JPMorgan hikes Sapphire Reserve Card annual fee of $ 795 per year – a 45% jump

JPMorgan increases the annual fee for the Sapphire Reserve card to $ 795 per year, which is an increase of 45% compared to the current costs. This is steep even for a luxury credit card, but the bank apparently hopes that New advantages This will come with the sapphire reserve it will be worth it.

JPMorgan argues that card holders receive an annual performance of $ 2,700 if the updated cards are launched on June 23. Some of them are connected to existing advantages, but there are many additions.

The food in restaurants, which are part of the Sapphire Reserve Exclusive tables, are collecting up to $ 300, for example. And subscriptions too Apple TV+ and Apple Music are included (a value of $ 275). Use your card for selected travel offers and you can also earn a credit of 500 US dollars.

If you are a common user of the card and spend more than $ 75,000 annually, you will unlock other advantages, e.g. Southwest Airlines and IHG hotels and resorts.

A business version of the Sapphire reserve The card has all of these benefits and credits for ziprecruiter and Google Workplace.

All of these rewards are up Existing incentives For card holders who collect 3x points for eating and travel purchases, as well as increased prices by Chase Ultimate Rewards. There is also an annual travel credit of 300 US dollars that automatically applies to every travel – including flights, hotels and rides.