JP Morgan Palladium Card Benefits Revealed

Posted by CreditCardGuru

Will the black AmEx Centurion reign king of the credit cards? Maybe not with the new J.P. Morgan Palladium Card from Chase…

Upon its launch in ’99, AmEx instantly defined the ultra premium credit card tier with its Centurion – a card for the millionaires and billionaires that charge at least $250,000 per year to their card (but often times, much higher than that). There have been others that have trickled on the market, such as the Citi Chairman and the BofA Accolades (both of which have been discontinued since). Most would agree the Centurion has maintained its spot as the top dog.

jp morgan palladium credit cardWell all that may change thanks to the JP Morgan Palladium Card. Forget titanium, which the Centurion is made of. This bad boy is minted out of palladium and 23k gold and laser engraved with cardholder info. We all know what gold prices look like these days and with palladium hovering around $800+ an ounce, just the physical card in and of itself would probably fetch up to $1,000 or more if melted. Hmm…I hope cardmembers won’t be “losing” and requesting replacements of their Palladium!So what does the JP Morgan Chase Palladium Visa card offer besides being worth a boatload of money? Well the website is just a single page that really doesn’t tell you anything about this credit card. However, I was able to work my contacts at Chase and they agreed to overnight me a benefits guide (which could better be described as a book) to help me write this credit card review. They also answered all the questions I had about it and as far as I know, this is the first time all of these details about the card have been revealed on the the web!

 

benefits guide for palladium card

When it arrived, I couldn't wait to dig in and discover the secrets behind the Palladium Card!

What are the Palladium card qualifications?

First and foremost, I will answer the question that I know is on everyone’s mind… what are the requirements for the Palladium card?

The JPM Palladium Card doesn’t have a specific annual spending threshold you need to meet like the AmEx Centurion has, but rather it has an even tougher requirement… you need to have a private banker in order to qualify! It’s only offered to private banking clients of the JP Morgan Private Bank, Investment Bank, Treasury Services or Commercial Bank.

If you’re thinking about becoming a Private Bank client, good luck with that! According to Barron’s, the average client has $30 million at their bank! For this reason, the J.P. Morgan Palladium Card annual fee is only $595… that’s nothing considering the value of the metal alone is greater than that.

As my contact at Chase explained, they don’t need to charge an annual fee in the thousands like AmEx Centurion does, because the average Palladium cardmember already has $30 mil invested at their bank and that’s how they can afford to practically give away the card to ultra high net worth individuals.

What are the benefits?

The benefits guide (book) is a staggering 57 pages long so I won’t go into great detail for every one of the benefits, but I will list all of them below:

Palladium Concierge

This is the top tier concierge service that is only offered on the Palladium card. Aside from the usual travel planning, dining reservations, and event ticket procurement, the guide states that they will “provide you with a virtually limitless array of unique offers, time-saving conveniences and personalized insider expertise.”

Ultimate Rewards

The JP Morgan Palladium credit card participates in the Chase Ultimate Rewards program:

  • 2 points per dollar spent on travel
  • 1 point per dollar everywhere else
  • No caps or expiration
  • A bonus of 35,000 additional points after you spend $100,000 annually

Points can be used for almost anything. My favorite benefit is the ability to transfer Ultimate Reward points on a 1:1 basis to British Airways, Marriot, and Priority Club. There are other cards that participate in this program that you can learn about here: Chase Ultimate Rewards

Unlimited Priority Pass Access

A good number of Palladium Card holders fly by private jet (which I will discuss in a moment) but if they happen to be flying commercial, they can enjoy unlimited complimentary access at over 600 airport lounges across the globe.

Marquis Jet Perks

As a Berkshire Hathaway company, Marquis Jet has access to the world’s largest fleet of private jets. For those with the JP Morgan Palladium, additional perks and benefits will be offered on Marquis Jet, including a free hour of flight time with the purchase of your first 25-hour jet card. To put that in perspective, the value of that exclusive Palladium card benefit ranges from $5,716 to $14,716!

British Airways Benefits

Even if you typically fly private, maybe you want to be green and skip your gas-guzzling Gulfstream V ride to Europe? If so, with the Palladium you will receive these two benefits on British Airways:

  • Complimentary upgrade to first-class with each purchase of a full-fare, non-restricted, round-trip business class ticket from the U.S. to London
  • Complimentary companion ticket for each full-fare, non-restricted, round-trip business class ticket from the U.S. to anywhere British Airways flies.

Travel and Purchase Benefits

Okay there a ton so it will be simplest to list them as bullets:

  • Automobile Rental Collision Damage Waiver (primary)
  • Roadside Assistance (up to $50 per incident)
  • Emergency Evacuation and Transportation Coverage (up to $100,000)
  • Travel Accident Insurance (up to $1,000,000)
  • Repatriation of Remains (if you die while traveling, up to $1,000 will be paid to bring your body home)
  • Emergency Medical and Dental Coverage (supplementary up to $2,500, may be subject to $50 deductible)
  • Trip Cancellation/Interruption Insurance (up to $5,000)
  • Trip Delay Reimbursement (up to $300 per ticket, to cover lodging, meals, etc. necessary due to your delay)
  • Baggage Delay (excess coverage of up to $500 for emergency purchase of essentials if baggage is delayed 18+ hours)
  • Lost Luggage Reimbursement (“up to amounts you actually paid for luggage and its contents”)
  • Hotel Burglary Insurance (up to $1,000)
  • Travel and Emergency Assistance (arranging for money transfers, emergency translation services, legal referrals, etc. while traveling)
  • Purchase Protection (up to $10,000 per claim/$50,000 per year)
  • Return Protection (for eligible returns not accepted by the retailer within the first 90 days, up to $500 per item, $1,000 per year)
  • Price Protection (up to $500 per item and $1,500 per year)
  • Ticket Protection (for unused, non-refundable ticketed events that cannot be attended due to covered reasons, up to $500 per event ticket, $2,000 per event, and $4,000 annually)
  • Visa Warranty Manager Service (up to one additional year of coverage for purchases with a U.S. manufacturer’s warranty of 3 years or less)
  • No foreign transaction fees
  • Add-on fee waiver (late fees, over-limit fees, cash advance check fees, and return payment fees are waived)

Disclaimer: The above is a summary only that was listed in the Palladium Card benefits guide as of February 2011. Benefits are subject to change without notice. Please consult the card issuer for the rules, limitations, and restrictions applicable to each benefit.

What’s the credit limit?

The JP Morgan Palladium Card has no preset spending limit. Something unique it offers (that the Centurion doesn’t) is that cardmembers have the option to revolve a portion of their balance if they prefer not to pay in full each month… and hey, that might be useful if you want to drop $2 mil on a new Bugatti Veyron 16.4 Grand Sport that could take a couple months to pay off. The benefits guide points out the card also comes with “generous cash lines” accessable through ATMs and banks using a PIN.

Verdict?

Over the last few years some benefits on the Centurion card have been scaled back and/or eliminated completely. If I was American Express, I would strongly consider bringing them back and adding new perks, because the JP Morgan may very well become the new king of credit cards!

How do you feel? Would you apply for a JP Morgan Palladium Card if you met the requirements… or would you opt for the Centurion? Share your thoughts in the comments below!

Speaking of premium cards, surprisingly the $450 AmeEx Platinum has almost the exact same benefits as the Centurion black card (and without that crazy $5,000 initiation fee). Don’t believe me? Take a look at my AmEx Platinum review and compare for yourself!


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Editorial Disclosure: The editorial content on this page is not provided by any bank, credit card issuer, airline or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

178 comments... read them below or add your own

  1. Carlos Spicyweiner August 15, 2014 at 2:12PM

    This is a pretty cool looking card. It has a certain WOW factor when I pull up in my snazzy ’72 Gremlin at the Burger King drive-thru. On second thought, it might make me look like a snob. Maybe it’s just another status symbol for the gee-whiz rich to flaunt. I’ll pass.

  2. Falcon August 12, 2014 at 10:54PM

    My preferred card, and the only one I carry, gets more approving attention from business owners than any card, is not plastic or any other metal. It is paper. A $100 bill. Comes with zero fees, regardless of how much I use it, my month end balance to pay is always zero. Zero late fees, zero “courtesy” calls for missing a payment.It comes with all the benefits of all the cards combined. Access to VIP airport lounges? Absolutely.Instead of showing the card to enter, one quietly slips it between palms to enter. I am a welcome member of all places, not just amex or Delta or AA. If they show me a card with better value, I will consider it. Oh, by the way, wondering what my net worth in my hand is? Well over 9 digits. And I am not joking. Yes I do have a few pieces of plastic for when I have to book online of over the phone. Other than that, never.

  3. Xygs June 2, 2014 at 8:56PM

    I am worth over 9 figures, part thanks to Amex as I am an investor. If any of you think u have to have $30+ million go back to Eco 101; I’ve been w black card Amex for years, I have people asking me, bribing me to sport the JPM NON palladium card; Amex started this CC show off phase and if u travel it’s worth it- if not ur just wasting ur money and I don’t care how much u have; so these other big 7 Wall Street firms which I’m a wall at guy are hyping up the middle class and below to have a neat looking card so they can rape u in interest. If I don’t pay my centurion bill-even if it’s $2k- the card stops working. That shows u e difference, charge vs credit- cash vs loan? Cash is king. Also not to mention the smartest investor in the world warren buffet owns 40+% of Amex,

    Don’t get one unless u want to show off or you travel, if u have any class it’s actually embarrassing to bust out the black card- ur judged for sure etc etc etc

    Buy Amex stock instead

    • BillBraid July 23, 2014 at 1:18AM

      This is spot on. I have one friend who cancelled his Centurion and another who is close to dropping it; it’s the new “initiation” fee they’ve added that has him hesitating, since he’d have to pay it to get the card back, which is exactly why they added it.

      Out of curiosity I called the number on the back of my Amex Platinum, said I’d like to inquire about Centurion, and they transferred me to someone who told me they have an invitation on file for me (so the “invitation” is just a marketing ploy) and the card would be mine for $7,500 initiation, $2,500 annual fee, and another $1,500 to add my wife as an authorized user.

      After chatting with my friend who is about to cancel and learning that they’ve taken away all the airline perks other than Delta, I said thanks but no thanks. Racking up miles on my AA Citi charge card is a better deal and at least that gets me AA lounge access which neither Centurion or Platinum provide anymore.

      My interpretation of the Centurion card is that it’s for status-obsessed single and/or divorced men. And to be honest, if I were single I’d buy one too because I’m sure it “works” for, well, you know what :) But for the rest of us it’s a ripoff.

      • Victor September 2, 2014 at 11:06AM

        Thank you for your input.
        I am about to cancel my Amex Centurion card.

  4. The Truth May 27, 2014 at 10:09PM

    @MBK You stand corrected you have to have at least one year where you spend 250k. It has been mentioned that they might start to make the requirements higher in the future.

    You think that everyone who has a Platinum gets an invitation to Upgrade to Black. I PRG and I spend 35k a year but if I had the Platinum and spent the same amount you think they would be sending me an invitation?

    Bssed on your your experience from several years ago.

    • BillBraid July 23, 2014 at 1:21AM

      I used to spend about $400k/year on Platinum due to business expenses. Now that I’ve transitioned over to Citi AA mileage cards I don’t spend anywhere near $250k but my invitation to Centurion is “still on file” and i can get the card if I fork over $10k up front. I already consider Platinum to be a ripoff at $450k plus another $175k for my wife’s card which is why I’m dumping Amex altogether.

  5. Andrew May 27, 2014 at 8:32PM

    I am very happy with AMEX Platinum. The services and benefits are excellent.

    • BillBraid July 23, 2014 at 1:22AM

      I guess you haven’t tried to get into an airport lounge recently LOL …. good luck with that in 2014 :)

  6. MBK May 21, 2014 at 9:41AM

    Just to correct on the black amex, you don’t need to spend 250k a year. Amex invites you to join from Platinum to black, happened severeal years back… not worth it.

    I agree with folks on the palladium, too flashy, there’s too much credit card fraud going around. A friend of mine has the card, and he gets asked about constantly. Not a good thing, unless you need that kind of ego boost consistently.

  7. A Dad March 24, 2014 at 6:16PM

    Had this card but exchanged it for the same in plastic because too many people were ripping off the number. Last happened at Outback. I guess they figure it is a special card with a high limit, so the waiter took the number. With the metal card, had to cancel 4 times in a year due to bad charges. Since switching to plastic, not a single problem.

    • UncleSam March 30, 2014 at 12:10PM

      If you dine at outback, Im incredulous that you can meet the $5m asset requirement to open the card..

      • Chuck Jones May 26, 2014 at 10:40AM

        You have got to be kidding me. I have a net worth of 5M and my parents 30M and we dine at outback and all sorts of rinky dink places all the time.

  8. Michael R March 6, 2014 at 9:04PM

    Have had the palladium for a year now. not a huge traveller. honestly, its not worth the money and i probably will not renew it. much better perks from a lot of other cards. the cool factor of “Wow”ing burger king cashiers has worn off.

    Thanks.

    • leyshon reese March 9, 2014 at 11:08PM

      okay so you have to have so much to qualify and I was reading the bullets on the things such as road assistant, protection ,baggage loss etc .. so basically from my understanding you can go broke

  9. mark Daniel adamczyk December 30, 2013 at 3:59PM

    The 50 buck road side assistance is why I want it.

