Chase has officially increased the welcome offer on the Sapphire Reserve card to 60,000 Ultimate Rewards when spending $4,000 in the first three months. If you already have at least one Chase account, you can do even better as there’s a 70,000 Ultimate Rewards welcome offer available when logging in.
The Offer & Key Card Details
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Quick Thoughts
The halcyon days of a 100,000 Ultimate Rewards welcome offer are just a faded memory, but these latest increased offers are still an improvement on the 50,000 bonus from recent months.
The official offer is 60,000 Ultimate Rewards when spending $4,000 in the first three months which is still a good return. Provided you already have at least one Chase account though, you can do even better by logging in to your account as you’ll then have access to an even higher bonus of 70,000 Ultimate Rewards.
Something important to note is that the main link on our Best Offers page directs you to the 60,000 Ultimate Rewards offer. That’s not because it’s the one paying affiliate commission, but because we always link to the best publicly available offer. The fact that the 70,000 offer is only available by logging in means that not everyone will be able to access it due to not having any Chase accounts, so we’ve included that as an alternate offer link beneath the 60,000 offer. Needless to say, if you’re planning on applying for this card and have a Chase account, you should use the link for 70,000 Ultimate Rewards rather than using our affiliate link for a lower bonus.
It’s also important to bear in mind that the Chase Sapphire Reserve card is subject to Chase’s 5/24 rule.
| Chase's 5/24 Rule: With most Chase credit cards, Chase will not approve your application if you have opened 5 or more cards with any bank in the past 24 months. To determine your 5/24 status, see: 3 Easy Ways to Count Your 5/24 Status. The easiest option is to track all of your cards for free with Travel Freely. |
Earning a bonus of at least 60,000 Ultimate Rewards can be put to very good value. That could’ve gotten you a one way business class ticket to Australia, New Zealand and more recently, while transfers to Hyatt can get you as many as 17 free nights in a category 1 property now that off-peak nights cost only 3,500 points per night. Finding that much off-peak availability would be unlikely, but it could also get you a couple of nights at a category 7 property at standard pricing. If you get approved for the 70,000 bonus offer, that could get you two nights at a category 7 property at peak pricing or a category 8 property at off-peak pricing. You can also find links to some Ultimate Rewards sweet spots here.
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Any chance at this card if I current have a Chase Sapphire Preferred card?
If you downgrade the Sapphire Preferred to a Chase Freedom Flex or Unlimited, you’d then be able to get a Sapphire Reserve.
Is it frowned upon by chase to apply for the reserve now. Pay my $550 annual fee. Get the 70k UR SUB. Double dip the $300 travel credit Between this year and next. Then before year 2 annual fee posts I downgrade to a preferred or a freedom?
I don’t think you’re allowed to downgrade before the year’s up.
If you complete mdd of CSP/CSR, do both cards count against 5/24?