Chase Sapphire Reserve increases annual fee to $550—is the card still worth the cost? CNBC may receive a commission from the card issuers.
starting January 12, 2020, and the price is going up for existing cardholders on April 1, 2020. That's a $100 increase from the current $450 fee.
I lucked out when I applied and got approved for the Chase Sapphire Reserve® earlier this week, locking in the $450 annual fee for a year — and you can too if you apply by January 11, 2020. However, I wasn't expecting the annual fee to increase right away. Now that I'll be charged $550 next year, I'm questioning the value of the card., with existing cardholders complaining about the fee and considering cancelling the card.
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