Chase Sapphire Reserve 80,000 Point Welcome Bonus


It’s your last chance to take advantage of one of the best credit card sign-up bonuses of the year.

New Chase Sapphire Reserve® cardholders can currently earn 80,000 bonus points after spending $4,000 on purchases within the first three months of account opening. This is the biggest welcome bonus since the 100,000 point bonus offered by Chase when the card launched in 2016.

This high offer will end before the end of the day on November 30, so you will need to act quickly if you want to take advantage of it.

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Chase Sapphire Reserve high welcome bonus

Chase Sapphire Reserve®

  • Awards

    Earn 5X total points on flights and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 spent on travel purchases per year. Earn 3 X points on other trips and restaurants and 1 point per dollar spent on all other purchases, plus 10 X points on Lyft rides through March 2025

  • welcome bonus

    Earn 80,000 bonus points after spending $4,000 on purchases within the first 3 months of account opening

  • annual subscription

  • Introduction AVR

  • Regular APR

  • Balance Transfer Fee

  • foreign transaction fees

  • Credit needed

Advantages

  • $300 annual travel credit for travel purchases
  • Global Entry or TSA PreCheck application fee credits up to $100 every four years
  • Priority Pass™ Select lounge access in over 1,000 VIP lounges in over 500 cities worldwide
  • Points are worth 50% more when redeemed for travel through Chase Ultimate Rewards®
  • Special Benefits at The Luxury Hotel & Resort Collection
  • Free Year of Lyft Pink Membership

The inconvenients

  • High annual fees, but they can be offset by taking advantage of all the benefits of the card
  • No introductory APR
  • Estimated rewards earned after 1 year: $1,469
  • Estimated awards earned after 5 years: $3,346

Total rewards include points earned through welcome bonus

Chase Sapphire Reserve’s high welcome bonus is 80,000 bonus points after spending $4,000 on purchases within the first three months of account opening.

This is an extremely generous offer, as those 80,000 bonus points are worth $1,200 when redeemed through the Chase Travel portal or the Pay Yourself Back tool and potentially even more if you transfer the points and redeem with one of Chase’s airline or hotel partners like United or Hyatt. .

From Dec. 1, the card will revert to its standard bonus of 60,000 points.

What are 80,000 Chase Sapphire Reserve points worth?

Sapphire Reserve points are worth 50% more when redeemed for travel through the Chase Ultimate Rewards travel portal or as statement credit with the Pay Yourself Back feature. So 80,000 bonus points can be worth up to $1,200 and will “wipe” restaurant and Airbnb purchases from your statement.

When redeemed for direct cash back outside of Pay Yourself Back, the 80,000 points are worth $800.

In addition to offering a sizable welcome bonus, Sapphire Reserve also offers a generous rewards program: 5 X points on flights and 10 X points on hotels and car rentals when you purchase through Chase Ultimate Rewards® (immediately after the first $300 has been spent on travel purchases each year); 3X points on worldwide travel and dining and 1X points on all other purchases. Plus, earn 10X points on Lyft purchases through March 2025.

Cardholders also enjoy additional benefits, including:

  • Up to $300 annual travel credit to offset flights, hotel stays and more
  • $100 credit for Global Entry/TSA PreCheck fees every four years
  • Access to the Priority Pass Select lounge (a value of $429)giving you access to over 1,000 VIP lounges in over 500 cities worldwide
  • Free DoorDash Dash Pass (worth approximately $119) for at least one year until December 31st, 2024), which offers free delivery and a reduced service charge on food delivery. More get $5 in DoorDash credits every calendar month while enrolled in DashPass until 12/31/2024.
  • Free Unlimited access Lyft Rose Membership (valued up to $199 per year) up to two years, plus a 50% discount for the third year (membership automatically renews each year), which includes ride discounts, flexible cancellations and more
  • The Luxury Hotels and Resorts Collection, giving you special benefits, such as free room upgrades, early check-in and late check-out at participating properties
  • Travel coverageincluding lost baggage reimbursement, trip cancellation/interruption insurance, trip delay reimbursement, travel accident insurance, baggage delay insurance, travel and emergency assistance services and l evacuation and emergency transport
  • Purchase protectionsincluding purchase protection, return protection and extended warranty protection

Reviewing this list clearly shows why Sapphire Reserve ranks as Select’s best travel credit card for luxury travel and is still a favorite among frequent travelers.

Don’t miss: Top 5 Chase Sapphire Reserve Card Perks

The Best Way to Spend the Chase Sapphire Reserve Welcome Bonus

There are many ways to redeem your Chase Sapphire Reserve bonus points, but some methods offer more value than others.

Book travel through Chase Ultimate Rewards

Value: 1.50 cents per point

Maximize the 80,000 points in your Chase Sapphire Reserve by redeeming them to book travel through the Chase Ultimate Rewards portal.

Redeeming your points this way gives you 1.50 cents per point, making them 50% more worth, and you can use the points to cover future airfare and accommodation booked through the Chase travel portal. 80,000 points would cover $1,200 of expenses booked through the Chase travel portal.

Transfer Points to a Chase Travel Partner

Value: 1:1 ratio

You can also transfer your points for a 1:1 ratio to any of Chase’s 13 travel partners in the Ultimate Rewards program. These partners include 10 airlines: Aer Lingus, British Airways, Emirates, Flying Blue (Air France/KLM), Iberia, JetBlue, Singapore Airlines, Southwest, United and Virgin Atlantic; and three hotel chains: Hyatt, IHG and Marriott.

Once your points are transferred to a travel partner, they may have more or less value depending on the rules and regulations of the program.

For example, you can transfer 80,000 points to Hyatt and book two nights at the luxurious Park Hyatt New York, where rooms typically cost over $1,000 per night. Another option would be to transfer your points to Virgin Atlantic and book a business class flight from the US to Japan on ANA for as little as 90,000 miles. round trip.

Reimburse yourself

Value: 1.50 cents per point

Chase’s Pay Yourself Back tool increases the value of Ultimate Rewards points by 50% on select qualifying purchases. For example, you can currently redeem points for spending on Airbnb, restaurants, certain charities, and annual membership fees, though these categories may change over time.

For example, the 80,000 point bonus could “wipe” $1,200 in restaurant fees from your statement.

Gift cards

Value: 1 cent per point

You can use your points to buy gift cards at restaurants, department stores or for entertainment services. The value of a point is worth a penny, so, for example, a $50 Under Armor gift card would cost 5,000 points. Sometimes Chase will offer a sale on gift cards, discounting them by 10%.

Minimum gift card redemption amounts vary by merchant, but many cards have $15 or $25 minimums. Gift cards ship, and cardholders have two options: free standard shipping, which takes six to 10 days, or rush shipping, which costs $10 and takes three to six days.

cash back

Value: 1 cent per point

Chase’s cash back option allows cardholders to redeem their points in the form of statement credit at a 1:1 value. For example, 10,000 points could earn you $100 cash back. Redeeming your rewards for cash back statement credits isn’t the most cost-effective way to use them, especially when you can take advantage of the Pay Yourself Back option where points are worth 50% more.

How to Qualify for the Chase Sapphire Reserve Welcome Bonus

To qualify for the Chase Sapphire Reserve Welcome Bonus, you must meet two eligibility requirements:

  1. You currently have no Sapphire card (Preferred or Reserve); and
  2. You have not received a new card member bonus for a Sapphire card in the last 48 months

At the end of the line

If you don’t already have the Chase Sapphire Reserve in your wallet, now is the time to apply. The card’s generous 80,000 point bonus will end on November 30.

Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff alone and have not been reviewed, endorsed or otherwise endorsed by any third party.

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