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This is the last day to apply for the Chase Sapphire Reserve before the annual fee jumps to $550

The Chase Sapphire Reserve will increase its annual fee starting Sunday, January 12, 2020. Don't miss your last chance to apply at a less expensive rate!

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Update: Effective January 12, 2020, the Chase Sapphire Reserve® annual fee is $550. Some of the Chase offers below may no longer be available. Please visit our list of the best Chase cards for the most current offers.

The Chase Sapphire Reserve® annual fee is increasing to $550 starting this Sunday, January 12, 2020. Prospective applicants have until end of day on January 11, 2020 to apply for the Chase Sapphire Reserve® card at a $450 annual fee.

If you've been thinking about opening this card for a while, now is the best time since you can save $100 on the annual fee and still take advantage of the new perks offered.

Chase added Lyft and DoorDash perks that are valued at up to $559. Here's the break down:

  • $239 for a complimentary year of Lyft Pink membership, which includes 15% off car rides, relaxed cancellations, priority airport pickups, up to three free 30-minute bike and scooter rides per month and more. Plus earn 10X points on Lyft rides, through March 2022
  • $120 statement credit for DoorDash ($60 in 2020 and $60 in 2021)
  • up to $200 for a free DashPass membership, depending on when you activate, which provides free delivery and lower service fees from hundreds of restaurants on orders of $12 or more

Cardholders continue to receive:

  • 3X points on travel (airfare, hotels, car rentals) and dining purchases worldwide
  • 50% more value on points redeemed for travel through Chase Ultimate Rewards
  • $300 annual travel credit to cover eligible expenses at airlines, hotels, car rental agencies and more
  • $100 application fee credit for Global Entry or TSA PreCheck
  • Complimentary Priority Pass Select membership, with access to over 1,000 VIP lounges in more than 500 cities worldwide
  • Visa Infinite perks, such as hard-to-find primary rental car insurance, trip cancellation and interruption insurance, lost luggage reimbursement and more

The card continues to offer a generous welcome bonus: Earn 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening — worth up to $900 toward travel when you redeem through Chase Ultimate Rewards®.

If you're not willing to pay $450 or $550, consider the Chase Sapphire Preferred® Card with a $95 annual fee. (Compare the Chase Sapphire Reserve® card and the Chase Sapphire Preferred® card.)

Latest: Chase Sapphire Reserve increases annual fee to $550—is the card still worth the cost?

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
Enjoy an intro APR on purchases plus, Discover will match all the cash back you've earned at the end of your first year.
Plenty of rewards and benefits including 4X points per dollar for dining at restaurants worldwide