Advertiser disclosure
Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information about any information on any advertiser product, please visit their website. We receive compensation from some financial institutions listed on this site. Although we are compensated for each approved financial product through our website’s affiliate links, our research and content are based on an objective analysis. †Terms and conditions apply.
The Chase Sapphire Reserve® just rolled out its highest public welcome bonus ever. New cardholders can now earn 100,000 Ultimate Rewards points after spending $6,000 on purchases in the first three months. This Chase Sapphire Reserve welcome bonus is a 25,000-point jump from the previous 125,000-point offer for the same spending requirement, and it sits among the most valuable premium card offers we’ve tracked.
Below, we break down what these points are worth, how to qualify, and whether the card’s $795 annual fee still makes sense after Chase’s recent refresh. For broader context, see our roundup of the best credit cards in the U.S. and our full Chase Sapphire Reserve®: Premium Travel Rewards & Perks Explained review.
The current public offer on the Chase Sapphire Reserve gives new cardholders 100,000 bonus Ultimate Rewards points after $6,000 in purchases in the first three months from account opening. Industry valuations from April 2026 peg the points alone at roughly $2,050, before factoring in any of the card’s ongoing perks.
This replaces an earlier 125,000-point offer, and before that, the card typically hovered between 60,000 and 100,000 points. A late-2025 targeted offer of 175,000 points appeared briefly but is no longer available, and there’s no signal it will return. For now, 100,000 points is the strongest publicly available Chase Sapphire Reserve welcome bonus on record.
The value of 100,000 Ultimate Rewards points depends entirely on how you use them. Here are the main paths:
Transfer partners almost always deliver the highest value. Chase points move 1:1 to 14 airline and hotel programs, including United MileagePlus, World of Hyatt, Air Canada Aeroplan, British Airways Club, and Virgin Atlantic Flying Club. For a complete list of options, see our guide to Chase Ultimate Rewards: All 14 Airline and Hotel Transfer Partners Explained.
Chase enforces specific eligibility rules on the Sapphire family. Before applying, confirm that you meet all of the following:
Chase typically excludes business cards from your 5/24 count. Authorized user accounts on someone else’s Sapphire card also do not affect your eligibility. If you’re unsure where you stand, our guide on What Is the Chase 5/24 Rule? Everything You Need to Know walks through how to count your accounts. During the application, Chase usually tells you whether you qualify for the bonus before pulling your credit, so there’s little downside to checking.
Chase recently overhauled the Sapphire Reserve, raising the annual fee from $550 to $795 and reshaping the credits and earning structure. The card now leans heavily into statement credits and travel perks designed to offset that higher cost.
Stack these together and the credits exceed $1,500 in potential annual value. The catch: most are tied to specific merchants or platforms, so they only work if you’d already spend in those categories. Furthermore, with no foreign transaction fees, the card pairs well with international trips. For a wider comparison, see our guide on Avoid Extra Fees Abroad: Best No-FX-Fee Credit Cards Reviewed.
Authorized users get the same lounge access for themselves and two guests, though the authorized user fee is $195. Notably, Chase has no minimum spend requirement for complimentary guest access, unlike American Express and Capital One.
Spend $75,000 in a calendar year and you unlock additional perks. These rewards target frequent travelers and small-business owners who funnel large expenses through the card.
The card isn’t a fit for every wallet. Here’s where the Sapphire Reserve falls short:
To get the most out of this Chase Sapphire Reserve welcome bonus, plan ahead before you apply.
The 100,000-point Chase Sapphire Reserve welcome bonus is the strongest public offer in the card’s history. Based on industry valuations, the bonus is worth more than $2,000, and savvy award bookings through transfer partners can push that figure well past $5,000 in real travel value.
This card fits frequent travelers who can absorb the $6,000 spending requirement, use the lounge access, and tap multiple statement credits each year. If you rarely fly, dine out, or book hotels, the Chase Sapphire Preferred remains a smarter pick at $95 per year. For a broader comparison, browse our best travel credit cards guide.
You can change your preferences or opt out at any time by clicking on one of the hyperlinks available at the bottom of each newsletter.
If you are already a subscriber and would like to unsubscribe, you can click on the link at the bottom of any of our e-mails.
