What's up guys welcome back to the channel today's video is going to be about the chase. Sapphire reserve card chase has actually given uh people a hundred dollars back towards their annual fee. Due to this whole cobia 19 situation. Let's get right into this video.

This is really important. All right guys, so, as you know, chase did change their annual feel in the chase fire reserve from 450 to 550. Recently within the last uh, i would say six months, don't know they did an exact date within the last six months. They did sell um now, because you know because this whole covid uh pandemic is a really serious situation and people are, you know, losing jobs, and you know getting really tight on finances.

They understand the annual fees and you know losing card members during this time. They're already losing a lot of money, um losing card members is going to be even worse. You know, especially, you know the higher tier card members, who don't mind paying a high annual fee for great benefits now the highest car that chase has for the general public is the sapphire reserve, which is an amazing travel, cart um. If you guys don't know, the annual fee is 550.

they're, actually giving you a hundred dollar statement. Credit um if you're an existing uh, cardone member um and you plan you have the card within a your renewal date has been a certain time frame, so um. Here's the renewal date pretty much if you've had if your renewal dates anywhere between april uh, first up until july, 1st of 2020. So if you know after your first year, let's say you applied in april 2019 um if it's april, 4th 2020 you're good and let's say it's july: you got the card in july 2019 and your renewal date's coming up in july july.

1St, preferably has to be july 1st, it can be july. 2Nd can be july. 25Th has to be july, 1st, that's the cutoff date. If it's within that time frame, you will get a 100 statement credit back.

What do you have to do to do that? For your annual fee, you don't have to do anything you may want to call chase just to make sure you qualify, but chase actually did confirm this. This is not a rumor um. The only thing is, it does not apply to an account that had the card. Last year, in april, or last year may or june and closed out the account okay, so obviously it's only for existing card members you still have to have.

The account has to be in great standing, i'm sure i can be delinquent or in collections or default, or anything like that has to be in great standing and you will just automatically get the credit back but again just check with chase um. The last video i did for you guys amex was given um an extra three months to meet the minimum. Spend and chase is now for um, that was for americans, especially for new car members, and now chase is aiming towards the existing car members. So i like what the banks are doing.

I know that they really understand that you know maintaining customers during this time is important, and especially those high tier value, customers and all that good stuff. So nowhere yet on the other annual feed credit cards like the chase, sapphire preferred, but definitely for the chase. Five reserve 100 they're, giving it back 100. So if you guys, like this video make sure you like share and subscribe chase, did an awesome job with doing this.

It's a nice gesture that they didn't have to do, especially for just increasing the sign-up bonus for those extra benefits. They are giving you those extra benefits for a lower price for this one year. All right so guys make sure you like share and subscribe to this video i'll, see you in another one take care.