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In my ever increasing obsession with Pd I decided to call them today with several questions. Below are my questions and answers.
JP - Thank you for calling the JP Morgan private banking division for palladium. How may I help you?
ME - Hello, ive been hearing several stories online and would like to get the facts on this card. Would it be ok if I ask a few questions?
JP - Sure!
ME - Are there any 'levels' with the card? Such as more benefits for higher net worth clients?
JP - No. None that I am aware of.
ME -Are UA/CO lounges accessible?
JP - If an airport does not have a lounge in Priority Pass, which is now Lounge Club, you can purchase a day pass and it will be reimbursed.
ME - What about hotels? Are they any different than the standard Visa Signature collection of hotels?
JP - Yes. For the entire collection you may go here: lhrcollection.com
ME - I have heard the min limit is 15K. Is this true?
JP - No. The starting limit is 5K.
ME - Are UR points worth more than Sapphire Preferred?
JP - Yes. Points are worth 1.5 instead of 1.25 when used for booking travel.
____
JP - To qualify, you need to have 1MM in assets. It does not need to be with JP Morgan. Would you like to continue?
ME - Yes.
JP - I will need an existing account number along with basic information such as name and phone number.
ME - *Gives Info*
JP - A private banking rep will call you Monday. Do you have a time you would like to be called?
ME - Any time after 9AM is fine.
JP - Great. Our private banking number is 18005766209. If you have any questions I implore you to call us. We are available 24/7 365.
ME - Great. Thank you for the insite.
This has been my conversation with JP so far. It may have gone back to invite only or request only if you have assets. Im sure the rep who calls Monday will have all of the detals. I feel this has helped me as it straightens out some rumors that are online.
@Crashem wrote:
I know several people with the card including myself. I can tell you for a fact some of our benefits are different in terms of coverages etc.
While calling back for a few L hotel questions, I asked many of the questions above again. Same answer, different person.
Id love to see Pd in the flesh if you could post a pic. Also, if you dont mind, is the cards weight noticeable? Sapphire I dont really find 'heavy'. Have you used the concierge? If so, how would you rate them? Any advice/tips for the card?
I'd actually like know if there is a higher dividend percentage on points. Seeing as how the points are worth more, and lounge access is reimbursed, this card might start to make sense as something other than cachet. Any insights?
Also, do you think the required asests are dynamic based on geograpghic location, or set in stone?
Good to hear. I may be apping Mon pending the bankers call.
Both reps said 1MM in assets is required so it looks like it.