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Kiplinger
Kiplinger
Business
Sean Jackson

Chase Increases Sapphire Reserve Annual Fee by 45%: Are the New Perks Worth It?

Chase Sapphire Reserve credit card.

Many changes are coming to the Chase Sapphire Reserve® card. Of note, Chase announced a 45% increase of the card’s annual fee, going from $550 to $795.

This is the largest annual fee increase on the card since 2016, per CNBC. However, to counter the higher fee, Chase said there will be more than $2,700 in annual benefits.

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