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Chase Sapphire Reserve Card Gets Big, Bold And Broad Changes

UNITED STATES, JUN 17 – JPMorgan Chase raises Chase Sapphire Reserve annual fee to $795 while adding over $2,700 in travel, dining, and entertainment credits to attract affluent consumers.

  • On June 23, 2025, JPMorgan Chase announced a fee hike to $795 and launched a new Chase Sapphire Reserve for Business card.
  • Driven by the popularity of travel perks, Chase's 45% fee hike aims to compete with Amex's $695 Platinum fee, the largest since 2016.
  • The revamped Chase Sapphire Reserve offers 8× points on Chase Travel bookings, up to $500 in statement credits for The Edit and DoorDash, totaling over $2,700 in annual value.
  • For current members, the new fee applies from October 26, with continued $300 travel credits and downgrade risks to lower-tier cards.
  • Industry trends indicate that despite rising costs, demand for premium credit cards persists as Amex prepares major updates and Citi may respond to Chase's enhancements.
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Miles to Memories broke the news in on Monday, June 16, 2025.
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