Chase Sapphire Reserve Change Fee

Chase jpm 0 87 is increasing the annual fee on its popular sapphire reserve card intensifying the ongoing competition with american express platinum card.

Chase sapphire reserve change fee.

The higher fee applies to new applicants as of sunday jan. The chase sapphire reserve already carried a hefty price tag so a 100 boost to the annual fee shouldn t be taken lightly. Your points are also worth a baseline of 1 5 cents each when you book travel through chase. The no annual fee chase sapphire credit card is no longer open to new applications but you can request a product change to this card by calling chase.

New applicants have been paying the higher fee since january. Our in depth analysis explores if the card is worth the cost. 12 months of complimentary lyft pink membership. Plus the travel and dining category gets a bump to 3x per 1 spent let s see how much you d need to spend to recoup a much larger annual fee.

This couldn t have been worse timing for chase. With the pay yourself back tool your ultimate rewards points are worth 50 more when you redeem them for statement credits against purchases in our current categories. This and all the other benefits are what prompted me to ask chase to change my sapphire preferred to a sapphire reserve card. The chase sapphire reserve is a popular credit card but it comes with a high price tag.

Chase has confirmed a number of changes coming to its flagship chase sapphire reserve card including an increased annual fee and a number of new benefits. The chase sapphire preferred card and its ultra premium sibling the chase sapphire reserve are two of the most popular rewards credit cards on the market today. Your chase sapphire reserve account will receive one complimentary lyft pink membership for 12 consecutive months a minimum value of 199 when the membership is activated with a chase sapphire reserve card by 03 31 2022. But did you know that there is also a no annual fee version of these cards.

April 1 2020 is when existing cardholders of the chase sapphire reserve would start paying a 550 annual fee at their account renewal. If you are considering applying for the card or if you have one already you should take a close look at these new perks to decide if they offer enough value to make up for the increased fee. Chase sapphire reserve annual fee is increasing in 2020 big chances are coming to the chase sapphire reserve card including a higher annual fee and the addition of lyft and doordash benefits. Starting later this month people.

Grocery stores and dining at restaurants including takeout and eligible delivery services home improvement stores such as home depot and lowe s and select.