Chase Sapphire Reserve’s fee jumped to $795 with a new credits bundle. If you’re not using all of it, here’s what your Ultimate Rewards points are worth and how to sell them.
For the complete picture — how the program earns, how to redeem, the sweet spots, and what a balance is actually worth — read the full Chase Ultimate Rewards guide.
On June 23, 2025, Chase overhauled the Sapphire Reserve — and the headline number is the annual fee, which jumped from $550 to $795. Authorized users went from $75 to $195 each. That fee is still in effect through 2026, and it makes Sapphire Reserve one of the more expensive general-purpose travel cards on the market.
Chase’s pitch for the increase is a new credits bundle it says is worth up to $3,000 a year:
On paper, if you use most of that bundle, the $795 fee nets out to a small fraction of its face value. In practice, that’s a lot of individual credits to track and actually redeem — a hotel collection you have to book through, a dining program with a specific restaurant list, a StubHub credit you only capture if you’re already buying tickets there. A meaningful number of cardholders end up using a fraction of the bundle and effectively paying full price for a card that used to cost $245 less.
Sapphire Reserve earns Chase Ultimate Rewards, the same points currency shared across the Sapphire Preferred, the Chase Ink business card lineup, and Chase Freedom cards. On the new fee structure, CSR earns at some of the strongest rates in the family: 8x on Chase Travel purchases, 4x on flights and hotels booked directly with the airline or hotel, and 3x on dining worldwide. If you’ve had the card since before or after the June 2025 relaunch and used it regularly, that adds up to a real Ultimate Rewards balance.
Ultimate Rewards points are generally strongest when transferred to one of Chase’s airline and hotel partners for a specific redemption, and weakest when redeemed for cash back or through the Chase travel portal at a flat rate. (Our Chase Ultimate Rewards guide breaks down the full transfer-partner list and what the points are worth on each redemption path.) If you don’t have a partner transfer and a specific trip already lined up, you’re likely looking at the lower end of that range — which is worth comparing directly against a cash offer instead of assuming the points are worth more than they’d actually redeem for.
The fee increase has pushed a lot of Sapphire Reserve holders to actually do the math on whether the card still pencils out for them. It’s worth doing the same exercise for the points sitting in the account:
this is the right quote path whether your points came from Sapphire Reserve, Sapphire Preferred, or a Chase Ink card. You can also get an instant quote here or message us on WhatsApp.
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$795 for the primary card, unchanged since the June 2025 increase from $550. Authorized users cost $195 each, up from $75.
Chase Ultimate Rewards — 8x on Chase Travel purchases, 4x on flights and hotels booked directly, and 3x on dining. It’s the same currency shared with Sapphire Preferred and Chase Ink business cards.
Yes — Ultimate Rewards points are quotable regardless of which Chase card earned them. Get a quote and we’ll walk you through verification and payout.
No. Selling your points is separate from your card account status — you can sell a balance whether you’re keeping the card, downgrading it, or closing it.
Cash For My Miles buys Chase Ultimate Rewards points directly from cardholders. You’re selling your own points — no fees taken from your payout. This article is general information, not financial advice; card terms, fees, and benefits can change at any time — confirm current details with Chase.
