Chase Sapphire Preferred holders can now target Reserve bonus

Chase Sapphire – Chase’s Sapphire Reserve is offering a best-ever welcome bonus of 150,000 points after $6,000 in purchases within the first three months of account opening. If you currently hold the Sapphire Preferred, you may still be eligible—provided you’ve never held (or

The math is hard to ignore: the Chase Sapphire Reserve® has rolled out what it calls its best-ever welcome bonus—150,000 bonus points after spending $6,000 on purchases in the first three months of account opening.

Chase valuing it at travel isn’t the point; the timing is. The offer is worth $3. 075 in travel based on TPG’s June 2026 valuations. and it arrives at the exact moment many Sapphire Preferred cardholders are asking the same question: if they already have the sister card. can they still add the Reserve?.

The answer, for most current Sapphire Preferred holders, is yes. If you’ve never held or previously earned a bonus on the Sapphire Reserve, you are eligible now. That remains true even if you currently hold the Sapphire Preferred Card and have earned its bonus.

For readers weighing whether to make space in their wallet, the perks fueling the decision aren’t small. The Chase Sapphire Reserve is built around a flexible $300 annual travel credit. The card’s statement credits can also be maximized for StubHub purchases through Dec. 31, 2027 (activation required), a detail that matters to anyone who actually buys tickets—not just points.

One caveat stands out clearly: the eligibility doesn’t depend on whether you already have the Sapphire Preferred. It depends on your history with the Sapphire Reserve itself. If you’re in the position of a Sapphire Preferred holder who has never had the Reserve or earned its bonus—like someone who has held the Sapphire Preferred since 2023 and has never held the Sapphire Reserve—then the Reserve’s current welcome offer is a realistic target.

Before you click submit, though, Chase’s other requirements still matter.

Chase’s 5/24 rule is the big gatekeeper. If you’ve opened five or more new credit cards from any issuer in the past 24 months, you will more than likely be declined for the Sapphire Reserve (or any Chase card, for that matter). Chase typically doesn’t factor business cards into this count.

You also can’t currently have an open Sapphire Reserve card.

And even if you’ve never held one before, you may still run into limits tied to previous earnings. You’re unlikely to earn another Sapphire Reserve bonus if you’ve already earned a bonus on the Sapphire Reserve. And if you previously held the Sapphire Reserve. you may not be eligible for its current offer. even if you didn’t earn a bonus on it the first time.

Finally, there’s the credit-history requirement. Chase asks for adequate credit history, and the recommendation here is a credit score of at least 740 to qualify.

Put together, the path is fairly straightforward: holders of the Sapphire Preferred can be eligible for the Reserve’s welcome offer as long as they’re under 5/24, have a credit profile strong enough to qualify, and—crucially—have never held the Sapphire Reserve or earned its bonus.

Bottom line: the Sapphire Reserve is running the highest welcome offer in its history. If you’re a Chase Ultimate Rewards fan and you already carry the Sapphire Preferred. this is one of the clearest moments to consider upgrading—so long as you meet the Reserve-specific eligibility rules and Chase’s 5/24 and credit requirements.

Apply here: Chase Sapphire Reserve

Chase Sapphire Reserve Sapphire Preferred welcome bonus 150 000 bonus points 5/24 rule travel credit StubHub statement credits credit score 740