Augusta Stone is a credit cards writer for TPG. She joined the TPG team in 2023 and is excited to take points and miles beginners with her on a journey toward maximizing rewards.
Stephanie Stevens is an associate writer with TPG's credit cards team. She focuses on creating timely credit cards content for TPG readers.
also contributed to this story
August 13, 2026 • 7 min read
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Quick summary
A leading premium travel rewards card currently features a substantial introductory bonus for new applicants.
The card provides a wide array of luxury travel benefits, statement credits and lounge access for primary and authorized users.
It is especially suited for frequent travelers and those who can leverage multiple lifestyle and travel credits.
Eligibility for the introductory bonus is limited by specific rules regarding previous bonuses and recent card openings.
What to consider
Applicants must not have received a welcome bonus on the same product previously, though bonuses on related products may still be available if not previously earned.
Approval is generally restricted if you have opened five or more personal credit cards across all issuers in the past 24 months, due to a commonly referenced application rule.
A strong credit profile is recommended for approval, with additional factors like income and credit history considered.
What you'll miss from the article
A detailed breakdown of statement credits, elite status perks and strategies to maximize the value of the card's benefits.
Generated by AI with support from our editorial team.
New cardholders can currently earn 100,000 bonus points after spending $6,000 on purchases in the first three months from account opening.
Per our August 2026 valuations, this bonus is worth $2,050.
We've seen higher welcome offers on the card in the past, so if you're not in a rush, you may want to wait for an offer of at least 125,000 bonus points. However, if the card fits your needs now, a 100,000-point offer can still provide substantial value.
THE POINTS GUY
How much are 100,000 Chase points worth?
The value you get from 100,000 Chase Ultimate Rewards points depends on how you redeem them.
At the simplest level, 100,000 points are worth $1,000 when redeemed for cash back or statement credits at 1 cent apiece. With Chase Points Boost redemptions, those same 100,000 points can be worth up to $2,000 toward select travel booked through Chase Travel℠.
You can potentially get even more value by transferring your points to Chase's airline and hotel partners. That's why our valuations peg 100,000 Chase points at $2,050, though particularly valuable award redemptions can exceed that.
10 points per dollar spent on eligible Peloton equipment and accessory purchases over $150 (up to $5,000 spent; through Dec. 31, 2027)
8 points per dollar spent on all Chase Travel purchases
5 points per dollar spent on Lyft purchases (through Sept. 30, 2027)
4 points per dollar spent on flights and hotels booked directly
3 points per dollar spent on dining
1 point per dollar spent on everything else
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Plus, the card's multiple statement credits help make up for its $795 annual fee. These include:
$500 in annual statement credits (two up to $250 credits) for bookings of two nights or more made with The Edit, Chase's luxury hotel booking platform
$300 in statement credits for travel purchases each account anniversary year (this credit is flexible and applies to all travel purchases automatically, up to $300)
$300 in annual dining credits (up to $150 biannually) when you dine with restaurants included in the Sapphire Reserve Exclusive Tables program (which can be booked through OpenTable)
$300 in annual statement credits (up to $150 biannually) for concert and event tickets purchased with StubHub and viagogo (activation required; through Dec. 31, 2027)
$420 annually in monthly DoorDash promos (up to $35 monthly; through Dec. 31, 2029; you'll also receive a complimentary DoorDash DashPass subscription through the same date; activation required)
If you've been eyeing the but also hold another personal card in the Sapphire family, such as the (see rates and fees), we have good news: Chase allows cardholders to hold both Sapphire products at the same time.
However, if you are considering holding both cards, you'll want to be aware of Chase's welcome offer eligibility, which limits how many times you can earn a welcome offer.
Per Chase's rules, if you have earned the welcome offer on a card before, you likely cannot earn a welcome offer again with the same card. You can, however, earn welcome offers on more than one Sapphire card.
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For example, if you hold the Sapphire Preferred and previously earned its welcome bonus, you can still earn the welcome offer on the Sapphire Reserve, as long as you’ve never earned a Sapphire Reserve bonus before.
This is a key restriction on earning bonuses within the Sapphire family, so keep it in mind before applying.
Chase's 5/24 rule
You'll also want to consider Chase's 5/24 rule before applying. Although Chase doesn't officially publish this restriction, you'll generally have difficulty getting approved for a new Chase card if you've opened five or more personal credit cards across all issuers within the past 24 months.
Because the Sapphire Reserve is subject to this rule, it's worth checking your 5/24 status before submitting an application.
What credit score do you need for the Chase Sapphire Reserve?
The Sapphire Reserve is a premium rewards card, and we recommend having a good to excellent credit score before applying. Generally, that means a FICO score of at least 670, though having a score in that range doesn't guarantee approval.
Chase will consider other factors when evaluating your application, including your income, credit history and existing relationship with the issuer.
If you've been eyeing a premium travel rewards card, now's a great time to consider adding the to your wallet. It features a generous welcome bonus of 100,000 bonus points, making now the time to apply if it has caught your attention.
The card features an eye-watering $795 annual fee, but if you can maximize the credits it comes with, you'll come out ahead. It offers valuable benefits and provides access to a growing number of top-tier airport lounges. Just be sure to consider your traveling style and how the new statement credits factor into your spending strategy before applying.
By commenting, you agree to our Community Guidelines to help create a positive space for conversation. The responses below are not provided or commissioned by the bank advertiser, our partners, or The Points Guy (“TPG”). They have not been reviewed, approved, or otherwise endorsed by any of these parties. All responses are submitted by individual contributors, and neither the bank advertiser, our partners, nor TPG are responsible for ensuring that all posts and/or questions are answered.
