPointsandMiles]

Thanks for watching Jimmy!!!!

[@newagain9964]

Dimon doesn’t like credit cards tho. He tolerates the business. But he does love private wealth mgt division.

[@IanMaschal]

Short, sweet and to the point. Love this channel.

[@LukesPointsandMiles]

Thanks for watching, Ian!

[@arteephact]

Just realized I wasn't already subscribed...now corrected. Thanks for your great content Luke.

[@LukesPointsandMiles]

Well thank you!!

[@SpartanOfFinance]

My dad had an '86 SS. I looked so cool driving to my senior prom in that car.....

[@LukesPointsandMiles]

Man! Thats such a cool car!!

[@LukesPointsandMiles]

@@davidwilliam9451 oh that’s cool!!

[@kinart2543]

If anything, I have my eyes on the Bonvoy Brilliant, because of platinum status . I'm no longer into watches or knives, but there's some fantastic pieces out there. Current into cuban cigars and the occasional bourbon.

[@LukesPointsandMiles]

I had a great cigar when I was in Panama 🇵🇦!

[@AlexanderKnox-pj4uq]

I’m a client with JP Morgan the card is very secretive but I can say this the invitation comes as soon as you join the private bank or JP Morgan advisors account

[@LukesPointsandMiles]

That’s cool!!

[@BruceLeeCredit]

It's the Ritz for me. Ritz fanboy here, and it is not so much the card but the yearly lounge upgrade certs that would make it the Holy grail for me. Because if I could ever use those credits; it means I got that net worth and cash flow that scoffs at 1600 dollar and up rooms per night. 😂

[@LukesPointsandMiles]

Ha! Those are pricey nights!!!

[@user-wh1ti5cl2c]

Thanks for the video. And yes that monte carlo ss is a gem. My new grail card at the moment , is the Wyndham business earner Simply for the status in las vegas. I am still sore at MGM for ruining my explorist status. Sorry I had to vent.

[@LukesPointsandMiles]

Haha its OK. Venting is authorized here!

[@kura_bot]

never really thought about my grail, I guess that would be a BoA Premium Rewards Elite with Platinum Honors preferred rewards tier, for that 2.62x back everywhere

[@LukesPointsandMiles]

Nice!!

[@JuanGarcia-hr1wf]

Nice video Luke. I can see the Grail aspect on the JP Morgan Reserve. Personally the Amex Centurion black card is my "grail" card

[@LukesPointsandMiles]

The black card seems to be on a much different level!!

[@JuanGarcia-hr1wf]

@@LukesPointsandMiles Exactly - "To the moon Alice!" 😂

[@krs1905]

Someone please add Luke as an AU to their JPM Reserve Card.

[@LukesPointsandMiles]

Haha!! Then it’s game over!!

[@krs1905]

@@LukesPointsandMiles Luke, I promise the first thing I would do if I got the JPM Reserve Card would be to add you as an AU.

[@LukesPointsandMiles]

@@krs1905 I appreciate it man!

[@LukesPointsandMiles]

@@krs1905 I appreciate it man!

[@basnetgl]

Great video, Luke! The exclusivity and status thing is nice. I get this. In the poorer areas of the country it is neat when you pull out an Amex gold card. This would be a grail card for me too, along with the Centurion (black) card. Only thing is that I would have no real use for the features of these cards given my lifestyle. Maybe one day I will get a fancy UBS card. There aren't many of those around.

[@LukesPointsandMiles]

Yeah the UBE card would be cool!!

[@basnetgl]

@@LukesPointsandMiles It is a card that we could reasonably hope to get. Thanks for always responding, Luke.

[@jyk000]

One day I’ll get my hands on that black card

[@LukesPointsandMiles]

Such a baller card!!

[@aaront936]

I dont think id ever bother letting jp Morgan chase manage my portfolio. Aum fees alone would make it a losing deal.

[@LukesPointsandMiles]

Fair enough

[@aaront936]

Essentially a $40,550 annual fee CSR

[@LukesPointsandMiles]

@@aaront936 interesting take!

[@creepii91]

Finally here under an hour. 😅

[@LukesPointsandMiles]

Early day for you!!

[@scarling9367]

Hilton Aspire or Venture X. 😆 I dont get out much. We take a Chicago trip from time to time.

[@LukesPointsandMiles]

Nothing wrong with that!!

[@curmudgeonextraordinaire1884]

The JP Morgan Reserve says wealth. The Centurion card says flash.

[@LukesPointsandMiles]

No arguments from me

[@benchoflemons398]

According to Graham S there’s a lot of wiggle room in that 10 mil

[@LukesPointsandMiles]

Yeah I thought so. I figure the relationship is most important and not numbers.

[@MontyTheCardNerd]

Nice one Luke, this is probably my grail card too. The Amex Centurion would be cool but that $10k initiation fee + $5k annual fee is way too much.

[@LukesPointsandMiles]

Yeah that would be very tough to pay those fees!!

[@user-wh1ti5cl2c]

I have a sneaky feeling that if you spend enough to qualify for the amex centurion card. You wouldn't be concerned about any fees

[@LukesPointsandMiles]

@@user-wh1ti5cl2c that’s very debatable. I live in a part of the country that’s full of next door millionaires and even the high spenders wouldn’t dream of giving $10k to enter the room.

[@user-wh1ti5cl2c]

@@LukesPointsandMiles Now that's a fair point. Even if I hit the lottery and became a very rich. 10 G's will always be hard to kiss goodbye to.

