Update 7/12/21: Seems many readers got a mailer indicating they’ll only be paying $450 for their August 1, 2021 renewal. My guess is the difference here is when you signed up with some people having the August 1st deadline and some having the September 1st deadline, but I’m not entirely clear.
Original Post 7/12/21:
Chase Sapphire Reserve had its $550 annual fee lowered to $450 at the beginning of the pandemic, and then – for over a year – they were charging $550 but also giving a $100 statement credit. However, for renewals from August 1st and onward, the full annual fee of $550 will be paid.
We speculated this based on what readers were hearing from Chase, and it’s now been confirmed by TPG that no statement credits or reductions will be offered for those with annual fee renewals on August 1st and onward. New signups were always paying the full $550.
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