Chase Sapphire Reserve’s 100K bonus: Best-ever offer now live

Editor’s note: This is a recurring post, regularly updated with new information and offers.

The [applyLink pid=”221211836″ overridetext=”Chase Sapphire Reserve®”] (see [termsConditions pid=”221211836″ overridetext=”rates and fees”]) is rolling out the card’s best-ever welcome bonus alongside a major refresh.

The current offer features a 100,000-point bonus, plus a $500 Chase Travel℠ credit after spending $5,000 on purchases within the first three months from account opening.

Chase Ultimate Rewards points are one of the most valuable rewards currencies on the market, and TPG’s June 2025 valuations peg them at 2.05 cents per point.

The card recently saw an increase to its annual fee — now $795 — but its long list of premium benefits still make this card a top option in the premium travel category.

Here’s what to know about the Sapphire Reserve’s current offer and perks.

Limited-time offer: Earn 100,000 bonus points plus a $500 Chase Travel℠ credit with the Chase Sapphire Reserve®. Apply now!

Chase Sapphire Reserve current offer

As previously mentioned, for a limited time, [applyLink pid=”221211836″ overridetext=”Chase Sapphire Reserve”] applicants can earn 100,000 bonus points plus a $500 Chase Travel promo credit after spending $5,000 on purchases within the first three months from account opening.

Per our June 2025 valuations, this bonus is worth up to $2,550; that’s a $2,050 value from the 100,000 points combined with the $500 Chase Travel credit.

How does this compare to past offers?

If you’ve been eyeing a premium travel credit card, now is the time to apply. The Sapphire Reserve — Chase’s premium travel rewards card — hasn’t offered a 100,000-point welcome offer since its launch nearly 10 years ago in 2016, and this current offer is the best-ever for this card, thanks to that generous $500 Chase Travel credit.

Application rules and restrictions

If you have been eyeing the Sapphire Reserve, but have previously refrained from applying because you hold another card in the Sapphire family, such as the [applyLink pid=”22125056″ overridetext=”Chase Sapphire Preferred® Card”] (see [termsConditions pid=”22125056″ overridetext=”rates and fees”]), we have good news: Chase now allows cardholders to hold both Sapphire products at the same time.

It’s important to note, however, that Chase has updated its terms on welcome offer eligibility. Before, you were able to earn a Sapphire welcome bonus every 48 months. Now, Chase has implemented new restrictions.

A Chase representative confirmed to TPG that, “Beginning June 23, 2025, you will be able to have both the Sapphire Reserve and Sapphire Preferred cards. New account bonus offer eligibility for either card will be based on factors including previously earned bonus offers and the number of cards opened and closed, among others.”

Even if it’s been years since you received a welcome bonus on a particular Sapphire card, you almost certainly will not be eligible to earn another bonus on that same Sapphire card. Additionally, you may not be eligible for a Sapphire Reserve bonus if you’re a current Sapphire Preferred cardholder.

This is a new restriction on bonus-earning within the Sapphire family, so keep this in mind before applying.

The new Chase Sapphire Reserve for Business℠ (see rates and fees) is not included in this rule, so you could earn the bonus on the business card and still receive a bonus on the personal Sapphire Reserve or Sapphire Preferred.

Related: Why I’ll never cancel my Chase Sapphire Reserve

Why you should apply for the Chase Sapphire Reserve

In addition to its valuable welcome bonus, the [applyLink pid=”221211836″ overridetext=”Chase Sapphire Reserve”] has other benefits that make it an excellent premium option to keep in your wallet for the long term.

This card is particularly ideal for frequent travelers, Chase Sapphire lounge enthusiasts and those who would find value in the card’s list of new statement credits and perks. Let’s break it down.

Earning rate highlights include:

• 10 points per dollar spent on eligible Peloton equipment and accessory purchases through Dec. 31, 2027
• 8 points per dollar spent on all Chase Travel purchases
• 5 points per dollar spent on Lyft purchases through Sept. 30, 2027
• 4 points per dollar spent on flights booked direct
• 4 points per dollar spent on hotels booked direct
• 3 points per dollar spent on worldwide dining purchases
• 1 point per dollar spent on everything else

Plus, the card’s multiple statement credits help make up for its $795 annual fee. These include:

• $500 in annual statement credits for bookings made with The Edit, Chase’s luxury hotel booking platform
• $300 in statement credits for travel purchases each account anniversary year (this credit is flexible and applies to all travel purchases automatically, up to $300)
• $300 annual dining credit and primetime reservations at Sapphire Reserve Exclusive Tables (which can be booked through OpenTable)
• $300 in annual statement credits for concert and event tickets purchased with StubHub
• $300 annually in monthly DoorDash promos
• $250 in annual statement credits for Apple TV+ and Apple Music subscriptions
• $120 in statement credits for Global Entry, TSA PreCheck or Nexus every four years
• $120 annual statement credit toward a complimentary DoorDash DashPass membership
• $120 annual statement credit toward a complimentary Peloton membership

Cardholders also receive access for themselves and up to two guests to Chase Sapphire lounges as well as a Priority Pass Select membership.

Authorized users can also receive lounge access for themselves and up to two guests. The authorized user fee on the Sapphire Reserve is $195.

You’ll also receive complimentary mid-tier IHG One Rewards Platinum Elite status with the card.

If you spend $75,000 or more on the card in a calendar year, you’ll also unlock:

• Top-tier IHG One Rewards Diamond Elite status
• Southwest Airlines A-List status
• $500 Southwest Airlines credit when booked through Chase Travel
• $250 credit to The Shops at Chase, Chase’s new online shopping experience

Bottom line

If you’ve been eyeing a premium travel rewards credit card, now’s the time to apply for the [applyLink pid=”221211836″ overridetext=”Chase Sapphire Reserve”]. It features a killer welcome bonus of 100,000 Ultimate Rewards points plus a $500 Chase Travel credit. It also features an eye-watering $795 annual fee, but if you can maximize the credits it comes with, you’ll come out ahead.

This card offers several valuable benefits for travelers to leverage and provides access to a growing number of top-tier airport lounges. Before applying, consider your traveling style and how the new statement credits factor into your spending strategy. If the card seems like a good option for you, don’t hesitate to add this premium travel card to your wallet.

To learn more, read our full review of the Sapphire Reserve. 

Apply here: [applyLink pid=”221211836″ overridetext=”Chase Sapphire Reserve”]

Related: Forgettable statement credits checklist: Perks and benefits not to be overlooked