Chase Sapphire Reserve Price Adjustment

This couldn t have been worse timing for chase.

Chase sapphire reserve price adjustment.

The chase sapphire reserve annual fee is going up to 550 starting january 12 2020 a 100 increase. For new cardmembers this annual fee will increase on jan. 30 the chase sapphire reserve earns 5 points for every dollar spent on purchases at gas stations for up to 1 500 in spending 5 points per dollar on instacart grocery. Up to 50 per item and 150 per year per account for advertisements of cash only close out liquidation and going out of business sales.

New applicants have been paying the higher fee since january. Among the changes were the ability to redeem chase ultimate rewards points for 1 5 cents per point toward restaurant grocery store and home improvement purchases from may 31 through september 30 and the ability to redeem the 300 travel credit toward grocery and gas station purchases from june 1 through december 31. April 1 2020 is when existing cardholders of the chase sapphire reserve would start paying a 550 annual fee at their account renewal. Chase sapphire reserve cardholders may receive a 100 annual fee credit amid coronavirus chase sapphire reserve cardholders may receive a 100 annual fee credit if their account renewal date is.

The bank is gambling that customers will deem the chase sapphire reserve cards which launched in 2016 valuable enough for its rich rewards and travel perks that they do not mind the 100 price. That s a 100 increase from what the annual fee had been. From now through sept. Chase sapphire reserve increases annual fee to 550 is the card still worth the cost.

A few weeks ago chase announced a few changes regarding the chase sapphire reserve credit card. Chase hikes annual fee for its sapphire reserve card to 550 a 100 increase chase jpm is increasing the annual fee on its popular sapphire reserve card intensifying the ongoing competition.