Chase Sapphire Reserve Refreshed as Chase Expands Card Portfolio

Chase has confirmed its highly anticipated Chase Sapphire Reserve refresh, set to launch this summer, alongside an all-new business version of the premium card. This confirmation follows months of rumors and speculation, with the card issuer teasing the update through a targeted marketing campaign in New York City and a preview of the new card design.

The updated Sapphire Reserve is expected to bring significant changes, possibly including an annual fee increase, along with new perks and benefits aimed at travel enthusiasts.

The launch of a business version of the card is poised to expand the offerings of the Sapphire family, addressing a gap in Chase’s premium business credit card portfolio. Full details, including the card’s official launch date and specific benefits, are expected in the coming weeks.

New Design and Features Expected

Chase has given a sneak peek of the redesigned Sapphire Reserve card, which sports a more premium look than its predecessor. While the exact features are not fully disclosed, the card is anticipated to offer enhancements in its benefits, such as more lucrative travel rewards, increased statement credits, and more.

However, the changes seem poised to align with current trends in the credit card market, where issuers regularly update their offerings to provide more value in exchange for higher fees.

For those who currently hold the Sapphire Reserve or are thinking of applying, it’s advisable to wait for the official announcement before making any decisions.

Expansion into the Business Card Market

In a strategic move, Chase is set to launch a business version of the Sapphire Reserve card. This marks a significant shift for the card issuer, which has yet to offer a premium business card within its Sapphire lineup. The new business card is expected to provide similar benefits as the personal version, likely including airport lounge access, valuable rewards categories, and enhanced travel-related perks.

While the precise details are still unclear, this move is seen as an effort to tap into the growing demand for high-end business credit cards. The business Sapphire Reserve card will likely integrate well with Chase’s existing Ink business cards, which already dominate the business credit card space.

Fee Hike and Perks: What to Expect

One of the most notable changes anticipated with the Sapphire Reserve refresh is a potential increase in the card’s annual fee. Currently, the Sapphire Reserve carries a $550 annual fee. However, as seen with other premium cards, such updates often coincide with higher fees and the addition of perks designed to offset the cost.

If Chase does raise the fee, it is expected that the new perks and benefits will make the fee increase justifiable for cardholders, particularly frequent travelers. Chase has historically balanced fee hikes with new rewards and credits, making it likely that the Sapphire Reserve will follow suit.

Business Version of Sapphire Reserve: What We Know

Chase has teased the upcoming business version of the Sapphire Reserve card through social media campaigns, including a post hinting at a more rewarding experience for “hard work” come summer 2025.

Although details are scarce, it’s believed that this card will share core features with its personal counterpart, with possible additions like travel credits, airport lounge access, and bonus categories.

The introduction of a business Sapphire Reserve is a logical step for Chase, given the increasing demand for premium business credit cards and the success of the bank’s Ink business cards. The new card will likely appeal to self-employed individuals and business owners seeking high-end rewards and benefits.

A Strong Addition to the Sapphire Portfolio

Chase’s plans to update the Sapphire Reserve card and introduce a business version are set to make a significant impact in the credit card market. Whether you’re a frequent traveler or a business owner, the refreshed Sapphire Reserve will likely offer valuable enhancements.

As a suggestion, the Chase Sapphire Reserve continues to stand out as one of the best premium travel cards available, with the potential for even more robust offerings in the near future.