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Can You Get the Chase Sapphire Reserve Bonus Again? (Plus: Is the New 150K Offer Worth It?)
July 1, 2025
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The Chase Sapphire Reserve® just dropped its highest-ever public welcome offer: 150,000 bonus points after spending $6,000 in the first 3 months. Before you apply, there's one question we hear constantly: can you get the bonus if you've had the CSR before? Here's everything you need to know.
The Short Answer: Probably Not (But Read On)
Chase has moved to a once-per-lifetime rule for each Sapphire product. If you've ever earned a welcome bonus on the Sapphire Reserve specifically, you're most likely ineligible, even if you closed the account years ago.
This replaced the old 48-month rule, which let you re-earn the bonus after four years. That policy is gone.
Here's how eligibility breaks down:
- Had the CSR before and earned its bonus? You're likely out.
- Currently hold any Sapphire card? You can now actually hold both the Chase Sapphire Preferred® Card and Sapphire Reserve at the same time. If you have the Preferred and have never earned a CSR bonus, you're eligible for this offer.
- Only ever had the Sapphire Preferred? You can apply for the CSR and earn the bonus. This is a meaningful unlock for longtime Preferred holders.
- Only ever had the CSR? You may be eligible for the Sapphire Preferred bonus instead.
- Downgraded your CSR to a Chase Freedom card? That doesn't reset your CSR eligibility.
The good news: Chase now shows a pop-up during the online application if you're ineligible, before a hard pull hits your credit report.
Note: Chase's 5/24 rule still applies. If you've opened five or more new credit cards across any issuer in the last 24 months, you may not be approved
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Why This Matters Right Now: The 150K Offer
If you are eligible, this is the moment.
The Chase Sapphire Reserve is currently offering 150,000 bonus points after spending $6,000 on purchases in the first 3 months from account opening. That's the highest publicly available offer the card has ever had.
To put it in perspective:
- The previous offer was 125,000 points for the same spend requirement
- A targeted 175,000-point offer surfaced briefly in late 2025 and is no longer available
- At approximately 2 cents per point, this bonus is worth $3,000+ in travel value
- If you redeem at The Edit properties via Points Boost, that same bonus can be worth up to $3,750
Same spend requirement. 25,000 more points. There's no reason to wait.
One more note: This offer is also available via referral link, which earns the referrer 15,000 bonus points if you're applying through a friend.
What Can You Actually Do With 150,000 Points?
- Chase Travel portal via Points Boost — ~$3,000 in travel
- The Edit by Chase Travel (Points Boost, select properties) — up to $3,750
- World of Hyatt (3 nights, Park Hyatt Maldives) — $2,800+
- Air Canada Aeroplan: Swiss business class for 2 (MIA to ZRH) — ~$13,500 in flights
- Virgin Atlantic: SAS premium economy for 4 (JFK to CPH) — ~$14,800 in flights
- Cash back / statement credit — ~$1,500
Transfer partners, including Hyatt, United, Air Canada Aeroplan, and Virgin Atlantic, are where UR points deliver the most value, often far beyond the portal rate. Chase lets you move points 1:1 to 14 airline and hotel loyalty programs.
How the Card Earns Points
- 8x points on all purchases through Chase Travel, including The Edit
- 4x points on flights booked direct
- 4x points on hotels booked direct
- 3x points on dining worldwide
- 1x points on all other purchases
One important nuance: points on travel purchases don't start accruing until after your first $300 in travel spend each year, since that amount goes toward the travel credit first.
Is the Chase Sapphire Reserve Worth It in 2026?
The $795 annual fee is real. But the card is built to offset it, and then some. Here's the full breakdown of what you get.
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What to watch out for:
- Requires excellent credit (typically 740+) for approval
- Some benefits require enrollment to activate
- Complex rewards structure worth understanding before you apply
- Points on travel purchases don't accrue until after the first $300 in travel spend each year
Who Should Apply Right Now?
Apply if:
- You've never earned a CSR welcome bonus before
- You currently have the Sapphire Preferred, but have never earned a CSR bonus
- You can comfortably hit $6,000 in spend within 3 months
- You travel frequently enough to use the $300 credit and lounge access
- You're under Chase's 5/24 limit
- You plan to maximize points through transfer partners or The Edit
Skip it if:
- You've previously earned the CSR bonus (you won't be eligible)
- You're at or near 5/24
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Frequently Asked Questions
What credit score do you need for the Chase Sapphire Reserve?
Generally, 740+ (excellent credit) for approval.
Can I get the CSR bonus if I already have the Chase Sapphire Preferred?
Yes, as long as you've never earned a CSR-specific bonus before. Chase recently changed the rules so you can now hold both Sapphire cards simultaneously, and each carries its own once-per-lifetime bonus eligibility.
Can I get the CSR bonus again if I had it 5+ years ago?
Under the current once-per-lifetime rule, probably not. Chase will show a pop-up during the application before any hard pull if you're ineligible.
Does downgrading my CSR to a Freedom card reset my bonus eligibility?
No. Product changes don't reset Sapphire bonus eligibility.
Can I get my offer matched if I applied at a lower bonus amount?
Based on recent data points, Chase has been denying match requests from the 125K offer to the new 150K offer. It's worth calling, but don't count on it.
How does the $300 travel credit work?
It automatically applies to eligible travel purchases, including airfare, hotels, and ground transportation. No activation needed. Note that points on travel purchases don't accrue until after this $300 is used each year.
What is The Edit by Chase Travel?
The Edit is Chase's curated collection of premium hotel properties. Bookings there unlock the highest points redemption values via Points Boost, making it one of the most valuable ways to use your UR points.
How do I maximize Chase Ultimate Rewards points?
Transfer to airline and hotel partners (Hyatt, United, Aeroplan, Virgin Atlantic, and 10 others) at a 1:1 ratio, or redeem through Chase Travel. Booking at The Edit properties via Points Boost can get you up to $3,750 from the 150K bonus alone.
Can authorized users access the same benefits?
Most benefits extend to authorized users, including Priority Pass Select membership and travel protections. Note there is a $195 authorized user fee.
What is Reserved by Sapphire?
An exclusive program offering access to in-demand events, curated hotel stays, and lifestyle experiences for cardholders.
How does trip delay coverage work?
If your flight is canceled or delayed by 6 or more hours, you're covered for up to $500 per covered traveler for lodging, meals, and alternative transportation. Coverage extends to your spouse, domestic partner, and children under 26, and applies to award tickets as long as taxes and fees were charged to your Sapphire card.
How does the welcome offer work exactly?
Earn 150,000 bonus points after spending $6,000 on purchases in the first 3 months from account opening. Points typically post within 1 to 2 billing cycles after hitting the spend threshold.
Is this the best time to apply?
If you're eligible and the card fits your lifestyle, yes. This is the highest publicly available offer the CSR has ever had, and elevated offers like this don't last indefinitely.
Bottom Line
The 150,000-point offer on the Chase Sapphire Reserve is the best publicly available offer we've seen on the card. For eligible applicants who travel regularly and can put $6,000 in spend to work, this is a compelling moment to act. If you use even half the available credits in year one, the math works clearly in your favor.
Not sure if you qualify? Start the application online. Chase's pop-up will tell you before any hard pull goes through.
Already have the CSR? Use Kudos to make sure every swipe is working as hard as possible.
Unlock your extra benefits when you become a Kudos member
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Editorial Disclosure: Opinions expressed here are those of Kudos alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
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