  10. manol December 28, 2013 at 3:08PM

    I got a package invitation from amex for his platinum cc with 100 000 points. I am not sure if apply it for or take chase sapphire preferred (i already have sapphire classic) or play big and look for Palladium. My income is around 30 grand. Any opinion is welcomed.

    • dude January 14, 2014 at 8:32AM

      If your income is 30k, do not sign up for a credit card with a $450 annual fee. There are much better things to do with that money.

      • viksra March 13, 2014 at 2:53AM

        You do realize it says $30 million, not $30,000 right…

    • Josh March 25, 2014 at 6:31PM

      REALLY DUDE? 3M In Assets To Qualify (Minimum) Are you a trust fund baby…..or have you not spent a single dollar in the past 100 years, and have accumulated a 3M portfolio with your 30K/Yr. salary? Freaking Moron

    • BillBraid July 23, 2014 at 1:23AM

      I have both, Chase Sapphire Preferred is much better. Their reward points are worth quite a bit more than Amex. And the annual fee is $95 and it’s waived the first year; Amex Platinum is $450/year with NO waived fee – you get to pay it up front.

  11. B November 15, 2013 at 3:04PM

    The writer is wrong about a lot of things. 1) Amex Centurion will remain the king because it’s truly invite-only, not to mention it is now $7,500 initiation fee – MUCH more exclusive and hard to get, and everyone knows it, which is why it is valuable (like a high-end time piece). 2) It has very little palladium. 3) it’s not so hard to get, unlike the Centurion.

    • lol November 19, 2013 at 1:49AM

      Article is from 2011. Typical AMEX fanboy.

    • jimthedj December 6, 2013 at 11:50AM

      I agree the writer is wrong about quite a few things.

      First, i have had a company centurion card for several years. It’s really not hard to get one if you put on a convention or several very large gatherings and pay with the card and other people reimburse you for your expenses. So you don’t have to be “rich” to have one, just spend 250K a year of other peoples money. What you get is benefits.

      The REAL benefit from a platinum amex and centurion black card, which this article doesn’t mention, is the centurion/black you get platinum status on several major airlines, major hotel chains, and rental car companies. That mean FREE upgrades to First Class, Free upgrades and packages at hotels, and FREE upgrades on rental cars. The platinum does not have that. There are also more flexible rules about spending the points, including a little known one that allows ANY purchase of ANYTHING you purchase with your card to use points instead of money.

      I pay coach and don’t know when the last time i didn’t ride first class was. I can also get a room override a sold out hotel, with no reservation at all. While the annual fee is $5,000 it more than makes up with as much as I travel in benefits. Since the writer of this article doesn’t mention theses in the AMEX benefits, and seems to think that there is no difference between amex platinum and black, he probably didn’t know it. That is also probably why the chase card here in the articles yearly fee is so low. I am sure AMEX pays quite a bit of the money they receive to the airlines & Hotels to give them those benefits.

      • Dick February 27, 2014 at 1:58PM

        The true value in the Centurion card is THE HOTEL UPGRADES
        First week I had my card had to go from Orange County CA to Philadelphia to see very sick mother. I took my 3 year old daughter bought two coach tickets and booked a room at 4 seasons rack rate.
        Airline up graded both of us to business, hit he hotel and manager up graded us to a two bedroom suite rack rate was 450 suite 3700 . Stayed in the hotel for 6 days. Do the math
        Go to the George Cinq in Paris with two reservations one palladium and one Centurion and see the room upgrade if they even have one for the Paladium.Bottom line Centurion holders are spenders PERIOD and that’s what the merchant is looking for. Having 30 mill doesn’t mean a spender

      • BillBraid July 23, 2014 at 1:26AM

        FYI – Delta is the only remaining Centurion airline partner and the Starwood benefit was dropped to the same level as Amex Platinum. When your Centurion elite status on all the other airlines besides Delta expires at the end of the year you’ll be paying for nothing other than a status symbol.

        And yes the Platinum has free upgrades on rental cars, National upgraded Platinum from Emerald to Executive, the same as Centurion cardholders get.

        BTW the annual fee on Centurion is $2,500 (up from $1,500 a year or two ago – existing card members were grandfathered in) – so I’m wondering if you really have one claiming a $5k annual fee. Doubtful….

  12. Wedjet October 19, 2013 at 11:54PM

    My son has the Palladium card and the wait staff of many places that we go have never seen one. They notice the card because of it’s weight. I still insist on picking up the check when we go out to dinner. I’m still his father and he’s still my kid.

  13. william brown August 21, 2013 at 1:51AM

    with the pool of wealth becoming even more shallow, these high end credit card are starting to lose their luster. I remember back in the day when you went from a regular card and upgraded to a gold card, you were doing something. what will be the next big thing? they are starting to run out of precious metals to use. lol

  14. Iaaannn February 10, 2013 at 5:10AM

    I work as a team leader for one of the UKs biggest retailers. I was on a checkout over tea time rush and was serving a veray nice chatty couple when thy came to pay there bill he presented one of these cards telling me if it didn’t work in the chip and pin that it would swip. After trying chip and pin and not working I processed the card the old school way. I told him the I have never see a card like this but it was vreay nice, like my clear AMEX card you don’t see them offten he then told me to upgrade to the black one that it was just as nice as his one lol, I told him if I could get one of those cards I wouldn’t be on a checkout asking if he’d like a hand packing bags lol he laught telling me to have a nice night he could of left the card and the pin lol

  15. Mike O January 27, 2013 at 8:19PM

    I doubt I will get a response to this and I’m better off just asking my guy at Chase, but there seem to be some informed folks here.

    Let’s say you have a business account with Chase with large balances, large loans, and the whole works: Could that be a consideration for a Palladium card or is strictly for private banking clients managing personal assets with Chase? I can’t tell by the comments and cardholders if the card is merely being given to high net-worth customers who use Chase to manage some of their accounts, or if it is strictly a perk of being a private bank/wealth management client.

    Thanks in advance.

    • Nathan February 19, 2013 at 10:02PM

      I have a similar situation, you must be a private client. To be a cpc you need 500k in liquid cash at chase.

      • Marcus P July 12, 2013 at 4:30AM

        I am a chase private client and although I almost have 500,000 with them they only required 250,000 to get in.

      • WG August 7, 2013 at 4:33PM

        You cannot just be a private client. You have to have a private banker and have $25 million liquid assets in the bank. You have to be a JP Morgan private client. Not a Chase Private Client

    • Mikewill May 14, 2013 at 9:12AM

      Yes you can, as long as you have an account with the Chase Private Bank, that seem to be springing up everywhere.

    • BB July 23, 2014 at 5:00PM

      You don’t have to be in the private banking sector. You have to be CPC (Chase Private Client). You must have $100,000 liquid to covert to CPC and you must bring that balance up to $250,000 by the end of a twelve month period. The Palladium Card is actually exclusively for CPC clients.

  16. Gina December 23, 2012 at 11:43AM

    Is it better than the new Abbot Downing Visa Card? This one with invitation only!

  17. Jerry December 20, 2012 at 1:43PM

    The card is far from pure Palladium. Yes, I sent it to a palladium buyer and here is their assay results:

    68% copper
    28% zinc
    3.5% nickel
    0.3% palladium

    • Sam B September 3, 2013 at 5:43PM

      Yeah, no one would make a credit card out of palladium. It’s too expensive, too rare (aside from expense, it would just be hard to get enough of it), and too soft. The same reasons you don’t see any solid gold hammers – it’s just a bad idea.

  18. JD December 3, 2012 at 11:15PM

    I just qualified for the Palladium card and I do not have $30 mil or even $1 mil in my account. I am a private banking client with Chase but my investments are around $750k. I also have an Amex Centurion so I am eager to see how the benefits compare.

    • Dick February 27, 2014 at 2:05PM

      send me your comparison. I have Centurion and curious on the hotel upgrades and commercial airline upgrades to business personally, and I have my own plane, would not pay for first class no big difference from business
      But when in Paris see what the George Cinq upgrade difference is that’s what I value most.
      You are right they are giving out Paladium like toilet paper

      • Gates July 26, 2014 at 4:54AM

        Dick,
        Main difference is on the fact that Amex got a lot of participants to the program world wide, or Palladium benefits are concentrated in U.S so a huge traveler Palladium is useless (card is even quite unknown internationally)
        Palladium $30Mn requirement is a myth invented by JPMorgan marketing gurus to compete with Amex Centurion brand (I know what I am talking about current head of Marketing for whole America division and I graduated our IVY business school together)
        Now speaking of both cards… Amex centurion get the best benefits for international use adding to my Centurion, I also have both the Starwood red and Hilton HHonors Surpass Card, it is very awesome to feel like home and have the personalized welcome when you are announced in a Hotel (I will advise you to also get those if you are intensely traveling in countries whose top ranked hotel can be 4 or 5 stars, then rather undeveloped countries – I intensely travel in Africa, and central Asia)
        Yes since I got my GV I am not using the Amex airports lounge benefits, but that benefits is irrelevant to Palladium as almost every Palladium owner own and operate a business jet as you and I so no need for the lounge stuff!
        There are several other little details, but the most important thing is, as I wrote, the $30Mn requirement is a myth as I have be qualified and received my Palladium card and last time I check my liquid cash with them private banker in charge of me it was about $2,7 without stock and other financial assets!
        And btw, the card is far from pure palladium, it is more Copper and Zinc. I got it analyzed!
        At the contrary of my MasterCard world elite card which 100% graphite (yeah less valuable, but more stylish)

  19. Thomas October 23, 2012 at 4:52PM

    I’ve been reading on various Palladium Card forums that some individuals were able to get the Palladium Card without having a relationship with a Private Bank. Just by submitting an application and having a good credit score (800+). Does anyone know where to get an application for a Palladium Credit card? Does the application exist anywhere in PFD format?

    • Washington July 4, 2013 at 6:04AM

      You cannot apply for the card if you are not a Chase Private Client, it is exclusively reserved for them.

    • BB July 23, 2014 at 5:02PM

      You can only get a Palladium application in a Chase branch if you are CPC or better or by invitation.

  20. Alin S October 6, 2012 at 11:59PM

    I am a cashier at walgreens. Had a guy present this card to me as payment. Hefty card, its PLATINUM. At the Walgreens I just held it in my hand for a second or two extra when I ran it through. thankfully I have absence seizures so I just told him i had one but in reality I was just wanting to feel up his card LOL!

    At first I thought it was 100% Silver. But then I quickly googled JP Morgan Palladium and HOLY CRAP. I was holding a chunk of PLATINUM. Geez! That is one extremely expensive card.

    My Discover ‘it’ card is a mean looking card, came next day air just like this beast but holy crap. this thing is PLATINUM.

    I think I will add this to my list of things i want that i probably will never get

    • kris October 13, 2012 at 2:53AM

      its made of PALLADIUM.

  21. Randy Moss September 28, 2012 at 2:19PM

    Straight cash, homie.

  22. nat July 29, 2012 at 6:47AM

    I got here because a friend of mine, who is a waitress, was given one of these for payment. She posted the link on facebook. I came here because I was curious. Now I just feel a little sick.

  23. Mike July 20, 2012 at 12:16PM

    Oddly, I was just asked to join the Private Client Bank and was offered the Palladium card without the annual fee. Gratis.

    • Gerry January 13, 2013 at 10:35PM

      Was there a specific reason why they offered it to you w/o annual fee?

    • pam November 9, 2013 at 4:36PM

      I’m hounded by Chase and getting this card, but you did not have to pay a fee? do you mind if i ask how much you have with them?

  24. cdogg July 9, 2012 at 11:39AM

    i was personal accountant for a B. yes my client is worth B. I personally got this JPMorgan card and AMEX card for him and wife. Actually he used to have like 300mm in JP, he didn’t even has to ask for the card ,they just offer to him. and he is AMEX black card and another private bank card from UK.you don’t need credit score, you will just need to approve you really have that money in the account and stay there. once you established your relationship with private bankers, they designed group of people to help you on anything regarding your banking. i called them for anything, card lost, change limit.

  25. Tom July 7, 2012 at 2:13AM

    Will, for someone who is so wealthy, you sure do have a lot of time to spend on this site. No to mention that your attitude is… let’s say.. lacking any class or couth. I guess that money doesn’t buy you personality, class, nor character. Maybe you should use your card for some lessons. Jackass.

    • Will July 16, 2012 at 9:24AM

      Ouch, Tom! Based on that snippy retort, I apparently hit a hot button for you. Your quips reveal more of a titty baby, than an informed adult. That’s fine; let out all that built up frustrastion if it helps you heal from whatever personal failures or jealosy you have eating away at you. Did you forget, in your moment of anger, that this is a CREDIT CARD FORUM AND NOT A PERSONAL PSYCHOTHERAPY OPPORTUNITY FOR YOU? That’s rhetorical; the answer is a resounding, “yes”. It’s apparent that you need to man-up more and comment a lot less; actually a total reprieve from your babble would be a positive step just for you, yourself. I was just giving accurate information and attempting to discourage false claims and rhetoric that dilute the value of useful information that actual cardholders can exchange here. You, by your written assault on me, further validated my earlier point; you have no value to add. You just wanted to vent, so I hope it was cathartic for you because I imagine most of us, myself included, received no benefit from your childish name calling and foolish commentary. There are people like you on every type of website, lonely, failures without anything to actually contribute. They just want to see their own words posted on the Internet. I’ve seen your type on forums dealing with everything out there that people are discussing. So, enough about you.

