The Chase Sapphire Reserve credit card has long been a favorite among travel enthusiasts, and JPMorgan Chase just dropped a bombshell with its latest overhaul. Announced on June 17, 2025, the card now carries a steep $795 annual fee, up 45% from $550. But don’t let the price tag scare you off yet—new perks promise to make this premium card worth it for high-spenders. From boosted rewards to exclusive credits, here’s everything you need to know about the revamped Chase Sapphire Reserve credit card in 2025.
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What’s New with the Chase Sapphire Reserve Credit Card?
JPMorgan Chase is betting big on affluent travelers with this refresh. The bank claims cardholders can access over $2,700 in annual benefits, more than offsetting the fee hike. The card’s rewards structure got a major upgrade, focusing on travel and dining. You’ll now earn 8 points per dollar on all purchases through the Chase Travel portal, a jump from 5 points for flights and 10 for hotels. Direct bookings with airlines and hotels earn 4 points per dollar, up from 3, while dining stays at 3 points.
A new “Points Boost” program doubles the value of points for select travel redemptions, offering up to 2 cents per point on eligible hotel and airline itineraries. This replaces the previous 1.5 cents per point redemption through the portal, giving you more bang for your buck on premium travel.
Fresh Perks to Justify the $795 Fee
The Chase Sapphire Reserve credit card now comes loaded with credits and subscriptions designed for luxury lifestyles. Here’s a quick breakdown of the new benefits:
- $500 annual credit for stays at “The Edit” collection of luxury hotels and resorts.
- $300 dining credit for reservations at restaurants in the Sapphire Reserve Exclusive Tables program, curated by The Infatuation.
- $300 annual credit for purchases on StubHub or Viagogo, perfect for concert and event tickets.
- Free subscriptions to Apple TV+ and Apple Music, valued at $250 per year.
- $120 Lyft credit, dished out in $10 monthly increments.
The card retains its popular $300 annual travel credit, covering everything from flights to baggage fees. For big spenders, hitting $75,000 annually unlocks elite status with Southwest Airlines and IHG Hotels & Resorts, adding even more value.
A New Business Card Joins the Lineup
For entrepreneurs, Chase introduced the Sapphire Reserve Business card, also priced at $795. It mirrors the consumer card’s perks but adds credits for business tools like ZipRecruiter and Google Workspace. This move pits Chase directly against American Express, which has long dominated the premium business card space with its Platinum offerings. The business card launches alongside the consumer version on June 23, 2025, with existing cardholders transitioning to the new fee and benefits on October 26.
Why the Fee Hike? A Competitive Landscape
The $795 fee might raise eyebrows, but it’s part of a broader trend in the premium credit card wars. American Express teased “major” updates to its Platinum cards, which currently cost $695 annually, signaling a response to Chase’s bold move. Both banks are chasing high-spending millennials who crave exclusive experiences, from airport lounges to curated dining. Chase has invested heavily in its Sapphire brand, opening lounges at airports like LaGuardia and hosting VIP events at the Paris Olympics and Art Basel.
Despite the cost, analysts argue the Chase Sapphire Reserve credit card remains a strong contender. The card’s redesigned metal look and hefty feel scream prestige, and its benefits cater to those who max out credits and rewards. However, some cardholders may balk at the fee and consider downgrading to the Sapphire Preferred or switching to competitors like Capital One’s Venture X, which charges $395.
Is It Worth It for You?
The Chase Sapphire Reserve credit card isn’t for everyone. If you travel frequently, dine at upscale restaurants, and attend events, the credits alone could cover the fee. For example, using the $500 hotel credit, $300 dining credit, and $300 travel credit knocks $1,100 off your effective cost. Add in the boosted points and subscriptions, and the math starts to look appealing. But if you don’t spend enough to leverage these perks, the $795 fee could sting.
The card’s success hinges on whether cardholders embrace Chase’s ecosystem. With exclusive dining reservations and luxury hotel credits, the bank is doubling down on lifestyle benefits. Early buzz on social media shows mixed reactions—some love the new perks, while others grumble about the fee. Time will tell if Chase’s gamble pays off.
Decide if the Chase Sapphire Reserve credit card fits your wallet. Visit Chase’s website to explore the full benefits and apply by June 23, 2025, to lock in the new perks from day one.