Chase Sapphire Reserve Overhaul: $795 Fee, Big New Perks?

The Chase Sapphire Reserve credit card is reportedly getting a major revamp, with a significant fee increase and a suite of new benefits. The annual fee is jumping from $550 to $795 for the primary cardholder and from $75 to $195 for authorized users. However, Chase is adding substantial new credits to offset the higher cost. These include a $500 annual hotel booking credit ($250 semi-annual), a $300 annual dining credit via Sapphire Reserve Tables ($150 semi-annual), a $300 annual StubHub credit ($150 semi-annual), $300 in DoorDash credits ($25 monthly), a $120 DoorDash membership, $250 towards Apple services, $120 in Lyft credits, and $120 in Peloton credits. Existing benefits like the $300 travel credit, Global Entry/TSA PreCheck credit, and Global Lounge Network access remain. The earning structure is also changing, with 8x points on Chase travel bookings for flights and hotels, 4x on direct bookings, and 3x on dining. After spending $75,000, cardholders receive additional perks including a $500 Southwest credit, A-List status, IHG Diamond Elite status, and a $250 “The Shops at Chase” credit. While the increased annual fee is substantial, the added credits offer potential value for high-spending cardholders. The news comes from various sources, including deleted Reddit posts, phone representative confirmations, and screenshots of internal communications. The changes, if implemented as reported, represent a significant shift in the card's value proposition, prompting consumers to weigh the higher fee against the potential value of the new benefits. A decision to apply now with a lower fee and smaller signup bonus, or wait for the changes and potentially a better bonus offer, needs to be considered.

(Source: https://dannydealguru.com/chase-sapphire-reserve-revamp/)