Less Than 30 Minutes Left To Get The Highest Offer In Over 5 Years! Earn 80,000 Points, Worth More Than $1,200, On The Chase Sapphire Reserve Card!

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Update: This limited time offer for the Chase Sapphire Reserve® Card will expire at 5:59pm ET on 11/30.

Earn 80,000 Points On The Chase Sapphire Reserve® Card!

Sapphire Reserve Signup Bonus

For a limited time only, you can earn 80,000 Chase Ultimate Rewards points for opening a Chase Sapphire Reserve® Card and spending $4,000 in 3 months. Those points are worth a minimum of $800 cash back or $1,200 towards travel or $1,256 towards dining or Airbnb, but they can be worth much more as shown below.

The previous standard signup bonus offers on this card has been 50K or 60K points for spending $4,000 in 3 months. There has not been a higher offer since the 100K intro bonus when the card was launched in 2016.

The end date of this offer is not yet published.

If you applied for this card’s 60K offer after September 14th, you can message Chase to be matched to this offer.

Annual Fee

$550 for the primary card and $75 for additional users.

Consumer Vs. Business Card Offer

This is a very strong offer for Sapphire Reserve, which is a great consumer credit card. However if you can qualify for a business card (and just about everyone can) you should consider signing up for the limited time 90,000 point offer on the Ink Business Cash® Credit Card Card or Ink Business Unlimited® Credit Card Card as those cards offer more bonus points with no annual fee. You can read more about the Ink Cash offer here and the Ink Unlimited offer here.

Additionally, those business cards won’t add to your 5/24 count as described below, while consumer cards do add to that count.

That being said, the Sapphire Reserve has numerous benefits those cards don’t have and will make your Chase points more valuable and transferrable to airline miles and hotel points, so there are good reasons to apply for this card as well!

Pay Yourself Back For The Annual Fee

You can use 36,666 points to pay yourself back the full $550 annual fee or you can use points at a value of 1.5 cents each to pay off any part of the annual fee.

Of course, you’ll still be able to take advantage of card benefits like the $300 annual travel credit, making all of your Chase points more valuable, and so much more.

Signup Bonus Terms

If you received your last Sapphire bonus on today’s date in 2018 or earlier, you are now eligible to earn another Sapphire bonus!

1. You won’t get approved for this card if you have received a signup bonus on Sapphire Reserve, Chase Sapphire Preferred® Card, or Sapphire card within the past 48 months. You can call Chase to find out when you last earned a bonus on those cards or you can pull up your old statements online to check when you last got a bonus. You can also send Chase a secure message with your old card number to ask when you got the signup bonus on it.
2. You won’t get approved for this card if you currently have an active Sapphire Reserve, Chase Sapphire Preferred® Card, or Sapphire card. However you can call Chase to change those cards to a Freedom Unlimited, Freedom, or Freedom Flex card, wait 2-4 days, and then apply for a Chase Sapphire Preferred® Card ! You can keep them as Freedom cards to help build your Quinfecta or you can upgrade back again if you still want a Sapphire Reserve.
3. You can apply and Chase won’t pull your credit or approve you if you are not eligible to get the card bonus.
4. You will get the bonus for this card even if you are an authorized user on another person’s Sapphire card.
5. If you are approved, that means you will get the bonus for this card as long as you spend $4,000 in 3 months.

5/24

All Chase cards that earn Ultimate Rewards are subject to 5/24 restrictions, meaning that you are not likely to be approved if you have been approved for 5 or more consumer credit cards in the past 24 months. Note that the Chase system automatically counts cards like authorized user cards and store cards as cards that count towards 5/24, but if you explain to Chase that those cards are merely authorized user cards or store cards they can manually approve you for a new card.

You can check your credit report for free at the federally authorized annualcreditreport.com to check how many accounts are shows as being open in the past 24 months.

Card Earnings

• 3 points per dollar on travel, including airfare, hotels, car rentals, cruises, subways, trains, taxis, tolls, parking, Airbnb, Uber, etc.
• 3 points per dollar on dining, including sit-down or eat-in dining, including fast food restaurants and fine dining establishments, take-out, and restaurant delivery.
• 5 points per dollar on airfare booked through the Ultimate Rewards portal.
• 10 points per dollar on Lyft spending through 3/31/25.
• 10 points per dollar on hotels and car rentals booked through the Ultimate Rewards portal.
• 10 points per dollar on Chase Dining purchases booked through the Ultimate Rewards portal.
• 1 point per dollar elsewhere.
• There are no foreign transaction fees.

