After months EstimateNow we know what is the change in the handicap for a long time Chase Neelam Reserve® will look like. By June 23, the card is Getting a complete overhaulComplete with a group of new statement credits, some changes in earnings and redemption rates and, unfortunately, significantly more annual fees.
Whenever a issuer declares such a major change, we almost always see the response to the knee shock from unhappy current card holders: “This is, I am canceling my card, immediately!”
However, jump on such a grain decision. Even if you are unhappy with the sapphire reserve changes, there are some compelling reasons to sit tight.
here’s why.
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Chase sapphire annual fee hike is not immediate
For the beginning, your card Annual fee Will not change immediately. Credit Card Accountable Responsibility and 2009 Closure Act requires at least 45 days notice to the issuers to the issuers before making a significant change in the existing product, including a change in fees.
As a result, you are not suddenly responsible for more out-of-packet costs than payment in your previous renewal. In fact, some customers may be able to enjoy another year at the current fee.
If your renewal date is before 26 October, then you should see a $ 550 annual fee post in your account, according to the following statement we met a chase representative:
The annual fee of the cardamumbers will be adjusted on the date of the anniversary after 26 October, 2025.
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For example, if your anniversary date is 15 September every year, you will hit your renewal before that date. If you feel that the current price proposal on the card is still worth $ 550, there is no reason to cancel now.
(It is worth noting that the Neelam Reserve was first launched in August 2016, so the original applicants who received the card in the first few weeks – and still this is – fall into this category.)
But even though your annual fee is not in the next few months, but there is another reason to wait.
Most new benefits begin from 26 October
As we have included in our announcement post, the current card holders will immediately get access to redemption that promotes new points by 23 June. The remaining new benefits will be kicked in 26 October. On 26 October. As long as your annual fee is not right around the time, you will have a window to test new benefits before it is hit with high ($ 795) annual fee.
Suppose your annual fee will not hit your account till May 1 of next year. You will still have access to new benefits as October 26, but you will not start paying for them by next May. This gives you a ton of time to see if you can actually use statement credit.
For example, you will soon be able to earn up to $ 500 per year in statement credit for prepaid booking. Edit By Chase Travel,, a curated collection of luxury hotels (needs to stay two-night minimum). It is broken in Biannual Credit: $ 250 from January to June and another $ 250 from July to December. This means that you can book a worthy two-night stay after 26 October but before the end of the year. Then, you can book another qualified stay in the first half of 2026.
When your annual fee is about to come, you can crunch the numbers and see if you have unlocked the sufficient price to justify high cost. If not, you can cancel (or downgrade) at that time. If you cancel or downgrade your card, you will completely miss new benefits.
Finally, it is worth noting that the chase usually will not return you for the annual fee of your card until you cancel it within 30 days of posting it. Therefore, do not think that if you cancel or downgrade your Neelmani Reserve Partway through your membership year, you will be able to get a predetermined refund.
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Ground level
Chase sapphire reserve A significant change has been taking place by 23 June, although the current cardamumbers will not get access to most of those benefits by 26 October. This is still when you start looking at the increased annual fee.
Given this, there is no reason to cancel your card or downgrade today, no matter how upset you are with changes.
Our advice is simple: wait until high annual fee posts – whether it is in a few months or some time next year. You may be able to enjoy a few months or even close to one year of new benefits without high costs. Then, and only then, you should decide what to keep, cancellation or downgrade a low-fee product.
