What happened
Chase has increased the welcome bonus for the Chase Sapphire Reserve credit card. New applicants can now earn 150,000 Chase Ultimate Rewards points after spending $6,000 on purchases within the first three months of account opening. This represents a significant jump from the recent standard offer of 125,000 points and is described as the highest-ever publicly available bonus for the card. A targeted offer of up to 175,000 points existed in late 2025 but is no longer available. The bonus is valued at approximately $3,075 based on TPG's May 2026 valuations of 2.05 cents per point, though value can be higher through transfer partners like Scandinavian Airlines or Swiss, or via the Chase Travel portal with Points Boost