Chase’s Highest Ultimate Rewards Signup Bonus Ever: Sapphire Reserve 100,000 Point Bonus Is Now Live; Get $2,100 In Travel!


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Update: My Sapphire Reserve came in the mail today and it’s a great looking card with even better benefits, have you received yours yet?

Originally posted on 08/22:

Related posts:
-30 Awesome Things You Can You Do With Ultimate Rewards Points
Building Credit And Credit Card FAQs: Your Questions Answered

Signup Bonus:

For a limited time only, Chase is offering an unprecedented 100,000 Ultimate Rewards points for spending $4K on the brand new Sapphire Reserve card within 3 months. You can use those points for $1,500 in travel or you can transfer them into airline miles or hotel points.

Note that if you have opened up 5 or more cards in the past 2 years it can be difficult to get approved for most cards from Chase unless you have a banking relationship like Chase Private Client. If you have opened additional user cards in the past 2 years you can request from the bank or credit bureaus to have those removed from your credit report so that it doesn’t negatively impact your ability to get approved for a new credit card.

Annual fee:

The card has a $450 annual fee which is not waived for the first year. The effective annual fee though is just a third of that thanks to the travel credit.

Travel credit:

The Sapphire Reserve offers a $300 automatic travel credit to offset the annual fee. The first $300 of any travel charged to your card each calendar year will be refunded. That includes any charges for airfare, car rentals, hotels, Airbnb, campgrounds, cruises, or transportation which includes trains, buses, subways, Uber, Lyft, taxis, limos, ferries, bridges, tolls, E-ZPass, and parking.

As the credit is per calendar year that means you’ll get $600 of travel refunds in your first cardmembership year with a $300 credit in 2016 and a $300 credit in 2017. That’s far more generous than other travel refunds that only officially refund things like airline change and baggage fees.

Combined with the signup bonus that means you can get $2,100 in travel.

The annual travel credit effectively lowers the annual fee of the card to $150 per year. That’s only $55 per year more than Sapphire Preferred and it comes with a lot of valuable benefits that make the card a keeper:

Sapphire Reserve offers 3 points per dollar on:
-Airfare, including tickets bought from travel agents and online agencies.
-Timeshares (just in case you’re a real sucker)
-Car rentals.
-Hotels, Airbnb, and campgrounds.
-Restaurants, fast food, coffee shops, bars, lounges, and cafes.
-Transportation including trains, buses, subways, Uber, Lyft, taxis, limos, ferries, bridges, tolls, E-ZPass, and parking.

That’s 50% more points than the Sapphire Preferred offers in these categories.

There are no foreign transaction fees.

You’ll be able to access over 900 clubs worldwide with Priority Pass and you can bring unlimited guests with you into the lounge for free! That includes lounges with kosher food and wine in Newark and Tel Aviv. You can call Chase to enroll in Priority Pass or you can enroll online here.

Every 4 years you can get a $100 credit for a 5 year Global Entry membership which also includes TSA pre-check. That means you can skip the lines and forms when flying back from abroad and you can leave your shoes on, laptops in their bags, and go through metal detectors when flying from the US.

Additional cardholders cost $75/year and include a Priority Pass membership with free guesting privileges as well.

Increased cash back or miles:
The Sapphire Reserve allows you to use all your Chase points for 1.5 cents each per dollar towards travel.
Previously it’s always been worth transferring Chase points into real airline miles and hotel points.
But at about 1.5 cents per dollar it can start making sense to consider redeeming points directly for paid travel without transferring them into miles. That’s especially true as those fares, as opposed to traditional mileage tickets, also earn additional miles. You can still do much better with miles when hunting for last minute tickets or for premium class tickets, but for regular coach tickets this will be hard to beat.

The ability to choose between 1.5 cents per dollar or mileage transfers make Sapphire Reserve an incredibly versatile credit card.

The 1.5 cents per dollar redemption option also means the travel and dining categories on this card earn at least 4.5% per dollar.

