Chase Sapphire Reserve New 60,000 Point Welcome Bonus
Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners.
On the heels of Chase Sapphire Preferred® Cards With the limited-time 80,000-point welcome bonus coming to an end (its current welcome offer is 60,000 points), Chase is now offering a lucrative 60,000-point welcome bonus for its premium credit card with travel rewards , the Chase Sapphire Reserve®.
New cardholders can earn the 60,000 point bonus after spending $4,000 within the first three months of card membership. The bonus is worth approximately $900 when you redeem the points for flights, hotels and other travel activities directly through the Chase Ultimate Rewards® travel portal.
While the card’s annual fee is quite high at $550 (and $75 for each authorized user), the opportunities to earn points through the new welcome bonus and range of benefits included could make it a worthwhile investment for someone who prefers luxury travel perks.
Below, Select details Chase Sapphire Reserve’s valuable welcome bonus and some things to consider before paying the annual fee.
Subscribe to the Select newsletter!
Our top picks delivered to your inbox. Shopping recommendations that help you improve your life, delivered weekly. register here.
The Reserve Chase Sapphire is a popular credit card hailed for its added benefits, including free airport lounge access through Priority Pass Select, $300 in statement credits for travel purchases per year, $100 statement credit every four years to cover the cost of Global Entry or TSA PreCheck® enrollment and travel insurance, among other things. All of these five-star factors make the credit card an ideal choice for avid travelers.
Now Chase is offering new cardholders an increased welcome bonus to help you get started.
Once approved for the card, you can earn 60,000 Chase Ultimate Rewards points after spending $4,000 within the first three months of opening your account. If you are able to meet the minimum spend requirement, that means you will have at least 64,000 points in your account, which you can then redeem on the Chase Ultimate Rewards® travel portal or by transferring the points to any number of his airline. or hotel partners.
Earn 5X the total points on air travel and 10X the total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases by year. Earn 3 X points on other trips and restaurants and 1 point per dollar spent on all other purchases, plus 10 X points on Lyft rides through March 2025
Earn 60,000 bonus points after spending $4,000 on purchases within the first 3 months of account opening
17.74% to 24.74% variable
Balance Transfer Fee
Foreign transaction fees
Earning and redeeming points, plus other card benefits
By spending with the Sapphire Reserve, you can earn:
- 10X points per dollar when you book hotel stays and car rentals directly through the Chase Ultimate Rewards® travel portal (after spending $300 on travel in one year)
- 10X points per dollar when you spend with the Chase Dining program – which includes booking restaurants, ordering takeout or attending virtual cooking events
- 10X points per dollar when you use Lyft through March 31, 2025
- 5X points per dollar when you book flights directly through the Chase Ultimate Rewards travel portal (after spending $300 on travel in one year)
- 3X points per dollar for all other travel purchases (after spending $300 on travel in one year)
- 3X points per dollar for restaurant meals (including takeout) and orders from certain delivery services
- 1X point per dollar for any purchase made elsewhere
The best part is the The Chase Ultimate Rewards® points you’ll earn are transferable, meaning they can be redeemed for free (or nearly free) flights and hotel stays among a long list of transfer partners:
- Aer Lingus Aer Club
- Air Canada Aeroplan
- British Airways Executive Club
- Emirates Skywards
- Flying Blue (KLM and Air France)
- Iberia More
- JetBlue TrueBlue
- Singapore Airlines KrisFlyer
- Southwest Airlines Quick Rewards
- United Airlines MileagePlus
- Virgin Atlantic Aeroclub
- IHG Rewards Club
- Marriott Bonvoy
- The world of Hyatt
The Sapphire Reserve card also offers solid travel and lifestyle benefits, including:
- Statement credits of up to $300 per year to reimburse you for your travel purchases
- 50% more value for your points when you redeem them through the Chase Ultimate Rewards Travel Portal
- 50% more value when you redeem your points for credits after making purchases in certain spend categories, such as Airbnb stays or charitable contributions
- A $100 statement credit every four years to cover Global Entry, TSA PreCheck, or NEXUS enrollment fees
- A $10 monthly statement credit when you sign up for Gopuff, through December 31, 2023
- A free subscription to DoorDash and Caviar, plus $5 in monthly DoorDash credits, when you activate your account before December 31, 2024
- Complimentary Priority Pass Select membership at over 1,300 airport lounges worldwide
- Additional hotel benefits such as daily breakfast for two, room upgrades (subject to availability), early check-in and late check-out (subject to availability), and special amenities valued at $100 , when staying at properties located in Chase’s Luxury Hotel & Resort Collection
- Special VIP access to events and experiences
- Comprehensive travel insurance including collision damage waiver for rental cars, trip cancellation and interruption insurance, and travel and emergency assistance
- Purchase protection and extended warranty protection
- No foreign transaction fees
Is the high annual fee worth it?
Despite the high welcome bonus and the long list of valuable benefits, the Chase Sapphire Reserve’s hefty $550 annual fee can be a tough pill to swallow. Keep in mind that there are a few perks provided that may make it easier for you to justify paying.
$300 travel credit
A $300 travel statement credit is granted annually after you have paid the annual fee, covering more than half of the annual fee. If you’re an avid traveler who intends to get the most out of your card membership, you should have no problem spending enough to earn the full $300 travel credit.
Eligible travel-related purchases include flights, hotels, car rentals, cruise lines, and campgrounds, as well as train, bus, and taxi rides, ferries, and parking lots and garages, among other related booking and transportation.
Access to the airport lounge
If you regularly visit airports, lounge access can help you save money on meals and provide a peaceful place to work or spend time relaxing before your next flight.
With Priority Pass Select, Primary Cardholders and Authorized Users each receive complimentary access to over 1,300 lounges worldwide and are entitled to a maximum of two accompanying guests each. Additional guests beyond will need to pay $27 per person per visit.
The actual value you get from this particular perk will depend on how often you use it, so if you tend to visit certain airports with Priority Pass Select lounges, this could be an especially valuable perk.
Complimentary Registration for Expedited Airport Security Services
While arriving at the airport can already be a stressful experience, adding a long security line to the experience is never fun.
With the Chase Sapphire Reserve, your enrollment fees are waived with a $100 statement credit you’ll get every four years when you enroll in TSA PreCheck, Global Entry or NEXUS. All you need to do is apply online and use the Chase Sapphire Reserve card to pay.
I currently have Global Entry, which includes TSA PreCheck and regularly saves me time every time I go through security. More recently I returned from Aruba to Florida and was able to clear immigration in Aruba which saved me even more time – US pre-clearance in Aruba is available to all passengers, not only those with Global Entry, but it helped cut down on time spent online.
Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff alone and have not been reviewed, endorsed or otherwise endorsed by any third party.