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If you re an existing cardmember with a renewal date after april 1 2020 you can consider downgrading to the chase sapphire preferred card which has a 95 annual fee.
Chase sapphire preferred annual fee date. The 100 statement credit is a generous offer from chase especially since the sapphire reserve s new 550 annual fee was going into effect on april 1 for existing cardholders. At the start of 2020 chase raised the annual fee from 450 to 550 a year a 22 increase. Plus earn up to 50 in statement credits toward a yearly or monthly instacart express membership which provides unlimited deliveries with a 0 delivery fee and reduced service fees on orders over 35. The no annual fee chase sapphire credit card is no longer open to new applications but you can request a product change to this card by calling chase.
But did you know that there is also a no annual fee version of these cards. So between the intro bonus ongoing perks and earning lots of points for your daily purchases the chase sapphire preferred card is hands down absolutely worth the 95 annual fee. While the issuer has been offering a 100 credit to existing sapphire reserve card holders who renew in.
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