[@thejokerspeaks]

A super CSR or Centurion can be a great carrot to get us where we need to be. I would hate to park 10 mil in Chase just for the card, unless that's the actual % you want in a brokerage, and their brokerage anyways.

[@LukesPointsandMiles]

Oh they would need to lower that 10 Millie for me.

[@thejokerspeaks]

​@@LukesPointsandMiles Me too, absolutely. I have half my money parked in land/gold/crypto, so Chase wouldn't even see it. I do have a goal of 1 mil in MLP stocks, a ongoing 10% dividend doesn't sound bad for retirement.

[@LukesPointsandMiles]

@@thejokerspeaks doesn’t sound bad at all!!

[@bagelsquare]

100% the grail card since I already have a United Club Infinite and a Sapphire Preferred. Would love to combine them. Although I would still need to maintain a United card to keep access to extra award availability etc.

[@LukesPointsandMiles]

Yeah not a bad idea!

[@IanMaschal]

Is it extra untied reward availability or partners as well?

[@bagelsquare]

@@IanMaschal Just United

[@LukesPointsandMiles]

@@IanMaschal nah I think you still need a United card for that.

[@IanMaschal]

@@bagelsquare thanks

[@mintico]

Make me liquid Jamie. Make me Liquid!

[@LukesPointsandMiles]

🤣

[@Excalibur_86]

Grail card is definitely the amex centurion card but not sure if it’s worth it even if i am invited. It is a grail card but not something i will seek.

[@LukesPointsandMiles]

I think we need to go over the definition of “grail”. Haha

[@Excalibur_86]

@@LukesPointsandMiles you right since im not eagerly pursuing it then i guess it is not a grail item haha

[@LukesPointsandMiles]

@@Excalibur_86 🤣

[@AP_808]

Amex Centurion for the same vapid and shallow reasons as the JPM Reserve

[@LukesPointsandMiles]

🤣

[@thedufloth]

Great video Luke. I think the only downside is the fact that it is a credit card so you will have it limited. I know someone who has the card with a 50K credit limit. I think that why most of wealth people will choose the Centurion card instead.

[@LukesPointsandMiles]

That makes sense. I really thought this one was actually attainable. I’m not sure I’d be interested in paying the AF on the black card.

[@curmudgeonextraordinaire1884]

If you wanted no preset spending, you could just use the Platinum and save thousands per year.

[@LukesPointsandMiles]

@@curmudgeonextraordinaire1884 not sure I understand. The JPmReserve is cheaper than the platinum.

[@thedufloth]

@@LukesPointsandMiles For someone to quality for the Centurion Card I think they don’t mind at all the AF. 😅

[@DugrozReports]

🏆

[@IceIcelce]

The Holy Grail doesn't actually exist right? So in that case, my grail is 100X Miles credit card. Infinite money!!!! In seriousness just gimme the benefits of the Amex Centurion, and combine the multipliers from the Platinum, CSR, Amex Gold, C1VX. That's my grail! And seeing as I can get all the other cards except the Amex Centurion, that makes the Centurion my actual "real life" grail.

[@LukesPointsandMiles]

I don’t think anyone mentioned The Holy Grail. There is a separate definition for a “grail” and yes, in theory, it should exist

[@Nick-1828]

If they made the JP Morgan Reserve the new CSR I’d gladly pay $650 for that. Now they’d have to revamp the JP Morgan Reserve but at least I’d be happy 🤷🏿‍♂️

[@LukesPointsandMiles]

The United club membership could be pretty powerful

[@ZeusAdvocate]

My question do people that hold this card even care about the points it earns

[@LukesPointsandMiles]

Check the comments section. We have folks here that watch the channel that hold the card

[@silkyjohnson3211]

What’s your grail watch?

[@LukesPointsandMiles]

That’s a good question. Not sure I have One just yet. Right now I would say Gold Omega Speedmaster.

[@AP_808]

@@LukesPointsandMiles 🔥🔥🔥🔥

[@x1928]

For that AF and those benefits, why would you even want the Amex Platty when entering this club.

[@LukesPointsandMiles]

Centurion Lounge Access!!!!

[@x1928]

@@LukesPointsandMiles you mean wait in line for an hour for lounge access amongst peons while you're worth more than $10M haha. I get it tho. Just lately people at the centurion lounge act like they're kings and take up an entire family booth while others wait.

[@x1928]

Here's a video idea for ya, what's the best lounge and how to maximize that lounge. I hear all sorts of horror stories and misinformation such as wait list from the app or by calling in.

[@LukesPointsandMiles]

@@x1928 yeah I guess you’re right

[@LukesPointsandMiles]

@@x1928 my favorite strategy is to have access to all of them. Haha

[@kevinManhattan]

I like them both. This is sublet, introvert flex, and centurion is extrovert flex. One you really need to be in the know, the other, the Color of it says it all. All I need is about 5 to 10 mil and spend a lot and maybe I will have both. Both of they really should include some type of higher hotel status/lounge access/flight status though. Like automatic explorist, United and Delta Lounge, United Premier Platinum, Marriott Titanium etc. B

[@LukesPointsandMiles]

That’s a lot to ask for!!

[@CesarJoel]

Fun video Uncle Luke! It does look 👀 nice! If they add Hyatt Globalist, I might call my private banker to send me one of those😂 Keep up the great work hermano!🫵

[@TheSlayer2080]

Considering how much you need to have invested with JP Morgan and the associated fees, this should be free along with Hyatt Globalist.

[@LukesPointsandMiles]

Hyatt would never agree!!! Those 5k cards would dilute status too much for them! Ahaha