Rhonda Stewart, WalletHub Loans Analyst
@rhonda
The Chase Sapphire Reserve bonus posts within 6 to 8 weeks after the cardholder meets the spending requirement, in most cases. Sapphire Reserve’s initial bonus is 60,000 points for making at least $4,000 in purchases in the first 3 months after opening the account. The bonus is open only to new cardholders, though. Anyone who’s earned an initial bonus with either Sapphire Preferred or Sapphire Reserve within the last 48 months is ineligible for another bonus.
Once the Sapphire Reserve bonus posts to your account, you can redeem those points for travel, cash back, gift cards, Amazon.com purchases and more. Points are worth 1.5 cents apiece when redeemed for travel through the Ultimate Rewards website compared to 1 cent each toward cash back or gift cards. Points spent toward Amazon.com purchases are only worth 0.8 cents each. Your points never expire, as long as your account is open. If you or Chase close your account for any reason, you will immediately lose any unused points.

Chase Sapphire Reserve®
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