JPMorgan Chase unveils new Sapphire Reserve card perks and $795 annual fee

JPMorgan Chase unveils new Sapphire Reserve card perks and 5 annual fee

Key Points

JPMorgan Chase is betting that a long list of new perks will keep affluent Americans hooked on its Sapphire Reserve card, despite a hefty bump in its annual fee.
The bank on Tuesday unveiled an update to its premium credit card, which will now carry a $795 annual fee.
The bank is touting a new redemption program that doubles the value of points used for select travel offers and a new $500 annual credit at its collection of hotels and resorts, alongside other new benefits.

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