      To add some beneficial info here today, I wanted to communicate that JPM has added more features and partners for this next year, and recently sent out their second update to the perks and rewards manual. You, Michael, may want to get a copy and update your good and, obviously, popular site on this excellent card. I’ve put some time into this forum to provide accurate and often, unknown, information about what I consider the best credit card out that’s offered in the U.S. A few others like the VISA Infinite and oversees version of the MC World Card aren’t available here yet. We even missed out on the Project Red(R) AMEX which was highly popular in Europe, but, sadly, I have recently heard is being discontinued. The AMEX UK site addresses that in more detail.
      I still say for the wider VISA acceptance, benefits, no nuisance fees and prompter, more courteous service, the Palladium card beats the AMEX Platinum handily. As for the Centurion, well, I think its cost vs valued-added over the Platinum is way out of proportion. Yes, I like luxury credit cards, but I would still never encourage anyone these days to pay fees for benefits they aren’t going to use. There are too many choices out there to do that. If you have the qualifications, there are many worthy alternatives out there, many at no cost. Get what’s best for you. You don’t need to try to impress wannabes. And above all, try to quickly sift through the manure put out by the inauthentic self-worth, town criers like Tom (7-7-12 comment) who’s obviously been trolling the web late at night, looking for an outlet for his dissatisfaction that’s within himself.

      • ron December 9, 2012 at 8:51AM

        LMFAO…..thats good

      • Gare February 25, 2013 at 11:03AM

        Amen! Haters are going to hate. This is a very interesting, informative blog.

      • BillBraid July 23, 2014 at 1:31AM

        What Tom doesn’t realize is that people who are wealthy DO have plenty of free time! I’m a bets-selling author (fake name in my replies here) and own an internet business that provides a very large income while I hardly work. It’s the jerkoffs with jobs who don’t have time to kill on forums like this. As for Centurion, as I mentioned earlier, I have one friend who cancelled his, another who is about to, and I ignore their yearly follow-up calls to my original inquiry about Centurion when I was informed that an invitation has been on file all along but for some mysterious reason they never sent it! Something tells me any Platinum cardholder of more than a few years, perfect payment history, and decent spend, will be offered an “invitation” on request now that Amex is losing cardholders in droves due to loss of airline perks.

    • Bugoy October 14, 2013 at 2:52AM

      Jealous piece of crap you are.

  26. burnyourmoneyandrun July 6, 2012 at 11:51AM

    ok whats up with all you yuppies talkin about how much money you make/spend and what kind of credit cards you have. none of that stuff really matters….

  27. Pro 2A June 27, 2012 at 2:05PM

    A client just paid me with one of these cards. I have never come across one and googled it. I was shocked at the weight and admit reqs to get it. This guy is very down to earth and drives an older F150 Ford. The bill he owed me for was $48k btw. I have a JPM priv banker but most of my net worth is at Northern Trust.

  28. SG June 25, 2012 at 4:58PM

    one thing to consider…they dont report this card on your credit reports, so if you convert from another card, you will be defacto “closing” your old card and reducing your total cc maximum. eg taking a hit on your credit

  29. seth June 14, 2012 at 10:35AM

    actually, none of this matters. the ”misinformation”, the requirements to get one, how much the card is worth, or the money you have in your bank before — afterwards. spend it all in a day and you’ll still be the same sad person you were before. it means nothing.

    • Will September 17, 2012 at 11:18PM

      @Seth–How long is your scheduled deployment here on our planet, and how will you be able to explain to your people the notion of capitalism, greed and social Darwinism that we all live with here on Earth? That will be challenging. We welcome you to stay longer and learn more from us. In turn, please share how things operate in the universe you are from.

      • Phillip Winkler April 27, 2013 at 12:45AM

        :)

    • Hugh February 19, 2013 at 8:16PM

      THANK YOU SETH! @Will: Something you should know about REAL wealth. Real wealth doesn’t use “private banking.” Instead, we have family offices dedicated to managing just our family’s wealth or use multi-family offices independent of major banks or allied with them like Abbot Downing which is mentioned above. Most OLD money prefers the old Amex Green and the basic plastic the bank provides. I don’t need the miles; but wealthy people can be thrifty. Hence why the wealthy get and stay wealthy. For all these “Will’s” who believe anybody who has 30MM or 30B cares about the metal makeup or color card we use they are wrong. It’s actually counterintuitive. I have a personal assistant. I don’t need AMEX to share one “dedicated” PA through Centurion. Why should they have anymore of my info to sell and or get hacked into and loose? Yes, I’ve been offered it, took it and still have the Centurion card. It is a card used for benefits and savings if you like, not a necessity for people of means. Also, I asked for the free additional card they offer the main Centurion Cardmember; I chose green and stuck with it. I never use the titanium one. All its good for is to get my wallet stolen or me and my wife followed. I have nothing to prove. My free second card, my green card, gives me all the same benefits and upgrades.

      People with REAL money don’t need a flashy card, many of them would really rather not be recognized. Rather than need a card for recognition, their names offer greater recognition instead. That is why keeping it LOW KEY is always the best and something to think about if you really want to impress. It’s not just about the money, but a statement about your self-confidence. If you don’t believe me, look up how Warren Buffet lives and he’s not old money but you will get my point.

      As far looking for the card with the best rewards and upgrades, I’m sure the JPM is a great card. And I’m also very sure many others and I would find it way too ostentatious to ever use.

      So if you get one @Will, please have them send you a plastic one to carry and use here on planet earth.

  30. user April 18, 2012 at 9:29PM

    Just got an application for this card but can’t find the fax number anywhere on the application. does anyone know what their fax number is to submit? thanks

    • PB April 21, 2012 at 6:32AM

      Your private banker will have to submit it

  31. Vincent April 13, 2012 at 10:46PM

    As a server the only people who have these cards are cheap 20% people this is the U.S.!

    • Elena April 15, 2012 at 11:40AM

      I just had a college aged couple, greek life clearly, come into the restaurant and pay with, obviously daddy’s card….cheap is right. Only got 2% tip on an $80 tab

      • Haitham August 27, 2012 at 6:50PM

        Yea, you’re right!! They live in a bubble where spending $350 on a bottle of Barolo or Brunello is nothing, but it’s more than their server/waiter or waitress makes in a week of sweaty hard work. Not that the clients don’t do hard work, clearly they must have for achieving so much.
        Now we are off topic! Sorry, couldnt resist

      • Haitham August 27, 2012 at 6:57PM

        But seriously, now that I’m already derailing this: guest spends $1200 on dinner but can’t leave more than 20% of a tip? I just spent my entire night sweating and worrying about how to make ur dinner better for you and the client you’re entertaining. And both acknowledged this. But maybe I’m as greedy as they are stingy. Next time I see you, I’ll happily sell you a corked bottle of Amarone instead of alerting you to the fact that the bottle has “turned” or “off”, since you’re money can’t buy you a palate! LMAO. And oh yeah, I’ll make sure to embarrass you into buying the more expensive items on the menu, IN FRONT of your guest! Lol and that way I can make a good chunk off of my 20%
        Hey, I bet merchant services loves me!!

    • Adam May 2, 2012 at 8:56AM

      Are you saying that people who leave 20% are cheap?

    • Really November 27, 2012 at 10:54AM

      Vincent,

      Twenty percent is NOT a guarantee. It’s considered normal to give 10% – 12% for good service. 15% is for a better than average job if you’re satisfied. 20% is typically considered for exceptional service even though parties of 6 or more are charged 18% automatically.

      Expecting 20% is setting yourself up for letdown, and some obvious education / career aggression issues.

      I do typically tip 20% or more, but when a server neglects me I’m sure to tip less. I’ll admit to tipping ONE PENNY before for horrible service. Because if I were to walk out, the server would think that I had forgotten to tip. The penny and my note were reinforcement / feedback to let them know that they are a failure at their chosen profession.

      • Damian April 2, 2014 at 8:35AM

        Couldn’t help but chip in about the tips…

        Yes, I’m old money. No point in denying it, but I am generous with my friends.

        One night we went to this Indian place, everybody got served, it was beyond spectacular.

        Except me. OK, maybe I ordered something that takes 5min longer to prepare. 15min?
        Seriously 35min and not even a “you aren’t having anything, sir?”

        No, I’m not “not having anything”, I’m just obviously not getting served anything I ordered, lady!

        God I was pissed. Hungry. And on an empty stomach, probably a bit ummm well, there’s a reason you don’t drink on an empty stomach.

        Tip? TIP!? T I P! ?! ! ?! !? !!?
        YEAH: SERVE THE F£IKNG PERSON WHO’S PAYING, HOW’BOUT THAT FOR A TIP?

        I have never, *ever* tipped under 25% (well, except that one time). Tip: 100% of what I received.
        (For those lousy with math 1*0=0). That was my tip. £0

        Honestly, yes, I was pissed, I was angry, and it was probably rude, I know, and you can take a piss all you want about us snots at Eton, I don’t really give a … but for God’s sake serve the damned meal, or at least, if you’re going to `forget` somebody’s order, avoid forgetting the guy who’s obviously the leader of the pack, `coz, he’s likely also the guy with the cash, not exactly the one you wanna piss of when he’s already pissed. Just – a memory from my youth.

        Will I go to hell for not tipping? Doubt it. I mean I’ll go to hell but it won’t be for not tipping!!!

        But seriously, 15-25%, or if it’s a low-cash deal, just add a fiver, it’s not gonna kill you, for God’s sake you’ve still got the family fortune to fall back on, £5 is going to kill you? I’ve taken a cab two blocks just to avoid the rain for a fifty (hey, maybe that’ll get me into Heaven, who knows?)

        Equally seriously, we’re not morons, we know you work, and you know damned well we have no clue what the hell you do, not all toffs are evil bastards, but, do actually serve the idiot if you expect to get a tip. Or at least ask why he’s not eating. Don’t just go about ignoring him for an hour. `Coz then, yeah, even now I’d consider the £0 tip justified.

        Alright then. Pile on. Tell me what a horrible person I am. See just how quickly the tears flow down my cheek (I am a cheeky bastard, so if there are tears, it’ll be from laughing). But be honest, if it were you, and you got no service, what the hell is your justification for tipping?!?

    • 0ld m0n3y November 9, 2013 at 3:11AM

      You don’t stay rich by giving it away

  32. TheTruth March 8, 2012 at 8:05PM

    I also have the card application if anyone needs it…

    • JOHN March 18, 2012 at 8:26AM

      I’d love an application….

      Thanks

    • PB April 21, 2012 at 6:33AM

      application will do you no good without being in the private bank and having a private banker submitting it

  33. TheTruth March 8, 2012 at 8:04PM

    From what I understand, you can get this card with a 50k annual income and a 720-800+ credit score. Just sayin’

    Economy has changed folks… Big money no longer talks…

    Apply and get approved. I did…

    • Zach April 9, 2012 at 2:56PM

      That’s if you want a CL under 50,000… Since I am a member of the JPM private bank, my monthly credit limit is at 225,000 and I can exceed it by three times that amount…

    • PB April 21, 2012 at 6:38AM

      that is not true at all. You still need major $$$ at the bank and income in the 6 figures with credit score over 800+ to even be considered. Anyone can apply, no one can stop you from doing that. Just be prepared to be rejected with an inquiry on your credit report

    • annie April 22, 2012 at 12:06PM

      What were your exact scores when you applied? limits? etc.

      • Zach May 2, 2012 at 9:35PM

        I personally have a 7 figure income, I own my homes, and I am a current member of JPM private bank with well over 70mil in my accounts. My credit score is in the high 700s to low 800s. (varies). You need to have an account with JPM to be considered for a CL above 60,000.

    • Will May 15, 2012 at 9:20PM

      @TheTruth–You claim you were approved for this card with a $50,000 and a decent, but not a lofty, credit score or even a relationship with any of the divisions of JPM’s high-end client services. Did I get that right or were you just saying that’s really all that’s needed to acquire this card? Good for you if you acquired Palladium card membership with such “impressive credentials;” someone must have been asleep in the credit department. Now you can appear to be someone who actually has the success for which this card and its services were designed. False impressions always get you way up there on the success and net worth ladder. That is, until people figure out you’re just full of it, and then the fall I’ve seen can be pretty painful. What’s your interest in having a status symbol payment card with nothing to back it up or the resources to use the card’s specially tailored perks? It makes no sense. I doubt you really even have this card; maybe you’ve only seen an online picture of one, or maybe a VIP paid with it at whatever nice restaurant or other establishment you work at in a customer service capacity. It’s good to be a follower; where would we be if everyone were captains of industry or leaders with no one to do the low end work for us? Since you say you do have the card, tell us what, if anything, is engraved on the lower right corner of the reverse side of the card. I think you’re just not in the right league on here, and misinformation is just misleading and wastes people’s time. And big money always talks and with authority, too. I would say that’s true now even more than in the economic climate of the last 15 years. Come back onto the forum and prove me wrong; I challenge your posted comment.

