NEW YORK—Consumers with a high annual fee card, such as the Chase Sapphire Reserve, may be in luck, thanks to the coronavirus.
Chase is providing a $100 statement credit, right at the time the Sapphire Reserve’s new $550 annual fee has been going into effect at the start of this month for existing cardholders.
“It will be interesting to see if other luxury travel cards, such as The Platinum Card from American Express, which has a $550 annual fee, will offer a similar credit, CNBC said.