The upcoming changes to the Chase Sapphire Reserve include a notable increase in the annual fee from $550 to $795, making it the highest among premium travel credit cards. In exchange, cardholders will gain enhanced benefits including credits worth nearly $1,500 for travel and dining. Earn rates will also improve, offering up to 8x points on travel purchases made via the Chase Travel portal. However, some longstanding benefits will be phased out, even as popular perks like travel insurance and flexible credits remain intact. These changes take effect on June 23.
The Chase Sapphire Reserve credit card is undergoing significant changes, including an increased annual fee to $795, alongside enhanced benefits totaling nearly $1,500.
New features include earning up to 8 Chase Ultimate Rewards points per dollar on travel purchases through the Chase Travel portal and new discounts on premium flights and hotels.
While the perks like travel insurance and flexible travel credits remain, cardholders will lose some longstanding benefits with the card's refresh.
The new annual fee for authorized users will also jump to $195, but they will retain all benefits, including airport lounge access.
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