      • Zach May 25, 2012 at 4:54PM

        Bravo, Will!

      • Gary May 28, 2012 at 4:26AM

        Bravo Will..I remember people had old Cadillacs in their yards, up on blocks and rusted out. Yet they were proud to own a Caddy!

      • JamesBar June 24, 2012 at 11:18PM

        Buahaha, you seem buttfrustrated my friend.

      • Haitham August 27, 2012 at 7:05PM

        Oh will! Take a whirl in the private jet and let the privates cool!! You’re days as captain of industry clearly have you on edge! Tell you what: why don’t you scream at one of the customer service capacity order takers who work for you to come massage the forementioned areas that need the cooling.
        Oh, how I love to massage hot spots, it calms the nerves, focuses the senses, and creates “big money” which talks with “authority”!! Can’t argue with a single thing you said will, but where is decency.

      • @thetruth#2 August 31, 2012 at 10:01AM

        Will- just wanted to let you know that you don’t know everything. I was recently began a relationship with CPC although I have accts with Chase that hardly can be considered worthly of those services. I was in fact quite shocked when I was offered them. My private banker, whom I had a relationship with for quite some time, offered me this card, and although he explained some of the benefits, I came online to check it out, and found this site. By the way….I was approved, just like “THETRUTH”, and my income is in the 70,000 range and my credit is over 800. I think you over someone an apology.

      • Will September 17, 2012 at 10:34PM

        Re: “@thetruth#2′s 8/31/12 Post”–You are correct that an apology is far overdue. The apology is owed to you, but not by me. You are due a sincere apology by those who attempted to teach you the English language, but obviously failed to, during your formidable years in the educational system. Seriously, did you bother to read what you wrote before hitting the “submit” button? If you are a literacy-challenged individual or are just beginning to learn English through Rosetta Stone(R), or you are using “Hooked on Phonics(TM),” then please don’t take offense, my pointing this out is misdirected. In the absence of those circumstances, however, I feel confident in stating that you are just a victim, and it’s not your fault. You didn’t fail; they failed to provide you with the communication tools you needed to go out into the workforce and fulfill all your potential to earn more than $70K/yr. I’m pleased that JPM chose to help even the playing field by offering you a Palladium Card and ending your lifelong struggle against literacy discrimination. I say, “well done”! It’s a point earned by the underdog; let’s be thankful and make the most of this. Take your new credit card and pay for those GED prep classes you and your family never believed you’d be able to enroll in. It’s never too late for a new beginning. I think I speak for everyone in saying, “we believe in you,” and I, in particular, am looking forward to reading a future post written by you that no longer reminds us of what they mean when the goal of, “No Child Left Behind” is diligently championed in this great country of ours.

      • Max February 10, 2013 at 9:14AM

        You’re startlingly pompous. You also misspelled “jealousy” in a previous post (you omitted the “u”). I’m sorry that your financial prestige is being subverted by mere peasants qualifying for the palladium card. A truly affluent poster would have a little more discretion than yourself.

    • The Schwartz October 17, 2012 at 6:38PM

      To get a private jp account you only need 250k, that and a high credit score may entitle you to do it. Just because the average person has 30 million in assets, it doesn’t mean its personal money, nor does it mean that there are no 780 credit score 250,000 $ jp account and no minimum salary.

  34. John March 6, 2012 at 1:11PM

    There is a Chase private client office in bayridge brooklyn i spoke to the private banker there you dont need millions to get the Palladium Card you need to have 500k in checking or savings account..

    • Haitham August 27, 2012 at 7:10PM

      My client services are amazing: secured credit card! I try to flash it around as much as I can. I even used a Sharpie to write “secured”! See, that means I’m secured! Totally secure! Yea, take that card made of white gold! Mine is plastic, it bends easy, for when I’m in my customer services capacity and need to bend to big money authority! As one says on South Park: RESPECT MA ATH-a-ra-tee (with hillbilly twang of course and full on intensity). Lol

  35. john February 29, 2012 at 3:25PM

    dude. you have $25 million?

  36. jim February 11, 2012 at 11:29AM

    Has anyone any comments on the carte blanche card. I find it has the same hotel upgrades as Amex Platinum and the 2 for 1 travel on British Airways as Palladium has. It also offers concierge service plus a golf bonus

    • Will February 13, 2012 at 12:09PM

      @Jim: Are you in the U.S. or another country? The reason I ask is because Citi owned the Diner’s Club franchise in the United States which also included the U.S.-issued Carte Blanche cards. I had both of those cards in the eighties and nineties, but as I recall, they closed the CB card, saying they weren’t supporting it anymore. Then, of course, they lost such ground with the Diner’s Club card that they rebranded it as a MasterCard. Seems like I remember Discover buying the DC franchise to gain acceptance overseas where Diner’s Club is accepted; because most merchants in other countries have never heard of a Discover Card. They also inked a smart deal with JCB to have reciprocal acceptance. South East Asian travelers to the U.S. can use their main card, often JCB, wherever Discover is accepted and this again gives Discover the international benefit of Americans being able to use Discover wherever JCB is accepted worldwide when they travel. Discover has made some smart moves in their quest to spread internationally and not just be a US and Canadian and Mexican border card. Tell us more about the Carte Blanche you were referring to.

      • jim February 29, 2012 at 12:32PM

        Will – yes citi sold diners to Harris BOM – bank of montreal-they have upgrade the diners w smart chip for europe also but not sure if i get more t=w amex plat or carte blanche for the money-

      • anthony December 13, 2012 at 7:05PM

        I just wanted to help satisfy the argument in this forum. I am a former employee of JPMorgan Private Bank, this is a very high end card and used to be very hard to get but now anyone with $50k that has an account at Chase Private Client can get it. Yes that is correct, the card now is a gimmick to get people to open premium banking relationships at the local Chase. I agree with everything that Will said about having the means to enjoy the card but honestly it is about as exclusive as community college thanks to good ole Chase (sort of) Private Client. Trust me, take an old 401k and roll it over to Chase and you can get this card and a portfolio that closely resembles how Private Bank clients are allocated. Also, JPMorgan Private Wealth Management or JPMorgan Securities (FKA Bear Stearns) have $1 mil minimum account size and honestly they will take a lot less if they think you have potential. Both of these groups are very similar to the Private Bank and they will give you this card easily. It is underwritten using the same platform as the Chase Sapphire Card.

  37. Ceth February 10, 2012 at 4:44PM

    Ive had a platinum card for 7 years and now spend close to 400k/ year on it. I can’t get approved for a centurion card as “they are not offering any more right now” but I just recently got approved for the palladium card thanks to the help of my private banker! Can’t wait to get it next week!!!

    • Will February 13, 2012 at 11:50AM

      @Ceth: Yeah, I read about AMEX’s closing new membership for the Centurion even for more than easily qualified card members. They stated that the brand has become diluted and lost a lot of it’s awe and mystique (in a press conference they held). They didn’t use those exact words, but that’s what they meant. The card has been around since 1999 and now has close to 20k cardholders just in the U.S. Many people have figured ways around their admission criteria, and come on board when they really weren’t the type of target market AMEX was directing this card at. I read that thousands of people had used payment systems like PayPal to buy from themselves and then pay themselves back by charging it to their AMEX Platinum. They just churned charges to meet the spending threshold. I passed on the Centurion. At five grand initiation fee and a $2,500 annual fee; I just don’t think it’s worth that above and beyond the Platinum and certainly not compared to the Palladium. The Centurion’s features have slowly eroded away some over the last five years, and their Platinum now is a real close competitor at a reasonable annual fee. That’s the way I feel about the Palladium; the nuisance fee waivers, upgrades and wide range of benefits are worth the annual fee, and at least, for now, their card base is under 3k so you don’t see them often in the wild. I hope that they work to keep the card exclusive and don’t expand the base too much. It’s nice to carry a luxury card that people haven’t already seen, not to mention clients you may be taking out for a business dinner. It does impress. Also, it’s nice to a carry a luxury credit card that’s accepted almost everywhere (VISA vs AMEX) and is already prepped for European and Southeast Asian kiosks with the embedded smart chip it has. They laugh at our use of the archaic mag strip which is so easily counterfeited. I’ve had really good success with JPM’s Concierge, a dedicated team from the Circles Concierge company, and having a real person answer the phone at customer service, no automation. I’d also rank their flexibility with your spending as being another strong area. They understand your higher spending on a business trip, a vacation or around the holidays or Valentine’s day. If they know you have the resources and willingness to pay, they will work with you to adjust your spending “access line” to fit your needs, however high. Congrats Ceth on obtaining the card. I think you’ll enjoy it for all the reasons I outlined above. Let us know your experiences, good and/or bad. I’m, at least, interested in others’ experiences using the same services I’ve used with this card.

      • Dick February 27, 2014 at 2:15PM

        last year got an invite by centurion to an Elton John concert in a small theatre in LA. 300 people. Wine booze food excellent show 2 hours plus long
        Free only people there were Centurion members-Paladium not so much

    • James February 17, 2012 at 5:57PM

      @Ceth: How in the world are you making so much money? Hire me! I want in! :D

      • Karl July 6, 2013 at 2:56PM

        Most truly wealthy people are natural entrepreneurs (assuming it’s not inherited). They don’t look for someone to hire them and pay them a lot, they see opportunities where they can meet a market need and make a lot of money in the process. My wife and I founded a $5MM company from nothing (we come from poor backgrounds) and could never go back to working for others.

        Hint: don’t try to “do what you love” – find an underserved market with little competition where people need something you can offer, and you’re able to charge a healthy profit margin along the way. If you can get paid doing what you love, great. But in most cases, save your love for your family and hobbies, and do what pays well.

        P.S. I want the Palladium card and our JPM private banker offered it to us, but my wife said it would make me look like a douchebag – she’s probably right :) So sticking with AmEx Platinum.

    • Joe March 6, 2012 at 11:19AM

      That’s great news!!! Now if you can only do something about your rancid personality!!!

  38. Will January 25, 2012 at 1:07PM

    That’s interesting. I had not heard of their dropping the large asset requirement for some type of open enrollment for people with good incomes and high credit scores. If you tell me you don’t have both of those either, I’m going to tend not to believe your story. It’s their top card, so I believe if you got approved, you’ve got some positive underwriting attributes. There may be something to what you said about their building up the card base and later going back to much stricter standards. They told me there were only about 2,500 cards in circulation. That makes it pretty exclusive, but also sort of a small portfolio to be real profitable. So, I can see it from that angle. I know they have a dedicated team of analysts who evaluate these applications manually, looking up and verifying info on you that you probably didn’t even have to supply. The Palladium apps are decided by people unlike most all the other cards which are computer adjudicated based on a formula. That’s the only way they can process the huge number of apps they have for all their other cards. Congrats on getting the card. I think you’ll really enjoy it, as I do, if you take advantage of the perks and services.

    • Max February 10, 2013 at 9:20AM

      2,500 cards? That’s just ridiculous. There are approximately 10 million millionaires globally. Even if only .5% of those millionaires owned this card that’d still be 500,000 cards in circulation.

  39. joey January 18, 2012 at 11:49AM

    I actually just applied for this card as a regular customer from chase.com and I got approved. I had to fill out an app and fax it over to them they didn’t ask my for any bank statements or anything like that. I don’t know what the whole hype is about it that you have to have 5 million in the bank or private banker. I have a feeling they are giving out the card easy now and then in a year from now they are going to make it exclusive like American express centurion, whom they let everyone apply in the beginning and then they made it by invite only.

  40. Tony January 3, 2012 at 8:45AM

    As an employee at an expensive restaurant, i was given one of these bad boys for payment. When handed the card, i was shocked at how heavy it was. I had never seen a “metal” credit card before. When my shift ended, i went home and researched “metal” credit cards. This is exactly the card i was handed. It feels pretty cool that i came in contact with one of these exclusive cards.

  41. Martin December 22, 2011 at 2:21PM

    That’s obscene. It’s egotistically excessive, embarrassingly absurd spending such as this card encourages that gives capitalism a bad name. And this is coming from someone who works in banking.

    • Will May 15, 2012 at 9:32PM

      @Martin–You’ve got the idea…ostentatious, just a bad attitude about people’s enjoyment of their success.

    • Gary May 28, 2012 at 4:32AM

      Yeah…ain’t it great being rich?

      • ron December 9, 2012 at 9:06AM

        I love being rich…there’s nothing quite like it, if I must say

  42. CHIII December 19, 2011 at 2:00AM

    hope I can reach those insane requirements someday..

  43. Terry November 20, 2011 at 7:37AM

    I have a friend who has a JpMorgan account and has investments with them, is it possible he’s a JpMorgan non private banking client or is JpMorgan always private banking?

    • Zach November 25, 2011 at 12:17AM

      That is very much a possibility. JP Morgan has clients and private banking clients. Only Private banking clients, or members of another private bank with significant assets at JPMorgan can be invited to apply for this card.

  44. Zach November 16, 2011 at 9:20PM

    @Maggie – you need to be a JP Morgan Private Banking client in order to have the card. This means you have to be a member of the Private Bank, or a Wealth Management Client. If you are in Chase, you have to show proof of having an 5,000,000 US dollars or more in liquid assets.

    • Steve December 8, 2011 at 9:24PM

      @ Zach – You do not need to be a private banking client, or even a private client services client to get the Palladium Card. Anyone can apply for the card. Its even listed in the Chase site.

