Jun 17, 2025, 7:47 am
Last edit by: mia
Announcement is published here: https://account.chase.com/sapphire/reserve/benefits
Current Sapphire Reserve cardholders should follow the link at the very top of the Announcement. Also see post 1 of this thread for the same material.
New terms are published here: https://account.chase.com/sapphire/reserve/disclosures
Speculative discussion about anticipated changes was in this thread: Sapphire Refresh - Project Emerald
Current Sapphire Reserve cardholders should follow the link at the very top of the Announcement. Also see post 1 of this thread for the same material.
New terms are published here: https://account.chase.com/sapphire/reserve/disclosures
Speculative discussion about anticipated changes was in this thread: Sapphire Refresh - Project Emerald
Chase Sapphire Reserve refreshed 23 June 2025
Jun 17, 2025 | 9:59 am
#46
FlyerTalk Evangelist
Join Date: Aug 2002
Location: Intermountain West
Programs: Too many to list
Posts: 12,745
oh also the 1.25x for the CSP/Ink goes away as well
https://frequentmiler.com/chase-trav...-points-boost/
https://frequentmiler.com/chase-trav...-points-boost/
Jun 17, 2025 | 10:00 am
#47
Join Date: Feb 2012
Location: The place where it gets so hot in the summer some planes can't take off.
Programs: Marriott LT Titanium, WoH Globalist, National EE, United Platinum
Posts: 1,487
My AF is on Sept 1, and frankly I don't feel like I'll use many of these new benefits. I will probably transfer my UR points to my Freedom Unlimited, cancel the CSR, and apply for a new CSP instead to get the signup bonus. I haven't had a CSP in 10 years and I've had the CSR for about that long too. And I think I'm at 0/24. 
Jun 17, 2025 | 10:02 am
#48
Join Date: Feb 2006
Posts: 1,553
You are, of course, 100% correct. However, the last Ritz change was an increased free-night certifivate to 85K, while the annual fee remained at $450.00.
I am fully expecting the annual fee may be increased, at some point, and am surprised it hasn't already, but I would hope that Chase would add some additional benefits to justify the increase.
There is always a chance they could drop the card entirely, and force a product change, but I would only expect that if Chase and Marriott parted ways.
I just think at this moment, the Ritz may represent a value proposition to dissatisfied CSR holders.
I am fully expecting the annual fee may be increased, at some point, and am surprised it hasn't already, but I would hope that Chase would add some additional benefits to justify the increase.
There is always a chance they could drop the card entirely, and force a product change, but I would only expect that if Chase and Marriott parted ways.
I just think at this moment, the Ritz may represent a value proposition to dissatisfied CSR holders.
Jun 17, 2025 | 10:10 am
#49
Join Date: Jan 2015
Programs: Marriott Titanium and LTP, United Gold
Posts: 827
You are, of course, 100% correct. However, the last Ritz change was an increased free-night certifivate to 85K, while the annual fee remained at $450.00.
I am fully expecting the annual fee may be increased, at some point, and am surprised it hasn't already, but I would hope that Chase would add some additional benefits to justify the increase.
There is always a chance they could drop the card entirely, and force a product change, but I would only expect that if Chase and Marriott parted ways.
I just think at this moment, the Ritz may represent a value proposition to dissatisfied CSR holders.
I am fully expecting the annual fee may be increased, at some point, and am surprised it hasn't already, but I would hope that Chase would add some additional benefits to justify the increase.
There is always a chance they could drop the card entirely, and force a product change, but I would only expect that if Chase and Marriott parted ways.
I just think at this moment, the Ritz may represent a value proposition to dissatisfied CSR holders.
Jun 17, 2025 | 10:12 am
#50
FlyerTalk Evangelist
Join Date: Dec 2006
Location: Pacific Northwest
Programs: UA Gold 1MM, AS Plat, AA EP, Bonvoy Plat, Hilton Dia, Hyatt Glob, IHG Plat, ...
Posts: 21,545
But if they have HR-level hotels in their collection, that is actually a good thing for me.
Jun 17, 2025 | 10:15 am
#51
Join Date: Feb 2000
Location: Menlo Park, CA, USA
Programs: UA 1MM 0P, AA, DL, *wood, Lifetime FPC Plat., IHG, HHD
Posts: 7,176
Jun 17, 2025 | 10:19 am
#52
Flyertalk Posting Legend Moderator: Credit Card Programs, American Express, Capital One, Chase, Citi, Diners Club, Eco Travel, Signatures
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA, IHG & Marriott Platinum; DL & HH Gold
Posts: 51,889
I think Chase is constrained by needing Marriott to agree to all changes, and inasmuch as Marriott awarded American Express the "premium" card slot they need to stay under the radar.
Whenever there is a product refresh it's natural to make New vs Old comparisons, but the more productive comparison is New versus Other current products. Discontinued products are certainly worth a mention, but I don't see them as viable for most people.
Whenever there is a product refresh it's natural to make New vs Old comparisons, but the more productive comparison is New versus Other current products. Discontinued products are certainly worth a mention, but I don't see them as viable for most people.
