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The Points Guy believes that credit cards can transform lives, helping you leverage everyday spending for cash back or travel experiences that might otherwise be out of reach. That's why we publish a variety of editorial content and card comparisons: to help you find a great card to turn your goals into reality.
Our site may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened with our partners, and this may impact how or where these products appear. While we don't cover all available credit cards, our editorial team creates and maintains all of the analysis of these cards, and our content is not influenced nor subject to review by any credit card company, bank or partner prior to (or after) publication. Please view our advertising policy and product review methodology for more information.
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The best-ever Chase Sapphire Reserve bonus is disappearing soon
Matt Moffitt is a contributing editor and expert in getting the most out of credit cards and points (he carries at least 25 cards in his wallet at any given time). Originally from Sydney, Australia, he won the Green Card Lottery and lived in Austin, Texas for 10 years before relocating to Spain in 2025.
Giselle M. Gomez is a senior editor at The Points Guy, where she leads the credit cards vertical and helps readers make smarter, more strategic decisions about the cards in their wallets.
also contributed to this story
June 1, 2026 • 8 min read
The cards we feature here are from partners who compensate us when you are approved through our site, and this may impact how or where these products appear. We don't cover all available credit cards, but our analysis, reviews, and opinions are entirely from our editorial team. Terms apply to the offers listed on this page. Please view our advertising policy and product review methodology for more information.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.
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Quick summary
A premium travel card is currently offering its highest-ever publicly available bonus, but the offer is ending soon.
Applicants can earn a substantial points bonus after meeting a $6,000 spending requirement within three months.
These points are highly flexible, with redemptions possible through travel portals or by transferring to airline and hotel partners for potentially greater value.
The card also includes valuable travel credits, lounge access and strong travel protections.
What to consider
Eligibility is restricted by rules limiting recent card openings and prior receipt of a similar bonus.
You must meet a $6,000 spending threshold in three months to qualify for the bonus.
Points are valued at 2.05 cents each as of June 2026 per TPG's valuations, but actual value depends on how you redeem them.
What you'll miss from the article
Detailed examples of high-value redemptions and guidance on maximizing the bonus through transfer partners or travel bookings.
Generated by AI with support from our editorial team.
Update: Some offers mentioned below are no longer available. View the current offers here.
The Chase Sapphire Reserve® (see rates and fees) is currently offering its highest-ever bonus — but this limited-time offer will not be around much longer.
New applicants can earn 150,000 bonus points after spending $6,000 on purchases in the first three months from account opening. That’s a major increase from previous offers and ranks the card highly against its premium card competitors.
But Chase has said this offer is ending soon, so if you've been considering applying for the Sapphire Reserve, now may be the best time to do it before this elevated offer disappears.
How good is this 150,000-point Chase welcome offer?
This is the best publicly available offer we’ve ever seen on the Sapphire Reserve — and elevated offers at this level typically don’t stick around for long.
The most recent previous offer was for 125,000 points with the same $6,000 minimum spending requirement (no longer available). Before that, offers were typically much lower.
There was also a very targeted offer of up to 175,000 points in late 2025 (no longer available), but there's no indication it will return.
That makes the current offer especially compelling: You’re getting an extra 25,000 points for the exact same spending requirement as the previously available 125,000-point offer.
If you use Chase Ultimate Rewards points to book things like flights and hotels via Chase Travel℠, you can get a value of up to 2.5 cents per point thanks to Points Boost. That means your 150,000-point bonus would be worth up to $3,750.
Ultimate Rewards points can also be transferred to 14 airline and hotel partners at a 1:1 ratio, which is often the most valuable way to redeem your points. If you maximize transfer partners, it’s entirely possible to get far more than $3,000 in travel value from this bonus alone.
Here are a few real-world examples:
Transfer program(s)
Redemption details
Points required (plus taxes and fees)
Cash price
Value per point
Virgin Atlantic Flying Club
Scandinavian Airlines premium economy for four passengers from New York's John F. Kennedy International Airport (JFK) to Copenhagen Airport (CPH)
150,000 (plus $22)
$14,862
9.9 cents
Air Canada Aeroplan
Swiss business class for two passengers from Miami International Airport (MIA) to Zurich Airport (ZRH)
140,000 (plus $115)
$13,503
9.6 cents
World of Hyatt
A beach villa for three nights at the Park Hyatt Maldives Hadahaa (at the lowest rate on the new award chart)
75,000
$2,973
4 cents
United Airlines
United premium economy for two passengers from Chicago's O'Hare International Airport (ORD) to Tokyo's Haneda Airport (HND)
This is the best publicly available offer we’ve seen on the Sapphire Reserve, which makes now the best time to apply.
While a targeted offer of up to 175,000 points existed in the past (no longer available), there’s no indication it will return.
Meanwhile, public offers at this level don’t come around often, and, when they do, they don’t always last long.
Instead of trying to time a better deal, your decision should come down to whether the card fits your lifestyle.
ERIC ROSEN/THE POINTS GUY
Before applying, ask yourself:
Can I comfortably meet the $6,000 spending requirement in three months?
Will I get enough value from the card’s perks to justify the $795 annual fee?
Do I plan to use Ultimate Rewards points effectively (through transfer partners or the Chase Travel portal)?
If the answer to the above questions is yes, this is a strong opportunity to earn a large stash of valuable points.
Bottom line
The 150,000-point bonus on the Chase Sapphire Reserve is the best publicly available offer we’ve seen on the card. Based on TPG’s valuations, the bonus alone is worth more than $3,000 before factoring in the card’s premium perks.
If you’ve been waiting for the right time to apply for the Sapphire Reserve, this may be it. Bonuses this large on premium Chase cards are rare, and with no official end date announced, the current 150,000-point offer could disappear at any time.
Apply here: Earn 150,000 bonus points with the Chase Sapphire Reserve.
Comments
By commenting, you agree to our Community Guidelines to help create a positive space for conversation. The responses below are not provided or commissioned by the bank advertiser, our partners, or The Points Guy (“TPG”). They have not been reviewed, approved, or otherwise endorsed by any of these parties. All responses are submitted by individual contributors, and neither the bank advertiser, our partners, nor TPG are responsible for ensuring that all posts and/or questions are answered.
