Chase Reserve annual fee going up to $550, DoorDash and Lyft benefits added

The Chase Sapphire Reserve is one of the best premium credit cards on the market.  It comes with a $450 annual fee, but is easily offset by the annual $300 travel credit, $100 Global Entry credit, and Priority Pass Select membership.  As of January 12, 2020, the annual fee for new applicants will increase by $100 to $550.  For existing card members, the increased $550 annual fee will be charged for renewals after April 1, 2020.  Chase will be adding free DoorDash membership for 2 years and Lyft Pink status to all Chase Reserve card holders.



DoorDash membership

If you check your Chase Reserve account now, you should already see DoorDash membership as a free benefit for 2 years.  DoorDash normally costs $9.99 a month and comes with free food delivery on orders over $12.  DoorDash membership also has lower service fees, saving members on average $4-$5 per order.  This benefit is also going to be added to Chase Sapphire Preferred members.  Chase Freedom and Slate card holders will get it for free for 3 months only.


In addition to DoorDash membership, Chase Reserve card holders will be getting $60 DoorDash credit for 2020 and 2021.


Lyft Pink

Chase Reserve card holders will now be give Lyft Pink membership, which Lyft just recently launched.  Lyft Pink, which normally costs $19.99 a month, includes the following benefits:

  • 15% off unlimited car rides
  • Priority airport pickups
  • Relaxed cancellations. Three waived cancel fees per month if you rebook within 15 minutes.
  • Surprise offers. Get seasonal discounts and exclusive savings.
  • Waived lost and found fees.
  • Bikes and scooters. Enjoy 3 free 30-min. bike or scooter rides per month (in select markets).


Bottom line

It's never good to see an annual fee increase, especially on a card that already requires you to shell out $450 annually.  The DoorDash and Lyft Pink memberships do mitigate the increases, though the value of the two new benefits would definitely depend on your usage.  DoorDash is definitely for those who fancy restaurant food delivery, and Lyft Pink is useful if you actually use Lyft and their bikes and scooters.  What do you make of the changes coming to Chase Reserve card?



Comments

Post a Comment

Popular posts from this blog

Citi temporarily adds American Airlines as a mileage transfer partner!

Image
In a surprise move, Citi has added American Airlines as a transfer partner for their ThankYou Points (TYP) earning credit cards.  What's especially intriguing is that even no annual fee cards that normally don't offer transfers to loyalty programs are eligible for this new and temporary partnership, albeit at a lower transfer ratio.  Citi's premium line of cards, including the Prestige and the Premier, both have 1:1 transfer capability with AAdvantage miles (1,000 TYP = 1,000 AAdvantage miles).  Whereas no annual fee cards, including the ThankYou Preferred and the Rewards+, get a 2:1 transfer ratio (1,000 TYP = 500 AAdvantage miles).  This transfer partnership is valid from July 18 through November 13, though one could speculate that it could be extended. American Airlines AAdvantage program was the only loyalty program out of the three U.S. legacy carriers that didn't have a 1:1 transfer partner with any credit card accounts.  Delta has long been a transfer partner wit
Read more

Park Hyatt Sydney review

Image
For our trip to Australia's east coast, we started off with a 4-night stay in Sydney.  We decided to stay at the Park Hyatt Sydney as it has been consistently rated as one of the best Hyatt luxury properties worldwide.  The hotel, located in the heart of Sydney Harbor at the Rocks, is famous for its stunning views of the Opera House and Harbour Bridge. Price As a category 8 hotel, the Park Hyatt Sydney is Hyatt's most expensive award category ranging from 35k-45k points per night.  Fortunately, since we were traveling during Australia's "slower" winter season, we were able to get off-peak rates of 35k for most of our nights in a standard 1 King Bed room. Seeing how the hotel's standard rooms were over $700 a night during our stay, this was a pretty good redemption value at well over 2 cents per point.  This hotel is also known for releasing tons of free night award space, even during peak travel times.  This is atypical for many Hyatt top-tier hotels such as t
Read more

Spend $10 on small businesses on Amazon, get $10 credit

Image
With the annual upcoming Amazon Prime Day scheduled for June 21 and 22, Amazon is running a promo where you get $10 credit to spend on Prime Day if you spend $10+ at a small business on Amazon. The deal From June 7 through June 20, spend $10 or more at a participating small business on Amazon.  Amazon will then send you an e-mail with an activation link for your $10 credit.  The $10 promotional credit is value during Prime Day only on June 21 and 22. Link to the promo Amazon has many small business sellers, and you're very likely to find something $10+ fitting for your needs.  There are a good variety of keto, low-carb foods for sale , as well as all-natural sunscreens for your outdoor activities.  Terms & Conditions Prime members: Purchase $10 of select small business products between June 7, 2021 and June 20, 2021 and earn a $10 credit to use on Prime Day. Exclusions apply. You’ll get $10 to spend on Amazon for Prime Day, starting June 21, 2021 at 12:00am (PT) and ending on
Read more