Chase Sapphire – Chase is offering a 150,000-point welcome bonus on the Sapphire Reserve—after $6,000 in purchases within the first three months. But the eligibility rules are strict: prior Sapphire Reserve cardholders (and many people opening several new cards recently) may b
By the time travelers start circling premium rewards cards, the offer is usually the easy part. The hard part is the fine print—especially when the headline number is big enough to change someone’s next trip.
Right now, the Chase Sapphire Reserve is advertising a 150,000 bonus points welcome offer for new cardholders. The path to that total is clear: spend $6,000 on purchases in the first three months from account opening. The Points Guy’s June 2026 valuations put that bonus at $3,075.
But the questions that keep popping up aren’t about the spend threshold. They’re about who is truly allowed to earn it.
The biggest trip-wire is simple: if you have previously held the Chase Sapphire Reserve. you’re likely not eligible for this bonus now. Chase states that previous cardholders may not be eligible. even in cases where someone doesn’t currently have the card or didn’t earn the bonus when they held it before. And if you’re already a current Sapphire Reserve cardholder, you will not qualify for the current 150,000-point bonus.
Chase’s restrictions also appear to limit “workarounds.” Closing or product-changing your Sapphire Reserve is unlikely to make you eligible for the bonus again, given Chase’s Sapphire bonuses across your lifetime. In other words, the card isn’t treating the bonus like a do-over.
That’s where the authorized-user question starts to matter. Being an authorized user on someone else’s Sapphire Reserve does not affect your ability to get your own card and earn the bonus. As long as you’ve never been a Sapphire Reserve cardholder before and meet other eligibility requirements. you should be eligible for the offer.
Chase’s general eligibility rules add more checkpoints for applicants. You can’t currently have a Sapphire Reserve card open. You may not be eligible if you have previously received a Sapphire Reserve bonus. And if you previously had a Sapphire Reserve. you may not be eligible for this offer even if you didn’t earn a bonus on that Sapphire Reserve.
There’s also a pace limit hidden in the credit application landscape. If you have opened five or more new credit cards in the past 24 months. you likely will be declined for a new Chase card. Approval depends on your overall credit profile and your relationship with Chase. Since the Sapphire Reserve is a Visa Infinite card. you’ll need to be eligible for at least a minimum $10. 000 credit line.
Some applicants are also testing how upgrades fit into the rules. If you currently have the Chase Sapphire Preferred and have never held the Sapphire Reserve. you’re likely eligible for the Sapphire Reserve and its bonus. as long as you meet other eligibility requirements such as being under 5/24 and having an adequate credit score. The catch: you have to submit a new application. If you simply upgrade your Sapphire Preferred, you won’t be eligible for the 150,000-point bonus. You can, however, carry both the Sapphire Reserve and the Sapphire Preferred at the same time.
For anyone wondering whether this is a once-in-a-lifetime headline, the answer in the article is blunt: yes. The current 150,000-point bonus is described as the highest publicly available offer the Sapphire Reserve has seen. The Sapphire Reserve’s previous public bonus offered 125. 000 points for the same $6. 000 minimum spending requirement. and that offer is no longer available. It also notes that a highly targeted offer of up to 175. 000 points appeared in late 2025. but that offer is no longer available and wasn’t widely accessible.
If you’re trying to translate points into real travel value. the article leans on the same June 2026 reference point: Ultimate Rewards points are valued by The Points Guy at 2.05 cents apiece. making the 150. 000 points worth $3. 075. Redemption choices matter. If you book through the Chase Travel route. you could potentially get up to 2 cents per point with Points Boost. and a few hotels are eligible for up to 2.5 cents per point through Points Boost. The article also says you typically may get more value by transferring Ultimate Rewards points to one of Chase’s 14 airline and hotel transfer partners. with redemptions potentially exceeding 2.05 cents per point depending on how you use them.
The practical part of the story is how people might actually hit the $6,000 threshold for the full bonus. With the current Sapphire Reserve bonus. you’ll have to spend $6. 000 on purchases in the first three months to earn 150. 000 points. The article lists strategies ranging from buying everything with the new card—including rent and housing costs that can be paid with a credit card—to prepaying bills such as insurance and utilities. and picking up the tab when dining with a larger group. It also mentions donating to charity as one option.
There’s a reminder built into the guidance: make sure you have enough funds in your bank account to pay off your statement balance in full each month, because interest and late fees could reduce the value of your rewards.
The bottom line. as presented. is that this 150. 000-point offer is among the best publicly available deals on the Sapphire Reserve—but eligibility is where the real stakes are. With a $795 annual fee on the line and eligibility rules tight enough to exclude prior cardholders. the decision isn’t just about applying. It’s about confirming you’re the kind of applicant the bonus is designed for.
To learn more and apply, the article points readers to the Chase Sapphire Reserve offer page.
Chase Sapphire Reserve 150 000 bonus points Chase Ultimate Rewards welcome offer Visa Infinite eligibility 5/24 rule authorized user transfer partners Points Boost travel rewards
So basically you gotta be rich rich to get the 150k points? Seems like bait.
I read “150,000 bonus” and thought anyone could just sign up. Then it’s like nope if you had it before even if you don’t have it now?? That’s kinda shady.
Authorized user doesn’t count or whatever? I feel like if your name is on the card then you should get the bonus automatically, no? Like that’s the whole point of being an authorized user.
Chase always does this fine print thing. I saw people “product change” and assumed it would reset like a yearly promo, but nope. Also why is the spending only $6k in 3 months but the bonus is somehow still “hard” to get? Feels like the rules change depending on how many cards you’ve opened, which like… ok but then just say that.