The Chase Freedom Unlimited card earns 1.5 points per dollar everywhere. Having the Sapphire Reserve makes everyday spending on that card worth at least 2.25%.

Chase Freedom and Ink cards also have 5 point category bonuses and those will be worth at least 7.5% if you have the Sapphire Reserve.

As a Visa Infinite card, it also comes with some benefits like discounts on car rentals (including Silvercar), though apparently the card won’t have the Visa Infinite benefit of $100 off companion airfare.

Sapphire Reserve comes with primary rental car CDW insurance in every country in the world. Most other cards only have secondary coverage when you rent a car in your home country. This means that if you damage your rental vehicle you must file the claim with your own personal insurance policy first, and only if they won’t cover the damage will the credit card cover the damage. Even additional cardholders get primary coverage when they rent.

Most credit cards also exclude countries like Israel from coverage, however all Chase cards cover you worldwide, including in Israel. And they will give you a letter of coverage stating that you are covered in Israel so that you don’t have to argue at the rental car counter that your Chase Visa does give CDW coverage.

Plus you get triple points on car rentals, meaning there is no better card out there for car rentals!

-Trip cancellation insurance is free.
Trip cancellation reimburses up to $10,000 per person, up to $20,000 per trip, and up to $40,000 per year if you need to cancel for injury, death, or sickness experienced by you, a traveling companion, or an immediate family member of you or your traveling companion. Other covered reasons include severe weather, military orders, terrorism, jury duty, home dwelling becoming inhabitable, quarantine, or financial insolvency of the travel agency or operator of your trip.

Other card benefits include:
-Price protection. Find a lower price in a store or online on a non-auction site within 90 days and get back up to $500/item and $2,500/year.
-Return protection. Return an item to a store that won’t take back an item for up to 90 days ($500/item, $1,000/year)
-Purchase protection: 120 days of protection in case of damage or theft on items you buy ($10,000/item, $50K/year)
-Warranty protection: An extra year of warranty coverage on purchases ($10K/item, $50K/account)
-Lost Luggage Protection: If your checked or carry-on bags are lost you can be reimbursed by up to $3,000 per person.
-Trip Delay Protection: If you are delayed that either requires an overnight stay or is more than 6 hours you can be reimbursed for up to $500 in expenses per person.
-Baggage Delay Protection: If your bags are delayed by more than 6 hours you can be reimbursed for up to $100 in expenses per person per day, for up to $500 per person.
-Travel Accident Insurance: Coverage if you are injured or killed on a trip.
-Roadside Assistance: Coverage for up to 4 incidents per year.

-Visa Infinite Concierge is included free of charge.

The Chase Sapphire Reserve card earns Ultimate Rewards points and has the ability to transfer points into miles.  It also gives you the ability to transfer points from fantastic no annual fee cards like Chase Freedom, Freedom Unlimited, and Ink Cash into miles as well, as those cards can’t transfer points directly into miles without having the Sapphire Reserve, Sapphire Preferred, or Ink Plus card.

You can also transfer points at an equal ratio to your own or to one authorized user’s airline and hotel programs:
-United (Star Alliance)
-Singapore (Star Alliance)
-British Airways (OneWorld)
-Korean (Skyteam)
-Air France/KLM Flying Blue (Skyteam)
-Virgin Atlantic
-Ritz Carlton

Point Currency:

Chase Ultimate Rewards offer instant and fee-free transfers to top-notch mileage and points programs at a 1:1 ratio.

You can transfer points to a household member’s Chase card or to an authorized user’s airline/hotel programs.

You can also transfer points to Chase business Ink cards like Ink Plus and Ink Cash where you can transfer from there to other business owner’s cards and/or programs.

