150,000-point Chase – Chase is offering the Sapphire Reserve a highest-ever public bonus: 150,000 Chase Ultimate Rewards points after $6,000 in purchases within three months. The offer is unusually large, and the stakes are simple—whether you can hit the spend and squeeze enough tr
The Chase Sapphire Reserve is dangling a welcome offer that’s hard to ignore: 150,000 Chase Ultimate Rewards points for new applicants who spend $6,000 on purchases in the first three months from account opening.
For anyone tracking premium travel cards, it’s the scale that stands out. This is being described as the highest-ever publicly available bonus on the Sapphire Reserve. and it arrives after recent offers moved lower—most recently to 125. 000 points with the same $6. 000 minimum spending requirement. though that version is no longer available.
The timing feels urgent because higher-but-targeted variations have appeared in the past and then disappeared again. A targeted offer of up to 175. 000 points was available in late 2025. but it is also no longer available. and there’s no indication it will return. That makes the current public offer more than a bump—it’s the rare. straightforward kind that doesn’t require being singled out.
The bonus is tied to how points are valued and used. TPG’s May 2026 valuations peg Ultimate Rewards points at 2.05 cents each, putting the 150,000-point welcome bonus at $3,075 in value on paper.
Even if you don’t convert that to cash in your head, the mechanics matter. If you use Chase Ultimate Rewards points to book travel through the Chase Travel℠ portal, Points Boost can push value up to 2 cents per point. Under that approach, 150,000 points could be worth up to $3,000.
Chase is also leaning into the hotel side of the equation. The airline-and-hotel logic isn’t the only path—Chase has released a curated list of high-end hotels where you can get up to 2.5 cents per point, potentially changing the math for people shopping for luxury stays.
For travelers who prefer maximum flexibility, the points-transfer option is the other major lever. Ultimate Rewards points can be transferred to 14 airline and hotel partners at a 1:1 ratio. which is often described as the most valuable way to redeem. In that scenario. the welcome bonus alone can translate into far more than $3. 000 when transfer partners line up with the right itinerary.
Real-world examples make the promise feel tangible. Using transfer programs, 150,000 points (plus $22.40) could cover Scandinavian Airlines premium economy for four passengers from New York’s John F. Kennedy International Airport (JFK) to Copenhagen Airport (CPH). listed as 150. 000 points for a cash price value of $14. 862—about 9.9 cents per point. Another example puts Swiss business class for two passengers from Miami International Airport (MIA) to Zurich Airport (ZRH) at 140. 000 points (plus $114.82). valued at $13. 503—about 9.6 cents per point.
There are also long-stay fantasy pitches for people who want something warmer than an airline seat. A beach villa for three nights at the Park Hyatt Maldives Hadahaa is described as requiring 75. 000 points at the lowest rate on a new award chart. with a cash value of $2. 973—about 4 cents per point. And for routes that tend to feel expensive. United premium economy for two passengers from Chicago’s O’Hare International Airport (ORD) to Tokyo’s Haneda Airport (HND) is listed at 130. 000 points (plus $11.20). valued at $4. 829—about 3.7 cents per point.
The offer’s appeal isn’t only the number. Even after the welcome bonus fades, the Sapphire Reserve is described as a premium card with a lounge-and-points combination that keeps it valuable for frequent travelers, despite its $795 annual fee.
Eligibility is where the practical tension shows up. As with most Chase cards, the restrictions are straightforward. If you’ve opened five or more personal credit cards in the past 24 months, you’re unlikely to be approved. And if you’ve earned a Sapphire Reserve bonus before, you’re unlikely to earn another one.
So the real decision isn’t whether the bonus is eye-catching—it is. It’s whether you can make the timing work.
Before applying. the questions are plain: can you comfortably meet the $6. 000 spending requirement in three months. will you get enough value from the Sapphire Reserve’s perks to justify the $795 annual fee. and will you use Ultimate Rewards points effectively—either by transferring to partners or booking through the Chase Travel℠ portal.
The bottom line is that this 150. 000-point welcome offer is being called the best publicly available offer on the Sapphire Reserve seen so far. Based on TPG’s valuations, the bonus alone is worth more than $3,000 before factoring in premium benefits. The recommendation is also clear: if you can hit the spend and keep extracting value after approval. this is the time to apply—because offers like this don’t tend to come around often. and no one is sure how long the window will stay open.
To learn more, read the full review of the Chase Sapphire Reserve, and to apply, use the offer page that states: Earn 150,000 bonus points with the Chase Sapphire Reserve.
Chase Sapphire Reserve 150 000 bonus Ultimate Rewards travel points lounge access transfer partners Chase Travel portal eligibility
150,000 points??? That’s like free money right?
I swear these offers always spike and then vanish. If I miss it, is it just gone forever or does it come back under a different name? Also $6k in 3 months is kinda wild for most people.
Wait so the bonus is only for booking through their portal? I always thought points were points, but now it’s like “value up to” and all that. Either way I don’t trust “2.05 cents each” math, sounds made up like stocks.
150k points for $6k spend… sounds doable, but then they talk about Points Boost and the Chase Travel thing so you end up locked into stuff. I tried one of those “premium travel” cards once and the airline credits were a nightmare, so I’m skeptical. Also 175k in late 2025 and then it’s gone makes it feel like a scam bait-and-switch but whatever.