Earn 125,000 bonus points with the current offer on the Chase Sapphire Reserve
Editor's Note
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.
Chase Ultimate Rewards points are one of the most valuable rewards currencies on the market; TPG's August 2025 valuations place them at 2.05 cents per point.
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.
Chase Sapphire Reserve current offer
New Sapphire Reserve applicants can earn 125,000 bonus points after spending $6,000 on purchases within the first three months of account opening.
Per our August 2025 valuations, this bonus is worth up to $2,563.
A haul of 125,000 Chase points can unlock incredible trips, especially when you transfer these points to one of Chase's 14 loyalty program partners. You could fly in business class to Madrid on Iberia, book a round-trip business-class flight to Tokyo on All Nippon Airways 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?
In terms of points offering, this is the highest bonus we've seen in the card's history. The Sapphire Reserve — Chase's premium travel rewards card, now offers 50,000 more points in its welcome offer than that of the $95-annual-fee Chase Sapphire Preferred® Card (see rates and fees), though the Sapphire Preferred has a slightly lower spending requirement of $5,000 in the first three months.
Application rules and restrictions
If you had been eyeing the Sapphire Reserve, but have previously refrained from applying because you hold another card in the Sapphire family, such as the Sapphire Preferred, we have good news: Chase 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 could 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 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 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 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 (up to $250 biannually) 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) and primetime reservations at Sapphire Reserve Exclusive Tables (which can be booked through OpenTable)
- $300 in annual statement credits(up to $150 biannually) for concert and event tickets purchased with StubHub (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 following date)
- $250 in annual statement credits for Apple TV+ and Apple Music subscriptions (through June 22, 2027; one-time activation per service required)
- 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.
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
Bottom line
If you've been eyeing a premium travel rewards card, now's the time to apply for the Chase Sapphire Reserve. It features a killer welcome bonus of 125,000 bonus points, which can be redeemed for various types of trips.
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: Chase Sapphire Reserve
TPG featured card
Rewards
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Intro offer
Annual Fee
Recommended Credit
Why We Chose It
There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits.Pros
- 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
- 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
- Packed with credits foodies will enjoy
- Solid welcome bonus
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.
Rewards Rate
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Intro Offer
You may be eligible for as high as 100,000 Membership Rewards® Points after spending $6,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer.As High As 100,000 points. Find Out Your Offer.Annual Fee
$325Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.Excellent to Good
Why We Chose It
There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits.Pros
- 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
- 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
- Packed with credits foodies will enjoy
- Solid welcome bonus
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.