He Chase Sapphire Reserve® (see rates and fees) is the premium travel rewards card for Pursue ultimate rewards enthusiasts to win valuable points and enjoy first level card benefits.
Sapphire Reserve’s current bonus is off the charts: new cardholders earn 150,000 bonus points after spending $6,000 on purchases in the first three months of account opening. This is the The highest public offer we have ever seen. on the card and is worth $3,075, according to TPG May 2026 ratings.
With such a valuable offer, you won’t want to miss it. Here are 10 of the most frequently asked questions we’ve seen about Sapphire Reserve and its current 150,000 point bonus answered.
Can I earn the 150,000 point bonus if I previously had the Sapphire Reserve?
Unfortunately, if you have previously had the Sapphire ReserveYou are probably not eligible for this bonus now.
Chase says you may not be eligible for the bonus if you were already a cardholder. So even if you don’t at the moment If you have the Sapphire Reserve or did not get its bonus when you had it, you should not expect to be eligible to receive the bonus now.
Related: Am I eligible for the 150,000 Chase Sapphire Reserve point bonus?
Can current Sapphire Reserve cardholders qualify or receive this bonus?
If you are current Sapphire Reserve cardholder will not qualify for the current 150,000 point bonus.
It’s also worth noting that closing or changing your Sapphire Reserve product is unlikely to make you eligible, given Chase’s restrictions on lifetime Sapphire bonuses.
Related: Chase Sapphire Reserve Statement Credits: What They Are and How to Use Them
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Does being an authorized user on a Sapphire Reserve affect my eligibility for the bonus?
Be an authorized user on someone else’s site Sapphire Reserve It does not affect your ability to obtain your own card and earn the bonus.
As long as you have never been a Sapphire Reserve cardholder and meet other eligibility requirements, you should be eligible to receive the bonus.
Related: Six Ways Sapphire Reserve Cards Make International Travel Even Better
Who is eligible for the 150,000 point bonus and what are the key restrictions?
These are the general eligibility rules for the Sapphire Reserve:
- You currently cannot have a Sapphire Reserve card open.
- You may not be eligible if you previously received a Sapphire Reserve bonus.
- If you previously had a Sapphire Reserve, you may not be eligible for this offer, even if you did not earn a bonus on that Sapphire Reserve.
- If you’ve opened five or more new credit cards in the last 24 months, you’ll likely be declined for a new Chase card.
- Approval depends on your overall credit profile and your relationship with Chase.
- Since the Sapphire Reserve is a Visa Infinite card, you will need to be eligible for at least a minimum $10,000 line of credit.
Related: Chase’s 5/24 Rule: Everything You Need to Know
Can Sapphire Preferred cardholders upgrade to Sapphire Reserve and receive the bonus?
If you currently have the Chase Sapphire Preferred® Card (see rates and fees) and I have never had the Sapphire ReserveYou will likely be eligible for the Sapphire Reserve and its bonus, as long as you meet other eligibility requirements (being less than 5/24 and having an adequate credit score, as mentioned above).
Just remember that you will need to submit a new claim for Sapphire Reserve to receive your bonus. If you simply upgrade your Sapphire Preferred, you will not be eligible for the 150,000 point bonus.
Along these lines, remember that you can wear the Reserve Sapphire and the Preferred Sapphire at the same time.
Related: Do you prefer the Chase Sapphire? You are probably eligible for the Sapphire Reserve. This is how
Is this the best deal ever on Sapphire Reserve?
Yes. The current 150,000 point bonus is the highest publicly available offer we have ever seen in the Sapphire Reserve.
Sapphire Reserve’s previous public bond offered 125,000 points for the same $6,000 minimum spending requirement (offer no longer available). The card also once provided a highly targeted offer of up to 175,000 points by the end of 2025 (offer no longer available), but was not widely accessible.
So if you’re considering wide availability and redemption value, this 150,000 point offer is the highest bonus we’ve seen.
Related: Chase Sapphire Reserve Jumps to 150,000 Points: Is This the Best Deal Ever?
What is the real value of 150,000 Ultimate Rewards points?
TPG ratings consider Chase Ultimate Rewards points to be worth 2.05 cents each. When this valuation is considered, the 150,000 points of the Sapphire Reserve They are worth a whopping $3,075.
Of course, the actual value you get from the 150,000 point bonus depends on how you plan to redeem your rewards. If you take the Chase Travel℠ route to book flights or hotels with your points, you could earn up to 2 cents per point in value with Point increase. Even better, some hotels are eligible for up to 2.5 cents per point through points increase.
We typically recommend that you transfer your Ultimate Rewards points to one of 14 Chase points. airline and hotel transfer partners. Redeeming this way could earn you more than 2.05 cents per point, depending on your redemption.
Related: How to Redeem Chase Ultimate Rewards Points for Maximum Value
How do I max out 150,000 Ultimate Rewards points?
There are multiple ways to maximize the Sapphire ReserveThe bonus.
Here are some ideas:
Related: Boost Your Points: 8 of the Most Valuable Chase Points Boost Stockpiles
What is the best strategy to reach the minimum spend and earn the full bonus?
with the current Sapphire Reserve bonus, you will have to spend $6,000 on purchases in the first three months to earn 150,000 points.
There is many strategies you could use here, including:
- Buy everything with your new card (including rental and housing expenses that you can pay with a credit card)
- Advance payment of bills, such as insurance, utilities, and other regular expenses.
- Pay the bill when dining with a larger group
- Donate to charity
- Give a down payment on a new car
These are just a few methods you can use to get a new cardholder bonus. As always, make sure you have enough funds in your bank account to pay off your entire statement balance each month. Otherwise, interest and late fees could decrease the value of your rewards.
Related: Why I Time My Credit Card Applications Around Big, Predictable Annual Bills and Big Welcome Offers
In a nutshell
These are some of the most common questions we’ve seen about the best publicly available deal we’ve seen on Sapphire Reserve.
With a whopping 150,000 valuable Chase Ultimate Rewards points up for grabs, you want to make sure you’re eligible for this bonus if you want to apply. Also, remember that the card’s $795 annual fee is steep, but there are multiple perks that help offset it.
For more information, read our complete review of the Sapphire Reserve.
Apply here: Chase Sapphire Reserve
