Chase is adding a couple of interesting partnerships with DashPass and Lyft. This is no surprise, especially Amex partnering with GrubHub/Seamless and Uber. But these are added with an additional cost. Yes, there are benefits added along with $100 increase in Annual Fee for Sapphire Reserve. Chase Sapphire Preferred Annual Fee is still the same, making it the top Travel Card. New applications of Chase Reserve will be charged $550 Annual Fee. If you are in the market looking to get the Reserve, now is the time to apply for Reserve. Existing Chase Reserve cardmembers will see this new Annual Fee starting April 1st 2020.

This announcement comes with a mix of new benefits and some disappointment for Reserve cardholders. There is also now a Triple dip earning potential for Lyft users.

Chase Cards with DashPass Membership

Chase adds certain credit cardholder’s free Doordash delivery. DashPass offers free delivery and lower service fees from hundreds of restaurants on orders of $12 or more. This service typically costs $9.99 a month, but you can receive up to 2 years free with an eligible Chase card. The free membership varies by card. This benefit can save an average of between $4 and $5 per order.

To activate the DashPass benefit, add your eligible Chase credit card as the default payments in the DoorDash app or online by December 31, 2021. You can use our referral link and get $15 credits.

If you get 2 year Dashpass, it is active till Dec 31st 2021. So, it’s better you activate now to enjoy almost full 2 years. Simply add the card in DoorDash and the offer pops up automatically to activate it.

Eligible Chase credit cards include:

Chase Sapphire Reserve gets up to 2 years
Chase Sapphire Preferred gets up to 2 years
Chase Freedom gets 3 months
Chase Freedom Unlimited gets up to 3 months
Chase Freedom Student
Chase Slate

Chase Reserve cardholders get a $120 credit on DoorDash for the next 2 years along with the Free membership. So, it’s $60 in 2020 and another $60 in 2021. We are not sure what happens after that.

Chase Reserve Free Lyft Pink Membership

Chase Sapphire Reserve Cardholders are getting Free Lyft Pink Membership for one year. This offer is becoming active on 1/12/20.

If you don’t have Lyft account, you can sign-up now and get $5 credit.

Starting Jan 12th, Lyft transactions will be earning at 10X and all other cards like Sapphire Preferred, Ink and Freedom will earn 5X until March 2021 . This is going to be huge for Lyft users, but again disappointing for others. If you combine these two benefits, it’s like you already get 15% discount using Lyft Pink and an additional 10x which is worth 15% at least. So it’s a great benefit for a Lyft user using it a few times a year.

It’s not just this, you can now Triple dip with Delta SkyMiles and Hilton Honors.

What does Lyft Pink Membership offer?

Explore The Perks Of Lyft Pink (regularly 19.99/month):

15% off unlimited car rides
Save on every car ride you take — any time, anywhere.

Priority airport pickups
Get picked up faster at the airport when it’s busy.

Relaxed cancellations
We’ll cover three cancel fees per month if you rebook within 15 minutes.

Surprise offers
Get seasonal discounts and exclusive savings.

Waived lost and found fees
We’ll take care of the return fee every time.

Bikes and scooters
Enjoy 3 free 30-min. bike or scooter rides per month (in select markets).

Chase Reserve Annual Fee increasing from Jan 12, 2020

– Annual fee increased to $550 for new users from January 12th, 2020

– Annual fee will increase to $550 for existing users from April 1st, 2020

Conclusion

It’s clear from these new benefits, they are following the Amex path. If you are in the market looking for a good travel card, then Chase Sapphire Preferred is the best. Their 60,000 bonus points, 2x travel, and dining along with the newly added DoorDash benefits makes the top travel card. If DoorDash credits and Lyft membership are part of your purchases, then it should benefit more than the additional $100 Annual Fee. Now, there is going to be lots of debate to choose between Amex Platinum and Chase Reserve if you own both. If the credits have been offered on Lyft, it would have been a clear win despite the increase in Annual Fee.

Check out what can you do with the Ultimate Rewards and how much you can redeem for the 60,000 points.