Get $100 Off Your Eligible Chase Credit Card’s Annual Fee
While the coronavirus is in no hurry to calm down, people continue to look for any means to reduce costs so that not be left without means of subsistence. If you are an owner of the Chase Sapphire Reserve credit card, there is some good news for you that you may have missed.
As part of the COVID-19 customer support program, Chase offers a $100 statement credit toward the annual fee for its mentioned above card’s eligible holders. The Sapphire Reserve is one of the Chase’s travel credit cards that comes with a $300 Annual Travel Credit, 3X Points on travel and dining worldwide, extra 50,000 bonus points after spending $4,000 on purchases in the first 3 months, Global Entry or TSA Pre✓® Fee Credit, Complimentary Airport Lounge Access, and other rewards and perks.
It is not surprising that, given all the benefits included, the card implies a rather high annual fee. Back in 2019, it amounted to $450, and at the beginning of 2020, with the appearance of new bonuses, was increased to $550. The offered statement credit will help cover a part of the card’s annual fee – the exact amount that was added to it this year.
This issuer’s concession seems pretty good. However, it has one important note. Only those Sapphire Reserve cardholders whose cards have a renewal date between April 1 and July 1, 2020 can qualify. According to notifications sent to customers by the bank, the $100 statement credit will apply to the $550 annual fee automatically on an upcoming billing statement. So there is no need to take any action.
Remember that this is a one-time offer to help people cope with financial hardships due to the pandemic. The annual fee will be charged in full in 2021.
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