Confirmed: Your Chase Sapphire Reserve will renew at $450 through March 2021
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Editor’s note: This post has been updated with new information.
Good news for Chase Sapphire Reserve cardholders with upcoming renewal dates: Chase has confirmed that CSR renewal annual fees will process at $450 through March 2021.
Mid-2020, Chase announced that all Sapphire Reserve renewals between July 1 through the end of 2020 would process at $450 (a $100 discount from the standard $550 annual fee on the card), and this is an extension of that policy. In the midst of the uncertainty caused by the novel coronavirus, Chase appears to want to keep its customers loyal by lowering the annual fee on one of its most popular cards.
Keep in mind that while some readers have reported seeing the lowered $450 annual fee in 2021, others have reached out with reports that their Chase Sapphire Reserve renewals in January and February have been processing at the full $550. We’re in the process of reaching out to Chase to confirm whether or not there are any exclusions to the policy and will keep this post updated.
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The Chase Sapphire Reserve is one of Chase’s top-tier travel credit cards. Still, many cardholders have considered canceling or downgrading in light of the coronavirus pandemic and the CDC’s continued advisement to limit non-essential travel whenever possible.
Over the past year, Chase has made many adjustments to help cardholders continue to get value from its travel-centric cards, including extending the $300 travel credit on the CSR to also cover gas and grocery purchases through June 30, 2021, adding a temporary 3x bonus category for groceries (up to $1,000 per month) through April 30, 2021, and allowing cardholders to redeem points through the Pay Yourself Back program at 1.5 cents each for eligible non-travel purchases through Apr. 30, 2021.
And don’t forget that last year, the Chase Sapphire Reserve added new perks, including a complimentary year of Lyft Pink, 10x points on all Lyft rides, up to $120 in DoorDash credits, and a complimentary year of DashPass (which includes $0 delivery and reduced fees on eligible orders).
The Sapphire Reserve is one of the most well-received travel rewards cards of all time. Offering 3x on travel and dining, it earns incredibly valuable Ultimate Rewards points that can be transferred to 13 hotel and airline partners or redeemed directly for flights at a rate of 1.5 cents per point. Add in a $300 annual travel credit, airport lounge access and free concierge service, and this card is guaranteed to upgrade your travel lifestyle. But thankfully, even while travel is on the backburner, Chase is continuing to make adjustments so that this card remains a valuable asset in your wallet.
Here’s the link to apply for the Chase Sapphire Reserve with a 50,000-point bonus after spending $4,000 on purchases in the first three months from account opening.
Additional reporting by Madison Blancaflor.
Featured image by The Points Guy.
Welcome to The Points Guy!
WELCOME OFFER: 60,000 Points
TPG'S BONUS VALUATION*: $1,200
CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases.
- 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.