Transfer partners include:
United (Star Alliance) is an excellent currency. They never charge fuel surcharges, have very flexible routing rules, they allow one-way awards for half the mileage, they have short-haul awards for 10,000 miles, they often run discounted award promotions, they allow for a stopover and an open-jaw so that you can really maximize a single award ticket into several free trips, and they have dozens of partners to fly on, most of which can be booked on their website.
British Airways (OneWorld) is awesome for short-haul awards, though partner American has been stingy with award space of late. Awards start from just 4.5K miles. Flights to Israel on Air Berlin are just 60,000 miles round-trip with no fuel surcharges. They allow one-way awards for half the mileage. There are no close-in or expedite fees. You can cancel an award for as little as $5.60. Infants are only charged 10% of the miles on international trips instead of 10% of the full fare like US carriers charge. Plus they don’t collect fuel surcharges on American within the western hemisphere, on Qantas from or within Australia, on Air Berlin, Aer Lingus, Alaska, or LAN and you can transfer points to Iberia to limit fuel surcharges there as well.
You can read more in this post on everything you need to know about BA Avios. And you can see 110 places you can go to nonstop from NYC with Avios.
Korean (Skyteam) offers unbeatable first class availability (A380 First Class Trip Report here) and they also have true bargains on partner travel, just 30,000 miles to fly round-trip on Hawaiian or Alaska to Hawaii in coach or 60,000 miles in first. And it’s just 20,000 miles to fly to Alaska in coach or 40,000 miles in first. You can even get a free stopover on the way to or in Alaska! If you can find Delta saver availability you can fly to Hawaii round-trip for just 25,000 miles in coach or 45,000 miles in business.
Air France/KLM Flying Blue (Skyteam) offers promo awards from rotating North American cities to Europe, Israel, and Russia from just 12,500 miles each way. Regular awards to Israel are just 25K miles each way, though some fuel surcharges apply on most airlines except for Delta.
Singapore (Star Alliance) offers private walled-in first class suites that can only be booked with their miles. A suite one-way from JFK to Europe is 57,375 miles. Travel to the US48, Hawaii, Alaska, Europe, and Israel can all be had on the cheap. There are no close-in booking fees and changes and cancellations are very cheap. Fuel surcharges apply when flying on most airlines besides United. More info here.
Southwest offers a value of about 1.7 cents per point towards award travel, though that rate can now vary. Plus you get 2 free checked bags, free flight changes or flight cancellations. and you can even get a point refund if the price of your flight goes down.
Virgin Atlantic has some niche uses with awards on Delta.
Hyatt is a very powerful hotel currency. They have a cash and points option that offers some excellent values and more importantly those stays earn points, elite stay credits, promo credits, and you can use suite upgrades on cash and point stays as well. It remains far less expensive for high-end hotel stays than any other hotel program.
You can also funnel points through Hyatt to Southwest to qualify for a free Southwest Companion Pass which gives you a free companion every time you pay for or redeem for a free ticket.
-You can also transfer points to Marriott, Ritz Carlton, and IHG.

Generally speaking you’ll want to use the 1.5 cents per point option when redeeming for round-trip coach tickets booked in advance. You’ll generally want to transfer to miles for business class, first class, last minute and one-way coach awards. You’ll be better off with 1.5 cents per points for IHG and Marriott hotels, but Hyatt points can often be worth more than 1.5 cents each, so you’ll want to transfer points to Hyatt in those cases.

Will you be signing up for Sapphire Reserve? Hit the comments!

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421 Comments on "Chase’s Highest Ultimate Rewards Signup Bonus Ever: Sapphire Reserve 100,000 Point Bonus Is Now Live; Get $2,100 In Travel!"

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7/24 780 FICO with 120k income, denied, called recon twice same answer: too many ccs. ARGH


Dad already got it. Was in bank 2 days ago and signed up. Seems like a cool card.


Has anyone been approved with 5/24?


People with Private Client have.


Dan-any dates for Israel?


