How long is the 150,000-point Chase Sapphire Reserve welcome bonus available?

Chase has not announced an end date for this offer. Public welcome bonuses at this level rarely last long, so apply sooner rather than later if the card fits your strategy. Offers can change without notice.

Can I hold the Chase Sapphire Reserve and Sapphire Preferred at the same time?

Yes. Chase recently removed the rule that blocked holding both Sapphire cards simultaneously. You can now keep both products, and a prior Sapphire Preferred bonus does not block you from earning the Sapphire Reserve bonus.

What is the best way to use 150,000 Ultimate Rewards points?

Transferring to airline and hotel partners typically delivers the highest value, often 3 to 10 cents per point. Premium-cabin international flights through Air Canada Aeroplan, Virgin Atlantic, or United, and luxury hotel stays through World of Hyatt, are top picks.

How does the Chase 5/24 rule affect the welcome bonus?

If you have opened five or more personal credit cards across all banks in the past 24 months, Chase will likely deny your application. Business cards generally do not count toward 5/24, so confirm your card history before applying.

Is the $795 annual fee worth it for occasional travelers?

Probably not. The fee makes sense if you can use the $300 travel credit, the dining and hotel credits, and the lounge access multiple times per year. Occasional travelers usually get more value from the Chase Sapphire Preferred at $95 per year.

Can I downgrade after the first year if the annual fee is too high?

Yes. After year one, you can downgrade to the Chase Sapphire Preferred or a no-annual-fee Chase card like the Freedom Unlimited or Freedom Flex. This preserves your account history and credit line while avoiding the $795 fee.

What happens if I previously had a Chase Sapphire Reserve?

If you earned a welcome bonus on the Sapphire Reserve in the past, you most likely cannot earn another one. Chase typically requires that you have never received a Sapphire Reserve bonus to qualify for the new offer.