Chase
J.P. Morgan Reserve
Hover to explore — real card art from our catalog
Card review
J.P. Morgan Reserve
Chase
Last updated September 21, 2026· Rates, fees, and credits from WalletFlo's OneCard catalog (refreshed hourly). Verify current terms on the issuer site.
Annual fee
$595
Welcome bonus
See issuer
Est. net value
$2,213/yr
Credit score
Varies
Top earn rate
10x dining
Overview
How this card fits in your wallet — fees, value, and who it's built for.
The J.P. Morgan Reserve from Chase carries a $595 annual fee. On WalletFlo's typical spend profile, the OneCard engine estimates $2,196.00 in rewards plus $612.00 in credits and perks — $2,213.00 net per year before welcome bonuses.
How the points work
10X on Lyft till March 2025
Earning rates
Category bonuses from our catalog — verify current offers on the issuer site.
| Category | Rate |
|---|---|
| DiningChase Dining | 10× |
| TravelHotels - Chase Travel Portal | 10× |
| TravelAirfare - Chase Travel Portal | 10× |
| Everything elseLyft | 10× |
| DiningDining | 3× |
| TravelTravel | 3× |
| Everything elseAll Purchases | 1× |
Credits & benefits
Statement credits and perks we model in net-value calculations.
Credits
- Travel$300/yr
$300 annual credit to be used on a variety of travel purchases. Gas and grocery purchases will count towards this credit until December 31, 2021. Issued on your card's anniversary date.
- Global Entry$100/yr
Get one $100 statement credit for Global Entry or one $85 statement credit for TSA Pre-Check every 4 years.
- Instacart$180/yr
Earn up to $15 per month from 8/1/2022 through 7/31/2024 when you activate at Instacart.com/Chase.
Benefits & perks
- Lyft Pink
Get 12 months of Lyft Pink for free. Perks include 15% off car rides, priority airport pickups, relaxed cancellations, and waived lost and found fees. Activate by 03/31/2022.
- DashPass
Receive at least 12 months of DashPass. Perk includes free delivery off eligible orders of $12 or more.
- Pay Yourself Back
Redeem Ultimate Rewards points for a statement credit for purchases made at select merchants within the 90 days before the redemption request date.
- 50% Chase Travel Portal Bonus
Chase Ultimate Rewards are worth 50% more through the Chase Travel Portal.
- Priority Pass$32/yr
Recieve Priority Pass Select, granting you access to a global network of 1300+ airport lounges for you and up to two guests.
- Primary Rental Car Coverage
Recieve primary rental car insurance when charged the full amount to the card.
- Instacart+
Receive one complimentary Instacart+ membership per eligible card account for 12 months
Transfer partners
Where this card's points can go, and at what ratio. 13 partners.
- Air Canada Aeroplan1:1
- Air France KLM Flying Blue1:1
- British Airways Avios1:1
- Emirates Skywards1:1
- Iberia Plus1:1
- JetBlue TrueBlue1:1
- Singapore KrisFlyer1:1
- Southwest Rapid Rewards1:1
- United MileagePlus1:1
- Virgin Atlantic Flying Club1:1
- World of Hyatt1:1
- IHG One Rewards1:1
- Marriott Bonvoy1:1
Work out what a transfer is worth in the transfer calculator.
Is the annual fee worth it?
Quick breakeven from stated credits and perks — open the full tool to dig deeper.
Credits & perks vs fee
- Annual fee
- −$595
- Stated credits
- +$580
- Perks (est.)
- +$32
- Net after credits & perks
- $17
Verdict
Credits & perks offset the fee on paper
Only valuable if you'd use those credits anyway — rewards on spend can close any remaining gap.
WalletFlo calculator tools
Micro-tools for this card — each opens a dedicated calculator with your context pre-filled where possible.
Reward Calculator
Estimate annual rewards and net value on your spend.
Side by Side Compare
Compare against another card with the same spend profile.
Is the Annual Fee Worth it?
See if credits and perks offset the annual fee.
Points & Miles → $ Converter
Convert points and miles to estimated cash value.
Awards vs Cash Calculator
Compare redeeming points for travel vs cash back.
Transfer Partner Calculator
Explore transfer partner conversions across programs.
Reward calculator
Model this card on your spend — adjust categories and compare with others.
Loading calculator…
Frequently asked questions
- What credit score do I need?
- Issuers generally look for good-to-excellent credit; exact thresholds vary.
- Is the annual fee worth it?
- See the annual fee analysis above, or open the full calculator to model credits and perks against $595 per year.