J.P. Morgan Retiring Palladium Card, Offering Bonus Points For Existing Cardholders
Update: Some offers mentioned below are no longer available. View the current offers here.
Last summer, we reported that Chase would be replacing its most exclusive product, the Palladium card, with an updated product known as the J.P. Morgan Reserve card. If you hold the Palladium card, you had the option to 'upgrade' to the new JPM Reserve card after it was announced last August. Now, however, it appears that you're not going to be able to hold on to the Palladium for much longer.
TPG received some literature from J.P. Morgan explaining that his (now canceled) Palladium account would be converted into a JPM Reserve account as of July 17, 2017. In case you've forgotten about this card, here's a refresher on some of the notable features of the product, which match those of the Chase Sapphire Reserve:
- Earn 3 points per dollar spent on travel and dining expenses
- $300 annual travel credit
- No foreign transaction fees
- Priority Pass Select membership
- $450 annual fee; $75 for each authorized user
Though we were expecting these features on this card, the literature provided by Chase does contain some notable information — J.P. Morgan is offering Palladium cardholders who will be transitioning to the JPM Reserve card 35,000 bonus Ultimate Rewards points if they spend at least $75,000 between the anniversary date and the date that the account changes over.
TPG featured card
at Capital One's secure site
Terms & restrictions apply. See rates & fees.
| 5X miles | Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel |
| 2X miles | Earn unlimited 2X miles on every purchase, every day |
Pros
- Stellar welcome offer of 75,000 miles after spending $4,000 on purchases in the first three months from account opening. Plus, a $250 Capital One Travel credit to use in your first cardholder year upon account opening.
- You'll earn 2 miles per dollar on every purchase, which means you won't have to worry about memorizing bonus categories
- Rewards are versatile and can be redeemed for a statement credit or transferred to Capital One’s transfer partners
Cons
- Highest bonus-earning categories only on travel booked via Capital One Travel
- LIMITED-TIME OFFER: Enjoy $250 to use on Capital One Travel in your first cardholder year, plus earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening - that’s equal to $1,000 in travel
- Earn unlimited 2X miles on every purchase, every day
- Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- Receive up to a $120 credit for Global Entry or TSA PreCheck®
- Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
- Enjoy a $50 experience credit and other premium benefits with every hotel and vacation rental booked from the Lifestyle Collection
- Transfer your miles to your choice of 15+ travel loyalty programs
- Top rated mobile app