Chase Raises Sapphire Reserve Fee to $795, Adds New Perks

Starting June 23, 2025, the Chase Sapphire Reserve’s annual fee jumps from $550 to $795, marking its largest increase since its 2016 launch. Authorized user fees are rising from $75 to $195.

Chase is adding several new statement credits meant to cushion the fee hike:

• $500 annually for hotel stays booked through The Edit by Chase Travel
• $300 restaurant credit, redeemable via “Exclusive Tables” bookings
• $300 with StubHub or viagogo for event tickets
• $250 in Apple TV+ + Apple Music credits
• $120 in Peloton statement credits (plus 10× points on Peloton hardware/accessories)
• $120 annual Lyft credit (5× points on rides through Sept 2027)
• $300 in monthly DoorDash promos (includes DashPass subscription)
• Core benefits remain: $300 travel credit, Global Entry/TSA PreCheck credit, lounge access, and robust travel protections.

Earning rates have shifted:

• 8× points on travel booked through Chase Travel portal (up from 5× on flights, 10× on hotels/cars previously)
• 4× points on flights and hotels booked directly (up from 3×)
• 3× points on dining, 1× on other purchases

Chase is also rolling out Points Boost: eligible bookings earn up to 2¢ per point through the portal. Non‑boosted bookings will value points at 1¢ each, a shift from the previous flat 1.5¢ rate. Notably, points earned before Oct 26, 2025 can still be redeemed at 1.5¢ until Oct 26, 2027.

For those spending more than $75,000 a year on the card, Chase is offering:

• IHG Diamond Elite Status
• Southwest A‑List status and $500 annual Southwest credit (when booked through Chase)
• $250 credit for Chase’s curated Shops at Chase shopping portal.

This overhaul is likely to benefit:

• Frequent travelers who can fully utilize hotel and dining credits, airport lounge access, travel protections, and boosted earnings
• Lifestyle enthusiasts who will leverage Apple, Peloton, StubHub, and DoorDash credits
• High spenders pursuing status perks and luxury travel experiences.

Chase’s revision of the Sapphire Reserve reflects a clear move upmarket—transforming it into one of the most expensive travel cards on the market. While the expanded credits and enhanced redemption options can potentially deliver well over $2,700 in annual value, they’re only lucrative if fully redeemed. Casual users or those who travel infrequently may not come out ahead. Still, for those deeply entrenched in travel and premium experiences, this could strengthen Chase's appeal—even as it raises the bar for card value expectations.