Chase · Personal card
J.P. Morgan Reserve Card
The J.P. Morgan Reserve Card has a $795 annual fee and one statement credit, worth up to $300 a year. It resets on your account anniversary, not January 1.
- Annual fee
- $795
- Charged on your account anniversary
- Credits a year
- Up to $300
- 1 statement credit, used in full
- Need enrollment
- None
- Every benefit applies on its own
Every credit, and when it resets
Amounts are per period. The last column is what each credit adds up to in a year if you use it every time.
| Credit | Amount | Resets | A year |
|---|---|---|---|
| $300 Annual Travel credit$300 a year. On your account anniversary, not January 1 | $300 a year | On your account anniversary, not January 1 | $300 |
| Total a year, if you use every credit | $300 |
What people get wrong
- Not every credit resets in January. At least one resets on your account anniversary. Most people assume the calendar year.
- Nothing rolls over. Whatever is unused when a period ends is gone, so a monthly credit missed in March can't be used in April.
Questions about the J.P. Morgan Reserve Card
What is the annual fee on the J.P. Morgan Reserve Card?
$795 a year, charged each year on your account anniversary.
How much are the J.P. Morgan Reserve Card credits worth?
Up to $300 a year, from one statement credit: $300 Annual Travel credit ($300).
Which J.P. Morgan Reserve Card benefits need enrollment?
None. Every J.P. Morgan Reserve Card benefit applies without enrolling.
When do the J.P. Morgan Reserve Card credits reset?
$300 Annual Travel credit resets on your account anniversary, not January 1. Unused credit does not roll over.
Is the J.P. Morgan Reserve Card worth the $795 fee?
Not on credits alone: they add up to $300, $495 less than the fee. Rewards on spending and other benefits would have to make up the rest.
What points does the J.P. Morgan Reserve Card earn?
Chase Ultimate Rewards points, worth about 1.78 cents each in a typical redemption.
