Chase Sapphire Reserve Fee Rises to $795

JPMorgan Chase has overhauled its flagship Sapphire Reserve credit card, increasing the annual fee from $550 to $795, effective June 23, 2025 for new applicants and October 26, 2025 for existing cardholders. To justify the 45% fee hike, the card now offers over $2,700 in annual benefits, including enhanced credits for travel, dining, StubHub, a $500 hotel credit, free Apple TV+ and Apple Music subscriptions, and revamped points-earning rates of 8x on Chase Travel bookings and 4x on direct airline or hotel bookings. The popular $300 annual travel credit and lounge access remain, while authorized user fees rise to $195. Chase is also introducing a Sapphire Reserve Business card with a $795 fee and business-focused perks like credits for ZipRecruiter and Google Workspace. These enhancements are designed to help Chase compete with premium offerings from American Express and Capital One, and may affect consumer spending patterns and adjacent financial sectors such as digital assets. Chase expects the expanded benefits and status perks to retain affluent customers and attract new ones, despite the higher cost.