Chase Sapphire Reserve getting new benefits, annual fee increasing - Business Insider

since it launched in 2016, and its strong set of benefits has led to increased competition from other premium cards., including up to $120 in credits for DoorDash purchases, and complimentary Pink membership with Lyft — which includes 15% ride discounts and more.

You still have time to lock in a lower annual fee of $450 for the first year — apply by January 12. After that, the fee will increase to $550. Keep in mind that the card offers up to $300 in statement credits for all travel purchases, so if you factor in that and the value of the card's other benefits and points, it could still be worth it.

The arms race among premium credit cards is off to a strong start in 2020. American Express added several new benefits — and increased annual fees — to its lineup of Membership Rewards cards over the last year, and now Chase has announced some changes to its mega-popularFirst, the bad news: The annual fee is increasing from $450 to $550, while will put it on par with

. There's no way to spin this as a positive, though depending on how useful you find the new benefits, it could still be worth it.yet, you can apply by January 12 to lock in the $450 annual fee for your first year before being transitioned to the $550 fee.

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