What the Chase Sapphire Reserve Changes Mean for You

The Chase Sapphire Reserve added new limited-time benefits but boosted its already-high annual fee to $550 from $450.
Claire TsosieJan 14, 2020

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On Jan. 12, 2020, the  added new limited-time benefits and boosted its already-high annual fee from $450 to $550. And it’s not good news for cardholders who prize the premium general travel card for its versatility.

The new extras — perks for the meal delivery platform DoorDash and ridesharing service Lyft — are relatively niche, and won't be worth $100 for most. And in some locales, they might be unusable, especially in more rural areas. The benefits are also available only for a limited time, making the card more unpredictable. What will the card offer after these benefits expire? It's unclear.

Overall, though, the card's core benefits remain the same, and it's still a strong choice for travelers. It's just a little less valuable than before. Here’s what to know about the changes, and how they’ll affect existing cardholders.


The new version of the  has all the same features as the old version — just with a higher annual fee plus Lyft and DoorDash perks. Now, for a limited time, the card will offer:

Here's a look at the changes.


The changes are inspired by cardholders’ lifestyles, according to the issuer.

“We’ve heard from our cardmembers that food delivery and rideshare are increasingly becoming part of their daily lives and spending in these areas has grown particularly since the launch of Sapphire Reserve,” said Catherine Hogan, president of Chase branded cards, in a news release.

Other high-end cards have recently added similar benefits, too. In 2017, following the launch of the , for example, added credits for Uber. In 2018, the added dining credits for select purchases, including purchases made through the meal delivery services Seamless and Grubhub.


Starting Jan. 12, 2020, new  cardholders will have to pay an annual fee of $550, up from $450. For existing cardholders, the annual fee depends on when your card renews:

The new version of the comes with two Lyft benefits: A Lyft Pink membership and bonus rewards on Lyft rides. For existing cardholders, both benefits will be available as of Jan. 12, 2020. What to know:

Earning bonus rewards on Lyft is automatic.

Cardholders will automatically start earning 10 points per dollar spent on Lyft rides, through March 2022, according to Chase. There’s no activation required as long as you've set the card as your default payment method in the Lyft app.

Lyft Pink requires activation. Cardholders get one year of Lyft Pink, Lyft’s membership program, upon activation and receive up to 15% off car rides, relaxed cancellations, priority airport pickups and up to three 30-minute bike and scooter rides per month.

Is it worth it? Ten points per dollar spent for a limited time is the richest rewards rate you can currently earn on rideshare spending with a credit card, making it an outstanding deal for those who use Lyft often.

The Lyft Pink membership offers weak value for most, though — even though the company normally charges $19.99 a month, or roughly $240 a year for it. Its core value is a modest 15% discount, so if you had a paid membership, you’d have to spend $1,600 a year on Lyft just to break even on savings, setting aside the other perks.

With the new version of the card, you'll get $60 in DoorDash credit in 2020 and 2021 and complimentary access to DashPass for at least one year, which can help you save on delivery fees. For existing cardholders, the $60 credit will be available starting Jan. 12, 2020. The DashPass perk has been available since Jan. 7, 2020. Keep in mind:

The DoorDash credit is automatic.

Is it worth it? If you use DoorDash — or could use DoorDash — you'll have no trouble getting $60 of value from the $60 credit, which is automatic and easy to use. The complimentary DashPass trial could offer some value to those who use DoorDash often, too. However, the savings from these perks alone won't justify the increased annual fee, unless you're already a very frequent DoorDash user.

To view rates and fees of the , see . To view rates and fees of , see .

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