Before I apply can you please explain this in detail:
“If you have opened additional user cards in the past 2 years you can request from the bank or credit bureaus to have those removed from your credit report so that it doesn’t negatively impact your ability to get approved for a new credit card.”


Hey – just signed up for sapphire preferred 2 months ago. This card seems better suited for needs plus the 100k bonus. Do you know if it’s possible to open this card in addition to my preferred? And would you reccomend doing that? Thanks in advance for your help!


Is 5/24 rule in effect?


So that’s the answer
It dies have the 5/24 rule or is it to soon to tell?


didnt receive 5 over 24
but had 5+ open
does it qualify?


I applied and i have way way more then 5/24 got a email saying they would consider my application and get back to me in he next 30 days.

Should I just wait it out or should I be proactive and call them thanks dan!!


The $300 travel credit works on EZ-Pass? Looked through the terms and doesn’t specify.

Is EZ-Pass billed in the travel category?


Can i upgrade my sapphire or i have to apply separately ?


Is there a Bussiness version of this card?


Of course.
You can transfer miles to an airline like United.
Of you can buy any ticket with each point being worth 1.5 cents towards that ticket, so an $800 ticket nonstop from NYC to TLV in September would cost 53K points.

If you’ve opened additional user cards in the past 2 years it can hinder your ability to get approved for Chase cards if it puts you over 5 cards in the past 24 months.

However you can close and/or remove those cards from your report so that they don’t negatively affect you.

It’s a better card in every way and you can signup for this card even if you have Sapphire Preferred.


As long as you haven’t opened 5 cards in the past 24 months (some cards like AMEX business cards don’t count towards this) then you can get approved.

YMMV. Probably just wait it out.

Mine is billed as travel, yes.

You can, but you won’t get the signup bonus then.



So the main question for you Dan is:
Are you going to be able to get approved???


Can you transfer UR points to Amtrak? is it worth it?


I’ll let you know :)

Not anymore.


Has anyone with 5/24 without private client been approved?


Dan- can you upgrade from a chase sapphire card and get the bonus? Also , does this upgrade obviate the 5 cards in 24 months issue for those that have a problem otherwise getting this card?


How can I easily check how many cards I have applied for in the last 2 years?


@Dan: Do you know how I can become a Chase private client?


I Have lots of cards and have private client and was approved on the spot. I just opened sapphire preffered a couple months ago too. Thanks dan


“The annual travel credit effectively lowers the annual fee of the card to $150 per year” I don’t understand this line. The credit gives $600 during the first year of membership. Doesn’t that make the effective annual fee $150 in profit?


@dan i just applied and they say they will let me know whats the deal with that?


I see on the purchase protection Benefit you wrote for theft or damaged up to 120 days. What about on lost items like the platinum card is that also covered?


No points for upgrades.

@Julian: and look to see which accounts have an opening date in the past 2 years.

Create a relationship with a local banker.


$150 in subsequent years.

Wait and see or call them.



@hey: I applied and got the message saying tthey need to consider it. I called the recon line and he told me the system had already automatically denied me because I had opened more than 5 cards in th past 24 months


would buying a LIRR monthly ticket count as travel?




@Dan I just spoke with a representative at Chase Sapphire Preferred, he informed me that indeed, unless you are with an authorized user they will not gain access to lounges. Furthermore, authorized users will not get reimbursed for the $100 TSA fee, only the main account holder. So the $75 will basically allow them to get the lounge access only.


In the past when Chase has had increased sign up bonuses for introduction of a new card, has there been advanced notice before they lowered the bonus?


@dan should I cancel my sapphire preferred card if I don’t use it that often?


is the annual travel credit able to be carried over to the next calendar year if not used in 2016 for example?


Is Fuel also considered travel?


@Dan Do gift card purchases at places like Home Depot, Krogers, Amazon etc count toward min spend?


If I have sapphire preferred and want to upgrade to this card- will they do a hard pull of my credit? Will I still get the 100K points?


