Chase Sapphire Reserve Card Refresh June 23 & Existing Benefits Through October 26, 2025

Chase has finally released more information about the Sapphire Reserve refresh, which will take place on June 23, 2025. However, existing cardmembers can continue to enjoy their current benefits structure until October 26.

The main changes are that the yearly annual fee increases $245 to from $550 to $795, the authorized user fee increases by $120 from $75 to $195, the points earning multiplier is dropped for ALL travel, and points value used through Chase travel is reduced from 1.5 cents each to 1 cent each.

You can access Chase here.

$500 Edit Credit:

There is a new $500 yearly Edit credit that you must use for stays of two nights or longer. The credit is available in two installments: $250 for January to June and another $250 for July to December.

Remember that these Edit bookings are not eligible for hotel loyalty program benefits and are often at very expensive hotels. Therefore, if you want to use the credit wisely, it can be a challenge, depending on the market where you travel.

You also won’t earn points for Edit bookings that are partially offset using these two yearly credits.

Points Boost:

Instead of using Chase points at 1.5 cents per point towards all travel booked through Chase Travel, they are worth 1 cent each for most travel.

The Chase point is worth 2 cents each for booking select hotels and premium cabin tickets on select airlines.

$300 Annual Dining Credit

Cardmembers receive a $150 dining credit from January to June and another $150 from July to December, which must be used at restaurants that are part of Sapphire Reserve’s Exclusive Tables.

IHG One Rewards Platinum Status

Cardmembers can link their account with IHG and get IHG One Rewards Platinum status through December 21, 2027.

Note that IHG Platinum status comes with limited benefits and doesn’t include lounge access or breakfast.

Apple TV+ & Apple Music

Cardmembers can get a complimentary subscription to this service through June 22, 2027.

Stubhub

Two $150 Stuhub credits for the January–June and July–December periods.

Additional Benefits When Spending $75K Yearly:

IHG One Rewards Diamond status (you get breakfast but no lounge access or suite upgrade certs)

$500 Southwest Credit that must be used through Chase Travel

Southwest Airlines A-List Status

$250 Shops at Chase Credit

Benefit Changes:

Starting June 23, 2025

Benefits

Start using Points Boost on Chase Travel to maximize the value of your rewards

Your card

Continue using your current card; you’ll receive the new card design upon your card’s expiration date

Starting October 26, 2025

Points

Your purchases will earn:

• 8x points on Chase Travel (replacing 5x on flights and 10x on hotels and car rentals)*
• 4x points on flights and hotels purchased direct (replacing 3x on all travel)*
• 3x points on dining worldwide*
• 5x total points on all eligible Lyft purchases*
• 10x points on eligible Peloton hardware and accessory purchases*

Redeem new points earned:

• 1x on Chase Travel for purchases not eligible for Points Boost*

Benefits

Access the full suite of benefits, including:

• Up to $300 annual travel credit—still the most flexible travel credit available*
• Up to $500 annually for prepaid bookings made with The Edit*
• IHG Platinum Elite status*
• Up to $300 annually in statement credits when you dine at Sapphire Reserve Exclusive Tables*
• Complimentary Apple TV+* and Apple Music* through June 22, 2027, a value of $250 annually
• Up to $300 in annual StubHub credits*
• Up to $300 in annual DoorDash promos for restaurant, grocery or retail*^,*, plus complimentary DashPass membership worth $120 annually*
• Up to $120 in annual Lyft in-app credits*
• Up to $120 in annual Peloton credits*
• Up to $120 in one statement credit every 4 years towards Global Entry, TSA PreCheck^® or NEXUS*

Fee

Your annual fee will be $795 on your anniversary date, adjusted from $550. The fee for each authorized user* will be $195.

Through October 26, 2027

Points

For points earned prior to October 26, 2025, you will automatically get the best offer available, whether it’s Points Boost or 1.5x on Chase Travel, maximizing the value of your rewards for the next two years.

Visit the Benefits Hub on Chase.com or the Chase Mobile App beginning on June 23, 2025 to see how you can use your points to get the best offers on travel.

And beyond

Points

Browse Points Boost offers worth up to 2x on Chase Travel

Conclusion

When it comes to credit cards, you always have to see what works for you and what doesn’t. I prefer simplicity and have used this card for most of my travel and dining expenses.

Remember that Chase currently categorizes travel very broadly, encompassing almost everything related to travel, including public transportation and OTA bookings.

The general travel multiplier is soon 4, but these points are worth less towards Chase travel bookings than the 3 points you earn now, and only applies to airline and hotel bookings made directly.

The problem is that it is often much easier to book through an OTA or a Travel Agent if you construct complicated itineraries, and I rarely book directly with an airline other than award tickets.

With hotels, this means earning 4 points per USD at all hotels you pay directly, regardless of whether you booked through an OTA or not. I have no issue with this.

You earn 8 points per USD if you book through Chase Travel, but I never book hotels through this service, as this is an OTA, and your elite benefits don’t apply. I sometimes book non-chain hotels, but there are always other booking channels, such as Trip, that offer lower pricing.

I spent $56K on this card last year, and my spending for the year is exactly on the same trajectory. Half to one-third of travel expenses won’t qualify under any multiplier after this refresh, and I need to start using another card for those.

The $300 travel credit is easy to use, but the annual dining credits, Doordash, Stubhub, etc., coupon book aspects are of no value to me. I need to have another look at Chase Travel later this year to see if I can utilize it more for air bookings.

I just played around with the Chase Travel, and it seems that many, if not all, of these Edit hotels are also eligible for loyalty program benefits and hence must also qualify for stays with various programs, I saw Bonvoy and Accor mentioned.

Overall, I would have preferred to keep the existing earning and usage structure, as this refreshment requires me to adjust my usage and start using another card for travel expenses that don’t qualify under any multipliers.

What are your thoughts about this refresh? Please comment below.

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