Overview
- Chase now offers 150,000 Ultimate Rewards points after $6,000 in purchases within three months for new Sapphire Reserve applicants.
- TPG pegs the bonus at about $3,075, and booking through Chase Travel can return up to 2 cents per point with up to 2.5 cents on select luxury hotels.
- Points transfer at a 1:1 rate to 14 airline and hotel partners, which often produces higher value than cashing out or simple portal bookings.
- The card carries a $795 annual fee but includes a $300 travel credit, airport lounge access, and strong travel protections.
- Chase’s 5/24 guideline and prior-bonus limits affect eligibility, so apply only if you can meet the $6,000 spend without overspending and can use the perks enough to offset the fee.