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Annual fee will increase to 550 for new users on january 12th 2020.
Chase sapphire preferred annual fee increase. Up to 300 annual credit every card member anniversary year for travel purchases 100 statement credit for global entry. If you re an existing cardmember with a renewal date after april 1 2020 you can consider downgrading to the chase sapphire preferred card. Chase jpm 1 09 is increasing the annual fee on its popular sapphire reserve card intensifying the ongoing competition with american express platinum card. Doctor of credit is reporting that the chase sapphire reserve card s annual fee will increase from 450 to 550 on the following schedule.
550 for existing cardholders presumably this change won t. Just use your sapphire card to pay for the express membership fee between july 1 and september 30 2020 to receive the credit. 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. While the issuer has been offering a 100 credit to existing sapphire reserve card holders who renew in.
Chase has confirmed these changes as reported by the points guy see the new benefits section below for full details. Any renewals after that date incur the new 550 fee. The rumors about the chase sapphire reserve are true well some of them at least. Yes the chase sapphire reserve carries a much higher annual fee of 550 but it also provides several added perks and benefits to make it well worth the added expense such as.
Annual fee will increase to 550 for existing users in april 2020. The chase sapphire reserve annual fee is increasing to 550 starting this sunday january 12 2020. First the card s annual fee will jump by 100 from 450 to 550. At the start of 2020 chase raised the annual fee from 450 to 550 a year a 22 increase.
The chase sapphire preferred card and its ultra premium sibling the chase sapphire reserve are two of the most popular rewards credit cards on the market today. 550 for new cardholders. Prospective applicants have until end of day on january 11 2020 to apply for the chase sapphire. But did you know that there is also a no annual fee version of these cards.
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.
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