Chase Sending Automatic $100 Statement Credit To Sapphire Reserve Cardholders To Partially Offset Annual Fee

Update 7/12/21: The $100 credits are ending in July – anyone with a renewal from August 1, 2021 and onward will pay the full $550 annual fee.

Update 6/30/21: Reader Andy heard from Chase secure messages that this will continue for July as well.

Update 6/5/21: Annual fee are still posting at $550, but they are still sending out $100 statement credits for those whose annual fees are posting in June. Unknown how long it’ll last. Hat tip to reader Sara

Update 5/1/21: Annual fee are still posting at $550, but they are still sending out $100 statement credits for those whose annual fees are posting in May. Hat tip to ruxpin810

Update 4/2/21: Annual fees are posting at $550 again, but cardholders are receiving this secured message again stating that they will receive a $100 statement credit.

Original Post 4/1/2020:

Many readers got a Secure Message from Chase on their Sapphire Reserve card telling them that they’ll be crediting them back $100 from their $550 annual fee due to the COVID-19 situation.