A Higher Annual Fee Could Be Coming to the Chase Sapphire Preferred Card

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According to Wandering Aramean, Chase is doing market research on higher annual fees for the Chase Sapphire Preferred card.  The fees being tested are $125 and $149.  That is is a big increase from the current $95 annual fee!

The application page looks the same, except for a different annual fee and phone number.  The annual fee you get could be $95, $125, or $149.  So be careful if you apply for this card directly through Chase!

If you apply through my link, you will still get the $95 fee.  For now at least.

Chase Sapphire Preferred

Link:   Chase Sapphire Preferred

Link:   My Review of the Chase Sapphire Preferred

A Higher Annual Fee Could Be Coming To The Chase Sapphire Preferred Card

The Chase Sapphire Preferred Card Earns 2X Points on Travel and Dining, Which Are 2 of My Favorite Things

The Chase Sapphire Preferred gives you:

  • 40,000 Chase Ultimate Rewards points when you spend $4,000 within 3 months
  • 5,000 Chase Ultimate Rewards points when you make your first purchase and add an authorized user within 3 months 
  • 2X points on travel and dining
  • Annual Fee waived the 1st year, then $95 (for now)
  • NO foreign transaction fees

I like the Chase Sapphire Preferred card because you can transfer the points you earn to airline and hotel partners at a 1:1 ratio.  We’ve taken some great trips – to Paris, India & Macau – because of these transfers such

Pros Cons Of Changing Your Sapphire Preferred To The No Annual Fee Sapphire Card

Chase Sapphire Preferred Transfer Partners

You can also redeem your points for gift cards at 1 cent per point.  So the 40,000 point bonus is worth $400 in gift cards.  And you get an extra 5,000 points for adding an authorized user.

But I prefer to transfer Chase Ultimate Rewards points to airlines and hotels because I can get much more than $400 worth of travel from the points.  This is 1 of the main ways Emily and I can have Big Travel with Small Money!

Bottom Line

Chase is testing out higher annual fees of $125 and $149!  So if you plan on applying for the Chase Sapphire Preferred card, you may want to apply now to avoid paying a higher annual fee later.

That said, remember that the annual fee is waived for 1st year.

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19 responses to “A Higher Annual Fee Could Be Coming to the Chase Sapphire Preferred Card

  1. It’s crazy how poorly this split testing has been done by the Chase marketing department. I don’t understand why they wouldn’t assign the different offers on a per IP basis and not make it possible to change simply by changing a single number in the URL string.

    Not surprising that they are looking to increase this after the Arrival increase the minimum spend requirement.

  2. I am coming up on my first renewal of the Sapphire Preferred and was considering closing it after moving the points to my Chase Freedom. Is that a good idea? I’m not ready to use the points right now. Will I be able to get another Sapphire or other card in the future to help transfer the points for airline miles when I need to make a booking?

  3. what does this mean for AF renewal? Will it remain the same as when I signed up,or go up?

  4. Not to mention, hold time in the last year have gone from instantaneous pickup to waiting 5-10 min.

  5. @Josh, I have still been getting pretty quick service when I call on my CSP. Actually called last night and was picked up immediately, but I guess YMMV.

  6. Is it possible to get a Sapphire card with the chip like shown in the picture? We have several weeks overseas this summer and a chip would help greatly.

  7. Is this card churnable? If so, how long to apply after canceling?

  8. @Ken. I just sent them a secure message on the Chase Website and they sent me one next day without me even asking for that quick of a turnaround. That being said, I have been hugely disappointed by the Chip and Signature cards offered here and by others like Citi. I still have major issues using it in Europe at all automated kiosks, and even at the McDonalds of the worlds or other restaurants many places are baffled that you don’t have a PIN.

    I end up spending far more cash instead of credit because of this. I’ve tried using the PIN 1111, and know supposedly the credit card companies realized how silly Chip and Signature is and are going to change, but until that point the Chip and Pin hasn’t really helped more than the standard card.

  9. I’ve been toying with the idea of getting a Chase Sapp Pref. Only recently started churning. Currently I have a USbank Flexperks card (which I will cancel after I use up my points), Amex MR, a Amex Delta, and a Chase SW. My favorite of these is the Amex MR b/c I can move points to awards programs with better value. I’m waiting out for another 100k point bonus for Amex to get a plat (my husb got in on the last one). So, if you were me, would you continue trying to build points on MR or would you add Chase Sapp to the mix? The bonus isn’t THAT great, but getting in with the lower annual fee might be worth it (will new customers get grandfathered in with the $95 fee?).

    • @Conan – You will be able to keep the points in your account from expiring if you transfer them to the Freedom. But you can’t transfer them to airlines or hotels unless you have the Ink Bold/Plus.

      @JM – It isn’t sure, but currently should be the same as when you applied.

      @Ken – You can call the number at the back or send a message of the card and ask.

      @Becky – Earning points in 2 programs is always better than earning points in 1 program. I personally prefer earning Ultimate Rewards points to Membership Rewards points.

  10. seeing as the bonus for this card was 50k and now its down to 40k, do you think it’d be worth it to wait to see if the 50k offer comes back. obviously this whole new increase in annual fees is probably a big reason not to wait, but wanted to get your thoughts. do you think the higher bonus will come back at all?

  11. The higher annual fee is applied on the new customers or to current customers as well?

  12. @Becky

    Based on a visit to the local Chase, the service rep said yes, the fee is grandfathered. For how long though.. nobody knows

  13. In November of last year the CSP had a 50K bonus with a $125 AF. You would get that or the normal offer depending on seemingly random factors.

  14. @Ken They’ll give you a replacement card with chip if you ask. However, it’s Chip & Signature instead of Chip & PIN.

  15. My math keeps me right on the edge of the keep/cancel decision on this card. Any fee hike and the card topples out of my wallet.

  16. Daraius, can Chase increase the annual fee for existing customers who have applied with the $95 fee, or people who do so between now and the fee increase? Or is the “contract” for a $95 fee and cannot be changed?

  17. If Chase increases the annual fee for the Chase Sapphire Preferred from $95 to whatever, you will will be billed the new amount when your credit card hits its anniversary date. You can either cancel the card or downgrade/convert your credit card to a Chase Sapphire or Chase Freedom Credit Card.

    Chase is allowed to change the annual fee because it is in the cardmember agreement (that 15-20 page pamphlet that they mail out every few months). If you do not read and respond to the new cardmember agreement, you are essentially agreeing to the new terms that Chase sets and will be charged whatever annual fee and other interest rates as specific in the cardmember agreement.

    I personally highly doubt Chase will increase the annual fee. Most of their other credit cards and business credit cards have a $95 or lower annual fee.

  18. my renewal just hit with a $125 annual fee. I chose to cancel the card.