JPMorgan Boosts Annual Fee on Chase Sapphire Reserve Card
- Lender is increasing the yearly cost to $550 from $450
- Bank follows AmEx in raising fees while adding perks
The popular Chase Sapphire Reserve credit card is about to get more expensive.
JPMorgan Chase & Co. is boosting the annual fee for customers to $550 from $450 as it adds new perks with partners such as DoorDash and Lyft Inc., according to bank spokeswoman Ashley Dodd. For new cardholders, the increased annual fee will go into effect on Jan. 12, while existing customers will pay the new fee once their cards renew starting April 1.