Does reqesting an annual credit report hurt for the credit history ?


if its my first card is there any chance i can get card


So I am not sure how many cards I or my wife have applied for in the past 24 months. I know it isn’t crazy. Is there a way to check? Our income last year was over $150k and this year is set to be $250k or so but still nervous.


@dan also can i buy gift cards to add up to 4000 and where do u suggest to do that?


What was that part about $100 global entry credit? Can you explain that. When does that apply? Does that count towards travel or separate? Does the credit happen automatically?

na nach



If I have a very good business relationship with Chase, should I ask my contact before applying? In the past I did receive one of those letters from Chase about opening too many cards. Before applying for this new card should I ask my contact or should I apply and get the letter and then ask my contact for help? Also, can applying and getting denied ruin my credit?


Which credit agencies does chase pull info in NJ




Another rep just told me the opposite.
I guess we’ll see!

Sometimes yes, sometimes no.

I would downgrade it to Freedom Unlimited or Freedom.

You get a new $300 credit for 2017.



No hard pull and no points to upgrade.


I would start with an easier card to get.

If you spend $100 on a Global Entry membership you’ll get an automatic $100 refund.

@na nach:

You can apply and then ask for help if needed.
A denial won’t ruin your credit.


How do I check if I applied for more then 5/24, I don’t remember exactly when I got all my credit cards


Is there a way to check all my past applications and their dates?


Just approved!


@Mike: and look to see which accounts have an opening date in the past 2 years.

Congrats, me too :D




Thanks for the heads up on this card, Dan. Instant online approval!


@dan when did you apply??


Is the 300 travel credit one time up to 300 or combined?


Dan, a few. Weeks ago a someone added me as an additional to their card, it showed up on my report didn’t remember opening a new card recently so contacted Amex and they removed me, also disputed with eqafax, it’s still pending supposed to be resolved in the next 2 weeks. Should I wait this 2 weeks or can I sign up now? My score was 760 dropped to 720 because of new card, should I wait this 2 weeks? Does it make sense the signup bonus should decrease in next 2 weeks?


Can you walk us through the process to get approval with chase private client? Do you just give the banker the denial letter and ask him to help? My chase banker is very not with the program


Hey Dan I was wondering, if I sign up for this card is there any specific other cards I should apply for on the same day so that I will all be on the same credit check??


Hi dan I am a private client and I was denied due to 5/24 what should I do now recon or is it a waste of time?


I have exactly 5 credit inquiries from experian (the other two I only have 1 more combined), will I be able to get accepted?


Is here a minimum income requirement


I got it today. 0/24. 24K Credit line. Now just need help hitting the $4,000 spend…


I’m approved but confused with travel credit. Effectively that 300 you get in 2016 and 17 you HAVE to spend or your gonna end up paying 450 membership fee instead of 150? Is that correct??


Dan, why did you reply to “A” (end of comment 47) that denial wont hurt his credit? Doesn’t a denial mean a hard pull?


FYI my personall experience – and ive heard from others as well- when it comes to chase 5/24 rule if you call recon line and tell them which cards you have are AU thell verify it on the spot and move ahead with approving you


Dan, i haven’t seen any data points on these specifics, can you help me out here?

1. Does removing yourself as an AU help with 5/24 any more than closing an individual account would?

2. Does lending credit (open personal loans or student loans) count towards 5/24?


So Dan, I assume you have more than 5 apps the last 24m. What’s the scoop?


How do I find out if I have chase private client?


Just got this card. Does anyone know if you still get reimbursed for Global Entry even if you apply for someone else with your card( like your spouse)? I’m figuring you would get a credit since it goes by account not by name….


so review credit report and count how many opened on or after 8/22/14?


I just reread it Dan!! I get it now thanks!


What CL Number do they want to see compared to your income?


@dan, have more then 5/24, any point trying to get approved? (not a chase private client unfortunately)

Chickensauce Torah Hashem



I really want this card, but I’m over 5/24, so it doesn’t make sense for me to even bother applying.

