Since its debut in 2016, the Chase Sapphire Reserve® has become a significant contender in the travel rewards credit card market. Upon its release, the card provided new members with a welcome bonus of 100,000 points, an offer that hasn’t been repeated since.
The Sapphire Reserve remains highly popular among cardholders, providing exceptional value through perks like a $300 yearly travel credit, access to airport lounges, and the option to redeem points at a rate of up to 1.5 cents each when using Chase Travel℠.
For a short period, the Sapphire Reserve is presenting an increased welcome offer of 75,000 bonus points that is worth considering; however, this promotion concludes on June 13.
The usual bonus for this card is 60,000 points. We don’t anticipate the return of the initial 100,000-point bonus, and the most recent increased bonus of 80,000 points was seen in January 2023. Therefore, if you’ve been considering this card, now is the time to apply.
If you are looking for a lower annual fee, you can get the same bonus with the Chase Sapphire Preferred® Card.
Chase Sapphire Reserve ongoing enrollment incentive
Present welcome offer: Receive 75,000 bonus points by spending $4,000 on purchases within the initial three months of account opening. We estimate these points to be worth $1,538. This offer expires on June 13.
Points are redeemable through Chase Travel at a rate of 1.5 cents per point, or potentially at a higher value by transferring points to one of the 14 available transfer partners.
Annual fee: $550
Points earning structure: Accumulate 10 points for each dollar spent on hotel stays and car rentals booked via Chase Travel, 10 points for each dollar spent on Chase Dining transactions, and 3 points for each dollar spent on all other travel and dining expenditures.
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Reasons for our preference: Besides offering attractive earning rates, Chase interprets travel and dining in a comprehensive manner, allowing cardholders to earn bonus points on a variety of purchases including tolls, parking meters, bakeries, cafes, and fast food. The card also includes Priority Pass lounge membership, which provides access to over 1,300 lounges worldwide, as well as Chase’s exceptional lounges located in Austin, Boston, New York, and Washington, D.C., with additional locations planned for the future.
With excellent transfer partners like Air Canada Aeroplan, Air France-KLM Flying Blue, and British Airways Executive Club, you can redeem points for more than 1.5 cents per point, particularly when used for premium cabin bookings.
Guidelines and limitations for applications
While it’s thrilling to find a high-end travel credit card offering an increased bonus, remember to review the official rules and limitations before applying.
The product is not available to (i) current holders of any Sapphire credit card, or (ii) former holders of any Sapphire credit card who have received a new cardmember bonus in the past 48 months. If you are an existing Sapphire customer interested in this product, please contact the number on the back of your card to check if you qualify for a product change.
Bottom line
Both the Chase Sapphire Reserve and the Chase Sapphire Preferred are currently featuring enhanced welcome bonuses. The Sapphire Reserve stands out as a premier travel rewards credit card, providing generous earning rates, airport lounge privileges, and a $300 travel credit. If you have been considering this card, now would be an ideal time to apply.
To gain further insight into the card, check out our comprehensive review of the Sapphire Reserve. Additionally, see how it stacks up against the Sapphire Preferred.
Discover additional details: Chase Sapphire Reserve