Chase Sapphire Reserve $550 Annual Fee Renewal Delayed Further?

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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JW in GA
JW in GA

My CSR AF hit 2/1 for $450. I just called in to see about any other offers and got nothing. They reiterated the reduced AF but come on for even $150 after the $300 travel credit this is no longer a compelling card especially with the Freedom’s now getting 3x on dining… Looks like I’ll be keeping my AMEX Plat and dumping the CSR (well downgrading to Freedom Flex).

Esquiar
Esquiar

How will they justify the annual fee at $550 when they haven’t announced renewal of DoorDash credits or any replacement? Anyone renewing this year has already used their 2021 credit. That means paying an extra $155 for a marginal +1x on travel over CSP and quarter-cent on PYB. Only worth it if redeeming 62k pts/yr or spending $10.3k on travel lmao

sullim4
sullim4

With CFU offering 3x dining, it’s hard to justify the CSR AU fee as PP is useless. I wish they’d dump the priority pass or at least give you the option to waive it in exchange for a free AU.

As it is, I stuck my CSR on her mobile wallet, so we can get the bonuses on groceries. The iPhone is a poor man’s CSR AU.

EM
EM

Mine posted Feb 1st for $450.

CM
CM

Pretty sure I got charged $550 last year after a PC to CSR in the summer of 2020, on not just one, but two CSRs. They didn’t do the 100 discount for any PC, it seems.

Will we get 450 renewal this year? I actually planned to not renew either one, because I’ll be at the 48mo mark, so, a new one might make more sense whilst the double-dip is still a thing. I guess we’ll see how it goes; lower fees always nice for the extra flexibility; although I guess it might be no more by the summer, making a PC an easier choice.

Nick
Nick

I think the 450 is for those renewing… 550 is for new/product change

Alex
Alex

Yeah I got hit with the 550 for a PC as well despite new applications being 450 and all renewal fees were for 450. What a joke…

GG
GG

Not for me – a couple months ago they charged me $450 followed by $75. I called in and asked for a retention offer and no luck – they offered to cancel. My account is neither new nor upgraded either.

projectx
projectx

Yep, $450 AF just posted to my account as well.

Bob
Bob

My annual renewal date is 2/7. $450 fee posted on 2/1.

OyVey
OyVey

My account open date falls on 3/1, would the fee be charged on 4/1? It would suck if I get the $550 being off by a day.

5150d
5150d

Pay Yourself Back is great!