Chase Sapphire Reserve Launches 150,000-Point Welcome Offer

Chase is rolling out a major new offer on the Chase Sapphire Reserve. Starting April 30, new cardmembers can earn 150,000 Ultimate Rewards points after spending $6,000 in the first three months from account opening. That makes this the biggest publicly available Sapphire Reserve bonus we’ve seen so far. 

For readers who have been waiting for a stronger reason to apply, this is the kind of offer that changes the conversation. The previous public offer was 125,000 points after $6,000 in spending, so the new version adds 25,000 more points without raising the spending requirement. This is a major leap forward, not just a routine update.

According to the timing shared for this rollout, the offer is expected to go live online the afternoon of April 30 and in Chase branches starting May 3.

Why This Offer Matters

The Chase Sapphire Reserve has changed a lot since its 2025 refresh. The card now carries a $795 annual fee, but Chase also positions it as a premium travel card with a long list of credits, airport-lounge access, and stronger earning rates than before. The structure of earning rewards is as follows:

• 8x on purchases through Chase Travel,
• 4x on flights and hotels booked direct,
• 3x on dining,
• and the familiar $300 annual travel credit. 

That means this offer is arriving in a very different Sapphire Reserve environment than the old 100,000-point launch era. The card is more expensive, but the welcome bonus is also now more aggressive. The fee is undeniably high, but 150,000 points after $6,000 in spend is strong enough to force a fresh look at the card. 

Is 150,000 Chase Points Actually a Big Deal?

With this bonus, the Chase Sapphire Reserve could be one of the most valuable credit card offers on the market. TPG values the bonus at $3,075 based on its own April 2026 point valuations. 

Please pay attention to the eligibility notifications that appear during the application process, and keep in mind the unofficial “5/24” rule.

The Catch: The Card Is Still Expensive

This is not a beginner card in the traditional sense.

The Sapphire Reserve now has a $795 annual fee, and $195 authorized-user fee. That makes it one of the most expensive mainstream premium travel cards in the market. 

So while the welcome bonus is excellent, should not pretend the fee is irrelevant. This offer is best viewed as:

• a strong entry point for someone who already wanted a premium transferable-points card,
• or a temporary window where the bonus may be rich enough to justify testing the card for a year. 

That is also why some of the better coverage is careful not to oversell it. The opportunity is big, but the annual fee means this is still a card for readers who will actually use lounge access, travel credits, and premium redemptions.

Who Should Pay Attention

This offer is most interesting for:

• travelers who can comfortably meet $6,000 in three months,
• people who value Ultimate Rewards transfer partners,
• and readers who were already considering the Sapphire Reserve but did not love the previous offer. 

It is less compelling for:

• readers who dislike tracking premium-card credits,
• those who would struggle to justify a $795 annual fee after the first year,
• or anyone who cannot naturally meet the spending requirement. 

Bottom Line

The new offer — 150,000 points after $6,000 in spending within three months — is being described across the industry as the best public Sapphire Reserve bonus yet, and the published comparisons support that view. It is richer than the recent 125,000-point version, it keeps the same spending requirement, and it lands at a moment when Chase is clearly trying to reinforce the Reserve’s place in the premium-card market. 

The bonus is excellent. The annual fee is still high. That is the real balance. For the right reader, this is a very strong time to apply. For everyone else, it is still a premium card that needs real ongoing use to make sense.