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JPMorgan Chase Sapphire Reserve Fee Hike to $795 Boosts Trading Volume to 25th Rank
Generated by AI AgentAinvest Volume Radar
Wednesday, Jun 18, 2025 8:10 pm ET1min read
On June 18, 2025,
(JPM) saw a trading volume of $2.025 billion, ranking 25th in the day's stock market activity. The stock price increased by 1.66%.JPMorgan Chase & Co. has announced a significant increase in the annual fee for its popular Sapphire Reserve credit card, raising it from $550 to $795. This change is part of a broader enhancement of the card's benefits, including a new points redemption program called Points Boost, which offers exclusive value for Sapphire Reserve and Sapphire Reserve for Business cardholders. Additionally, the card now includes a $500 annual credit applicable to select hotels and resorts, as well as a fresh points redemption option specifically for travel. The authorized user fee has also been adjusted to $195. These enhancements are aimed at providing more value to cardholders, despite the higher annual fee.
JPMorgan Chase & Co. has also introduced a new version of the Sapphire Reserve card, which includes benefits valued at over $2,700. This upgrade is part of the company's strategy to maintain its competitive edge in the premium credit card market. The new card features a 45% increase in the annual fee, reflecting the enhanced benefits and perks offered to cardholders. The changes are set to take effect on June 23, 2025, and are expected to attract high-spending consumers who value premium travel and lifestyle benefits.
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