      • Zach December 22, 2011 at 10:56PM

        At the time of application, they ask for a bank statement from a private bank proving that you have at least $5 million in a checking/savings account if you aren’t a client… My banker told me also that JPM private clients get more benefits from the card… And also, if you bothered to notice, on the Chase website, if you click under “offer details”, you must call private banking 800 number, and in addition to that, you must have an extensive credit history with an excellent credit score to qualify. In your credit report, you must show high balances (i.e. higher than 15k, and paid off in full), to be qualified. It is by no means “easy” to acquire this card for an “outsider”… You must be a JPM private client for at least one year to be offered the card…

  45. Will October 29, 2011 at 6:08PM

    It’s good that you brought that up Maggie; the Private Client program has only been around about 4 years, and is NOT the same as the Private Bank. I was not for sure whether that group was offered the opportunity to apply for the Palladium or not. They may also have changed the rules on that in recent months given their expansion of that program. Here’s a little elaboration on the Chase Private Client program.

    The Chase Private Client program lets clients work with a personal banker who can offer preferred rates and specialized loans, as well as an investment adviser.

    Chase Private Client was launched as a pilot in 2007 for Chase customers with $500,000 of assets to invest. These are customers who do not have the multiple millions of dollars needed to qualify for J.P. Morgan’s Private Bank or Private Wealth Management units.

    JPMorgan Chase, during its February investor day, disclosed plans to add 50 private client locations this year and have about 150 by the end of 2013. –Source: Reuters.com (7/20/11)

  46. Maggie October 24, 2011 at 5:22PM

    @Ken, the infornation posted is incorrect. The Palladium card DOES carry a smart chip. You CAN use this in Europe. I know someone who had trouble using their AMEX black in Europe. In addition, you do not need $30 million to qualify. You can be a member of Chase Private Client which is anywhere between $250k to $5 Million.

  47. Will September 25, 2011 at 1:29PM

    @Yury–Interesting question. I do know that they ship me the card(s) from their operation in Westerville, OH which is where all JPM Chase cards ship from. I’m guessing they have contracted with some metallurgy plant to provide the blank but engraved Palladium Cards, and then JPM Chase has the equipment to do the laser engraving of all cardholder specific information in Westerville. They haven’t told me this, and I haven’t asked, but this seems like a probable scenario.

    The most recent price of Palladium in the exchange market is $USD634 per .9999% pure Troy Ounce. For some time now, JPM has been very bullish on Palladium and Platinum, too, for that matter, actually taking physical custody and vaulting the precious metals. This is for entirely different market speculation, industry knowledge and customer demand reasons that go far beyond the scope and appropriateness of this discussion. So, I won’t go there, at least not, here. I don’t think the number of Palladium Cards they have or will ever produce would have much impact on their collecting of palladium. It is interesting to ponder, though, that they are one of the top investment institutions with regard to palladium holdings, and then they came out with a palladium-constructed credit card.

    Did those of you who don’t have the JPM Palladium Card, know that they hold a U.S. patent on it, encompassing the name, metal, design and engraving? The patent number is stamped on the lower right corner of the reverse side of the card itself. I thought that was interesting, and smart; I noticed it the first day I got my card. I had never looked at anyone else’s card that closely before I received mine.

    • The Schwartz October 17, 2012 at 6:52PM

      Become a patent attorney, and some day get invited to private JPM.

    • Galaxian May 4, 2014 at 12:12PM

      So I have been reading through this page and laugh occasionally at some of the posts. I thought I would ask a couple of questions and share some of my thoughts.

      1) not really sure what it takes to get one of these cards, I will probably never be offered one nor do I think I want one. They seem to have some nice benefits, and some which I would never use and honestly not sure I will ever bankroll the kinds of funds to have one.

      2) they look like nice cards, I am holding one right now. It’s not mine, I found it in my rental car along with an AMEX Black card from the same owner (it to made of some semi-precious metal). So I reached out to both of the respective CC companies and got the following requests:

      -AMEX: thanks for reporting you found our card, it has been deactivated, the account holder notified, and normally we would ask you to distroy the card, but you cannot, so we will send you an envelope to mail it back to us.

      -VISA: Thanks for reporting that you found this card, they took the same information, the card number, the cardholders name, and my information. Then the last statement from the helpful knowledgable JPMorgan representative was to (and I quote) please distroy the card and have a good day.

      Since the Amex card is made from anodized titanium, it is only valued at about $6 a pound. Doesn’t seem real valuable as far as the card itself, but they want it back.

      The visa on the other hand is listed on the back of the as “constructed with palladium” (doubt it is 100%) still seems valuable. I do wonder since “smelting the card” is considered “destroying the card” I do wonder what it is worth. This original posting says the card is worth about $1000. Interesting concept, selling the card for scrap or just holding on to it for collectors value.

      3) going back on the concept of who has or who wants one of these cards, well, if you run across one of them and find you can’t read the individual who handed it to you (ie assole or nice person) do what I did and google that person. Someone with the net worth that it takes to have these cards chances are you can find the person on the net. The guy that had this card, was a local philanthropist graduate of San Diego school (UCSD I belive) and had donated $1mil back to the school and everything else I found about him was just super nice. My guess is “they will give anyone with the financial backing, one of these cards” who you are is determined by you character, not by what you have or can flash around. It’s my guess that banking institutions will provide these cards to help support your inner thought about yourself. They may be trying to say “you are a ‘step above the rest’ ” I don’t think they make any money off of the card specifically. They just know if you have one, you have already paid/made them good money. People who don’t have the kind of money it takes to get the card look up and wish they could be there for some kind of status symbol and the ones who have it, just know that it is perk which they may or may not ever use or need.

      4) my thought on tipping in general (thought I would through this in from a sub 6 figure working class individual).

      Remember tipping is mainly a US custom. In some countries, it is almost an insult.

      I tip based on the level of service alone. Do I ever reach the precious 25% rarely, I cannot afford that. I’m not there to impress anyone with my throwing money around. Do I actually think the wait staff will remember me based on how little or how much I dropped in their pocket? Doubt it. The only person they ever remember is that rock star who tipped 200% or the movie star who left $1. If you treated me right and I think for a moment I will remember your name the next day, I try and meet a 20%. If you forgot me or brought me the wrong food or stood there and talked with your coworker or another customer while I was waiting on some condiment that is holding up my meal, or brought food for 3 out of 4 people at my table, without any explanation, chances are you will get something closer to 5-10% if you are lucky.

      Sorry my thoughts. Feel free to bash me or agree. It’s a free country.

      Chuck

  48. Zach September 25, 2011 at 1:21PM

    I did get a letter in the mail from RBC stating that they might be possibly acquired by another large bank (they did not specify which bank, they said that they will send another letter saying who it is once everything is final). The investments and wealth management division has always stayed the same through many acquisitions (most recently RBC Dain Rauscher Private Bank became RBC Wealth Management). PNC bank is very strong and stable, and maybe will be a good thing for RBC.

    • Damian April 2, 2014 at 10:16AM

      Zach – from 09/11 and I’m hearing about this NOW?

      RBC as in Royal Bank of Canada?
      Acquired by whom?

      RBC/BMO/TD-CT/SB (to a probably lesser extent, although I’m just saying that because I’m never really paying attention to them) and CIBC, these are the hardier banks (as in the ones that didn’t go down in 2011 while half (half? more like ⅝ of American banks folded) during the 2008-2013 … whatever the polite word for `meltdown` is.

      I know CIBC took over a good chunk of OSAP (mostly from BMO & RBC) when Ontario went from have to have-not status (where it remains to this day), so they may have taken a bit of a hit, but those loans are Gov guaranteed (and even brpcy filings won’t wipe them out) so the hit truly can’t be that massive.

      Who’s the joker that wanted to be rich? Gary, Ron, CHIII (what are you Global/CanWest-obsessed?)

      Last time I actually filed taxes, I was audited for 18 months, I’m still massively disappointed in what I’m getting (compared to what I’m paying for in taxes), as far as CC’s go, like I said, old money, had ‘em since I was on my parents’ accounts, rolled over onto my own, I don’t know, I mean, I have no clue what you guys think “rich” means; to me, it’s getting no sleep, constantly being seen as “the guy everybody’s afraid of”: I have to worry about every single employee (why? because I’m such a dick who doesn’t care about his workers); it’s truly overrated. I mean, do I have the jets? Yes, do I use them, no, because I’m always delegating (I hate travel, hell, I hate getting into my car in the morning)… but yes, it’s a “comfortable life” and it had damned well better be for the amount of effort I put into making sure my kids’ll have more than a rusted out Bentley to remember me by.

      That’s wealth. Not the Bentley, the family. I don’t mean to sound like a jackass, but, I know you’d love the life, but you need to grow into it, not get dumped into it (helps if your folks don’t drop dead on you). But you deal. And since everybody and their cousin is posting their liquid assets, gimme a second. USD 3,068,537,238.81 – before you squirt your load, keep in mind it’s 2 Apr 14; so that number’s going to drop by about 1,204bn in the next 18hrs, I’ll recoup about 959½m by week’s end, but, that’s the dollars and cents of my liquid life this week.

      Does that make me rich? Not even bloody close.

      Others write about CCs being easy to obtain (and let’s face it – they are).

      What sort of dimwit are you going to look like when you’re hosting a conf. at a hotel and you can’t cover a 500k deposit with your “metal credit card” (and for whomever’s interested, first, anybody who doesn’t have my last name and meddles in my wallet is asking for trouble, but, 2ndly, and more importantly, all the plastic in my wallet is just that: plastic, not metal). You’d look like an idiot if you can’t cover your own damned conf., you’d really look like an idiot if you couldn’t even keep your pants up (and I’m a 27″ waist, so, putting weights in my pocket = stupid).

      But that’s the real world.

      Zach – I seriously wouldn’t mind (I know it’s 2½ years old, but, believe it or not, that would not be a record for unread mail); you can black out your details, or, just fill me in on what transpired, but I never got any such notification from RBC (what div do you work with? whom do you work with?)

      Yet another e-mail I’m going to have to write. »This« is what it means to be “rich”.
      Gary, Ron, CHIII, don’t suppose you want to take Zach’s info and explain it?

      You also get to express yourself.

      If I have a bad day, if I even -look- bad, it costs me. What happens if you decide to just stay in bed all day? Really, what’s the most that can happen? For me, it could be a billion in lost confidence.

      There are plenty of things I envy you. So you drive an Audi, big effin deal. Like my ass would die if it had to drive an Audi. Or better yet, if I didn’t even get out of the house and touch the damned car. You have that option. I don’t.

      I’m not whining, but, all this talk about private banking, do you honestly think I believe my banker cares about *me*? The guy’s going to have to work five-ten years to make what’s in my account today. Oh yeah, he really feels my pain. Please. Oh, where are the violins when you need ‘em?

      It’s a dog eat dog world, and I’m a vegan. But I have a family. So you sit down, shut up, and do your job. You try not to be evil. You try to project confidence when all you can think of is getting horizontal and not taking calls for a week. You do it because nobody else is going to do it. You don’t do it to get a stupid credit card, I mean, the card in and of itself is useless, the only *only* useful thing is having people take care of the minutiae that would just drive you to jump out the window (I’m afraid of heights so, if I’m going to buckle, it won’t be from my offices rooftop).

      That’s another thing. We’re just as human as you are, we just do math with wider cells in the spreadsheets, that’s all, and, if we screw up, yay, we’ve just put 1500 people out of work, multiply that by 8 or so for the impact that’ll have on the local economy (1500 people not paying their kids’ ballet lessons adds up, 1500 people not paying their mortgages drives whole city blocks from appreciating to abrupt depreciation as they sell before they get underwater), and guess who’s the genius responsible for that?

      I’m `old money`, I didn’t have a choice, I was born this way. If I did have the choice, I’d take, I don’t know $85k a year, and life a carefree life. Bentley, gone, house, much smaller, but then again, even tighter family, I would hope. And the credit cards? They’d still be plastic, they’d just be capped at $50k or whatever a default Amex goes up to for a responsible adult.

      I can certainly live with that. And I can even drive an Audi.
      Imagine that. I can certainly think of worse fates…

  49. Will September 24, 2011 at 8:07PM

    @Brian–JPM’s Private Bank still requires $25mm or more in liquid assets to be put on deposit for wealth management to join. You can also go thru the Trust, Business or Treasury Services’ avenues with that asset threshold, depending on who you are and what services you require. I also believe you can now gain access even thru Commercial (Retail) traditional banking services at that deposit level with them and/or Chase. So, the price of entry is not real low, but it’s not over the top like some of the smaller, boutique banks/Investment Houses. I think it’s reasonable; you don’t really need the services they provide and in the manner in which they deliver them, unless your net assets are at or above that amount.

  50. Will September 24, 2011 at 1:03PM

    That’s good to know. PNC is in the process of acquiring RBC; is that accurate? I’ve heard mixed reviews on PNC. I do a little business with Wells Fargo; I was previously a Wachovia client and transitioned to their private bank by virtue of the acquisition. I would rate them good, but maybe not excellent. They don’t have the depth of resources nor the client and asset base of JPM to be quite as effective overall. ML has some unique wealth management programs in place, but they don’t work out well in the everyday execution of them or the consistency. Looks good on paper but not so much in reality. I found people were somehow placed in positions for which their knowledge base made them under-qualified. In my part of the world, BB&T, IMO has the right business model for making all facets of banking work well, including their Wealth Division. I’m going to look more closely at them. I predict they will continue to improve and expand because of their unique hierarchy and delivery of services.

