The Chase Sapphire Reserve’s largest publicly available welcome offer—150,000 Ultimate Rewards points after $6,000 in purchases in three months—closes June 15 at 9 a.m. ET, giving eligible applicants only a narrow window to lock it in.
By June 15 at 9 a.m. ET, the clock runs out on what Chase Sapphire Reserve applicants have been waiting for: a 150,000-point welcome offer that’s scheduled to disappear with little notice.
The offer requires new cardmembers to earn 150,000 Ultimate Rewards points after spending $6,000 on purchases in the first three months from account opening. For travelers timing their plans around points, the deadline matters just as much as the size of the bonus.
Chase Sapphire Reserve comes with a steep $795 annual fee. but the card is built for people who can use its perks and credits. Cardholders receive a $300 annual travel credit that automatically applies to eligible travel expenses. plus airport lounge access through a network of eight Sapphire Lounges in the U.S. and more than 1,800 Priority Pass lounges worldwide. There are also valuable travel and lifestyle credits, along with strong earning rates on flight, hotel and dining purchases.
The welcome bonus itself can be worth a lot depending on how it’s redeemed. At $3,075 when strategically redeemed for travel through loyalty partners—based on a June 2026 valuation of Chase points—the 150,000-point haul is positioned as the kind of boost that can meaningfully change travel budgets.
That’s not just theoretical. This spring, 105,000 Hyatt points were used for a three-night stay at the Park Hyatt Marrakech in Morocco. The property is about 20 minutes outside the city. and the stay included time spent enjoying the food. sprawling gardens. and a beautiful indoor-outdoor pool complex that made it easy to unwind at the resort. Under Hyatt’s award chart, Park Hyatt Marrakech is a Category 7 World of Hyatt hotel. A standard room can cost between 25. 000 and 55. 000 points per night. which means the 150. 000-point welcome bonus could cover four nights at the property at Hyatt’s moderate-tier pricing of 35. 000 points per night. leaving 10. 000 points left over. Cash rates at the Park Hyatt Marrakech start at over $500 per night and can climb above $700.
Of course, hotels are only one route. Ultimate Rewards points can be transferred to airline and hotel partners. including United MileagePlus. Virgin Atlantic Flying Club and World of Hyatt. They can also be moved to Air France-KLM Flying Blue. where 150. 000 points could be enough for as many as five one-way premium economy flights to and from Europe. depending on route availability through the program’s monthly Promo Rewards. KLM premium economy is described as a comfortable middle ground between economy and business class. with significantly more space and upgraded dining—plus it can be useful when saver-level business-class award seats are hard to find.
Another option is transferring points to Air Canada Aeroplan. In that case. 120. 000 to 150. 000 points could be used for a round-trip business-class ticket to Europe on Star Alliance carriers such as Austrian Airlines. Lufthansa and Swiss. with the pitch being that travelers may only pay taxes and fees out of pocket while crossing the Atlantic in lie-flat seats.
The reason people are paying attention now is simple: this is described as the largest publicly available bonus the card has ever offered, and it has an end date attached. The offer is scheduled to disappear June 15 at 9 a.m. ET, leaving eligible applicants only a short window to take advantage.
The bottom line is hard to ignore—150,000 points, transferable to major airline and hotel programs, paired with perks like the annual travel credit and broad lounge access. If you’ve been thinking about premium travel by points, the deadline is the one detail you can’t negotiate.
Chase Sapphire Reserve 150 000 bonus Ultimate Rewards travel credit Sapphire Lounges Priority Pass Hyatt points Park Hyatt Marrakech transfer partners Air France-KLM Flying Blue Air Canada Aeroplan business class awards
June 15?? I always miss these stupid deadlines.
So you gotta spend $6,000 in 3 months for 150,000 points. I mean that’s like… basically free money right? Or is there some catch with that $795 fee they buried.
Wait is this the one where the points turn into cash if you cancel the card? Because my cousin said those lounge benefits are only for rich people and half the lounges are fake or whatever. Also “June 15 at 9 a.m. ET” sounds like it’s during work hours so like… good luck.
I don’t even travel that much, but 150k points is 150k points right? Like they say it’s worth $3,075 but that’s probably only if you use it the exact right way. Plus $300 credit automatically applies? I tried something like that once and it took forever, then Chase said I did it wrong. Anyway, if it disappears “with little notice” then yeah, scammy vibes.