$300 Annual Travel Credit

Cardholders get $300 in annual refunds that post automatically whenever you charge something that is categorized as travel, which includes airfare, Airbnb, car rentals, cruises, hotels, Lyft, subways, taxis, tolls, trains, Uber, etc. It’s pretty easy to spend $300 over the course of a year given the wide range of eligible categories.

If you applied for your Sapphire Reserve on or after 5/21/17, the annual travel credit is based on your cardmembership year. In other words if you opened a card on 3/1/21 and your statement closes on the 1st of the month, you will get a $300 credit for travel spending from 3/1/21 through 4/1/22 and it will reset annually on 4/1.

If you applied for your Sapphire Reserve before 5/21/17, the annual travel credit is based on the calendar year.

Read more about this credit here.

Spend Threshold

You’ll need to spend $4,000 on this card within 3 months.

You can pay your federal taxes for a 1.87% fee. If you overpay your taxes you can request a refund or apply it to your next year’s taxes.

My local natural gas company allows me to prepay up to $1,000 on a credit card for a $1.65 flat fee. That’s a great way to earn miles and help meet a spend threshold. My electricity supplier allows me to pay with a credit card for free as long as I am enrolled in autopay.

See this post for more ideas on meeting a credit card spend threshold.

Increased Points Value

If you or someone in your household has a Sapphire Reserve card you can redeem Chase Ultimate Rewards points earned from any card at a value of 1.5 cents towards paid travel. That makes the 80K points worth at least $1,200 towards paid travel.

Pay Yourself Back

Chase Ultimate Rewards cards allow you to Pay Yourself Back for purchases in rotating categories.

Currently, you can pay yourself back for dining, Airbnb, your annual fee, and select charitable organizations at a rate of 1.5 cents per point through 12/31.

A great feature of the program is that you keep the original points that the purchase earned, even though you paid yourself back for the purchase. That means your points will be worth more than 1.5 cents each!

In other words, if you spend $300 on dining or Airbnb on Sapphire Reserve, you can use 20,000 points to offset that purchase and make it free. Plus, you’ll still earn the 900 points for dining or travel, so you effectively used just 19,100 points to offset the purchase. That means your points were actually worth 1.57 cents each.

Chase has continually renewed the pay yourself back for dining feature on this card and it makes it very easy to cash out your points at a value of 1.57 cents each!

Airline And Hotel Transferability

If you or someone in your household has a Chase Sapphire Preferred® Card you can transfer Chase Ultimate Rewards points into valuable airline and hotel mileage currencies.

Card Convertibility

You can call Chase to convert this card or any of the following cards into another card from this list:

• Chase Sapphire Preferred® Card ($95 annual fee)
• Chase Sapphire Reserve® Card ($550 annual fee)
• Chase Freedom Unlimited® Card ($0 annual fee)
• Chase Freedom Card ($0 annual fee)
• Chase Freedom Flex Mastercard ($0 annual fee)

Note that some reps will only allow card conversions after you have had the card for 12 months.

If you or someone in your household has a Sapphire Reserve, then your points will be worth at least 1.5 cents towards travel!

Instacart Membership and $15 Monthly Credit

This card comes with a free year of Instacart+ Membership.

Plus, you’ll get a $15 monthly statement credit for Instacart spending, so you can get $180 of free groceries every year!

Lyft Pink Membership

Chase Sapphire Reserve® cardholders can enroll in Lyft Pink All Access for free for 2 years. Lyft Pink All Access normally costs $199 per year. After the 2 free years, the membership will renew at 50% off for the 3rd year.

You can set Lyft Pink not to auto-renew by going to settings in the Lyft app, and then Lyft Pink, and manage plan.

To enroll, just have your Sapphire Reserve card saved as your Lyft payment method and then click on Lyft Pink in the app, where you will have the option to start your 2 free years.

This offer is available for activation through 12/31/24, so you may not want to enroll in it now if you don’t need it currently.

If you currently pay for Lyft Pink, you can get a pro-rated refund once you activate this offer!

Chase Sapphire Reserve® Cardmembers also receive 10 points per dollar spend on Lyft through 3/31/25.

Plus, all Lyft members can earn miles with Alaska, Delta, or Hilton.

• Lyft Pink All Access includes:
  • Free Priority Pickup upgrades to get picked up faster
  • Member-exclusive pricing including 10% off all Lux rides
  • Cancellation forgiveness, cancel up to 3 times per month for free
  • In-app roadside assistance for your own car, free up to 4 times a year
  • Free Grubhub+ for one year
  • Free SIXT car rental upgrades
  • Free, unlimited 45-min classic bike rides
  • Free unlimited ebike and scooter unlocks
  • Discounted ebike and scooter rates
  • 3 bike or scooter guest passes per year

Priority Pass Membership

Priority Pass lounge membership allows you to bring 2 guests with you into over 1,300 airport lounges.