  51. brian September 24, 2011 at 11:51AM

    hey zach or will…i understand the avg is 3o mil for relationship with jpm private bank..but what is the minimum to get in the door?

  52. Zach September 23, 2011 at 8:08PM

    And yes, Merrill Lynch is a terrible bank. No wonder they almost went bankrupt. I keep a few of my assets at US Trust as well (I believe in keeping my assets across many banks), and they are an ordinary bank. They dont treat me more special than anyone else, and they dont care if you withdraw your money from their bank… I’m leaving them, maybe put more assets in JPM.

  53. Zach September 23, 2011 at 8:04PM

    Since RBC is my main investment bank, my private banker pulled some strings for me and got the card. I just asked a friend of mine living in London at the moment (a client of Coutts’ private client division who has the card) and she described it as a light-gold colored card with the cursive Coutts logo in the middle of a giant billboard font capital letters SIGNIA. She said that her banker told her that only 100 or so people have the card, and it is by invite only.

  54. Will September 23, 2011 at 12:51PM

    I shouldn’t have asked that about RBC; please disregard my comment. Additionally, I only know about Her Majesty’s having the Coutts & Co. Private Office of Their Private Bank’s World Signia MC because I read about it in some article I read last year about the top tier cards used by ultra high net worth individuals in other countries. The Royal Family of Great Britain was featured. I think Coutts & Co.’s Private Office will consider talking to you at the $100 mil + asset level. The article named a few of their other clients too, but only mentioned that the Queen had their top level credit card. All that aside, I’m still happy doing business with JPM and having this card. My prior experience banking with Merrill Lynch was not nearly as good. Warren Buffett’s recent $5 Bil investment in them notwithstanding, I’ve moved on from BofA and can’t highly recommend them based on my own personal experience spanning over a 16 year period. Maybe other wealthy people still doing business with ML or U. S. Trust at BofA are very satisfied with their products and services; so, peoples’ individual experiences are usually different depending on who(meaning a person) manages his/her portfolio.

  55. Yury September 23, 2011 at 8:26AM

    Who knows who produce these cards for JPM?

  56. Will September 22, 2011 at 1:39PM

    How did you get the RBC VISA Infinite? I didn’t know they operated in the US, primarily Canada, I thought. I would like to add a World Signia MC to my collection to, and I could get one if the U.S. had an institution that MasterCard Intl had licensed to issue that level of card. I do know U.K. residents can get one. I know Queen Elizabeth has one through her private bank.

  57. Zach September 21, 2011 at 7:27PM

    I have a Visa Infinite through RBC (for wealth management clients only), but now they discontinued the program… I still get to keep and renew my account though… The JPM concierge did an excellent job with my request (I requested a rare breed of miniature orchids for my home, I was trying to impress guests) and they fulfilled it within 3 hours… I give them a 5 star rating. I have never heard of World Signia Mastercard, and now I am so curious and want one…. I

  58. Will September 21, 2011 at 3:51PM

    I also found out today that JPM uses Circles. I asked them straight-out. The lady explained that they have a small team at one of the Circles’ offices that works for Chase on the JPM Palladium clients. I have just given them a task, so I’ll post how they do on it by this weekend.

    Zach, have you used their concierge, and if so, how good of a job did they do for you or if you’ve used them multiple times, your overall rating?

    The only World Elite MasterCard issuers I know of besides GE Money Bank/Sotheby’s (which I thought was ending by Jan. 2012) are: HSBC Bank, NV co-branded with Saks Fifth Avenue, Barclay Bank co-branded with Ameriprise, two from Citi (The PremierPass WE MC and the Executive AAdvantage World Elite Mastercard), Morgan Stanley Smith Barney (issued by, coincidentally, JPM Chase Bank Card Services) and lastly, Fifth Third Bank, exclusively for their Private Banking Clients. That’s all the ones I know of; there may be more that are never publicly announced or that I’ve accidentally left out. Those are the main ones, though.

    I don’t want to drift too far off the topic, but I can’t figure out why almost all other countries, except the U.S,. that have any type of banking or engage in financial institution transactions, have at least one bank that issues the very top tier VISA and MasterCard. These are: VISA Infinite and World Signia MasterCard. It’s just an upgrade in perks, more spending flexibility and more individualized attention over VISA Signature and World Elite MasterCard. In these other countries most people consider the Infinite and World Signia cards to be at least as, or more prestigious and packed with useful benefits, as the Centurion card.

  59. Zach September 20, 2011 at 7:16PM

    By the way, JPM uses Circles.

  60. Zach September 20, 2011 at 7:07PM

    I’ve been looking to acquire another World Elite MC (I just have the Sotheby’s one), do you know which banks issue one?

  61. Will September 20, 2011 at 5:56PM

    Well, I did a little research, talked to a few reps, and now I can expound on my earlier concierge comments. First of all, a couple of things to keep in mind: although the concierge company gets paid quite well (I was told by a manager that they are paid between $35-$70 per fulfilled request just for their labor) by the card issuer; in large part, people rarely use this service so they’ve had massive layoffs in recent years, and the quality of services has declined along with it. Don’t expect miracles, I was told. At the same time, longing to find perks to puff up, card companies have created great expectations for what concierge services can do. Curiously, in real desperate situations is just when people call up the concierge service. Sometimes they have pull and sometimes not.

    I was told the following by a Circles’ team leader: he claimed that they serviced the US and Canadian issued cards for hundreds of banks including AmEx and the Merrill Lynch division of B of A. Many other banks with VISA Signature cards or World Elite MasterCards (there are only a handful of those) use Les Concierges. World MC doesn’t offer concierge service. Also for WE MCs, Virtuoso acts as the exclusive travel agency. I already knew that part because I have one of those cards too. He went on to say specifically: “We can do wonderful things in helping you with vacation plans or making dining suggestions based on what kind of food/restaurant you’re looking for. We can suggest tours and send you calendars for your destination cities. We have access to great references and resources for those tasks. We can find the best caterer for your event or help you create a memorable party, and we can even do for you exactly what you could do for yourself, but we dont’ have concert or theater tickets up our sleeves that we can magically produce when high demand events are sold out.” That kind of put the card issuers’ lofty claims more in perspective for me.

    Based on my experiences using the two concierge companies I mentioned in the last post by way of several different banks including AmEx, the above is an accurate statement of what I have personally experienced. I still have not tried JPM’s Palladium concierge, I didn’t find any reference in the fine print to an outside company and I wasn’t going to call them just to ask who they were. So, that will likely remain a mystery, at least to me, until someone tells me or I decide to give the service a try. I can say that their customer service is very good, usually no hold time at all, they are very efficient and no automated menus to navigate. As always I’ll post if I learn anything new.

  62. Will September 20, 2011 at 1:14PM

    @Angelica–I have learned over the last several years of having these higher end cards with concierge services that most all of them use one of two major providers of these services. They are: Les Concierges and Circles. The banks or whatever credit card providers do, in fact, sub-contract out that service to one of these larger companies that only provide these types of services; that’s their specialty, and the issuers they work for is pretty evenly divided between those two companies. I have cards that offer services through both of them, and I haven’t noticed one being much better than its competitor. As I understand it, a small team of dedicated people at the concierge place are assigned to a particular card issuer’s clients, varying in size based on the number of card holders. They field the calls and emails from card customers and handle the tasks they provide for the bank’s clientele. Quality of service often depends much more on the actual person assigned to your request rather than who your card issuer is. As far as JPM is concerned, if haven’t researched if they handle concierge in house, which is rare, or contract it out, most do this, as I have explained. LC and C do act in a manner as to make you think you’re dealing with your card issuer directly unless you ask them who they are. I hope this answers your question. I’m going to look into what JPM Chase does and may post again when I find out.

  63. Angelica September 19, 2011 at 5:10PM

    Hi, do you know if Amex of JP sub-contract with 3rd party concierge services or are they in house? If so, who are they? If not, are there other companies that sub with concierge services and brand them with their names? Thanks.

  64. Will September 16, 2011 at 4:53PM

    Speaking of B of A, and since the reviewer mentioned the card in the review, I will briefly comment on that card, the Merrill Accolades (Formerly just Bank of America Accolades) American Express branded card. I’ve had it for four years, ever since they introduced it. I can’t quite think of but one card, The ViSA Black Card from Barclays for $495/yr, that has been as over-hyped, yet under-delivered so much as the Accolades card. I won’t expound on all its weaknesses, but based on my experience, don’t expect much for your $295 annual fee which is ceremoniously waived every year after they stick it on your statement for you to see. It’s just one small irritant in a litany of poor executions of customer satisfaction. That’s enough said on them; I’ll save the rest for their comment sections.

  65. Will September 16, 2011 at 4:33PM

    Yes, I couldn’t believe how quickly I had the card delivered right into my hands. It was the second day after I signed the app, and said I wanted it. Even though I saw where they had done what is likely a perfunctory hard credit inquiry, there was no real discussion on assets, liabilities or income before approving my card. I guess since they already have all that information and don’t have to verify it, there really is not much to the approval process but determining the appropriate credit access (or amount you can revolve) line and then getting your card and packaging out overnight, morning delivery. I, too, regret that they don’t give you the larger access for cash withdrawal, should you need more for a short-term emergency or to have the liquidity to take advantage of a unique deal quickly. But, times have changed, and just about all my credit cards have lowered cash access or made it so expensive that it’s not worth it (e.g. 4% fee and 24.9% interest rate). Are your ears burning?–executives at B of A card services. I still think the JPM Palladium is a great card, and I’m not paying AmEx exorbitant fees any longer. I may slum it and go all the way down to the Traditional Gold Card. Then I’ll be a little ashamed to use it, though; they give those out to negative net worth students, so they’re ubiquitous. I’m sticking by all I’ve said so far here in favor of the Palladium card, and I’ll be a heavy user of the card as long as things continue to go well, and they continue to provide excellent, individualized attention with their services, perks and responsiveness to their clients’ needs.

  66. Zach September 12, 2011 at 7:53PM

    I doubt that such a large bank would give a portion of their profits to us… I personally like to have a stub and a statement, since it leaves a paper trail. I personally didnt notice the coating on my card… The funny thing about me getting this card is that I had no intention to… I went to JPM to check some balances, and conduct a wire transfer, and then my banker asked me if I wanted the card…. (of course I said yes, and filled out the application, and got the cards in 2 days…).

  67. Will September 11, 2011 at 10:44AM

    @Zach–I did get the card just this summer. No one at JPM had ever mentioned it to me before until just this past June 2011. They asked me then if I wanted to fill out their short application and sign agreeing to the terms, and they’d get the card out to me overnight delivery which is exactly what they did. So I do have the newest card design with the cursive JPM logo and the EMV smart chip. I’ve not taken the time to ask about the coating on the card; it’s not really a top priority. I just wanted to mention it because I noticed it and have never seen a protective coating like that on a card. The Centurion doesn’t have any special treatment that I can remember. Anyway, you’re absolutely right about the fraud; so everyone should really be diligent on watching their accounts because it can happen to anyone with any type of card.

    I did have another positive comment to make regarding JPM Chase and this card. Like all the cards they issue and service, you have a great online card management interface with bill pay and all the rest. I think their storage of the past six years worth of your statements, accessible with just a few quick clicks is another great benefit of their cards. Paperless, in my opinion is the way to go, not just to be green, but it cuts down on unnecessary filing and clutter in your home or office. It’s more secure too than having bills sent through the mail to you. They obviously want it as well because it saves on manpower and machine power. I’m wondering if just about everyone with Internet access did online banking, would these banks pass some of the savings back to us in the way of lower fees and interest rates. I’m sure it would save them millions of dollars year. Whether or not they’d be so equitable with this type of reciprocity would be interesting to see.

  68. Zach September 10, 2011 at 8:45PM

    @Will – I would never allow for someone to take a picture of my card, but I never noticed a lacquer coating on my card. Maybe you got your card at a different time I did? does yours have the chip? I always use my metal card as well, but the wear and tear on my card is lessened by the fact that I have a duplicate of my metal card, so I use both cards so I wont have to have a ripped magnetic strip (I had a ripped magnetic strip on an AmEx card a long time ago, and tried to use it only to find out that it was declined, and they had to key in the number, very embarrassing since this one was not my centurion, where they have to key in the numbers). And yes, again, Credit Card Fraud is one of the biggest problems in America, so we, as consumers, and credit card users/owners, must pay careful attention to our credit card statements.

  69. Will September 10, 2011 at 3:46PM

    @Zach–My metal card has some kind of lacquer coating on both sides, and it seems to really prevent the Palladium surface from getting scratched up from all the swipes through the authorization terminal. The magnetic strip is heavily worn, however. I would think yours would be the same way. I just almost always use the metal card; I figure: I’ve got it, why not enjoy it. The snapping of pictures of it by camera phones when the card is out of your site is so “not cool.” That could lead to fraudulent charges. So, I see your point, and I’m glad we agree that the Palladium trumps the Centurion in this premium card market. That picture taking may have happened to me, as well, and I just never realized it. I do watch my account online frequently, just to watch for any activity that I didn’t initiate. People who would think about doing something like that should remember that True Name Credit Card Fraud is pretty easy to trace, has stiff prosecution penalties and gives a person a lifetime criminal record. Who wants to be known for credit fraud his/her whole life?

