Link: Apply now for the Chase Sapphire Reserve® Card
Several weeks ago, a massive limited time welcome bonus was rolled out on the Chase Sapphire Reserve® Card, which is one of the most lucrative premium credit cards out there. This is the best publicly available bonus we’ve seen since the card’s launch offer around six years ago.
This is a reminder that this offer is expected to be pulled at 6PM EST on Wednesday, November 30, 2022. If you’ve been considering this card and haven’t yet applied, now would be the time to do so, as the clock is ticking.
Chase Sapphire Reserve offering 80,000 points
The Chase Sapphire Reserve Card has a welcome offer of 80,000 Ultimate Rewards points after spending $4,000 within the first three months. As a point of comparison, previously the card offered a bonus of 60,000 points, and prior to that the card offered a bonus of 50,000 points.
Ultimate Rewards points earned with the card can be redeemed for a minimum of 1.5 cents each toward travel through the Chase Travel Portal, meaning 80,000 points will get you at least $1,200 in travel. However, personally I value Ultimate Rewards points at 1.7 cents each thanks to the other ways to redeem them, so to me this bonus is worth ~$1,360.
Who is eligible for the Chase Sapphire Reserve bonus?
You can be approved for the Chase Sapphire Reserve Card if:
- You don’t currently have a Chase Sapphire card (Reserve or Preferred)
- You haven’t received a new cardmember bonus on a Chase Sapphire card (Reserve or Preferred) in the past 48 months
Note that this is based on whether you’re the primary cardmember on one of these cards — if you’re currently an authorized user (or have been one in the past), you’d be eligible. Also keep in mind the general rules of applying for Chase cards, including the 5/24 rule. See this post for more details on eligibility requirements for Chase Sapphire cards.
Why the Chase Sapphire Reserve is worth it
The Chase Sapphire Reserve Card has a $550 annual fee. Even though that may seem like a lot, the reality is that the card is exceptionally well rounded, and shouldn’t really be “costing” anyone nearly that much. The card offers the following perks, among other things:
- The Sapphire Reserve has a $300 annual travel credit, which can be applied toward virtually any travel purchase; the way I view this, that lowers the real out of pocket of this card to ~$250 per year
- The Sapphire Reserve offers a Priority Pass membership, providing access to 1,300+ lounges around the world, including credits at Priority Pass restaurants
- The Sapphire Reserve has an amazing rewards structure — earn 10x points on hotels and rental cars booked through the Chase Travel Portal, 5x points on flights booked through the Chase Travel Portal, 3x points on dining and travel, and 1x points on all other purchases
- The Sapphire Reserve has great perks with Lyft — earn 10x points on Lyft rides through March 2025, and receive a two-year Lyft Pink All Access membership (which ordinarily retails for $199 per year) when you activate by December 2024
- The Sapphire Reserve has great travel protection, including for delayed flights, lost bags, rental cars, and more
- The Sapphire Reserve acts as a good “hub” card for Chase Ultimate Rewards, and lets you maximize the other cards in the portfolio
- The Sapphire Reserve offers flexible points that can be transferred to a Chase Ultimate Rewards airline or hotel partner, or can be redeemed at 1.5 cents each toward a travel purchase
Through November 30, 2022, the Chase Sapphire Reserve Card has a generous bonus of 80,000 Ultimate Rewards points upon completing minimum spending. If you’ve been considering this card but haven’t quite felt compelled to apply, this should hopefully be the push you needed. Ultimately this is a card you’ll want to get for the long term value that it offers, including a $300 annual travel credit, Priority Pass membership, valuable Lyft perks, and a lucrative rewards structure.
This is a great time to apply for the card — I can’t imagine we’ll see a better bonus anytime soon.
Will you be picking up the Chase Sapphire Reserve Card with 80K bonus points?