You can earn Chase Sapphire Reserve bonus points by spending $4,000 in the first 3 months your account is open. Meeting this initial spending requirement qualifies you for Chase Sapphire Reserve’s 60,000 points. There are several other ways of earning extra points with the Chase Sapphire Reserve.
Here’s how to earn Chase Sapphire Reserve bonus points:
60,000-Point Initial Bonus: Spending $4,000 in the first 3 months, will get you a considerable 60,000 bonus points. These bonus points will show up in your account 1-2 billing cycles after you reach the spending requirement.
3 points / $1 spent on Travel and Dining: You’ll earn 3 points / $1 on travel after earning your $300 travel credit. A statement credit will automatically be applied to your account after accumulating travel purchases up to this amount. Travel purchases include airfare, hotel stays, timeshares, cruises, car rentals, taxis, parking garages and more. You also get 3 points / $1 spent on dining, including eligible delivery services and takeaway. All non-travel purchases earn 1 point / $1 spent.
10 points / $1 on qualifying Lyft Rides: In addition to the 3 points / $1 spent on travel and dining, Chase Sapphire Reserve offers an additional 7 points for a total of 10 points / $1 on qualifying Lyft products and services purchased through the Lyft mobile application through March 31st
You can only earn the Chase Sapphire Reserve 60,000 initial bonus points once. But the travel and dining bonus points are a benefit you can earn without limit as long as you spend money on those categories.
Chase points are worth 1.16 cents per point, on average. The value of Chase points depends on which Chase credit card you have and how you choose to redeem the points. For example, points from Chase are worth up to 1.25 cents each when redeemed for travel through Chase Ultimate Rewards, and they are worth 1 cent each when redeemed for cash back. … read full answer
One thing worth noting is that the Chase Sapphire Preferred, Sapphire Reserve and Ink Business Preferred credit cards give 25% to 50% more value per point than other Chase credit cards when redeeming for travel through Chase Ultimate Rewards.
Tips for Maximizing the Value of Chase Points
Redeem Points for Ultimate Rewards Travel.
Chase points are worth the most when redeemed for travel through Chase Ultimate Rewards, but you need the right Chase credit card.
Get a Chase Sapphire card.
Chase Sapphire Preferred points are worth 1.25 cents apiece when redeemed for Ultimate Rewards travel, or you could get 1.5 cents per $1 point in value from Chase Sapphire Reserve.
Redeem Chase points regularly.
Chase points do not expire due to account inactivity, but stockpiling points does put you at risk of rewards devaluation. Plus, you won't get to enjoy the fruits of your spending if you don't redeem.
Keep your account in good standing.
If Chase closes your account because of a failure to pay the bill or fraudulent activity, you'll lose any unredeemed points you have saved.
Redeem before closing your account.
Any points you don't redeem before closing your account will be lost.
More specifically, when you redeem for travel through the Chase Ultimate Rewards travel portal, the Chase Sapphire Reserve value is 1.5 cents per point. However, Ultimate Rewards points are valued at 1 cent per point when redeemed for cash back or gift cards. This is the average redemption rate for credit card points. At the other end of the spectrum, Chase Sapphire Reserve points are worth only $0.008 each (100 points = $.80) when redeemed for purchases on Amazon.com.… read full answer
You may also get good value for your Chase Sapphire Reserve points if you transfer them to one of its transfer partners, which include British Airways Executive Club, JetBlue TrueBlue and Marriott Bonvoy, among others. Chase Sapphire Reserve points transfer at a 1:1 ratio, meaning 1 Ultimate Rewards point is worth 1 transfer partner point. How much value you’ll get for your Chase Sapphire Reserve points depends on how much the travel partner’s points are worth. Take note that you can only transfer points in 1,000-point blocks.
The Chase Sapphire Reserve® 100k bonus is not available anymore, as it 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.… read full answer
But after March 2017, you get a bonus of 60,000 points after spending $4,000 in the first 3 months. That’s still one of the biggest credit card bonuses on the market, though. And it’s enough to cover more than a years’ worth of Chase Sapphire Reserve®’s $550 annual fee.
So, at the end of the day, the 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 Chase 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, Chase 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 / $1 spent on all travel and dining purchases as well as 1 point / $1 on everything else. Those points are normally worth 1 cent each, but when redeemed for travel, they’re worth 1.5 cents apiece.
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