Editorial image; product art from the issuer. Offers and eligibility are subject to application terms.- 100k welcome bonus：Spend $6,000 within three months. At our 1.6-cent travel estimate, the points are worth about $1,600.
- An easy $300 travel credit：Broad annual travel purchases qualify, reducing the practical hurdle to roughly $495.
- Lounges and protections：Chase Sapphire Lounges, Priority Pass and core travel insurance support the long-term case.
Spend $6,000 within three months.
Highlights
- Welcome bonus：Earn 100,000 Ultimate Rewards points after $6,000 in purchases within three months, worth about $1,600 at our 1.6-cent travel estimate.
- Rewards：Earn 8x through Chase Travel, 4x on flights booked directly with airlines, 4x on hotels booked directly, 3x on dining worldwide and 1x elsewhere.
- $300 annual travel credit：The first $300 in broad travel purchases each account-anniversary year is automatically credited. Credited purchases do not earn points.
- Up to $500 The Edit credit：Receive up to $250 semiannually on an eligible prepaid The Edit booking of at least two nights through Chase Travel.
- Up to $250 select-hotel credit in 2026：Through Dec. 31, 2026, eligible two-night Chase Travel bookings at select brands can receive up to $250.
- Airport lounges：Access Chase Sapphire Lounge by The Club and more than 1,300 Priority Pass lounges, generally with up to two complimentary guests.
- Ultimate Rewards：Transfer 1:1 to partners including Hyatt, United and Aeroplan. Points Boost can provide up to 2 cents per point on select Chase Travel itineraries rather than a universal fixed 1.5 cents.
- Up to $300 Sapphire Exclusive Tables：Receive up to $150 semiannually on eligible dining booked through participating OpenTable inventory.
- Dining and entertainment benefits：Eligible DoorDash, Apple TV/Apple Music and StubHub benefits apply with enrollment and end dates.
- IHG Platinum Elite：Enroll for IHG One Rewards Platinum Elite through Dec. 31, 2027, under the current promotion.
- Global Entry, TSA PreCheck or NEXUS：Receive up to $120 toward an eligible application fee once every four years.
- Travel protections：Includes primary rental-car collision coverage, trip cancellation or interruption, trip delay and baggage delay protections.
- No foreign transaction fees：No foreign transaction fee applies to eligible overseas purchases.
Is the $795 fee worth it?
The broad $300 travel credit is easy for frequent travelers to use, reducing the practical annual hurdle to about $495. Lounge access, transfers, travel insurance and hotel or dining credits need to cover the rest.
Do not value The Edit, dining or StubHub credits at face value unless they match existing spending. The card fits frequent travelers who genuinely value lounges and protections.
Redeeming Ultimate Rewards now
Points still transfer 1:1 to multiple airline and hotel partners. Chase Travel now uses Points Boost for higher-value select itineraries, up to 2 cents per point. New applicants should not assume every travel booking receives the old fixed 1.5-cent rate.
What to know before applying
- You generally cannot apply while this same product is open, and prior Sapphire ownership or bonus history can affect eligibility.
- The card is commonly subject to Chase's unpublished 5/24 underwriting practice.
- Purchases covered by the $300 travel credit do not earn points.
- Authorized users cost $195 each, and newer credits have enrollment, semiannual or booking restrictions.
Drawbacks
- High annual fee：Even after the travel credit, roughly $495 remains to justify.
- Fragmented credits：Many newer benefits are semiannual or restricted to specific platforms and brands.
Frequently asked questions
What is the current welcome bonus?
100,000 Ultimate Rewards points after $6,000 in purchases within three months.
What is the annual fee?
$795, with authorized users generally costing $195 each.
What are the major earning rates?
8x through Chase Travel, 4x on direct flights and hotels, and 3x on dining.
Can Priority Pass guests enter free?
The primary membership generally includes up to two guests, subject to venue rules.
Are points still worth a fixed 1.5 cents in Chase Travel?
New rules use Points Boost, with select itineraries worth up to 2 cents per point rather than a universal fixed 1.5 cents.
Summary
Chase Sapphire Reserve remains one of the most complete combinations of travel credit, lounges, transferable points and insurance. The 100k bonus is strong and the $300 travel credit is easy, but the $795 fee requires real use of lounges, protections or other credits.
Confirm the final offer, fees and eligibility before submitting.