Chase Sapphire Reserve® Increases Welcome Offer to 150,000 Bonus Points

The Chase Sapphire Reserve® is now offering its highest publicly available welcome bonus in recent memory: earn 150,000 bonus points after spending $6,000 on purchases in the first 3 months from account opening.

That’s a 25,000-point increase over the previous offer and represents a significant incentive for travelers considering one of the market’s most premium travel cards.

What the Bonus Is Worth

Chase Ultimate Rewards points are widely considered among the most flexible and valuable in the rewards space. The 150,000-point bonus can be redeemed through Chase Travel℠ for flights, hotels, and more — or transferred to a long list of airline and hotel partners including World of Hyatt, United MileagePlus, and Air Canada Aeroplan. Depending on how you redeem, that bonus could be worth anywhere from $1,500 to well over $3,000.

Know the Eligibility Rules Before You Apply

This is where many applicants get tripped up. Chase overhauled its Sapphire welcome bonus eligibility rules in June 2025, replacing the old 48-month waiting period with something more restrictive: a once-per-lifetime bonus limit per card product.
Under the old rules, you could earn a Sapphire welcome bonus once every four years. Under the new rules, if you’ve ever received a welcome bonus on the Chase Sapphire Reserve, you cannot earn it again, period. The same applies to the Chase Sapphire Preferred® Card. This mirrors how American Express has long handled its own lifetime bonus restrictions.

A few other key points to know:

• Current Sapphire cardholders who have already earned a welcome bonus are generally not eligible for a bonus on another personal Sapphire card while they remain a Sapphire customer. However, downgrading to a non-Sapphire card and then applying for a different Sapphire product (one you’ve never earned a bonus on) may open the door.
• Chase’s 5/24 rule still applies: if you’ve opened five or more credit cards across any issuer in the past 24 months, you’ll likely be denied.
• The Sapphire Reserve for Business℠ is treated separately and doesn’t affect eligibility for the personal Sapphire cards.
• Chase now offers a pop-up eligibility check during the application process that flags ineligibility before a hard credit inquiry is submitted — a useful tool to check your status with no credit score impact.

Why Choose the Sapphire Reserve?

Beyond the welcome offer, the Chase Sapphire Reserve carries a strong lineup of ongoing perks that justify its $795 annual fee for frequent travelers looking for premium benefits:

• $300 annual travel credit applied automatically to a wide range of travel purchases
• Up to $500 in annual credits for prepaid stays at The Edit℠ by Chase Travel, a curated collection of luxury hotels and resorts. You’ll get a statement credit of up to $250 for each prepaid booking with The Edit, up to $500 annually. Two-night minimum stay required (purchases that qualify will not earn points.)
• Up to $300 in annual dining credits via Sapphire Reserve Exclusive Tables, plus hard-to-get reservations at top restaurants. Get up to $150 in statement credits from January through June and again from July through December for a maximum of $300 annually when you dine at restaurants part of the Sapphire Exclusive Tables program on OpenTable
• Up to $300 in annual StubHub/viagogo credits for concerts and live events. Get up to $150 in statement credits from January through June and again from July through December for a maximum of $300 annually for StubHub and viagogo purchases through 12/31/27. Activation required
• Airport lounge access including Chase Sapphire Lounges, 1,300+ Priority Pass lounges worldwide, and select Air Canada Maple Leaf Lounges
• 8X points on Chase Travel purchases, 4x on flights and hotels booked direct, and 3x on dining
• Points Boost, which can make points worth more when redeeming for select flights and hotels through Chase Travel
• Complimentary Apple TV+ and Apple Music subscriptions through mid-2027
• Comprehensive travel protections, including primary car rental insurance and trip cancellation coverage
• Statement credit every four years toward Global Entry, TSA PreCheck® or Nexus membership application fees

Bottom Line

If you’ve never held the Chase Sapphire Reserve and can comfortably meet the $6,000 spending requirement in three months, this elevated 150,000-point offer is one of the more compelling entry points the card has seen. Just be aware: once you earn the bonus, that’s your one shot at it.