Jun 17, 2025 | 10:28 am
#53
Join Date: Jul 2008
Location: NYC
Programs: DL DM and 1MM, HH Diamond, Hertz PC
Posts: 210
So this isn't as bad as I feared. With the new AF $795 (not $895 as rumored) and the $300 travel credit staying, it is effectively a $295 AF (a $250 increase). The travel earning change from 3x on everything to 4x air/hotel and 1x other is basically a wash.
So, for the additional $250 AF, we get new "coupons" for: The Edit, Sapphire Reserve Tables, AppleTV, and StubHub. Everyone's calculus on this will be different, but I pay AppleTV out of pocket today, so that is $120, and I usually do a few StubHub ticket orders per year anyway. So I am sure I won't "maximize" the value of these coupons but thinking I will spend enough without changing behavior to cover the $250 fee increase.
I'll have to think a little more on the drop from 1.5x in redemptions to 1x. That piece has opened my eyes to the fact that I have been sleeping on Hyatt as a viable transfer partner to extract value from UR. I may test that out for the year before my new AF hits in 2026.
So, for the additional $250 AF, we get new "coupons" for: The Edit, Sapphire Reserve Tables, AppleTV, and StubHub. Everyone's calculus on this will be different, but I pay AppleTV out of pocket today, so that is $120, and I usually do a few StubHub ticket orders per year anyway. So I am sure I won't "maximize" the value of these coupons but thinking I will spend enough without changing behavior to cover the $250 fee increase.
I'll have to think a little more on the drop from 1.5x in redemptions to 1x. That piece has opened my eyes to the fact that I have been sleeping on Hyatt as a viable transfer partner to extract value from UR. I may test that out for the year before my new AF hits in 2026.
For me without blinking an eye:
$300 travel credit
$300 StubHub
$120 - Apple TV
$60 - DoorDash
$780
Can probably get at least one dining credit in there with minimal effort
Jun 17, 2025 | 10:38 am
#54
Join Date: Feb 2025
Posts: 30
For me, the Lyft going down from 10x to 5x has really flown under the radar, and that will sting a little.
Jun 17, 2025 | 10:40 am
#55
Join Date: Oct 2013
Posts: 375
I think a lot of people are overestimating how much they use the 3x on other travel. I hear a lot of transit and trains. How much of a loss can that possibly be for the average person to lose 2x points on those? Certainly if you're spending 75k, it's not on trains. 4x points on direct book hotels and planes are solid offers that can easily get you to 75k.
Last edited by jdsva; Jun 17, 2025 at 10:43 am Reason: Missed parenthesis
Jun 17, 2025 | 10:41 am
#56
Join Date: Sep 2007
Location: PDX, BKK
Programs: Atmos Titanium, Hyatt Globalist.
Posts: 240
Does the 4X on all flights and hotels purchased direct mean purchased direct through the provider? ie Hyatt website or Singapore airlines website? Or is it 4X purchased direct through Chase portal? If it's the former, it's great, if it's the latter, it sucks. I travel several times a year internationally and stay at Hyatts almost exclusively in SE Asia for weeks/months at a time so the card could still be of value to me.
Jun 17, 2025 | 10:43 am
#57
Join Date: Oct 2013
Posts: 375
Does the 4X on all flights and hotels purchased direct mean purchased direct through the provider? ie Hyatt website or Singapore airlines website? Or is it 4X purchased direct through Chase portal? If it's the former, it's great, if it's the latter, it sucks. I travel several times a year internationally and stay at Hyatts almost exclusively in SE Asia for weeks/months at a time so the card could still be of value to me.
Jun 17, 2025 | 10:44 am
#58
FlyerTalk Evangelist
Join Date: Dec 2006
Location: Pacific Northwest
Programs: UA Gold 1MM, AS Plat, AA EP, Bonvoy Plat, Hilton Dia, Hyatt Glob, IHG Plat, ...
Posts: 21,545
Just to be clear, it seems the change from 3X to 1X on all travel for existing cardholders begins on 10/26/25. I have a large cruise payment pending that isnt due until, I think, November, but I will contact my travel agent to make sure they run the card before 10/26.
Jun 17, 2025 | 10:48 am
#59
Join Date: Oct 2013
Posts: 375
Just to be clear, it seems the change from 3X to 1X on all travel for existing cardholders begins on 10/26/25. I have a large cruise payment pending that isnt due until, I think, November, but I will contact my travel agent to make sure they run the card before 10/26.
Jun 17, 2025 | 10:51 am
#60
Join Date: Mar 2018
Programs: UA 1K, AA EXP. Hilton Diamond
Posts: 1,346
I think a lot of people are overestimating how much they use the 3x on other travel. I hear a lot of transit and trains. How much of a loss can that possibly be for the average person to lose 2x points on those? Certainly if you're spending 75k, it's not on trains. 4x points on direct book hotels and planes are solid offers that can easily get you to 75k.
For me, the Lyft going down from 10x to 5x has really flown under the radar, and that will sting a little.
For me, the Lyft going down from 10x to 5x has really flown under the radar, and that will sting a little.