08:59 AM EDT, 06/17/2025 (MT Newswires) -- JPMorgan Chase ( JPM ) said Tuesday that the annual fee on its Sapphire Reserve credit card will increase to $795 from $550.

Chase also announced new benefits when the updated card launches on June 23, including an annual credit of $500 at its "The Edit" collection of hotels and resorts.

An existing travel credit of $300 will also continue, according to Chase.