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 chase.com/StayConnected 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?