Chase Sapphire Reserve Revamp: $795 Fee, New Perks?
Note: Please read and review the credit card provider’s terms and conditions on a regular basis. They may be different from those in this post. This post may contain affiliate links and we may earn a commission (with No additional cost to you) if you make a purchase via our link. See our disclosure for more info
The Chase Sapphire Reserve credit card is getting a major overhaul, 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. This substantial increase is accompanied by several new credits designed to offset the higher cost. These include a $500 annual hotel booking credit, a $300 dining credit via Sapphire Reserve Tables, a $300 StubHub credit, a $300 DoorDash credit, a $120 DoorDash membership, $250 towards Apple services, $120 in Lyft credit, and $120 in Peloton credit. Existing benefits like the $300 travel credit and TSA/Global Entry credit remain. Beyond the standard benefits, spending $75,000 annually unlocks an additional $500 Southwest credit, Southwest A-List status, IHG One Rewards Diamond Elite Status, and a $250 “The Shops at Chase” credit. While the earning rates on travel purchases are being adjusted (8x on Chase travel, 4x on direct bookings, 3x on dining), the overall value proposition hinges on maximizing these new credits. The changes raise questions about the optimal timing for application – whether to apply now with a potentially smaller signup bonus or wait for the revamped card with its higher fee and hopefully improved bonus. The launch is anticipated for Summer 2025, and a business version of the card is also reportedly in the works. The significant fee increase makes careful consideration essential before applying, weighing the potential value of the new benefits against the added cost.
(Source: https://dannydealguru.com/chase-sapphire-reserve-revamp/)
