150,000 Points: The Best-Ever Chase Sapphire Reserve Offer is Here

Chase just launched a historic 150,000-point bonus for the Sapphire Reserve. Here is why this 'best-ever' offer is worth the $795 annual fee.

150,000 Points: The Best-Ever Chase Sapphire Reserve Offer is Here

Chase has just launched a historic welcome offer for its flagship premium travel card. For a limited time, new cardmembers can earn a massive 150,000 Ultimate Rewards points with the Chase Sapphire Reserve®.

This is the highest public offer we have ever seen for this card, surpassing previous highs of 100k and the recent 125k offers. If you have been waiting for the perfect time to jump into the Chase ecosystem or upgrade your travel game, this is it.

Bonus and Spend Requirements

  • Welcome Bonus: 150,000 Ultimate Rewards points
  • Spend Requirement: $6,000 on purchases within the first 3 months of account opening.
  • Estimated Value: ~$3,075 (based on a 2.05 cents per point valuation for travel partner transfers).

Annual Fee

  • Primary Cardmember: $795
  • Authorized User: $195 each

While the annual fee is steep, the sheer volume of the bonus and the recurring credits significantly offset the cost in the first year and beyond.

Key Benefits & Credits

The Chase Sapphire Reserve is a powerhouse of travel protections and lifestyle credits:

  • $300 Annual Travel Credit: Automatically reimbursed for a wide range of travel-related purchases.
  • $300 Annual Dining Credit: (New for 2026) Broadly applicable to global dining.
  • Priority Pass Select: Access to 1,300+ airport lounges worldwide, including Chase Sapphire Lounges.
  • Enhanced Earning Rates: 8x on Chase Travel, 4x on direct flights/hotels, and 3x on global dining.
  • Top-Tier Protections: Primary rental car insurance, trip delay reimbursement, and baggage delay coverage.

Estimated First-Year Value

Item Value
150,000 Bonus Points (at 1.5 cents via Portal) $2,250
Annual Travel Credit $300
Annual Dining Credit $300
Total Value $2,850
Annual Fee -$795
Net First-Year Value $2,055

Note: Value increases significantly (to over $3,000) if points are transferred to high-value partners like Hyatt, United, or British Airways.

PointsGobbler Verdict

This is a "drop everything" offer for those under the Chase 5/24 rule. While the $795 annual fee might seem daunting, the $600 in combined travel and dining credits brings the effective fee down to $195. Getting over $2,000 in net value in your first year from a single card is nearly unheard of. Note that Chase now allows cardmembers to hold both a Sapphire Reserve and a Sapphire Preferred simultaneously under updated 2026 rules, opening up even more strategy for points enthusiasts.

Always confirm offer details and terms on the official Chase website before applying.