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If you’ve been eyeing the Chase Sapphire Reserve, or already carry it in your wallet, get ready — a major overhaul is arriving this summer. Chase is rolling out an updated version of the card starting June 23, 2025, complete with an entirely refreshed rewards structure, a new high-value redemption feature, and even more lifestyle credits. And for the first time ever, they’re launching a Chase Sapphire Reserve for Business.
This isn’t just a minor facelift — this is a full-on evolution of one of the most beloved premium travel cards on the market. Let’s dig into the Chase Sapphire Reserve Refresh, what’s changing, and whether it’s still the right fit for your travel and lifestyle goals.
Let’s get straight to it with the bad news first: the annual fee is increasing. Starting October 26, 2025, the fee will jump from $550 to $795 for existing card members, which will occur on their anniversary date following October 26th. For new card members who apply on or after June 23rd 2025, the new $795 annual fee will go into effect immediately. Authorized user fees are also climbing from $75 to $195 per user. That’s a big hike, but Chase is adding a hefty amount of value to justify the cost — more than $1,500 annually, to be exact.
Here’s a breakdown of the key changes:
June 23, 2025 – New applicants will receive the refreshed card benefits immediately. Existing cardholders will get access to the new Points Boost feature on this date. New card members will pay the updated $795 annual fee.
October 26, 2025 – Full new benefits begin for current cardholders. The increased annual fee takes effect on the next anniversary after this date.
Chase isn’t just increasing the price — they’re stacking this card with a long list of statement credits and travel perks to deliver serious value.
New to the Sapphire Reserve is Points Boost, a redemption multiplier that allows cardholders to get up to 2 cents per point on select Chase Travel redemptions. It replaces the current 1.5x redemption through Chase Travel, and will be available to all cardholders starting June 23, 2025.
8x points on Chase Travel bookings
4x points on direct bookings for flights and hotels
3x points on dining worldwide
5x points on Lyft rides
10x points on Peloton equipment purchases
While this setup favors bookings made through Chase Travel, it still offers generous multipliers on lifestyle and fitness categories.
To offset the higher annual fee, Chase is rolling out a suite of lifestyle credits and elite perks designed for high-value cardholders. Here’s a preview of what’s included:
$500 annually on bookings made through The Edit, a curated hotel collection
$300 in annual credits for StubHub or Viagogo
$300 in DoorDash promos, including food, groceries, and retail
$300 in credits for dining at exclusive OpenTable Sapphire Reserve Tables
$250 in value from complimentary Apple TV+ and Apple Music through 2027
$120 annual Lyft credit
$120 in Peloton credits
$120 value from DashPass membership
Global Entry/TSA PreCheck/NEXUS fee credit every 4 years
IHG One Rewards Platinum Elite status
That’s a ton of potential value — and if you take advantage of even half of these perks, it can easily offset the new $795 price tag.
Already a Sapphire Reserve cardholder? Here’s how your transition will work:
You’ll keep your current benefits and annual fee through October 25, 2025.
On June 23, 2025, you’ll get early access to Points Boost.
On your first anniversary after October 26, 2025, your benefits will automatically update, and your annual fee will increase to $795.
You’ll receive the new metal card design once your current card expires.
The good news: Points earned before October 26, 2025, will automatically get the best redemption rate, whether that’s 1.5x (legacy) or through Points Boost — until October 26, 2027.
With the refresh, Chase is clearly trying to compete with premium players like the Amex Platinum and Capital One Venture X. The new Sapphire Reserve now offers stronger travel redemption, a more robust credit package, and a continued focus on flexible, real-life benefits like delivery, fitness, and entertainment.
✅ Who it’s great for:
Frequent travelers who book through Chase Travel
Foodies and dine-out enthusiasts
People who regularly use DoorDash, Lyft, and Peloton
Fans of streaming and lifestyle perks
Those looking for IHG Platinum Elite benefits
❌ Who it might not be for:
Casual travelers who don’t maximize perks
People who prefer booking travel directly for better elite benefits
Users turned off by the $795 fee if they won’t redeem the credits
Now here’s the brand-new twist: Chase is expanding its Sapphire line with the first-ever Sapphire Reserve for Business — also launching on June 23, 2025.
$795 annual fee
$300 annual travel credit (same as personal card)
8x points on Chase Travel
4x points on flights, hotels, and dining
3x points on social media and search engine advertising
5x on Lyft, 10x on Peloton, and more
This card targets business owners who spend big on ads, travel, and client entertainment — offering elevated earnings in some of the most valuable categories.
$400 in ZipRecruiter credits
$200 toward Google Workspace
$100 from Giftcards.com
$500 bonus from The Shops at Chase after $120,000 in spend
Pair that with elite perks like Priority Pass, DoorDash credits, and Global Entry, and you’ve got a strong contender in the premium business card space.
This refresh signals a bold new chapter for Chase’s flagship travel card — one that clearly responds to today’s cardholder lifestyle. While the higher annual fee will cause some sticker shock, the added value — if fully used — makes it one of the most benefit-rich premium cards available.
And with the launch of the Sapphire Reserve for Business, Chase is clearly doubling down on building a versatile, premium ecosystem that meets both personal and professional needs.
Whether you’re a globetrotter, a dining aficionado, or a business owner scaling your brand, the new Sapphire Reserve lineup is worth a serious look.
Affiliate and Relationship Disclosure: Credit Mileage may receive compensation from affiliate links included in this post at no extra cost to you. This helps support our mission of providing quality financial education and resources. Additionally, Credit Mileage has a direct business relationship with eCreditAdvisor, which may be mentioned or linked in our content. Our opinions and recommendations remain our own, and we only promote products or services that we believe offer value to our readers. We currently do not have any credit card affiliate links on our website.
Editorial note: The views expressed in this article are solely those of the author and do not reflect the opinions of any bank, credit card company, airline, or hotel chain. None of these organizations have reviewed, approved, or endorsed the content in any way.
Legal and Financial Advice Disclosure: Credit Mileage is not a law firm, and this article is not intended to provide legal or financial advice. This information is meant purely for educational purposes. We strive to offer accurate and up-to-date information, but it is not a substitute for professional financial or legal advice. Always consult with a qualified attorney or financial advisor before making any decisions regarding your financial situation.
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The Citi Custom Cash Card offers 5% back on your top eligible category each billing cycle (up to $500, then 1%), plus 1% back on other purchases. With no annual fee, a solid welcome bonus, and flexible redemption through Citi ThankYou® Rewards, it’s a versatile, beginner-friendly, and maximizer-approved credit card.
The refreshed Chase Sapphire Reserve (as of June 23, 2025) now offers 8x on Chase Travel, 4x on direct flights and hotels, 3x on dining, and over $1,500 in annual credits. With the new Points Boost feature and upgraded benefits, it’s a powerhouse for travelers and lifestyle spenders seeking premium value.
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