    @Anyone-I’m not really using the Palladium to show off because many people are envious of, not simply interested in, what the card represents or what they think it does. To the envious people, I’m not flaunting it to annoy you; just don’t ask about or give commentary on it then. To the interested, by all means, just ask. I enjoy providing the information. I know I’d probably be the curious type myself. Obviously, that’s true. Look at what all I’ve posted just here. It can make a good conversation starter.

    @Patricia–Subtle and pithy retort…I hope you weren’t being sardonic. Contribute something here about your observations of your brother’s card, and anything interesting that’s happened with his having and using this card. We’d like to read about it. I like to provide information, but I’ve about exhausted my material on this card, so unless some new people enter the forum, it might likely die down. I’d like to see the thread continue a little more.

  70. Zach September 9, 2011 at 3:57PM

    @Will- ABSOLUTELY! it does elicit that kind of ooohs and aahs, and the “I’ve never seen this before” and one person even asked me if they can take a picture of it (which, of course, I replied with the answer no!). It doesn’t really bore me, per se (It’s kind of fun) when I use it in high end boutiques (Cartier, Hermes, etc…), however, I end up using the plastic version or my platinum AmEx when I don’t want to draw too much attention (In bad neighbourhoods, around sketchy people, etc…). And yes, they do google my name all the time, which I am tired of…
    @Patricia – It’s fun using the metal once in a while, but I prefer to keep the metal version of my card (and my duplicate metal version) in shiny, impressive condition, which is why I use the plastic version more often… Like I said before, It’s just like the AmEx centurion, but better!

  71. Patricia September 7, 2011 at 5:03PM

    Haha Will and Zach, you two are funny. This basically turned into a two-person conversation about how great the Palladium is! Very impressive that you guys qualified for the ultra-cool, and can shed some light to us common-folk about the perks of this exclusive card. Thanks for all the info :)

    (by the way, by brother has the card too, so I’ve seen/heard all the ooh’s and aah’s that it elicits. He got tired of it in the end, and asked for the plastic, but does often whip out the heavy metal card when he wants to impress people)

  72. Will September 5, 2011 at 8:16PM

    Zach–Do you find that using the metal Palladium card at a cross-section of places elicits the kind of oooohing, awing and questions like I’ve described I’ve had? It’s starting to bore me, personally. Oh, and then I see them Google my name off the card with their smartphones to see if I’m a VIP whom they should know of.

  73. Will September 4, 2011 at 11:35PM

    No, Zach; my plastic card looks the same as you described. They do, in fact, use the dark brown JPM Select Visa Signature blanks to emboss your Palladium account info onto it. So, the plastic cards look essentially the same between these two levels of cards. I presume it’s a cost- saving measure to just have one plastic design for either. And that makes sense; there just are not enough Palladium cardmembers out there to make it reasonable to have a different batch of blanks made for our Palladium Card backups.

  74. Zach September 4, 2011 at 10:34PM

    Will, I just recently got my cards a year ago, and the plastic version looked exactly like the JPM Select card. Is the plastic version of your palladium card different?

  75. Will September 4, 2011 at 7:11AM

    Well, Zach nailed it, filling in the finer details of how the credit access line works, and what you need to do to operate within those parameters. It’s worked flawlessly so far for me. True, this card gets way more attention than the AmEx Centurion. Of the hundreds of places I’ve used it, no one, so far, has ever seen one before. This is compared to the Centurion which has been seen by at least 60% of the people who comment on my Palladium card. There’s your exclusivity factor, if that’s something you enjoy having. It’s not always appropriate, though. I’ll never use the card at McDonald’s again…enter stage left, your backup plastic card as Zach and I have pointed out. It says, J.P. Morgan and also has the smart chip, but otherwise doesn’t stand out enough to scream, “look at me” like the laser-etched, heavy metal card. Many people are fascinated most by the fact that all your cardholder info is etched into the Palladium. They especially often comment on the fact that my signature on the back is also etched into the metal by whomever constructs and personalizes the cards for JPM. There’s no little paper signature strip to fool with here.
    One thing I thought was quite interesting is that I noticed that, with all the notifications, welcome cards and perks’ cover letters I’ve received, they were signed by Gordon Smith, CEO of JPM Card Services. This is the same Gordon A. Smith that was president of U.S., then global Cardmember operations for American Express until 2007. He was with AmEx for over 25 years. That would explain JPM Chase’s creation of this high-end VISA credit card under the JP Morgan name about three years ago, having it for top clients only, and even its being metal like the 12-year-old pioneer, the titanium Centurion. Mr. Smith brought his expertise and familiarity with this market segment over to JPM to end up creating our Palladium card. It works, and now Forbes reports Smith as having a total compensation package in excess of $12 million per year.
    There are similar if not superior benefits on the Palladium vs the Centurion; I agree with Zach on that too. It’s more exclusive, and then you put it with the top experts in V/MC issuance and service, Chase Card Services, and topping it all off: it’s also the world’s most accepted non-cash/check payment vehicle. Then you have a winner for the wealthy clients of JPM; you pause and think to yourself… “why is it again that I’m paying 2 grand more a year for that black card with the Roman Soldier on it?” I’m a long-time multiple AmEx cardmember and probably always will be, but I do think a new king of luxury credit cards has ascended the throne, the J.P. Morgan Palladium Card.

  76. Zach September 3, 2011 at 10:54PM

    Completely agree with Will. I recently got the palladium card (I am a JPM Private Banking client), and they gave me a pretty good credit limit. A rep told me that they determine your access line by taking in account your assets at the bank, liquid assets, properties, and your credit score (the credit score being the dominant factor), and determine your access line. Much to my disappointment, the cash line is only 20% of the access line, and cannot take out more cash unless you pay the account down, or request a credit line increase. They did, however, give me a pretty hefty access line, and my cash line is in the 5 digits. I think the reason why they make the cash line 20% of the access line is because they charge NO FEES on balance transfers and cash advances. I do enjoy the larger acceptance base of VISA, and I also like that they give you a plastic version of the card when you don’t want to be too ostentatious. I also have a centurion card, and they issue a platinum plastic card along with the titanium version, however, taking the centurion and palladium in comparison, the palladium offers more benefits, especially the ability to access cash (even though it’s only 20% of the access line). The centurion doesn’t even draw attention anymore it’s become so common (I’ve seen people use it to buy drinks at starbucks), and doesn’t even let you take out cash. However, back to the access line, the rep told me that since I am in the higher end of the private bank, the access line was just there as a placeholder, since all accounts are required to have one. She even told me that if I wanted to, I could simply call them before making a significant purchase, and they give you an “emergency credit limit increase” for one transaction only, and you can request these anytime, and be approved. This means they can take off the access line on the account TEMPORARILY. But, she made it very clear that if I chose to do this, I COULD NOT revolve a balance higher than my access line, meaning that I would have to pay my bill in full (which I do anyway). I assume the reason they can take off the access line temporarily is because they have collateral in my bank accounts with them. I’m not sure that they would let someone on the lower-end of the private client division take off the access line on the account, but I’m sure that they can significantly bump up the credit line if needed. Basically, the more money you put with them, the greater your spending power. But, in my experience with credit cards (including Centurion), all cards DO have a glass ceiling even when they do say “no pre-set spending limit”. The important thing is that you must CALL IN before making a large transaction, and you won’t have a problem getting the transaction to go through. I am delighted, though, in the fact that they send me gifts periodically, and they sent me a MarquisJet card connected to my Palladium account, as well as a Priority Pass VIP membership (a level higher than select, which is given to AmEx platinum members). With the respectful, world-class customer service, combined with the high access line, and the wide acceptance of visa, AND the aesthetics of the card (it is very beautiful, though, not as thick as I thought before getting one; I also love the fact that when you drop it on a table, it makes a ‘clank’ noise) this has become one of my “essential cards”. This card is, quite simply put, the “ultimate” visa card.

  77. Will August 26, 2011 at 6:52PM

    Zach makes a good point about the somewhat “flexible” credit access line. They, like AmEx, have a sort of glass ceiling on what they’ll ultimately let you spend on the card during a month before you pay down the balance. It’s usually about three-fourths of what they actually put in print is your maximum amount you can revolve over several months paying interest on, added on top of that credit access line. For example: spending limit = credit access line + about 75% of the credit access line. The key is they set this all up when they are reviewing your application along with your assets and income. And, yes, you have to have that pristine credit to go along with your hefty bank balance. They like a flawless and low debt picture on your credit bureau report. JPM credit analysts set a soft limit based on this information. A cardholder with $100mil in JPM’s Bank would obviously have a different pre-determined maximum they could spend and how much they could revolve versus someone who has “merely” $10mil in their account(s). This makes sense. I found that they are very fair about assigning an appropriate credit access line based on what I could afford to charge and pay back. It’s typically even higher than one is likely to even need to spend. All VISA Signature cards usually work this same way; JPM’s Palladium cardmembers typically have a much higher access line because they have greater resources and spend a lot more on their cards. That and a little more individualized flexibility are really all that make this card different than any other VISA Signature. They can and will adjust the access line upon any positive change in your financial resources and/or greater spending needs. And, no, I’m not a JPM Chase Bank employee or trying to necessarily promote their card, in case you wondered. I just think it’s great that we finally have a VISA brand premium card as an alternative to the Centurion or even, in addition to it. The wider acceptance in the U.S. and abroad (twice as many places take VISA and not AmEx) can really make the Palladium VISA a much more attractive all in one payment card for all your spending.

  78. Zach August 24, 2011 at 8:34PM

    As of 8/20/11 The Palladium Card and the JP Morgan Select card both feature “the chip”. JP Morgan also sends out a plastic version of the card along with the Palladium version (Same as AmEx does with the Centurion Card). However, they DO assign a credit access line on the account, which you MAY exceed by a few thousand if needed. There are no BT fees, late fees, or cash advance fees. APR can range from 9.99% to 19.99%

  79. Will August 20, 2011 at 11:41AM

    To address Jon’s question and add some more info, the book shown above looks exactly like mine, and in the back cover, it’s dated: 9/17/2010. The card has not been out but close to three years, so they are still working on building upgrade alliances mainly with some of their Ultimate Rewards partners. I had the same question, and customer service told me this Summer 2011, they would be getting some of those in place along with adding a smart chip to the card for use in Europe and Southeast Asia where countries there have moved more toward this way of using payment cards and away from the more easily counterfeited magnetic strip.They don’t have the time out there or the larger cardmember base to work with that AmEx has with the Centurion (~<7k vs ~28k cardholders respectively). Although, the commercial side of their bank, Chase, has a very large number of credit card customers, second only to BofA, I believe. People have played "charge n pay themselves back" games with services like PayPal to reach the spending threshold on their AmEx cards to get a Centurion card. That has increased membership by thousands and diluted the cache of the Centurion a little. Plus, a few perks have also been deleted in the past two years, possibly due to the economy and their desire to keep major perks onboard w/o increasing the $2,500 annual fee. I believe the JPM Palladium will continue to improve in the alliance upgrade area, and I think their $595 annual fee with the first year complimentary and no "initiation" fee upfront is reasonable. They're providing the card mainly as an add-on benefit for their best clients whom they make far more money off of in the private banking, investment, trusts and treasury services aspect of the business relationship. That's how I view it anyway.

  80. Aaron August 18, 2011 at 7:28AM

    If i was mega rich, I could just buy the “perks” that I wanted anywhere and not have to pay someone an annual fee to do that. Credit cards can get ANYONE in trouble.

    • Damian April 3, 2014 at 1:00PM

      Aaron:

      I’m not disputing anything Will or Zach says (and no, I don’t know them (that I know of, I mean, I do know a few Wills and about two or three Zachs, but without a last name: no clue, and it would be loutish of me to poke around … if I’m dying of curiosity I’ll find out, but, so far, they’re three year old comments on a blog I stumbled upon yesterday)). That’s one thing rich people don’t do, have time to poke around blogs. (Not saying it’s not a good blog – just – saying my life’s a bit busy, or, this planet spins too fast & all the money in the world isn’t going to lengthen a day for me.) But I must admit two things: I enjoy it, and regret showing up 2½ years late. And, to my knowledge (and slight panic, which is resolved now), RBC is still structured much the same as it has been – thanks for getting my pulse going, though.

      I just had a peek at end of 13, apparently my cousin’s on a buying spree, 300k shares up, which separates us by ~400k shares and sticks us right next to each other, I did not notice that until this morning. Sneaky. Family can be so damned competitive. I’m actually thinking of letting go of 5m shares (ironically, to my cousin), it’s a third of my stake, it would push them up to 2%; they’re 45 yrs my senior so whom do you suppose is going to inherit that back? Fo fwee!? (I have kids – I hear things – I love hearing my sons say “fo fwee!?”, I partially live vicariously through them, so part of me is still not even a teenager, yet.)

