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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|
70K after $4K spend in 3 months$550 Annual Fee
Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
Recent better offer: Expired 12/1/22: 80K after $4K spend
FM Mini Review: Excellent all-around card for frequent traveler. Best when paired with no-fee Chase Freedom Flex, no-fee Freedom Unlimited & no-fee Chase Ink Cash
Earning rate: 10X hotels & car rentals booked through Chase ⚬ 10X Chase Dining ⚬ 5X flights booked through Chase ⚬ 3X Travel and Dining ⚬ 10X Lyft (through March 2025)
Card Type: Visa Infinite
Noteworthy perks: $300 Annual Travel Credit ⚬ Points worth 1.5 cents each towards travel ⚬ Transfer points to airline & hotel partners ⚬ Primary auto rental collision damage waiver ⚬ Priority Pass Select lounge access ⚬ $100 Global Entry fee credit ⚬ $5 monthly DoorDash in-app credit through December 2024 ⚬ Free DashPass through 2025 ⚬ Earn 10X on Lyft spend⚬ Free Lyft Pink All Access Memberhsip through December 2024 ⚬ $15 monthly Instacart credit ⚬ 12 months free Instacart+ ⚬ $10 monthly GoPuff credit (through 12/31/23)
See also: Chase Ultimate Rewards Complete Guide
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.