Can I Upgrade My Chase Sapphire to Reserve

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A few weeks ago, we reported that big changes to the Chase Sapphire Preferred® Menu and Chase Sapphire Reserve® might be coming.

And today, those rumors are coming true.

On August sixteen, new perks and benefits will exist available to cardholders of both Sapphire cards. Better yet? Neither card is increasing its almanac fee.

Let's take a look at what's in shop, according to a argument from Chase on Tuesday.

Chase Sapphire Preferred Menu Updates

The Chase Sapphire Preferred menu is already our elevation choice for a travel rewards carte du jour with an annual fee nether $100. For an annual fee of $95, it already offers solid perks and an exceptionally high welcome bonus of lx,000 points after you spend $4,000 in the first iii months.

Simply every bit role of the revamp, it will earn v points per dollar on all travel purchased through the Hunt Ultimate Rewards portal, as well as iii points per dollar on dining, eligible delivery services and takeout. These categories previously earned 2 points per dollar. In addition, information technology will earn three points per dollar on select streaming services and online grocery purchases (not including Target, Walmart and wholesale clubs).

Cardholders will too get a $50 almanac credit on hotel stays purchased through the Ultimate Rewards portal. New cardmembers volition start earning towards the credit immediately, whereas existing cardholders will earn information technology after their side by side account anniversary.

In addition, cardholders will get a 10% anniversary betoken bonus. That means that each account anniversary, you'll earn bonus points equal to 10% of the full purchases you fabricated in the last year. "That means $25,000 in spend will earn an additional 2,500 bonus points," a spokesperson for Chase explains.

Notably, the card is offering its whopping threescore,000-indicate sign-upwardly bonus when you lot spend $four,000 on purchases in the showtime three months. This is worth up to $750 in travel, according to Hunt.

Pro Tip

If you lot're thinking of applying for the Chase Sapphire Preferred, make sure you have budgeted for the $4,000 spending over 3 months that would get yous the carte's best-in-class welcome offer of 100,000 points.

The $95 annual fee will non modify. Afterwards August 16, the card's design will alter too, Chase says, adding that this new look will be available for existing carte members as well.

• Intro offer:

  60,000 points

• Annual fee:

  $95

• Regular APR:

  fifteen.99%-22.99% Variable

• Recommended credit:

  670-850 (Expert to Fantabulous)

• Apply Now At Chase's secure site

• Intro offer:

  50,000 points

• Annual fee:

  $550

• Regular April:

  xvi.99%-23.99% Variable

• Recommended credit:

  740-850 (Excellent)

• Apply Now At Chase'southward secure site

• Intro offer:

  100,000 points

• Annual fee:

  $695

• Regular April:

  See Pay Over Time APR

• Recommended credit:

  670-850 (Practiced to Fantabulous)

• Learn more At our partner'south secure site Run into Rates & Fees, Terms Apply.

Chase Sapphire Reserve Bill of fare Updates

The premium Chase Sapphire Reserve card — which has a $550 almanac fee but offers a lot more perks for travelers — is getting an upgrade, besides.

Equally of August 16, Chase Sapphire Reserve cardholders volition earn 10 points per dollar on Chase Dining purchases, and on hotel stays and motorcar rentals fabricated through the Ultimate Rewards portal. They'll also earn 5 points per dollar on airfare purchased through the portal. Previously, the carte earned a general elevated rate of 3x points on all dining and travel, which is remaining.

Later this twelvemonth, cardholders will have access to "Reserved past Sapphire," a booking service that will assist cardmembers get reservations at some of the most sectional restaurants in the country. These include Redbird in Los Angeles, Reverence in New York City and Ane Off Hospitality in Chicago.

The card will continue to earn a 50,000-point sign-up bonus after you spend $iv,000 in the first three months of business relationship opening. This is worth up to $750 when redeemed for travel, according to Chase.

The carte will continue to bear a $550 annual fee also as existing benefits such as the $300 travel credit and up to $100 credit towards TSA PreCheck/Global Entry.

New Airport Lounges Opening to Sapphire Reserve Cardholders

Chase has also appear new airport lounge locations at New York's LaGuardia Airdrome (LGA), Boston'south Logan International Airport (BOS) and Hong Kong International Airport (HKG), with more locations to open up at a afterward engagement. Chase Sapphire Reserve cardholders and Priority Pass members will accept access to Chase Sapphire Lounge past The Club airport lounges.

Lesser Line

These are welcome updates to two popular travel rewards credit cards from Hunt, giving cardholders the opportunity to earn even more bonus points on their purchases that they tin can later redeem for free or discounted travel.

Amend yet, neither menu is increasing in almanac fee — a stark contrast from the Sapphire Reserve bill of fare'southward elevation competitor, The Platinum Card® from American Express, which recently increased its almanac fee from $550 to $695.

The benefits will go into effect on August 16 for both new and existing cardholders.

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Source: https://time.com/nextadvisor/credit-cards/chase/updates-chase-sapphire-preferred-reserve-get-even-better/

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