I checked pre-screened offers, and didn’t see anything listed, but this is most likely because I opted out of pre-screened offers at some point. So I opted back in, but I have no idea how long this takes to have any effect.

Anyone know?


Over 5/24 but got approved by transferring around credit lines!


Would gift cards count as travel spending like amex?


Just got approved!! Tks DAN :)
applied online and got a decision pending, called the reconsideration line and got approved :)


@Dan still possible to be approved if one of my chase accounts was closed for inactivity recently?


This is in addition to $300 towards travel correct?


@Julian: anual credit report


I was over 5/24 and got pending/7-10 days..didnt want to waste the hard pull do applied and instantly approved with 30k combined CL for 2 other chase(non-5/24 cards) did i hurt my chance at reconsideration by applying for those two others? Any RECON line open Now?



When I made this post.


I’d probably wait.

You can ask for help, but becoming private client will help much more.

Depends on what other cards you have.

Call Recon of course.

It’s not about hard pulls, it’s the number of accounts actually opened in the past 24 months.


It’s $300 for free for anything travel related in every calendar year.

I said it won’t ruin his credit.
A hard pull will cost you a few points for 6 months. No big deal.

1. You would also need to have the AU removed from the report.
2. No.

Get friendly with a banker and become private client.

You will.



From airlines or hotels? Sure!



Yes. Global Entry reimbursement comes on top of $300 in travel spend per calendar year.

They close at 10.


Declined, too many recent apps 6/24 but they were all in 2014. None in 2015 or 2016, and one was an au on spouses card. Any suggestions on how to get this card!

Bruce F

Thank you Dan I just got Approved for the Chase Sapphire Reserve this is my 4th card from Chase and I had been approved for the Freedom Unlimited just 4 months ago.


Wahoo – Thanks Dan! I was approved! Do we know if this will offer referral bonuses…


I love your suggestion regarding EZ Pass. is it standard that it will be categorized as travel, or does something have to be done?


I find it quite odd that Dan would get approved for this card, as it seems highly unlikely that he’s not over 5 in the past 24.

I’m not saying I don’t think the approval is true, but I am wondering what he said/did to get approved and why he isn’t sharing it (Dan MUST know that everyone here is thinking the same thing…)


Are you sure you can transfer all of your Chase points to this card for 1.5 cents per dollar for travel?


Hey dan Ive been approved but chase Is telling me that I wont be able to get the CC for another week is there a way around that?


I got approved, but did not have 5/24 so no problem.
Anyone know whether it is worth it $75 a year for additional cards ?


@dan I have applied but didnt get instantly approved i have to wait for a letter of either approved or denied! Should i wait for the letter and proceed from there or should i call recon right away?


@Chickensauce Torah Hashem:

Hey– you stuff the money inside the credit card. When you swipe the credit card it slowly squeezes the money out.


Any info on the Virgin Atlantic uses for Delta?
Seems like all other ff programs got a full paragraph besides this one…


He wrote here time and again that you can get approved when over 5/24 if you have Chase Private Client.

@ Nitanel


Some CPCs have been declined despite the understanding that 5/24 does not apply to CPCs. I too would like to know what the trick is to get approved. Ordinary recon does not work.

Private Client Declined


I’ve been a Chase Private Client for years. I am well over 5/24 (though I’m guessing less over it than you :-) ). I applied online and was declined. Ordinary recon twice said no chance. What do you recommend? I have a phone call into my private banking rep.



Thanks Dan, Got approved.
I called to request Rush on the card as I am travelling next week and they told me they are not providing rush for this card. Is that really true or should I HUCA?


…you can request from the bank or credit bureaus to have those removed from your credit report so that it doesn’t negatively impact your ability to get approved for a new credit card.

@Dan please advise how to do this…is this online, phone etc?
Only after a denial?



Does $300 credit work like plat card with $300 towards delta EC for example?