The Chase Sapphire Reserve 100k bonus was a limited-time promotion that ran from August 2016 through March 2017. Cardholders who were approved during that period and spent $4,000 within 3 months of account opening got 100,000 bonus points. And that Chase Sapphire Reserve 100k bonus was worth $1,500 in travel – an incredible deal.
But after March 2017, Chase chopped the Sapphire Reserve 100k bonus in half. You still have to spend $4,000 in the first 3 months. But now you get a bonus of 50,000 points, worth $750 in travel. That’s still one of the biggest credit card bonuses on the market, though. And it’s enough to cover about 1.7 years’ worth of Reserve’s $450 annual fee.
So, at the end of the day, Chase Sapphire Reserve’s 100k bonus is no longer available because it was never supposed to be permanent. It was the equivalent of 35% cash back, and that’s just not sustainable. Chase offered it to build some buzz for the new Sapphire Reserve Card when it was introduced. And since that seems to have worked, they retired that promotion. It’s possible Chase could do another 100,000 point bonus in the future. But don’t count on it.
Fortunately, Sapphire Reserve’s sign-up bonus isn’t the only benefit you’ll enjoy. You’ll also receive a $300 travel credit each year. And you’ll earn 3 points per $1 spent on all travel and dining purchases as well as 1 point per $1 on everything else. Those points are normally worth 1 cent each, but when redeemed for travel, they’re worth 1.5 cents apiece. That’s how the bonus of 50,000 points, normally worth $500, jumps to a $750 value.