<prompt> Human: I was looking up some older posts on here because I wanted to get my second credit card.My girlfriend and I use Airbnb a lot and liked to fly 4-6 times a year but now with my new job it will likely be twice a yearRIP unlimited vacations.I was considering the Chase Sapphire Reserve the perks were so appealing but then I saw this articleWhat do you guys think? Is it still worth it?Sorry I forgot its behind a pay wall, thank you u658741239 for pasting the article.---According to a leaked internal document, the company is eliminating price protection, limiting the number of guests cardholders can take to a Priority Pass airport lounge, and removing accelerated earning on travel purchases that go toward the annual 300 travel credit.The changes are set to take place August 26.Changes are coming later this year to the wildly popular Chase Sapphire Reserve credit card, cutting the value of some of its perks.Details started to trickle out online Friday from customers who had heard the company was planning reductions to three of the premium travel cards benefits.An internal document leaked over the weekend on the website Doctor of Creditdetailed the looming changes: Elimination of price protection on purchases. Previously, customers could get a refund of up to 500 per item up to 2,500 per year if the price dropped in the 90 days following the purchase. Limiting the number of guests a cardholder can bring to a Priority Pass lounge to two. Previously, the complimentary Priority Pass membership allowed cardholders to bring an unlimited number of guests to the more than 1,200 lounges in the program. Authorized users also get two guests, but any additional guests will cost 27 each. Eliminating accelerated earning on travel purchases that go toward the annual 300 travel credit. All travel and dining purchases had received three times the Ultimate Rewards points. This slight tweak means that only travel purchases above and beyond the 300 annual travel credit earn the points. Thats a reduction of 900 points, which is worth 13.50 when cashed in through the Chase Ultimate Rewards portal.A Chase spokesman confirmed the authenticity of the document, which says that customers will be notified this month and that the changes will go into effect August 26.We are always evaluating our products to offer the right mix of rewards, benefits, and experiences that provide the most value to our customers and those they tell us they value most, the company said in a statement to Business Insider.Check out the document below:JPMorgan ChaseWhy reduce the benefits?The Sapphire Reserves popularity has soared since it launched in 2016 with a package of outlandishly generous travel rewards.But its profitability has come into question, with some analysts estimating the card wont be profitable for several years.At its investor day earlier this year, JPMorgan said it lost 900 million last year from card headwinds, which it attributed to the Sapphire Reserve and other notable items, according to a company presentation.But JPMorgan also disclosed that the card had cleared a crucial hurdle, with 90 of Sapphire Reserve cardholders renewing and ponying up for the 450 annual fee. It said it expected headwinds to reverse this year.These Sapphire Reserve customers ... are not only profitable as a single product relationship, but they are an extremely attractive base into which we will deepen, CFO Marianne Lake said during the presentation. And we are seeing an impressive more than 90 renewal rate for these cards.Given the enthusiasm and positive messaging from Chase, why devalue the benefits?Its unclear what prompted the changes, or how much money Chase stands to save from them.Theyre not without industry precedent, however.Priority Pass lounges have become saturated with visitors since cards like the Sapphire Reserve as well as the American Express Platinum and the Citi Prestige granted complimentary access, according to a recent report from The Wall Street Journal.American Express and Citi do not offer unlimited Priority Pass guest access like the Sapphire Reserve, so the change is in keeping with competitors in the premium-credit-card space.Eliminating price protection could amount to considerable savings for Chase, given that customers could receive up to 2,500 in refunds out of Chases pocket annually. Again, its unclear how many people took advantage of this perk or how much it was costing Chase, but the change comes amid the emergence of apps like Earny and Sift that automatically track purchases and file refund claims on your behalf, streamlining and simplifying the process.Chase previously said it would eliminate price protection and return protection for its co-branded credit cards with United Airlines.Citi reduced its price-protection policy earlier this year but didnt eliminate it.  <response>: I think its unfortunate that theyre cutting the price protection... Its a pretty standard benefit, and one that I have unfortunately had to use multiple times in the last couple of years. I do tend to try to use Citi cards for cases where I am concerned about price protection, since their service is much more streamlined though. 