Secondary cardholders get their own Priority Pass membership and can bring in their own guests.

There are also many airports with restaurants that have $28 credit per person with Priority Pass membership. I’ve used that to get free granola bars, potato chips, and drinks to go!

There are also airport spas and other non-lounge experiences that now participate in Priority Pass.

While AMEX no longer allows Priority Pass to access that credit for non-lounge experiences on their cards, Chase still allows cardholders to use that credit.

Global Entry/PreCheck/Nexus Fee Refund

It costs $85 to apply for a 5 year TSA PreCheck membership which makes flying pleasant again. Shorter lines, no need to remove your shoes, belt, jacket, or hat. You can keep your laptop and small liquids inside your carry-on. And you go through a good old fashioned metal detector instead of assuming the position in the body scanner.  If you charge it on your card the fee will be refunded.

It costs $100 to apply for a 5 year Global Entry membership which lets you bypass the customs line. If you have Global Entry you also get TSA PreCheck for free. If you charge it on your card the fee will be refunded.

It costs $50 to apply for a 5 year NEXUS membership and it includes PreCheck and Global Entry. If you charge it on your card the fee will be refunded.

You can read more more about the differences in this post.

My whole family has Global Entry and it sure makes traveling a whole lot easier!

Doordash DashPass And Monthly Spend Credit

Cardholders get free DoorDash DashPass to save money on deliveries, a $9.99 monthly value. The membership is valid through 12/31/24.

Cardholders also get a $5 monthly DoorDash credit, which expires after 3 months, so you can stack $15 of credits together.

DoorDash DashPass allows you to get free delivery and lower service fees on $12+ orders from select restaurants that have a blue checkmark. There are also lots of promotions and free food offers available to DashPass members.

Card Benefits

Sapphire Reserve has a plethora of value benefits and protections:

• Free roadside assistance, including free battery boost, flat tire service, 2 gallons of fuel delivery, towing, or lockout assistance.
• Primary rental car insurance worldwide.
• $10K/item Purchase Protection for for items damaged or stolen within 120 days.
• $10K/item Extended Warranty Protection
• $500/item Return Protection
• Lost luggage insurance of $3,000 per person per trip.
• Baggage delay reimbursement of $100 per day per person (max of 5 days) for essential items needed (Clothing, toiletries, charger, etc) for delays more than 6 hours.
• Trip delay reimbursement of $500 per person for reasonable expenses (Hotel, food, toiletries, medicine, etc) required for delays more than 6 hours.
• Trip cancellation and trip interruption insurance of $10,000 per trip or $20,000 per trip with multiple travelers.
• $1,000,000 in travel accident insurance.
• $100,000 in emergency evacuation insurance when traveling more than 100 miles from home.
• Repatriation of Remains Insurance
• Emergency Medical and Dental Benefit while traveling

Killer Combos

Stacking multiple Ultimate Rewards cards together can supercharge your earnings by getting you more points per dollar while increasing the value of all your points.

Read more about this strategy in depth in this post.

A Chase Bifecta would consist of a household that has the Chase Sapphire Preferred® Card or Sapphire Reserve and the Freedom Unlimited. The total effective annual fees would be either $95 with Chase Sapphire Preferred® Card or $250 with Sapphire Reserve after accounting for that card’s $300 annual travel credit. With the Sapphire Reserve+Freedom Unlimited you would earn 1.5 points per dollar everywhere, 3 points per dollar on travel, dining, and drugstores, 5 points per dollar on airfare booked via Chase, and 10 points per dollar on Lyft and hotels and car rentals booked via Chase. You’ll be able to transfer all of your points into airline miles or hotel points or use the pay yourself back feature. Read more about Freedom Unlimited here.

A Chase Trifecta adds a no annual fee card like Ink Cash or Chase Freedom Flex into the mix, so your total effective annual fee will still be $95 or $250. Both of those cards give options to earn a whopping 5 points per dollar in various categories on top of the 2-3 points per dollar that the Sapphire cards offer and the 1.5-5 points per dollar everywhere else with a Freedom Unlimited card. Read more about Freedom Flex here and read more about Ink Cash here.

A Chase Quadfecta would add both the Ink Cash and Chase Freedom Flex on top of a Sapphire card and an Unlimited card, so your total effective annual fee will still be just $95 or $250. The Quadfecta is the sweet spot and allows you to really supercharge your spending everywhere.

A Chase Quinfecta could add the Ink Business Preferred® Credit Card to that mix, adding $95 to the annual fee total. This make sense if you spend money on shipping, social media advertising, or search engine advertising, or if you want free cell phone insurance.

