<ul data-eligibleForWebStory="false">Chase Sapphire Reserve® card is undergoing changes including an increase in annual fee to $795.Cardholders must spend $75,000 yearly to unlock specialized perks like Diamond Elite status at IHG Hotels & Resorts.The announcement targets high-earning individuals with the average annual income of those with the card revealed as $107,499.Some cardholders may find the rewards trivial and restrictive for the required spend.