Revamped Chase Sapphire Reserve Unveils 100K-Point Bonus, $500 Credit (Limited Time)
Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.
The Chase Sapphire Reserve® has unveiled a refreshed welcome offer, to pair with the card's recently announced changes to features and benefits.
The lucrative new offer can help offset the card's massive new $795 annual fee, which was among those sweeping changes.
Here's what you can expect if you apply.
The new welcome offer
New cardholders will be eligible for the following welcome offer: Earn 100,000 bonus points + $500 Chase Travel℠ promo credit after you spend $5,000 on purchases in the first 3 months from account opening.
That's a significant hike from the card’s previous offer of 60,000 bonus points after spending $5,000 on purchases in the first 3 months from account opening.
What to keep in mind
The latest welcome offer can certainly defray the card's initial cost and help pay for your next vacation, but keep in mind that point values for certain redemptions with the Chase Sapphire Reserve® are changing. Under the card's new "Points Boost" program, new cardholders will be able to redeem points at a value of 2 cents each on select flights and hotel stays booked through Chase. But on bookings that aren't eligible for Points Boost, the redemption value will be just 1 cent per point through Chase.
It's also worth noting that not everyone may qualify for the new welcome offer. Factors like how many Chase bonuses you’ve previously received and the number of cards open and closed will also be considered, according to Chase. If you’ve previously received a welcome bonus through Chase, you’ll be notified during the application process whether you’re eligible for this latest offer.
Also of note: While Chase used to feature a "one Sapphire rule," that policy is changing. If you already have the Reserve's less expensive sibling — the Chase Sapphire Preferred® Card — it won't necessarily prevent you from being eligible to receive the Chase Sapphire Reserve® bonus, assuming you’re approved for the card and can meet the requirements to earn it.
The newly announced Chase Sapphire Reserve for Business has also unveiled a rich welcome offer, although it requires a significantly higher spending requirement than the consumer version of the card. The business card is offering the following: Earn 200,000 points after spending $30,000 on purchases in the first six months of account opening. It, too, has an annual fee of $795.
The potential for long-term value
The Chase Sapphire Reserve® offers ongoing perks and rewards mostly in the categories of dining and travel, so it can remain valuable long after you've earned the welcome offer.
The card earns rewards in the following categories:
8 points per dollar on all travel booked through Chase.
4 points per dollar on flights or hotels booked directly.
3 points per dollar on dining.
1 point per dollar on all other purchases.
The card's lengthy list of perks and credits can also add up to several hundreds of dollars in additional value, but only if you can make the most of them. The card has adopted the “coupon book” model, which isn’t one-size-fits-most. Some benefits may not be a match for your lifestyle, budget or location.
Before getting this card, consider whether you can use the card's rewards and benefits fully to make up the cost of the $795 annual fee.
1.5%-5%
Cashback$200
1x-5x
Points75,000
Points
1%-5%
Cashback$200
Find the right credit card for you.
Whether you want to pay less interest or earn more rewards, the right card's out there. Just answer a few questions and we'll narrow the search for you.