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People are freaking out over the new $795 Chase Sapphire Reserve card. I never got one — and I'm finally vindicated
- The Chase Sapphire Reserve card, once popular among millennials, has undergone changes to fees and rewards structure, with the annual fee increasing to $795.
- Some individuals are considering canceling the card due to the updates, while Chase argues it will provide over $2,700 in annual value.
- The author, who missed out on acquiring the card when it was highly rewarding, now finds satisfaction in witnessing others' dismay over the changes.
- The card, known for its lucrative rewards and points bonuses, had garnered a legendary status, particularly during a period of abundant credit card perks.
- While the new benefits may appeal to some, such as increased points on Chase Travel purchases, they may not align with everyone's preferences.
- Some Reddit users express disappointment over the changes, highlighting concerns about the card's value proposition and specific perks offered.
- Chase emphasizes improved points earnings on flights and hotels but acknowledges the complexity of the card's points system.
- Individual cardholders are assessing whether the card remains worthwhile post-updates, considering factors like spending habits and desired perks.
- The author, who initially felt regret for not obtaining the Chase Sapphire Reserve, now feels relieved by not being affected by the current changes.
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