- Earn 60,000 Points On The Chase Sapphire Reserve Card With The Highest Signup Bonus Since The Launch Offer!
- WOW! Highest Ever Signup Bonus! Earn 80,000 Points+$50 Grocery Credit On The Chase Sapphire Preferred Card!
- New And Extended Benefits For Chase Sapphire Cards
Last April, Chase raised the Sapphire Reserve‘s annual fee from $450 to $550. However they also offered cardholders a $100 statement credit due to COVID-19 to offset the increase.
A couple months later they simply lowered the renewing annual fee to $450, which they have done for renewals through March 2021.
My card just renewed for $550 yesterday, but Chase sent me a secure message today letting me know that they “recognize this is still a difficult time for many people” and will once again post a $100 statement on my account within the next week!
JJ received the same message on his card that renewed yesterday as well.
The message reiterates that the card’s annual fee will be $550 going forward.
Assuming you are able to take advantage of the $300 travel credit, $60 Doordash credit, and $100 statement credit, and other benefits, that will likely make the decision on whether to renew the card a little easier.
I reached out to Chase for comment to see for how long they will continue to offer the credit to existing customers and will update this post when they respond.
Will a $100 statement credit get you to renew your Sapphire Reserve for another year?