JPMorgan Chase is rolling out a major update to its premium Sapphire Reserve credit card — and with it, a hefty 45 percent jump in the annual fee.
Starting June 23, the annual cost will rise to $795, up from $550. It's the biggest fee increase since the card's launch in 2016, but the bank is betting a new suite of perks will keep cardholders on board.
Chase says the revamped card will offer more than $2,700 in value, with expanded benefits across travel, dining, and entertainment.
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