Alternatively, you can create a Chase Quinfecta by adding the Chase United Explorer card, United Club Infinite Card, United Gateway℠ Card, United Quest℠ Card, or Chase United Business Card into the mix. Those cards don’t earn Ultimate Rewards points, but it makes your Ultimate Rewards points more valuable. Having a United card enables you to have access to significantly expanded United saver and standard award space in addition to benefits like 2 free club passes, a free checked bag, a free carry-on bag, and priority boarding, even when you’re on a basic economy fare. See more about those benefits here.

Again, all of these cards don’t need to be in one person’s name. 2 people from the same household can split up the requisite cards that make up the Quinfecta, as they can transfer the Ultimate Rewards points back and forth between themselves freely and they can add each other as an authorized user on their cards!

Airline Transfer Partners

You can transfer points at a 1:1 ratio to:

• United (Star Alliance)
• Singapore (Star Alliance)
• Air France/KLM Flying Blue (Skyteam)
• British Airways (OneWorld)
• Aer Lingus (OneWorld)
• Iberia (OneWorld)
• Emirates
• JetBlue
• Southwest
• Virgin Atlantic

Hotel Transfer Partners

You can transfer points at a 1:1 ratio to:

• Hyatt
• IHG
• Marriott

The great thing about Chase Ultimate Rewards is how versatile and valuable they are

The Chase Sapphire Preferred® Card allows you and anyone in your household to transfer Chase points into miles. They also allow you to use points at a value of 1.25 cents each towards travel.

The Sapphire Reserve also allows you and anyone in your household to transfer Chase points into miles. Plus it allows you to use points at a value of 1.5 cents each towards travel.

The fixed value is excellent and doesn’t require hunting down award space, but those points can be much more valuable by transferring them into airline miles or hotel points.

• If I want to stay in a 5 star Park Hyatt in the Maldives, Melbourne, NYC, Paris, Sydney, or Tokyo that would cost over $1,000/night, I can instantly transfer 25-40K points to Hyatt to do that, a value of up to 6 cents per point.
• If I need a one-way flight from Cleveland (or Chicago, Detroit, Miami, Montreal, Orlando, Pittsburgh, Toronto, etc) to NYC that can cost $500 each way, I can instantly transfer 7.5K points to British Airways to book a short-haul on American with no last minute booking fees. Or if American doesn’t have availability I can instantly transfer 10K points to United for their short-haul award. That’s a value of up to 7 cents per point.
• Air Canada offers one-way short haul awards for just 6K miles. You can also get stopover awards for 5K miles, build round-the-world awards, and get free lap child awards in the US/Canada and bring lap children to anywhere else in the world for just C$25!
• If I want to stay in a non-chain hotel that costs $300/night and don’t want to pay cash, I can redeem 20K points for the room thanks to my Sapphire Reserve card’s minimum redemption value of 1.5 cents per point or 24K points with the Chase Sapphire Preferred® Card ’s minimum redemption value of 1.25 cents per point
• Flying Blue has award flights to Israel for 25K miles for adults or 18,750 miles for kids.
• If I want to fly in a $25,000 ANA First Class Suite round-trip from the US to Tokyo, I can instantly transfer 110K or 120K points to Virgin Atlantic. That’s a value of up to 23 cents per point. You can now redeem one-way awards for half the price as well!
• If I want to book a $2,281 business class ticket on Air Canada to Tel Aviv I can redeem 152K points for the flight thanks to my Sapphire Reserve card’s minimum redemption value of 1.5 cents per point or 182K points with the Chase Sapphire Preferred® Card ’s minimum redemption value of 1.25 cents per point, plus I’ll earn Qantas miles for more future travel as it’s considered a paid flight instead of an award flight.
• And thousands of other possibilities from Singapore couples suites to booking Southwest awards with 2 free bags and free cancellations, to stealing 2nd base in middle of an MLB game.

Dan’s Quick Thoughts:

Sapphire Reserve‘s annual fee has increased in recent years from $450 to $550, which is now an effective $250 after the $300 travel credit is accounted for. However it remains a strong card loaded with benefits and this is the best signup bonus we have seen since the card’s intro offer. Best of all, having the card increases the value for all of your family member’s Chase points for use on travel, dining, and more.

That being said, the Chase Sapphire Preferred® Card and Ink Business Preferred® Credit Card also enable Chase point transferability for a low $95 annual fee. And Ink Cash Card or Ink Business Unlimited® Credit Card offer a higher signup bonus with no annual fee. However there is still a place for Sapphire Reserve and I keep it in my wallet as it still offers value not found on any other card in the market and it’s a key part of maximizing the value of your points.

Will you signup for this Sapphire Reserve offer?