      Those are my most treasured little assets. If I lost everything overnight, I’d be, meh, not happy. But if I lost them, I’d die. And I cannot die; my parents did it to me, and I know what it would mean to my boys, there is nothing important to me except those two. I love my wife, but she knows my family (or lack thereof), so she knows why nothing has any value to me without my family. Yeah, so they’ll inherit a bit of this and a bit of that, but not before we’re well into our 90`s and glued to our wheelchairs and can’t remember our first names. And hopefully, by then, our sons will have discovered the concept of the letter `r`. But right now – I just don’t care. They’re just so damned cute.

      Tangentially, should the planet start to slow down its rate of spin, that would be disastrous for all of us, so, frankly, nobody would be stupid enough to slow the planet down for an extra 10 minutes.

      What I’ve gleaned is Zach & Will [almost sounds like a promisingly good TV show] are working with slightly lower sums (though, those that say “there’s rich, and then there’s rich” are mistaken – there’s only rich, and, no offence, but `mega rich` – would decimate my worth and decimate it again (mega is Greek for million). And most `rich` people, except those actually named `Rich`, prefer `wealthy`; I don’t know where you live (and I’m not asking) but if you live in a major city, go to a bank and see if there’s a `rich line` (there’s no such thing). There is private banking, family wealth management (well I’m not a bank spokesperson so I’ll let them introduce you to their services for what they call `extraordinary clients` (and we’re not stupid, we all know `extraordinary clients` is their way of saying `rich`, but, `rich` is so uncouth)). And, if you’re exceedingly extraordinary, you don’t go to the bank, the bank comes to you. (Not the actual bank – your banker, your accounts manager, your … whatever or whomever you need to see, they come to you, you don’t go to them.)

      Some banks will have `business lines`, but those are for any company officer making a large deposit; you don’t want to spend 20 minutes in line with a pouch containing $8,500,000, it’s just a massive security risk, so there are lines to get those deposits out of the way lest they tempt anybody considering adding `armed robbery` to their resumé. I’m using dollars because for some reason, I also glean that most of the people here are Americans (gee whiz, could mentioning BofA have anything to do with it?) I’m British (by citizenship & passport) but I hold dual US/UK citizenship, I have property in CA, AZ and IL (why IL? sometimes I wonder) and BC, ON, QC, (these are Canadian provinces)… but this is not my biography so, right. Shutting up. (o:=

      Again, by no means do I intend to offend, just take this as a discrete primer on diction: if you’re over 15, you’re not `rich`, even if you say you are – you’re just showing off. (Under 15 – kids are kids, and, frankly, I was a kid, too. I thank Tim D. for taking me aside and pointing out the subtleties of … `being wealthy`.)

      I truly miss those days. My wealth increased exponentially because my parents died while I was still relatively young, so, I went from carefree idiot to … what you see now, more or less overnight (well, over two months to be more accurate).

      I can already hear my friend Bobby going “oh he’s going to cry, boo hoo!”… that’s what money can’t buy, honest jackass friends that make you smile even when you’re crushed to bits inside. Anyhow, that wasn’t tangential, that was a full secant, any lower and I’d be drawing a line through the centre of the damned circle, perfectly perpendicular to its radius. Oh, and, just because I’m not a carefree idiot doesn’t mean I don’t still qualify as an idiot, sometimes.

      And yes, for those scratching their heads, that would be the diameter, except a secant doesn’t stop at the circle’s edge; like me, it keeps going, and going, and going … in both directions.

      Lines that do not cross the perimeter are chords; tangents and secants, well, like me, keep going, and going, and going … (o:=

      If I ever do “lose it all” (except my marbles) I could always just become a professor … and actually get paid to bore people!

      The only thing that caught my eye in an `ew` way (sorry, Will) is BofA. Oh, that does make me squirm a bit. My apologies. (Maybe I •am• a snob.) But their fees, Will’s and Zach’s, are (mind you, are 2½ years out of date now) but still, high, to stratospheric (19.99%, please tell me that’s a typo or that I mis-read it).

      My contracts stipulate (and now I may be identifying myself to those who work in the industry) that I will not exceed 9%APR and I will never exceed $999 in fees. If what I need cannot be done, it cannot be done. If you’re worth enough to an institution, they’ll take the hit (and I know it’s a hit).

      I’ve taken hits, life’s not been kind; I don’t mean to be a jackass, but, take [the h]it or leave it.

      I’m not very complicated, but I am very demanding, and certain conditions are immutable. What I’ll pay for service, in case nobody’s gone through English 101, is what *I* will pay for service.

      What other people want, again, is not of particular concern to me. I don’t pay for what other people want, other people pay for what other people want. I pay for what I want, that is what I’m willing to pay, if you can accommodate – great – if your institution’s not quite up to the task – great – but nobody’s leaving with any false notions at the end of a meeting. It sort of does come down to money. I have it, they want it. And my scores aren’t record-setting, but at EQ 825 TU 820 EX 827, they’re enough to warrant the waiving of a fee or two. Of course, if the institution cannot handle my conditions, this is not a problem; there are more institutions and fewer individuals like me, so the math generally swings my way on these matters. Like I said, take it or leave it.

      And if I have just `outed` myself – to those that recognize me – I’ll thank you for your discretion in keeping that to yourself in advance.
      And, yes, I have noticed I’ve taken a hit myself; I was miffed when a certain company changed their scheme (I was in the high 900`s!).

      But – life’s not fair.

      One final word on material (especially chipped cards); I do prefer to use the plastic version of everything, but I have begun to notice (of all places, when doing groceries) the plastic cards’ chips sometimes fail (by sometimes, I mean more than just chance). Has anybody else noticed this? I’d have to be honest, this happens to RBC’s VISA products most often than everything, combined.

      Even though (I think) the chip would contain the exact same data, the firmness of a solid card seems to make the machine `like` it.

      It’s annoying, I mean, of all places, a grocery store is hardly a `show-off` moment (then again, I don’t `show-off` to begin with) but if I had to guess, they’re high-traffic units, I’m not really sure it’s my cards that are at fault, I think it’s the store’s readers, but still, it’s annoying.

      Unlike some of the people who … apparently get asked to pose for photos (with a credit card? I mean – really? Go away!!) «– that would be my answer (no!); I’m actually ½ embarrassed when people start oohing and aaahing, I mean, for God’s sake, you work here, you know what a credit card is, use the damned thing! It’s not a Monet, it’s a form of payment, unless we’re now skipping that part of the process, in which case, I’ll take my card, those are my bags, and I’ll take an extra room key because one of these two chipmunks is inevitably going to lose his; are we done admiring the Monet yet?

      I know – that does make me sound evil, but, time is money, and, you’re meant to be working, not admiring credit cards, so, ? perhaps, work?

      There we go, that wasn’t too hard, was it?

      Photographs with credit cards … please.

  81. Jon August 10, 2011 at 10:51AM

    I have a Centurion card and am considering whether to get a Palladium. The acceptance of VISA vs AMEX is a big plus for the Palladium. On the other hand, the Palladium benefits listed above don’t show an automatic status upgrade for some of the airlines like the Centurion does (Exec Platinum on US Airways and Gold on all Star Alliance partners). Those statuses have given me a lot of automatic upgrades to first class. Does anyone know if that benefit is included on the Palladium (and simply not listed here)?

  82. Will August 4, 2011 at 10:34AM

    I received my JPM Palladium card about a month ago, and I haven’t used any other card since. They also sent me a plastic version of the metal card with the same account info for occasions where I might prefer to use that instead. To me, one factor that hasn’t been touched on, and is really a big factor in comparing the JP Morgan VISA with the Centurion or Amex Platinum, is the reality that virtually any merchant who accepts a card takes VISA. The same is not true of AMEX; it’s only accepted at about half as many places. Now, most places a person qualifying for these type cards uses a card do accept American Express, but occasionally you do go to smaller stores, and it can be an issue. Otherwise, I think AMEX is great, so I’m not putting their cards down; I’m just disappointed that more merchants don’t accept them. The Palladium card does look awesome, and almost everyone I hand it to makes a comment on its heft and engraving. I don’t have it for that reason, so some times I used the plastic version to avoid the attention it gets. I also have to compliment their customer service. They’re well trained, professional and you don’t have to spend ten minutes working your way through an automated system. A real person answers your call. I haven’t tried the Concierge yet, so I can’t comment on how well they do. Otherwise, I think the card is great and the fee is not too bad all things considered. I would have to feel money was no factor at all for me to shell out $5k to get the Centurion and then another $2.5k to keep it each year. I highly recommend the JP Morgan card if you qualify; you won’t be disappointed, and you can use it everywhere, even the Dollar General Store or to buy Sam’s Club gasoline at the pump.

  83. Tom Ford August 2, 2011 at 5:25PM

    4 percent off Marquis Jet, give me a break. Any broker can get you that. The card feels sick, but the Centurion still still has the look. Priority Pass and Concierge are the same as Accolades and Centrurion. Great marketing though for JP. These banks need to do anything to make money after all of the financial reform.

  84. John C. July 12, 2011 at 11:02AM

    I have a black card and the new JPM card. The black card still has the cache of being very exclusive, but the JPM Card always turns heads. The new card with the CHIP and PIN looks sick! People don’t realize how hard it is to get the JPM card. $30M in the Private Bank is a ton of money, anyone can get a Black Card if they spend enough money.

  85. Laura July 2, 2011 at 9:25PM

    I work at an Italian gourmet store and someone left their card behind.. i googled it and it brought me here.. WOW. No wonder the guy was frantically running when he came back looking for it.. i googled his name and he even works for JP Morgan.. Talk about Employee Benefits.

  86. Ned Hartline June 13, 2011 at 11:23AM

    Was just denied access to the Continental club in Houston. They would not accept my fancy card.

  87. Griz May 13, 2011 at 10:19AM

    Paging Thorstein Veblen to the thread…

  88. Nick Taylor May 11, 2011 at 4:54PM

    J. P. Morgan attempted to mount a military take-over of the US in the 1930s – wanting to replace it with something modeled on Mussolini’s “business-friendly” fascist regime in Italy at the time.

    It did this because it wanted to get away with not paying the higher taxes that were required on the wealthy to end the depression (and herald an era of prosperity).

    So. 80 years later – military coup no longer required – wealthy corporations now simply buy whatever policies they want, and meantime 1/4 of jobs in American pay below the poverty line.

  89. Edward May 7, 2011 at 10:44PM

    I just received my card and it is amazing!! The card is heavy but wow does it get looks. I just purchased some jewelry for my wife for mothers day at a high end store and all the sales people wouldn’t stop talking about it. Never had an Amex black but it was great feeling to have them talk about it

  90. Brent April 15, 2011 at 9:07AM

    Chase just announced they are adding chip & pin to the Palladium. This cannot be easy in a metal card. Any idea who Chase contracts with for the card production?

  91. Jack April 14, 2011 at 3:30PM

    Actually the card will include the “blue chip” with the chip-and-signature technology starting in June 2011. So all the pretentious clients will be able to buy train tickets in Spain or wherever it is they go just like the locals!

  92. Hector April 14, 2011 at 7:49AM

    I don’t think that, as an eligible person to the Palladium, you would be using it to rent a bike or to buy bus tickets. This card is accepted everywhere the type of person having it would use it.

  93. Ben April 13, 2011 at 5:41PM

    Wow I was expecting to see some very cool benefits or status with multiple Chase partners. From whats listed here the benefits are pretty sad and about the same as an Amex Platinum and other then the card looking awesome it does not seem to do much.

  94. Harry March 3, 2011 at 8:20AM

    What’s the APR on that revolving balance?
    0% Intro APR? BT FEE?

  95. Paul February 21, 2011 at 12:30PM

    Sean -

    I believe Ken means that the card used magnetic strips (like all US cards) which are not accepted in most automated payment machines in the rest of the world (as he says, train tickets from automated booths, rent-a-bike systems.. That is, as he says, because the rest of the world used a chip (the card is not swiped it is inserted)… Until recently, a lot of European retailers could not even process cards with magnetic strips (except manually) but now most card-reading machines have dual functions. Of course Ken is complaining about all US issued-cards with this criticism. He complains that such exorbitant fees should give you access to all payment stations worldwide… Then again, I doubt people with the Palladium buy train tickets from station booths, rent bikes in the street, or even take taxis… More like helicopter or jet / private car

  96. Sean February 20, 2011 at 3:18PM

    Ken,

    Where do you see in the review this card is not accepted outside the United States? I see the opposite as the card has no foreign transaction fees, meaning you can use it outside the United States and not pay a fee.

  97. Ken February 18, 2011 at 10:50AM

    What’s the point of having a card that isn’t accepted outside the US? You can add bells and whistles of benefits, but technologically our cards still use the mag-stripe while the rest of the world is switching to more secure Chip & PIN.

    I’d be hard pressed to find that if I’m paying such a high annual fee yet I can’t even rent a bike nor less buy train tickets at automated stations in Europe or pay for a cab in Japan because it lacks a chip whereas a “low-end” Canadian bank issued Scotiabank VISA debit card can because it has the a Chip.

  98. Hugh February 17, 2011 at 12:28AM

    This card look BEAST!!!!!!

    • Xygs June 2, 2014 at 9:00PM

      1 more thing- once ur in the black card program-

      1. U don’t have to even use it/so there is no spending requirement once ur in
      2. Once ur in ur a life member- u can put ur account on hold for infinity and walk around w ur black card

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