Chase Extends Sapphire Reserve Discounted $450 Annual Fee Renewal Rate!

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In January 2020 Chase announced that Sapphire Reserve card renewals as of 4/1/20 would go up from $450 to $550.

That never happened for existing customers.

In April they gave renewing cardholders a $100 statement credit and then they started only billing card renewals at the old $450 fee.

That was supposed to have ended on 12/31/20, but DDF member shmelke posted that his Sapphire Reserve card renewed on 2/1/21 for just $450.

I reached out to Chase for comment and they confirmed that,

“Given the ongoing environment, currently existing Sapphire Reserve cardmembers whose renewal dates are within Jan 1, 2021 – March 30, 2021 will also automatically renew at $450. I’ll keep you posted if and when there is more to share.”

Hopefully that will be extended again!

Chase has added lots of benefits to the Sapphire Reserve card:

Of course that all comes on top of other Sapphire Reserve benefits:

  • Triple points on all dining and travel worldwide.
  • Ability to redeem for paid travel at a value of 1.5 cents per point.
  • Ability to transfer all Chase points into airline miles and hotel points, where they can be worth even more than 1.5 cents each.
  • Reimbursement of Global Entry/Pre-Check fees.
  • Priority Pass lounge membership with 2 free guests and unlike with AMEX cards, you can still use this for restaurant/food/drink credit.
  • Free roadside assistance.
  • Primary rental car insurance worldwide.
  • $10K/item Purchase Protection for for items damaged or stolen within 120 days.
  • $10K/item Extended Warranty Protection
  • $500/item Return Protection
  • Trip Cancellation/Trip Interruption Insurance
  • Lost Luggage Insurance
  • Baggage Delay Reimbursement
  • Travel Accident Insurance
  • Emergency Evacuation and Transportation due to injury or illness on a trip
  • Repatriation of Remains Insurance
  • Emergency Medical and Dental Benefit while traveling

What are your favorite Sapphire Reserve benefits?

HT: shmelke, via DDF

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28 Comments On "Chase Extends Sapphire Reserve Discounted $450 Annual Fee Renewal Rate!"

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YM

Yes, on 01.01.21 I was only charged $450 as well.

Paron

Wonder what will happen for someone that opened it last year and paid the full $550. Will they get the discount?

CtownBin

Was thinking this. I upgraded in 2020 after the announcement, and paid $550 AF even though most people were only paying $450 by then. Would I now get it at $450, or only for people who’ve never paid the $550?

xc

Unfortunately, you continue topay 550!!!. happened to me. I payed 550 bec i openinf the card in feb 2020, and now it renewed for 550. I tried calling and they would not waive the 100$ difference. very sad about it

Esther Dushinsky

I always refill my EZ Pass with this card in full. 🙂

JS

Lately I’ve noticed, it doesn’t seem like I’m getting points on my ez pass refill. No points are showing when I click on the charge. Anyone having this?

Chim

I have a Chase Sapphire preferred open, how long do I have to wait to be able to receive the signup bonus for the sapphire reserve

yelped

My CSP was billed in December. Can I product change to the CSR and only get charged the difference to $450?

Shaq

What about if I upgrade it from a freedom (which was a reserve once upon a time).

Chaim

Priority Pass lounge membership with 2 free guests and unlike with AMEX cards, you can still use this for restaurant/food/drink credit.
************
Can you please explain what you mean that a PP membership can be used for restaurant/food/drink credit?
Thank you.

Respiratory Compromised Nana

At some airport restaurants, priority pass members are allowed to spend $28 per person for food or beverage of their choice for up to two people. Tip is additional….I don’t recall about tax. American Express cards that give you priority pass privileges are not honored at these restaurants. I hope this is helpful.

Sam

Same Q, @Dan can u pls explain this

Yeshivabucher

If someone upgrades from preffered is it 450?

Dov

I have the same question.

Boruch

Same question…

Vincent

Do you think they will ever offer the 100k chase points bonus for first customers opening a new Chase Reserve Card?

Hugo

I would give up the new dashdoor, Lyft and Peloton benefits in favor of keeping the old $450 unchanged. I canceled my AMEX plat when the AF increased and I may do the same with the Reserve when the fee goes up.

ChooChoo

They will allow cardholders to use their 2021 $300 annual travel credit on gas and groceries through 6/30/21.

Works for the Ritz Carlton CC as well?

Sam

Is there a way of paying 450 for a new card?

Sam

Canceling mine after getting my grocery and doordash credit.

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