 TITLE: Is the High Annual Fee on Your Rewards Credit Card Worth It? CONTENT: What Do Rewards Cards With an Annual Fee Offer?\n-----------------------------------------------\nRewards cards that have annual fees may charge anywhere from about $50 for entry-level rewards cards to over $500 for premium cards. Higher annual fees generally correspond with larger intro offers, more rewards and better benefits.\nWhat you may expect from the top rewards cards includes:\n*   More points or cash back on purchases\n*   Monthly or annual statement credits\n*   Free access to membership programs\n*   Status in loyalty programs\n*   Concierge services\n*   Higher limits and better coverage on insurance policies and purchase protections\n*   Extra perks on luxury travel\nMany premium cards also provide travel-related benefits by not charging foreign transaction fees, for instance, or by providing free access to airport lounges and loyalty status. However, credit card issuers can also respond to changing demand. As people scaled back their travel plans due to the coronavirus pandemic, several issuers let cardholders receive statement credits on purchases from non-travel categories, such as grocery stores, restaurants and gas stations.\nTake the temporary updates Chase made to the Chase Sapphire Reserve®, one of the most popular premium cards (and one that carries a $550 annual fee). In addition to broadening its statement credit criteria, several other changes were made to increase the value and benefit the card provides to cardholders who aren't currently able to travel. These included temporarily reduced renewal fees (either directly or through statement credits), additional bonus points on select purchases, and extra value when redeeming points to offset eligible recent grocery store, dining and home improvement store purchases. END