diff --git a/charts/redis/Chart.yaml b/charts/redis/Chart.yaml
index 6e1b15ad48af5be7d8fb20974948b36f7233d331..b584bd9f638d00485d7713968614e73d48ed283b 100644
--- a/charts/redis/Chart.yaml
+++ b/charts/redis/Chart.yaml
@@ -8,7 +8,7 @@ maintainers:
   - name: groundhog2k
 
 # This is the chart version
-version: 0.5.4
+version: 0.5.5
 
 # This is the version number of the application being deployed.
-appVersion: "7.0.3"
+appVersion: "7.0.4"
diff --git a/charts/redis/README.md b/charts/redis/README.md
index e83cc71be0a4f7fced8937ed0d9417d36d1e31cd..b366eb853c25dea24d36a9562b57a5f9c9eb9a90 100644
--- a/charts/redis/README.md
+++ b/charts/redis/README.md
@@ -1,6 +1,6 @@
 # Redis
 
-![Version: 0.5.4](https://img.shields.io/badge/Version-0.5.4-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 7.0.3](https://img.shields.io/badge/AppVersion-7.0.3-informational?style=flat-square)
+![Version: 0.5.5](https://img.shields.io/badge/Version-0.5.5-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 7.0.4](https://img.shields.io/badge/AppVersion-7.0.4-informational?style=flat-square)
 
 ## Changelog
 
diff --git a/charts/redis/RELEASENOTES.md b/charts/redis/RELEASENOTES.md
index 990eec2e5fd94bf04554e02f57a10216c680a9b3..308d7f51245e444caf696d3efcbde54b6e507f88 100644
--- a/charts/redis/RELEASENOTES.md
+++ b/charts/redis/RELEASENOTES.md
@@ -10,4 +10,5 @@
 | 0.5.2 | 7.0.2 | Upgraded to Redis 7.0.2 |
 | 0.5.3 | 7.0.2 | Added headless service for redis and sentinel port |
 | 0.5.4 | 7.0.3 | Upgraded to Redis 7.0.3 |
+| 0.5.5 | 7.0.4 | Upgraded to Redis 7.0.4 |
 | | | |