Chase Sapphire Reserve Annual Fee Increase

New applicants have been paying the higher fee since january.

Chase sapphire reserve annual fee increase.

Chase announced wednesday that it will be increasing the annual fee on the chase sapphire reserve from 450 to 550. Let s start by discussing what chase is actually going to be doing. 12 2020 while. The chase sapphire reserve is a popular credit card but it comes with a high price tag.

The rumors about the chase sapphire reserve are true well some of them at least. Changes to the chase sapphire reserve. Chase is increasing the annual fee on its wildly popular chase sapphire reserve card from 450 to 550 while adding a handful of new benefits to the card. Chase sapphire reserve annual fee is increasing in 2020 big chances are coming to the chase sapphire reserve card including a higher annual fee and the addition of lyft and doordash benefits.

The new annual fee will be 550 up from the current 450. Is the chase sapphire reserve worth the annual fee. Here s who qualifies to have the 550 annual fee lowered to 450. First the card s annual fee will jump by 100 from 450 to 550.

Chase jpm 0 87 is increasing the annual fee on its popular sapphire reserve card intensifying the ongoing competition with american express platinum card. That s a 100 increase from what the annual fee had been. Our in depth analysis explores if the card is worth the cost. At the start of 2020 chase raised the annual fee from 450 to 550 a year a 22 increase.

This couldn t have been worse timing for chase. Starting later this month people. The higher fee will be applicable to new customers as of january 12 2020 as well as existing customers with renewal dates after april 1 2020. The good news is that there are still a few days to apply with the current fee the new rate kicks in on sunday jan.

April 1 2020 is when existing cardholders of the chase sapphire reserve would start paying a 550 annual fee at their account renewal.