Update 11/28: This increased bonus on the Sapphire Reserve is due to end at 6pm Eastern on 11/30/22. If you want it, now’s the time.
The Chase Sapphire Reserve card is now featuring an increased welcome bonus of 80,000 Ultimate Rewards points after spending $4,000 on purchases in the first 3 months. This matches the second-best public bonus we’ve ever seen on the card (and is the best we’ve seen in years).
The Offer & Key Card Details
|Card Offer and Details|
While this bonus isn’t quite as strong as those we’ve repeatedly seen on Amex’s more premium cards over the past couple of years, the Sapphire Reserve card has long been a very popular card in this space for a number of reasons. The card features a very easy-to-use $300 annual travel credit, best-in-class travel protections and the chance to redeem points toward travel at a value of 1.5c per point. Particularly for those who spend a great deal on travel, this card can be an excellent value.
On the other hand, it isn’t a fit for everyone. I’ve personally questioned the card’s place in my wallet many times before and have settled on keeping it mostly to be able to write about the card more easily. That said, even if the card isn’t a long-term fit, it can certainly be worth checking it out for a year given the potential value of this bonus. At the very least, you could use the new bonus to book $1,200 in travel through the Chase Travel portal. Alternatively, it is more than enough points to book business class at least one-way to much of the world with Chase’s transfer partners or to get a dozen nights or more at low category Hyatt properties. There are many Chase Ultimate Rewards sweet spots.
Chase recently brought back referrals on this card, so you may be able to generate a referral link to this offer and refer a friend or spouse, which could sweeten the deal a bit further.
Overall, it’s great news to see this bonus once again elevated. Keep in mind that you’ll need to be under 5/24 to be approved and that you must not have received a welcome bonus on any other Sapphire card in the previous 48 months. If it has been at least 4 years since you last earned the welcome bonus on this card, now may be the time to pick it up once again.