Act Quickly: Earn $1,125 Back After Spending $4,000 With This Credit Card
KEY POINTS
- The Chase Sapphire Reserve® has a new, limited-time welcome offer: 75,000 bonus points after you spend $4,000 in the first 3 months.
- You can redeem rewards at $0.015 per 1 point toward Chase Travel bookings, or you can transfer them to Chase's airline and hotel partners.
- This Chase card has a $550 annual fee, but it also has plenty of travel perks, including a $300 annual travel credit and airport lounge access.
It's shaping up to be a busy summer travel season. Most Americans (95%) are planning to travel as much or more than last summer, according to the Summer Travel Index released by TripAdvisor.
If you're planning a trip for this summer or later in the year, you could make it happen for less with a travel credit card. The Chase Sapphire Reserve® is a popular choice, and now is a great time to apply for it. Chase recently increased the welcome offer, so you could earn $1,125 back, but only for a limited time.
On Chase's Secure Website.
= Best
= Excellent
= Good
= Fair = Poor
= Best
= Excellent
= Good
= Fair = PoorOn Chase's Secure Website.
Good/Excellent (670-850)
Intro APR
Purchases: N/A
Balance Transfers: N/A
Regular APR
22.49%-29.49% Variable
Rewards Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases.
5x points on flights and 10x points on hotels and car rentals through Chase Travel℠.
Annual Fee N/A
$550
Welcome Offer Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,125 toward travel when you redeem through Chase Travel℠.
75,000 bonus points
-
This Chase card is your ticket to big rewards on travel spending and dining out, like up to 10x points on spending through Chase Travel, where your points are worth 50% more if you book through Chase Ultimate Rewards. You'll also score excellent perks, like a $300 travel credit, airport lounge access, and a Global Entry/TSA Precheck credit. The annual fee is hefty, but if you can use all its features, this card could be well worth the cost. Read Full Review
-
- Sign-up bonus
- Travel credits
- Airport lounge access
- Travel and dining rewards
- Flexible travel points
- Annual fee
-
- Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,125 toward travel when you redeem through Chase Travel℠.
- $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
- Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
- Get 50% more value when you redeem your points for travel through Chase Travel℠. For example, 75,000 points are worth $1125 toward travel.
- 1:1 point transfer to leading airline and hotel loyalty programs
- Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Member FDIC
How to get $1,125 in value with the Chase Sapphire Reserve®
The Chase Sapphire Reserve® is currently running a limited-time welcome offer of 75,000 bonus points for spending $4,000 in the first 3 months. All you need to do is open this credit card, meet the spend requirement, and you'll receive the bonus points within six to eight weeks.
As far as how you can use those Chase points, you'll have several options. You could:
- Redeem your points for cash back. You get a value of $0.01 per 1 point, so 75,000 points are worth $750. Not bad, but it's possible to do much better.
- Use your points for a Chase Travel booking. With the Chase Sapphire Reserve®, you get a value of $0.015 per point (50% more than the cash back rate). At that value, 75,000 bonus points are worth $1,125 in travel.
- Transfer your points to a Chase partner. Chase has partnerships with over a dozen airlines and hotels, including United, Hyatt, and Southwest. When you transfer points, the value you get for them depends on the travel you end up booking with that airline or hotel partner.
To get the most value for your points, I'd recommend one of the travel redemptions. If you want to keep it simple, you can always redeem your points through Chase Travel. You'll get $1,125 in value from the welcome offer this way.
It's more complicated to transfer your points to Chase's travel partners, but you could get even more value for them. I've scored incredible deals by transferring Chase points to Hyatt for hotel stays and to airlines for business-class airfare. If you want to learn more about this, and using Chase points, check out The Motley Fool's Ascent's guide to Chase Ultimate Rewards points.
More features of the Chase Sapphire Reserve®
The Chase Sapphire Reserve® is a premium travel card with a premium price tag. The annual fee is $550, so it's aimed at travelers who don't mind spending some money for a card with lots of travel perks.
Here's a rundown of some of its most valuable benefits:
- A $300 annual travel credit -- this applies to just about any type of travel purchase you make with your card
- Complimentary airport lounge access with Priority Pass for the cardholder and up to two guests
- Up to $100 every four years as reimbursement for a Global Entry, TSA PreCheck, or NEXUS membership fee
- 3x to 10x points per $1 in bonus categories
- Partner offers with Lyft, DoorDash, and Instacart
Even though this Chase credit card costs $550 per year, you'll get $300 back if you use the annual travel credit. That brings the true cost down quite a bit to $250. You're also getting plenty of other benefits, including unlimited access to Priority Pass airport lounges.
You may want to review our guide to this Chase card's benefits to learn more about what it offers. If you're looking for a more affordable option, the Chase Sapphire Preferred® Card has a $95 annual fee and the same limited-time welcome offer.
A valuable welcome offer from one of the top travel cards
It may have a high annual fee, but the Chase Sapphire Reserve® can also help you save big on travel if you're able to use its benefits. Chase hasn't released information on how long this new welcome offer will last. So if you're interested in this card, it's a good idea to apply soon.
On Chase's Secure Website.
= Best
= Excellent
= Good
= Fair = Poor
= Best
= Excellent
= Good
= Fair = PoorOn Chase's Secure Website.
Good/Excellent (670-850)
Intro APR
Purchases: N/A
Balance Transfers: N/A
Regular APR
22.49%-29.49% Variable
Rewards Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases.
5x points on flights and 10x points on hotels and car rentals through Chase Travel℠.
Annual Fee N/A
$550
Welcome Offer Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,125 toward travel when you redeem through Chase Travel℠.
75,000 bonus points
-
This Chase card is your ticket to big rewards on travel spending and dining out, like up to 10x points on spending through Chase Travel, where your points are worth 50% more if you book through Chase Ultimate Rewards. You'll also score excellent perks, like a $300 travel credit, airport lounge access, and a Global Entry/TSA Precheck credit. The annual fee is hefty, but if you can use all its features, this card could be well worth the cost. Read Full Review
-
- Sign-up bonus
- Travel credits
- Airport lounge access
- Travel and dining rewards
- Flexible travel points
- Annual fee
-
- Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,125 toward travel when you redeem through Chase Travel℠.
- $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
- Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
- Get 50% more value when you redeem your points for travel through Chase Travel℠. For example, 75,000 points are worth $1125 toward travel.
- 1:1 point transfer to leading airline and hotel loyalty programs
- Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Member FDIC
Alert: our top-rated cash back card now has 0% intro APR until 2025
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a lengthy 0% intro APR period, a cash back rate of up to 5%, and all somehow for no annual fee! Click here to read our full review for free and apply in just 2 minutes.
Our Research Expert
Lyle Daly is a freelance writer who has been covering personal finance since 2016.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
Related Articles
View All Articles
By: Brittney Myers | Published on May 10, 2024
By: Dana George | Published on May 13, 2024
By: Chris Neiger | Published on May 24, 2024
By: Christy Bieber | Published on May 13, 2024
By: Lyle Daly | Published on May 14, 2024