Fellow CSR 🐠, did anyone else receive an annual membership adjustment fee of $-100?
What is this?

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https://www.doctorofcredit.com/chase-sending-100-statement-credit-to-sapphire-reserve-cardholders-to-partially-offset-annual-fee-ymmv/

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Thank you! 🙏🏼 looks like I won’t get this lol

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Yes! I got that too. Really appreciate the gesture from Chase

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I haven’t seen anything on my statement/activity. I wonder if it’s related to reduced use of the travel benefits

“As of now, they are only crediting those whose annual fees are due between April 1 and July 1”, says DOC.

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They increased the annual fee from 450 to 550. Realized that people won’t use the card due to Covid and wanted to give it back to retain customers. I cancelled anyway. Can’t justify the fee considering I can’t use the card on travel or restaurants for the next 3 months. I already used my 300 credit this year, so no point in spending 450.

I was going to demote to CSP, but wanted the bonus and due to the 48 month rule, I still have to wait 2 years. So in 2022, I will cancel CSR, get CSP and their 50k bonus

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5.12%club
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