A new era for premium travel rewards just landed: the Chase Sapphire Reserve is now offering a jaw-dropping 150,000 Ultimate Rewards points as a welcome bonus. This all-time high offer, worth $3,075 by our valuation, is available for a limited time and is the richest sign-up bonus we've ever seen on this flagship card.
Our Take
Good news for serious travelers and points maximizers. This 150K Sapphire Reserve offer is a unicorn—by far the highest we've tracked, and a game-changer for anyone looking to book luxury travel on points. If you've been waiting for the right moment to grab this card, this is it: the value is simply unmatched.
What Changed
- Welcome bonus: 100,000 → 150,000 Ultimate Rewards points after meeting minimum spend
- Bonus value: ~$2,050 → ~$3,075 (by our 2.05¢/point valuation)
- Effective: June 22, 2026 (limited-time offer)
- Minimum spend: $6,000 in 3 months (unchanged)
Who Benefits Most
- Luxury travelers planning premium flights: 150,000 UR points transfer to partners like Air Canada Aeroplan or Singapore KrisFlyer, easily booking $3,000+ in business class tickets.
- Chase ecosystem fans: Pairing with Chase Sapphire Preferred or Chase Ink Business Preferred lets you pool points for even more value.
- Big spenders: If you can hit the $6,000 spend in 3 months, you’re essentially earning a 51% return on spend from the bonus alone ($3,075/$6,000).
- Frequent hotel guests: Transfer points to Hyatt for up to 10 nights at top-tier properties (Hyatt points valued at 1.65¢ each).
Who Should Be Cautious
- Recent Sapphire cardholders: If you’ve received a Sapphire bonus in the last 48 months, you’re not eligible.
- Low spenders: If $6,000 in 3 months is a stretch, you risk missing out on the bonus.
- Annual fee-averse users: The $550 annual fee is steep—if you won’t use the travel perks, this card may not be worth it.
What To Do Right Now
- Check your 48-month Sapphire status: If you haven’t received a Sapphire bonus in the last 4 years, you’re eligible.
- Plan your spending: Make sure you can hit $6,000 in 3 months without overspending.
- Apply soon: This is a limited-time offer—historically, these record bonuses don’t last long.
- Review your travel goals: Map out how you’ll use 150,000 points—airline transfers, Hyatt stays, or cash out at 1.5¢/point through Chase Travel.
