[Confirmed] Chase Sapphire Changes: $550 Annual Fee, Lyft Pink Membership, DoorDash Credit & More

Update 4: All of these changes have now been confirmed.

Update 3: Chase Cards Will Receive 5x or 10x on All Lyft Rides (CSR – 10x and Pink; Ink, Sapphire, Freedom – 5x)

Update 2: DD is reporting that the card will also earn 10x points per $1 spent on all Lyft purchases until 3/31/22

Update 1: Cardmember agreement now states that the annual fee is $450 to $550, seemingly all but confirming the annual fee increase.

Original post: Earlier today we shared the news that Chase Sapphire Reserve cardholders now get two years of DoorDash DashPass for free. There are a number of other changes rumored to be on the horizon:

  • Annual fee will increase to $550 for new users on January 12th, 2020
  • Annual fee will increase to $550 for existing users in April, 2020
  • Not possible to product change to the card until after January 12th, 2020 (new $550 annual fee will be charged)
  • Complimentary Lyft pink membership to be added on January 12th, 2020
  • $60 DoorDash credit to be added for 2020 and 2021 (this is is an annual credit that is valid from 1/12 – 12/31 each year).

Another source was saying that the DoorDash credit would be $10 monthly, so not sure if Chase changed how this would work or not. It’s also not clear if the $60 credit will be a yearly benefit or $5 monthly.

I’m fairly confident that the annual fee information is correct and the dates should be accurate, I’m less confident about the other information but still high likely.

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Bing
Bing

William Charles Chuck Just received a Secure Message from Chase:

From: Chase Card Services
Subject: Important: A $100 statement credit toward the annual fee on your Reserve credit card

We recognize this is a difficult time for everyone. As a way to help, we’re providing you a one-time $100 statement credit toward the 2020 $550 annual fee on your Reserve credit card. On an upcoming billing statement (based on your renewal date), you’ll see a $550 charge for the annual fee, followed by a $100 statement credit. We will continue to bill the $550 annual fee in 2021.

Because this credit only applies to open Reserve accounts, if you’ve closed your Reserve account or traded to another credit card before your renewal, you will not receive the $100 statement credit.

We know COVID-19 has affected people in many different ways. Please check chase.com/StayConnected for updates and helpful ways to stay connected to your accounts.

Chuck

Thanks, posted.

Tim
Tim

William Charles Chuck Got an email from Chase today with additional benefits:

Free One Year of Shoprunner
New Spotify Premium Users: 6 months free then 5% statement credit for 6 months (enroll by 5/31/20)
Existing Spotify Premium Users: 5% monthly statement credit for 6 months (enroll by 5/31/20)
Groupon: 10% Back in Groupon Bucks every month for 12 months, up to $50 back per month (enroll by 2/28/21)

Not the greatest benefits but some people might find value!

ABHIRUP CHAKRABORTY
ABHIRUP CHAKRABORTY

William Charles Chuck vanilla no fee Sapphire also this benefit of 1 year of dashpass

Chuck

Posted, thanks

MisterBill
MisterBill

So I tried Doordash, and even with the “special” membership it’s charging me an 11% service fee on delivery orders for the restaurant. When I change to pickup, the fee disappears. What a rip-off! Only certain restaurants qualify for the reduced 5% service fee.

Pointz
Pointz

It is 11:30 a.m. and the 450 application link is still up. King of FOMO decided to get an extra day for FOMO signups. These people will be paying 550 on the upgrade anyway so why not.

Chunk
Chunk

It’s my first time churning a Sapphire card.. my understanding is that you are supposed to wait for the 1 year annual fee to hit.. and then to have 45(?) days to call in and cancel after you spend the 2nd year $300 travel credit? Isn’t that how to do it?

Joe
Joe
Travis B
Travis B

Anyone know how we enable the DoorDash credit and LyftPink membership?

Celia
Celia
Jeff

$10/month source is incorrect. Total value of the DoorDash benefit is $220. $100 for the DashPass subscription which offers free deliveries an all orders over $12, $60 credit for 2020, and $60 credit for 2021. Still waiting to find out if the $60 credit is yearly or $5/monthly.

Chuck

Yep, we wrote that in the update. It’s $60 per year: $60 for 2020 and $60 for 2021.

Bela Lugosi
Bela Lugosi

In NYC, so my complaint may not apply to a lot of people. I’m a frequent user of shared car rides but not a fan of Lyft Pink, as Lyft often tends to be the most expensive option to begin with…even a pool ride within Manhattan Midtown routinely go over $10, and a 15% discount merely brings it down to the same price range as Via, which uses Mercedes vans. Uber also routinely adds 30~40% off its rides week to week to make it significantly cheaper than Lyft. I get that the 10x UR points make it a bit better benefit, but it’s still not gonna be a very useful one.

Pablo
Pablo

We have opposite luck. Via used to be my preference when they primarily used the Mercedes Metris, but then they started flooding their inventory with Toyota Camry (not my favorite, especially when you have a group of four and have to stuff three adults in the back seat). I check all three apps (Via, Lyft, Uber) and go with best price (which can be a huge difference for the rides to JFK, EWR, LGA. Uber tends to be most expensive usually.

86
86

At least Chase is giving you the option of getting another one of their cards in order to spend more to pay off this extra $100 on your CSR (on a FU that’s ~$4400 in new spending when those points are transferred to the CSR). Chase also doesn’t exclude gift card purchases in their terms, unlike most Amex cards and many other bank’s cards (assuming you’re not taking on greater credit risk than they allow you each month). What would really be a disaster, is if Chase put restrictions on transferring UR to the CSR.