Chase Sapphire Reserve Price Adjustment

A few weeks ago chase announced a few changes regarding the chase sapphire reserve credit card.

Chase sapphire reserve price adjustment. 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. New applicants have been paying the higher fee since january. Grocery stores and dining at restaurants including takeout and eligible delivery services home improvement stores such as home depot and lowe s and select. 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.

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. 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. Chase announced wednesday that it will be increasing the annual fee on the chase sapphire reserve from 450 to 550. 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.

For new cardmembers this annual fee will increase on jan. From now through sept. This couldn t have been worse timing for chase. That s a 100 increase from what the annual fee had been.

Chase sapphire reserve increases annual fee to 550 is the card still worth the cost. The chase sapphire reserve annual fee is going up to 550 starting january 12 2020 a 100 increase.