I don't normally send emails on a Thursday, so something big must be happening.

Chase just confirmed that its best-ever public welcome offer on the Chase Sapphire Reserve® is ending soon. (Exact end date hasn’t been announced yet.)

There's a lot to unpack about this offer, but this might be the best deal on the card we'll see all year.

I even convinced my wife and my mom to apply.

Here's how the offer breaks down — and why it's worth a look before it's gone.

(Quick note: if you end up applying through my affiliate link, I'll earn a small commission that keeps this newsletter free. Thanks in advance.)

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Here's the offer: earn 150,000 Ultimate Rewards points after you spend $6,000 on purchases in the first three months from account opening.

That's a massive bonus — conservatively worth at least $3,000 toward travel.

You can redeem points directly through Chase Travel℠ (booking at The Edit by Chase Travel properties will unlock the most value, thanks to Points Boost).

Or you can transfer points to Chase's 14 airline and hotel partners and potentially squeeze out way more than $3,000 in value.

I routinely send my Chase points to United, Hyatt, and Air Canada and redeem them for well over 2 cents per point.

But even if you don't want to bother with transfers, redeeming directly at select The Edit hotels can net you up to $3,750 in value.

In my opinion, that's well worth the bonus on its own.

Chase recently changed the eligibility rules for the Sapphire family. Two big things happened:

So if you currently hold the Preferred and have never earned a bonus on the Reserve, you're eligible to earn this 150,000-point offer.

That's a big unlock for longtime Preferred holders.

In fact, my wife has been a long-time Preferred cardholder, and we just applied (and were approved!) for her to get a Reserve with this bonus.

I did the same with my mom, too.

The $795 annual fee looks steep until you factor in the credits.

While I’d love to maximize all these credits, using just a few can recoup the annual fee.

Here’s the rundown for 2026.

Beyond the credits, I’m a big fan of three Reserve perks.

First, you get access to every Chase Sapphire Lounge by The Club with up to two complimentary guests, plus a Priority Pass Select membership. Chase lounges are consistently some of the best you’ll find.

Second, big points multipliers on flights (4x) and hotels (4x) booked directly, and 3x points on dining worldwide. Just note that the points you earn on travel purchases don't actually start accruing until after the first $300 in travel spend each year.

Finally, the Reserve is one of the few cards that offers primary auto rental coverage, which saves me plenty on car rentals each year.

Trip delay reimbursement.

If your flight is canceled or delayed by six or more hours, the Reserve covers up to $500 per covered traveler for expenses, such as lodging, meals, and alternative transportation. (The Preferred has the same coverage, but the trigger is 12+ hours.)

It also covers your spouse, domestic partner, and kids under 26. And it works on both paid and award tickets, as long as you put the taxes and fees on your Sapphire card.

I had six successful claims last year alone. In my opinion, it's still one of the most overlooked perks in the credit card world.

$795 is a big number.

But if you're earning the 150,000-point welcome bonus and using even half the credits in year one, the math works out cleanly in your favor.

In my opinion, this is the strongest year-one value the Reserve has ever offered. With the offer ending soon, don't sleep on it.

Can I get this bonus if I already have a Sapphire Preferred?

Yes! Chase now lets you hold both Sapphire cards simultaneously. As long as you've never earned a welcome bonus on the Reserve, you're eligible.

What's the 5/24 rule, and does it apply here?

If you've opened five or more new credit cards across any issuer in the last 24 months, Chase will likely deny your application. This applies to nearly every Chase card, not just the Sapphire family.

Does being an authorized user on someone else's Sapphire Reserve affect my eligibility?

No. If your spouse or partner added you to their Reserve years ago, you're still eligible for this 150,000-point offer as a new primary cardholder.

Can I upgrade my Sapphire Preferred to the Reserve and earn the bonus?

No, to earn the 150,000 bonus points, you have to submit a brand-new Reserve application and meet the minimum spend.

Hit reply. I’m happy to answer!

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