Link: Apply now for the Chase Sapphire Reserve® Card
A new bonus has just been rolled out on the Chase Sapphire Reserve® Card, which is one of the most lucrative premium credit cards out there.
In this post:
Chase Sapphire Reserve offering 60,000 points
The Chase Sapphire Reserve Card has a new welcome offer of 60,000 Ultimate Rewards points after spending $4,000 within the first three months. Previously the card offered a bonus of 50,000 points, so this bonus is 20% bigger than before.
Ultimate Rewards points earned with the card can be redeemed for a minimum of 1.5 cents each toward travel through the Chase Travel Portal, meaning 60,000 points will get you at least $900 in travel. However, personally I value Ultimate Rewards points at 1.7 cents each thanks to the other ways to redeem them, so to me this bonus is worth ~$1,020.
Who is eligible for the Chase Sapphire Reserve bonus?
You can be approved for the Chase Sapphire Reserve Card if:
- You don’t currently have a Chase Sapphire card (Reserve or Preferred)
- You haven’t received a new cardmember bonus on a Chase Sapphire card (Reserve or Preferred) in the past 48 months
Note that this is based on whether you’re the primary cardmember on one of these cards — if you’re currently an authorized user (or have been one in the past), you’d be eligible. Also keep in mind the general rules of applying for Chase cards, including the 5/24 rule. See this post for more details on eligibility requirements for Chase Sapphire cards.
Why the Chase Sapphire Reserve is worth it
The Chase Sapphire Reserve Card has a $550 annual fee. Even though that may seem like a lot, the reality is that the card is exceptionally well rounded, and shouldn’t really be “costing” anyone nearly that much. The card offers the following perks, among other things:
- The Sapphire Reserve has a $300 annual travel credit, which can be applied toward virtually any travel purchase; the way I view this, that lowers the real out of pocket of this card to ~$250 per year
- The Sapphire Reserve offers a Priority Pass membership, providing access to 1,300+ lounges around the world, including credits at Priority Pass restaurants
- The Sapphire Reserve has an amazing rewards structure — earn 10x points on hotels and rental cars booked through the Chase Travel Portal, 5x points on flights booked through the Chase Travel Portal, 3x points on dining and travel, and 1x points on all other purchases
- The Sapphire Reserve has great travel protection, including for delayed flights, lost bags, rental cars, and more
- The Sapphire Reserve acts as a good “hub” card for Chase Ultimate Rewards, and lets you maximize the other cards in the portfolio
- The Sapphire Reserve offers flexible points that can be transferred to a Chase Ultimate Rewards airline or hotel partner, or can be redeemed at 1.5 cents each toward a travel purchase
Read a full review of the Chase Sapphire Reserve here.
Bottom line
The Chase Sapphire Reserve Card has a new bonus of 60,000 Ultimate Rewards points upon completing minimum spending, which is 20% better than the previous bonus. Ultimately this is a card you’ll want to get for the long term value that it offers, including a $300 annual travel credit, Priority Pass membership, and a great rewards structure.
If you’ve been considering this card but were waiting for an improved bonus, this would be a great time to apply.
I think the Venture X is a better value card and has a better bonus right now. I loved my CSR and used it a ton for several years. The first 100K sign up bonus and all the perks made it a good value. Now the higher annual fee up ended that value. I closed it and was able to sign up for the CSP when it had a 100K bonus. The Venture X 2...
I think the Venture X is a better value card and has a better bonus right now. I loved my CSR and used it a ton for several years. The first 100K sign up bonus and all the perks made it a good value. Now the higher annual fee up ended that value. I closed it and was able to sign up for the CSP when it had a 100K bonus. The Venture X 2 points per dollar on all spending is hard to beat as an everyday card. With all these bonus’s saved up from the last few pandemic years I’m flying my family of four RT on Singapore Air business!
50k, 60k bonuses. is this a joke? when amex Plat just offered 125k this year
@Ben, So if I have the Preferred, I am not eligible for the Bonus on the Reserve? Is that a change from the past, I thought they were considered separate products?
Disregard, I read up now : )
Although back in the original sign-up bonus days of 100K on the Reserve, I do not remember it this way, but maybe I just wasn't paying attention, lol...