Unfortunately, you cannot apply for the J.P. Morgan Reserve Credit Card. This is one of the most exclusive cards on the market and you have to be invited to apply for it.

In order to receive an invitation, you must be a J.P. Morgan Private Bank member with more than $10 million in assets.

A great alternative you can actually apply for is the Chase Sapphire Reserve® card, which comes with similar benefits. You can also check out our editors' latest picks for the best travel credit cards on the market to weigh your options.

The J.P. Morgan Reserve Credit Card benefits include extensive travel insurance, a statement credit of up to $300 for travel-related purchases each year, and a Priority Pass Select membership. The card also offers rental discounts and Visa Infinite Concierge as part of its benefits. To qualify for some of these benefits, you must pay for your purchase with the J.P. Morgan Reserve Credit Card.

Here are the J.P. Morgan Reserve Credit Card benefits:

• Travel insurance: Trip cancellation/trip interruption insurance, auto rental collision damage waiver,...

No, there was no application fee for the J.P. Morgan Reserve Credit Card. This was an exclusive, invite-only credit card, available to a few elite J.P. Morgan Private Bank customers that is no longer available to new applicants.

As an alternative, the issuer now offers the Chase Sapphire Reserve®. This is an elite travel rewards credit card that's worth it for big-spenders with a credit score of Excellent. It offers 60,000 bonus points for spending $4,000 in the first 3 months on purchases. You can earn 1 - 5% cash back. However, it comes...

Trip cancellation is part of the JP Morgan Reserve travel benefits. You get trip cancellation / interruption insurance, baggage delay insurance, trip delay reimbursement and travel accident insurance.

There's also a car rental collision damage waiver and a couple more. It's seriously packed with benefits.

The sign up bonus is specified on the invitation given for the JP Morgan Reserve card.