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Also remember that you WERE eligible for this even if you had or had had a Chase Sapphire Preferred® Card (but not if you’d had the Reserve).
When the Chase Sapphire Reserve® Credit Card relaunched in the middle of 2025, the bonus offer was Earn 100,000 points and a $500 Chase Travel℠ credit, after spending $5,000 in the first three months.
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From August 22, 2025 until this June 2026 promotion, the offer was Earn 125,000 bonus points after you spend $6,000 on purchases in the first 3 months from account opening. And before that relaunch last summer, we hadn’t seen higher than 100,000 points.
The June 2026 offer looked to me like a Best Ever Offer on this card.
This offer has now expired. See the current offer: Chase Sapphire Reserve® Credit Card.
Earn 150,000 bonus points after you spend $6,000 on purchases in the first 3 months from account opening.
We also had more clarity on the eligibility rules for this card, which were simple, despite excluding many.
If you had never had a Chase Sapphire Reserve® card, you were eligible for that bonus. Having or having had the Chase Sapphire Preferred® Card did not disqualify you for that offer.
So, if you’d never been tempted to apply for the Chase Sapphire Reserve® in the past but were intrigued by the refresh, they had 150,000 bonus points with your name on it to give it a try. I valued that at over $2,200 worth of Chase Ultimate Rewards® points using our valuation of 1.75 cents per point.
This is probably also a good time to remind you of the card bonus categories and the benefits since the refresh:
In this article
Chase Sapphire Reserve Earn Rates
- 8X points on all Chase Travel purchases, replacing 5x points on flights and 10x points on hotels and car rentals booked through Chase Travel
- 4X points on flights and hotels booked direct, replacing 3x points on all travel
- 3X points on dining
- 5X points on Lyft rides through 9/30/27
- 1X points on everything else
Chase Sapphire Reserve Benefits and Statement Credits
Complimentary access to Chase Sapphire Lounges by The Club and 1,300+ Priority Pass™ airport lounges worldwide with up to two guests.
IHG Platinum Status automatically through December 31, 2027. Activation is required by linking IHG One Rewards membership on Chase.com or the Chase mobile app.
- $500 annual The Edit credit – Chase Travel’s collection of over 1,100 hand-picked hotels and resorts (Bi-annual credits of $250; Jan-June and July-Dec)
- 2026 ONLY – $250 credit for select Chase Travel Hotels: Get up to $250 in statement credits through 12/31/26 on prepaid Chase Travel hotel bookings for stays with IHG Hotels & Resorts, Montage Hotels & Resorts, Pendry Hotels & Resorts, Omni Hotels & Resorts, Virgin Hotels, Minor Hotels, and Pan Pacific Hotels and Resorts. Two-night minimum required. Purchases that qualify will not earn points.
- $300 annual travel credit (unchanged)
- Up to a $120 Global Entry, TSA PreCheck®, or NEXUS fee credit every four years
- A new $300 annual dining credit and primetime reservations at Sapphire Reserve Exclusive Tables, available for booking on OpenTable. This is in the form of two bi-annual $150 statement credits (Jan-June and July–Dec) and will be automatically applied when you use your Sapphire Reserve to pay for a designated “Exclusive Table” on OpenTable.
- $250 annual value through complimentary subscriptions to Apple TV+ and Apple Music: Get complimentary Apple TV+ and Apple Music – a value of $250 annually. One-time activation is required (per service – need to activate Apple TV+ and Apple Music separately) on chase.com or on the Chase Mobile app.
- $300 annual StubHub / viagogo credit on concert and event tickets: Get up to $150 in statement credits from January through June and up to $150 in statement credits from July through December for a maximum of $300 annually for StubHub and viagogo purchases. Activation required.
- $120 in annual Lyft in-app credits, up to $10 monthly, plus 5x total points on eligible Lyft rides
- $300 annually in monthly DoorDash promos and complimentary DashPass membership worth $120 The $300 in annual credits is broken down as $5 a month towards a dining order and 2 X $10 a month for groceries, beauty, electronics, etc.
- Up to $120 in annual statement credits toward Peloton memberships. That’s $10 per month on eligible Peloton All-Access Membership, Rental, App+, Guide, App One and Strength+ memberships through 12/31/27. Activation required.
If You Spend $75,000 in a Calendar Year
Cardmembers can earn additional status and credits after spending $75,000 each calendar year:
- IHG One Rewards Diamond Elite Status good for the year earned and the following year.
- Southwest Airlines® A-List Status for the year earned and the following year and a $500 Southwest Airlines credit when booked through Chase Travel.
- $250 credit to The Shops at Chase, a new online shopping experience designed exclusively for cardmembers allowing them to shop for brands including Dyson, Sony, Therabody and Tumi, with rotating promotions.
Keep in mind that on the redemption side, you can transfer to the following airline and hotel transfer partners:
| Chase Ultimate Rewards Transfer Partners | Last Updated: June 2026 | |
|---|---|---|
| Transfer Ratio | Expected Transfer Time * | |
| Aer Lingus Avios | 1:1 | Instant |
| Air Canada Aeroplan | 1:1 | Instant |
| Air France Flying Blue | 1:1 | Instant |
| British Airways Avios | 1:1 | Instant |
| Iberia Avios | 1:1 | Instant |
| JetBlue | 1:1 | Instant |
| Singapore Airlines KrisFlyer | 1:1 | ~ 1 - 2 days |
| Southwest Airlines | 1:1 | Instant |
| United MileagePlus | 1:1 | Instant (usually - some have reported delays) |
| Virgin Atlantic Flying Club | 1:1 | Instant |
| Hyatt | 1:1 (Must have Sapphire Reserve® or Sapphire Reserve for Business℠ otherwise 4:3) | Instant |
| Marriott Bonvoy | 1:1 | ~ 1-2 days |
| IHG Rewards Club | 1:1 | ~ 24 hours |
| Wyndham Rewards | 1:1 | Within 1 day |
Otherwise, in addition to less lucrative non-travel redemptions, you can redeem via Chase Travel at up to 2 cents per point using Points Boost. (In fact, last week we saw a limited redemption opportunity for specific select hotels with a 2.5 cent per point value.
However, if you aren’t redeeming for Points Boost redemptions, you will only get 1 cent per point via the portal. Points Boost is available on whatever flights or hotels Chase applies Points Boost to at any particular time (rotating) including hotels in The Edit portfolio.
See the current Chase Sapphire Reserve® Credit Card offer and terms
Thoughts?
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You can find credit cards that best match your spending habits and bonus categories at Your Best Credit Cards.
New to all of this? My “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available on Amazon and at major booksellers.
