Chase Sapphire Reserve Change Fee

That s a 100 increase from what the annual fee had been.

Chase sapphire reserve change fee.

This couldn t have been worse timing for chase. Chase jpm 0 87 is increasing the annual fee on its popular sapphire reserve card intensifying the ongoing competition with american express platinum card. 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. Sapphire reserve is broadening your world of benefits.

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. Starting later this month people. 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. The chase sapphire reserve already carried a hefty price tag so a 100 boost to the annual fee shouldn t be taken lightly.

Grocery stores and dining at restaurants including takeout and eligible delivery services home improvement stores such as home depot and lowe s and select. New applicants have been paying the higher fee since january. But did you know that there is also a no annual fee version of these cards. 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.

The higher fee applies to new applicants as of sunday jan. 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. The annual fee increased from 450 to 550.

April 1 2020 is when existing cardholders of the chase sapphire reserve would start paying a 550 annual fee at their account renewal. 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. 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. The chase sapphire reserve is a popular credit card but it comes with a high price tag.

This and all the other benefits are what prompted me to ask chase to change my sapphire preferred to a sapphire reserve card.