The Chase Sapphire Reserve® (see rates and fees) is a popular premium rewards card with loads of perks to maximize. Plus, the card comes with a lucrative welcome bonus that allows cardholders to earn a large number of points upfront.
The Sapphire Reserve carries a high $795 annual fee, but its long list of premium benefits still makes it a top option in the premium travel category.
Here’s what to know about the Sapphire Reserve’s current offer and perks.
Related: 5 things to do once you get your Chase Sapphire Reserve
Chase Sapphire Reserve current offer
New cardholders can currently earn 125,000 bonus points after spending $6,000 on purchases in the first three months from account opening.
Per our January 2026 valuations, this bonus is worth $2,563. This is the highest public offer we’ve seen, making now a great time to apply.
THE POINTS GUY
A haul of 125,000 Chase points can unlock incredible trips, especially when you transfer these points to one of Chase’s 13 loyalty program partners.
You could fly in business class to Madrid on Iberia or stay up to six off-peak nights at the Hyatt Regency Maui Resort and Spa with this offer alone.
How does this compare to past offers?
This is the highest public offer we’ve seen, so if you’re looking to add this card to your wallet, now is a great time to apply.
Why you should apply for the Chase Sapphire Reserve
In addition to its valuable welcome bonus, the 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 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 over $150 (up to $5,000 spent; 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 and hotels booked direct
- 3 points per dollar spent on dining
- 1 point per dollar spent on everything else
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Plus, the card’s multiple statement credits help make up for its $795 annual fee. These include:
- $500 in annual statement credits (two up to $250 credits; can be used anytime throughout the year) for bookings of two nights or more 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 (up to $150 biannually) when you dine with restaurants included in the Sapphire Reserve Exclusive Tables program (which can be booked through OpenTable)
- $300 in annual statement credits (up to $150 biannually) for concert and event tickets purchased with StubHub and viagogo (activation required; through Dec. 31, 2027)
- $300 annually in monthly DoorDash promos, up $25 each month (through Dec. 31, 2027; you’ll also receive a complimentary DoorDash DashPass subscription through the same date; activation required)
- $288 in annual statement credits for Apple TV and Apple Music subscriptions (through June 22, 2027; one-time activation per service required)
- $250 statement credit for prepaid Chase Travel hotel bookings (for eligible bookings of two nights or more; one-time use only; through Dec. 31)
- Up to $120 in statement credits for Global Entry, TSA PreCheck or Nexus every four years
- $120 annual statement credit toward a complimentary Peloton membership, disbursed as $10 monthly credits (through Dec. 31, 2027)
Cardholders also receive access to Chase Sapphire lounges for themselves and up to two guests on top of 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.
CLINT HENDERSON/THE POINTS GUY
The card also comes with complimentary mid-tier IHG One Rewards Platinum Elite status (through Dec. 31, 2027).
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
Application rules and restrictions
If you’ve been eyeing Sapphire Reserve, but also hold another personal card in the Sapphire family, such as the Chase Sapphire Preferred® Card (see rates and fees), we have good news: Chase allows cardholders to hold both Sapphire products at the same time.
However, if you are considering holding both cards, you’ll want to be aware of Chase’s welcome offer eligibility, which limits the number of times you can earn a welcome offer.
Per Chase’s rules, if you have earned the welcome offer on a card before, you likely cannot earn a welcome offer again with the same card. You can, however, earn welcome offers on more than one Sapphire card.
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For example, if you hold the Sapphire Preferred, and previously earned its welcome bonus, you can still earn the welcome offer on the Sapphire Reserve, as long as you’ve never earned a Sapphire Reserve bonus before.
This is a key restriction on bonus-earning within the Sapphire family, so keep it in mind before applying.
Related: Why I’ll never cancel my Chase Sapphire Reserve
Bottom line
If you’ve been eyeing a premium travel rewards card, now’s a great time to apply for the Sapphire Reserve. It features a superb welcome bonus of up to 125,000 bonus points, which is the highest public offer we’ve seen.
The card also features an eye-watering $795 annual fee, but if you can maximize the credits it comes with, you’ll come out ahead.
It 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.
To learn more, read our full review of the Sapphire Reserve.
Apply here: Chase Sapphire Reserve
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
