Update 7/6/21: Account terms seem to be changing as of 8/31/21 and the annual fee will be $550 according to these terms (on next renewal). I suspect this means the $100 statement credit will no longer be offered?
Update 4/2/21: Annual fees are posting at $550 again, but cardholders are receiving secured messages stating they will receive a $100 statement credit.
Update 2/5/21: The reduced annual fee will continue until March 30, 2021.
(Update: readers confirm that the annual fees on cards renewals slated for February 1st will also be the lower $450. We don’t know about March and beyond.)
In April 2020 Chase announced that Chase Sapphire Reserve cardholders with a renewal date between April 1 – July 1 would have a reduced annual fee of $450. That was then extended until the end of December. themaskedmoron now reports receiving an annual fee of $450 in 2021, so it seems that the $550 annual fee has been delayed further. New or upgraded accounts still see the $550 annual fee unfortunately.
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