- The annual fee for the Sapphire Reserve Card is 45% to $795 per year. With that comes a new wave of privileges. JPMorgan Chase Hope to have a larger share in the premium credit card market.
Carrying sapphire reserved credit cards in your wallet will become more expensive
JPMorgan raised the annual fee for the sapphire reserve card to $795 per year, a 45% increase over the current cost. Even for luxury credit cards, this is steep, but banks seem to hope New privileges Sapphire reserves will make it worth it.
JPMorgan believes that cardholders will receive $2,700 in annual benefits when the updated card is released on June 23. Some of these are related to existing benefits, but there are many additions.
For example, dining at a restaurant that is part of the exclusive Sapphire Reserve dining table network will collect a $300 credit line. and subscribe apple TV+ and Apple Music will be included (valued at $275). Use your card for select travel offers and you can earn $500 in credit as well.
If you are a regular user of the card and spend more than $75,000 per year Southwest Airlines and IHG hotels and resorts.
Commercial version Sapphire Conservation Area Cards have all these privileges, as well as Ziprecruiter and Google Workspace.
All these rewards are Existing incentives For cardholders, they earn 3x on catering and travel purchases, as well as raising interest rates through Chase Ultimate Rewards. There is also a $300 annual travel credit that is automatically applicable to any travel purchase, including flights, hotels and ride sharing.
