[Live] Chase Making Changes To Chase Sapphire Reserve & Preferred Cards (Hotel Credit, 10% Anniversary Credit & More)

Update 8/16/21: Live

Update 8/10/21: The changes mentioned below for the Sapphire Preferred and Reserve cards have been confirmed and will go into effect on August 16th. No changes will be made at this time to the annual fees on these cards. (Regarding the $50 Annual Credit on hotel stays purchased through Ultimate Rewards: new cardmembers will start earning towards the credit immediately and existing cardmembers will start earning after their next account anniversary.)

Update: Chase’s media team has confirmed changes are coming to the CSR & CSP, but not what the specific changes are. I’d be surprised if they weren’t the ones listed below, but it’s very possible there will be additional changes as well.

According to leaked cardmember agreements it looks like Chase is making some changes to the Chase Sapphire Reserve & Chase Sapphire Preferred card. Based on these agreements these changes will go into effect on August 15th, 2021. The changes are as follows:

Chase Sapphire Preferred Changes

  • $50 Annual Hotel Credit. This is per cardmember year, rather than calendar year. Must be booked through the Chase Travel Portal.
  • Card earns at the following rates:
    • 5x on travel booked through the Chase Travel portal.
    • 3x on Dining/Streaming Services/online grocery (excludes: excluding Target, Walmart and
      wholesale clubs)
    • 2x on travel
    • 1x on all other purchases
    • 10% Anniversary point bonus. When you renew your card Chase will offer a 10% bonus spend. For example if you spend $25,000 you’d earn 2,500 bonus points.  This is award after the annual fee is paid. This doesn’t apply to the sign up bonus.

Chase Sapphire Reserve Changes

  • Card earns at the following rates:
    • 10x on Chase dining, hotel and car rental purchases through Chase Travel portal
    • 5x on airline travel booked through the Chase Travel portal.
    • 3x on all other dining and all other travel
    • 1x on all other purchases

Our Verdict

Chase offered 10x on dining purchases through Chase Dining when it first launched, so not terribly surprising to see this here. Chase has also offered anniversary point bonuses in the past. The terms don’t show the annual fees, so it’s possible we will see a fee increase on the Sapphire Preferred. Obviously it’s not guaranteed that these changes will go into effect, but it seems very likely unless Chase were underwhelmed with the American Express Platinum changes.

Hat tip to the_one_with_me

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Lela
Lela (@guest_1218706)
July 7, 2021 00:48

You guys are great! And, crazy popular! Imagine how many people read what you wrote within minutes. And then also, for years to come! I still access posts from years ago!

Vy
Vy (@guest_1218873)
July 7, 2021 10:12

Panic is the new outrage. 😱 Well played.

Bee
Bee (@guest_1218876)
July 7, 2021 10:17

Do not worry. Keep up the amazing work!

Churny McChurn
Churny McChurn (@guest_1218911)
July 7, 2021 11:32

Ah yes, thank you for the helpful, on topic comment that had nothing to do with promoting your BS service.

Corey Sacken
Corey Sacken (@guest_1218988)
July 7, 2021 13:33

I’ve been using omaat and tpg for nearly a decade. Your site is by the best and easily my go to. I check it basically every day.

Brutus
Brutus (@guest_1236943)
August 10, 2021 15:07

I’d recommend Frequent Miler over the two you mentioned. Much less emphasis on promoting cards there.

Bee
Bee (@guest_1219052)
July 7, 2021 15:50

Might want to tag on that the hotel credit is only good for Chase portal hotels and not any hotel chain, per the terms. Also, no UR points given on any travel purchases that utilize the hotel credit.

Patti
Patti (@guest_1221427)
July 12, 2021 13:21

That is good to know. Sometimes we crash at an airport hotel if we have a late flight. So we could use the credit on the one night stay and still earn double on the longer stay.

David
David (@guest_1219072)
July 7, 2021 16:39

Dave, I honestly hope your credit situation happens again, except this time dont post about it.

TB
TB (@guest_1236941)
August 10, 2021 15:06

Dave, I honestly hope this time you can stop talking to yourself.

STOP THE FEES
STOP THE FEES (@guest_1277498)
November 3, 2021 18:18

I just got $95 annual fee

Is it waiveable?

A _ P
A _ P (@guest_1255162)
September 18, 2021 05:32

I got CSP pre-approved offer today. I just went below 5/24 a week back, I think that Chase is using it internally to show the offer once I am below 5/24. Also one question, how long will the pre-approved offer last?

A _ P
A _ P (@guest_1260004)
September 30, 2021 19:51

Applied in Branch, got instant approval. Credit score 710. No annual fee for the first year.

Shri
Shri (@guest_1241257)
August 18, 2021 23:54

Did you apply for the new CSP card are unable to see the Chase welcome bonus tracker in UR portal? We received the card but don’t see the tracker yet. does it take a few days to show up?

Also, if you are not eligible for the bonus, does Chase gives you a warning when applying for their credit card?

JLink
JLink (@guest_1240901)
August 18, 2021 12:27

How long do I need to wait until after I cancel CSR to be able to sign-up for CSP to get bonus? I’ve read months (too long, fear bonus will go away), one retention person said wait a few days, Chase branch called CC dept and said wait until card shows closed on Credit Report. So few days to few months are the range of answers I’ve received. 🙁

gsoul
gsoul (@guest_1240601)
August 17, 2021 18:47

I received 3x on dining starting from August 11.

xxxxx
xxxxx (@guest_1240191)
August 17, 2021 06:23

In fact I found my purchase on 14th also get 3x points.

Teri
Teri (@guest_1239923)
August 16, 2021 18:02

Is today the last day for the 100K offer? Seems like it is…

jc.rowly
jc.rowly (@guest_1239919)
August 16, 2021 17:54

the keep raising the fee and giving s**t benefits. i guess they learned from amex…thanks amex!

John Rawls
John Rawls (@guest_1240414)
August 17, 2021 14:53

They didn’t raise the annual fee…

I3CuBeD
I3CuBeD (@guest_1239857)
August 16, 2021 16:13

Car rental only showing Hertz options…..double the price of other companies ….not sure if this is glitch or what….I reserved through Expedia “directly” because of this. (Tam hats refundable so will check again)

Kevin
Kevin (@guest_1239881)
August 16, 2021 16:45

“Tam hats refundable”

Who or what are “tam hats”?

I3CuBeD
I3CuBeD (@guest_1239988)
August 16, 2021 19:38

Oops lol typo ….its* maybe lol but I did a reservation that can be canceled with no penalty

Ivan
Ivan (@guest_1239804)
August 16, 2021 14:29

Interesting that CSP now more valuable than the CSR for dining since it gives 3% plus the anniversary bonus…