New offer: Earn 60,000 bonus points with the Chase Sapphire Reserve

Jun 14, 2022

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For many years, the Chase Sapphire Reserve has been a favorite of award travelers, even after the amazing introductory bonus of 100,000 points went away.

But now, the card is back with a new, elevated offer — just in time for those planning trips this summer and into the fall.

New applicants for the Sapphire Reserve will earn 60,000 Chase Ultimate Rewards points after you spend $4,000 on purchases in the first three months from account opening. This bonus is worth $1,200 based on TPG’s valuations, thanks to the variety of ways to make the most of your Chase points — especially with its lucrative transfer partners like World of Hyatt and United Airlines MileagePlus.

However, even if you use those points for travel purchases directly through the Chase portal, you’ll still get $900 in value.

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Apply now: Chase Sapphire Reserve with a 60,000-point bonus.

The Sapphire Reserve also has solid earning rates across popular spending categories as well:

  • 10 points per dollar on hotels and car rentals booked through Chase Ultimate Rewards.
  • 10 points per dollar on dining purchased through Chase Dining.
  • 10 points per dollar on Lyft rides (through March 2025).
  • 5 points per dollar on flights booked through Chase Ultimate Rewards.
  • 3 points per dollar spent on travel and dining worldwide.
  • 1 point per dollar on all other purchases.

Even with the card’s $550 annual fee (which took effect for all cardholders in 2021), there is an array of benefits that can easily cover that out-of-pocket cost.

The most valuable (and easiest to use) is a $300 annual travel credit, which is automatically applied to virtually any travel-related expense — from Ubers to parking to airfare. You can also enjoy a statement credit for a Global Entry or TSA PreCheck application fee every four years along with Priority Pass lounge access — including select airport restaurants.

Priority Pass access with the Sapphire Reserve can get you complimentary food at select U.S. airports. (Photo by Benji Stawski/The Points Guy)

In addition, the card comes with many travel protections for when things go wrong — which may be particularly valuable ahead of what’s shaping up to be a very busy summer. When you use your card for travel purchases, you’ll enjoy coverage like trip delay protection, trip cancellation/interruption insurance, primary car rental coverage and much more.

Related: How I used Chase’s trip cancellation coverage to recoup $800 in nonrefundable airfare

It’s worth noting that many of these perks also apply to the Chase Sapphire Preferred Card — albeit to a lesser extent in some cases. In addition, the Sapphire Preferred offers an identical sign-up bonus (60,000 points after spending $4,000 in three months) but also comes with some unique benefits of its own, like a $50 annual hotel credit for reservations through the Chase travel portal and a 10% points bonus on your anniversary, all for a much-lower $95 annual fee.

Bear in mind too that Chase imposes a 48-month waiting period between earning sign-up bonuses on all Sapphire cards, and you can only hold one at a time. As a result, if you’re currently a Sapphire Preferred cardholder or received a bonus on the card in the last four years, you won’t be eligible for this new offer.

And don’t forget Chase’s notorious 5/24 rule, which does apply to the Sapphire Reserve. If you’ve opened five (or more) personal credit cards across all issuers in the last 24 months, it’s a near certainty that your application will be rejected.

However, if you are eligible for the Chase Sapphire Reserve and are hoping to enjoy premium-level perks on an upcoming trip, now could be a great time to add the card to your wallet thanks to the elevated 60,000-point bonus that has just launched.

Official application link: Chase Sapphire Reserve with 60,000 bonus points after you spend $4,000 on purchases in the first three months.

Featured photo by Eric Helgas/The Points Guy.

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