Chase Offering Sapphire Reserve Cardholders A $100 Statement Credit Due To COVID-19

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Chase raised the Sapphire Reserve’s annual fee from $450 to $550 in January.

They did add some benefits which I’ve been able to take advantage of, such as complimentary DoorDash DashPass Membership through 12/31/21 and a $60 Doordash statement credit for use in both 2020 and 2021.

Apps like Doordash that deliver food to your house have become especially useful during the COVID-19 pandemic.

However as people aren’t traveling, it has become harder to justify the annual fees on cards that provide travel benefits.

Chase has sent a secure message to cardholders with renewal dates between 4/1-7/1 as follows,

“We recognize this is a difficult time for everyone. As a way to help, we’re providing you a one-time $100 statement credit toward the 2020 $550 annual fee on your Reserve credit card. On an upcoming billing statement (based on your renewal date), you’ll see a $550 charge for the annual fee, followed by a $100 statement credit. We will continue to bill the $550 annual fee in 2021.

Because this credit only applies to open Reserve accounts, if you’ve closed your Reserve account or traded to another credit card before your renewal, you will not receive the $100 statement credit.

We know COVID-19 has affected people in many different ways. Please check for updates and helpful ways to stay connected to your accounts.”

That’s certainly a nice gesture. Assuming you are able to take advantage of the $300 travel credit, $60 Doordash credit, and $100 statement credit, that will likely make the decision on whether to renew the card a little easier.

Then again you can always downgrade your Sapphire Reserve to a no fee card like Freedom or Freedom Unlimited.

Will a $100 statement credit be enough to make you keep your Sapphire Reserve card active?

HT: mochjas, via DDF

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50 Comments On "Chase Offering Sapphire Reserve Cardholders A $100 Statement Credit Due To COVID-19"

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Is this applicable only if you’ve paid the higher fee, or for everyone? I got in with the $450 fee before they raised it. Will I still receive the $100 credit? Thanks Dan!

Dovid Cohen

$250?? I thought it’s $300!


Is this applicable only if you’ve paid the higher fee, or for everyone? I got in with the $450 fee before they raised it. Will I still receive the $100 credit? I assume not, but wanted to double check (as you probably read all the small print!) 🙂


Let them 1st pay for the cancelled flights and refund ultimate rewards or money paid.
They arent being fair about it.

the big x

this is a bummer. My card renewal is in August. Do you think they’ll extend this credit past June? Thanks


Mine too!

Jonathan Ezor

I suppose the timing makes sense, at least for now. Those of us who have later renewal dates likely got the card with the extra-large signup bonus, so Chase may not want us to necessarily “double dip”. Either that, or Chase may (and hopefully will) extend the eligibility for this to further renewal dates (mine is in September, I think). {Jonathan}


If my renewal is in December, am I still eligible?
Or is this replt: “Read the post?”


Typo: It’s through 7/1, not 6/1.


Is it automatic or do you have to request it?


if i apply now will i get the credit?


Unfortunately my heft fee doesn’t even get me the ability to speak with a human. The time for HUCA is now measured in half-lives.

Any way to get through to a person?


My Reserve card renews in May. I haven’t received any message


If you PC the card after AF hits, will the $100 statement credit be clawed back along with the AF refund?


Does anyone know if they’re extending the date limit for welcome bonuses on business cards?


Is the credit only if I keep the card open for another year? Will they pull back the credit if I downgrade/close?


Well I got it when it came out in 8/2016, so I guess I’m excluded… I don’t have a SM from them either


Dan, do you think I can get them to offer the credit of my fee hit in March?


I was able to get the credit, my renewal date was March 7th for $450


Just got billed the AF for my hyatt card I signed up for in Jan 2019. If I close the card, with they remove the free anniversary night from my hyatt account?


Apparently at the moment, you cannot dispute any charges at Chase. I went to dispute elal purchase and they completely removed the option for their site! Meanwhile essentially is fine. No employees, nothing but a Curt cancellation. No credit nothing, not even good faith effort. They laid off most of their staff, including a family member of my Wife. Ticket was bought almost 90 days ago. I sent a secure message so they can’t try to say it is my fault. World is a mess, this is just an additional layer added. All things considered, this least of our problems. May Hashem’s wrath be assuages by good deeds!


I opened the card for $550 in January. Is there a way to get the $100?


Was charged the grandfathered AF of $450, and no statement credit for me.