No More Chase Sapphire Reserve 100k Bonus… Now What?

A hand is holding a Chase Sapphire Reserve Visa Infinite credit card. The card is dark blue with a chip on the left side and the cardholder's name, "Derek S Winter," printed below the chip. The background is a wooden surface.

Chase first announced the Sapphire Reserve and its MEGA 100k bonus last August and took me by surprise! Initially I was not sure how Chase was able to offer a card that provides so much more value than any other credit card available. But then I realized that Chase was promoting this product at a loss, to the tune of about $300 MILLION! Granted, Chase will likely recoup these costs over the product life-cycle… but $300 million!? Yikes!

And that explains why as of mid-March, the public offer on the Chase Sapphire Reserve – both online and in-branch – is now just 50,000 Ultimate Reward points.

A hand is holding a Chase Sapphire Reserve Visa credit card. The card is black with a chip on the left side and the cardholder's name, "DEREK S WINTER," printed at the bottom. The background is a wooden surface.
How great it is to have you in my wallet and 100k points in my account!

It was a good run… while it lasted…

The 100k bonus was not economical for Chase and couldn’t be sustained long-term. The 100k points were enough to get consumers excited about the product, leading to a very positive response and better than expected sign-ups, but now it’s time for Chase to make money.

No More Chase Sapphire Reserve 100k Bonus… Now What?

The 100k offer is gone, but the card is still active in the market and offers some rewarding benefits that you may still be interested in!

Here is a rundown of the card benefits:

  • Sign-up bonus of 50,000 Chase Ultimate rewards after $4,000 spending within 3 months
  • $300 Annual Travel Credit automatically applied to your account – includes airfare, hotel stays and more!
  • Lounge Access – Priority Pass Select (includes guest privileges)
  • $100 Global Entry (or TSA Pre-Check) Fee Credit
  • A $450 Annual Fee (Not Waived), $75 for Authorized Users
  • Redeem Chase Ultimate Rewards for a 50% bonus (compared to 25% with the Sapphire Preferred) through the Chase Ultimate Rewards Portal
  • 1:1 Point Transfer to Chase Transfer Partners
  • 3x Earning on Dining & Travel Expenditures
  • No Foreign Transaction Fees
  • Visa Infinite
The image is an advertisement for the Chase Sapphire Reserve credit card. It highlights the following features:

- 50,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening.
- $300 annual travel credit.
- 3X points on travel and dining.
- 50% more value in travel redemption.
- Elite travel benefits.
- 24/7 access to customer service.

There is a picture of the Chase Sapphire Reserve credit card on the right side of the advertisement. The ad also includes a green button labeled "Apply Now" and mentions that the annual fee is $450.
The new best public CSR offer – what you see is what you get!

Note: If you happen to be a Chase Private Client, Doctor of Credit reports a “60,000 In-Branch Offer for Private Clients Starting March 12.”

Do the Benefits > the $450 Annual Fee?

Now that is something for you to decide! Remember, with the CSR those 50,000 points are worth at least $750 in travel though the Chase Travel Portal – and probably worth even more if transferred to Travel Partners.

Combine that value with some of the other perks and credits offered by the card, you may find yourself concluding 50k points + benefits > fee!

My Personal Advice?

For those able to:

  1. Maximize the $300 annual travel credit
  2. Utilize the TSA PreCheck/Global Entry Waiver
  3. Put significant spend towards the 3x Earning on Dining & Travel Expenditures categories
  4. Visit Priority Pass lounges around the world
The image is a screenshot of a webpage section titled "Travel Benefits." It is divided into three columns:

1. The first column is about a "$300 Annual Travel Credit." It mentions that up to $300 in statement credits annually can be reimbursed for travel purchases such as airfare and hotels charged to the card. There is a green circular graphic with the text "$300 Received" inside it.

2. The second column is about "Airport Lounge Access." It states that the cardholder and authorized users can access 900+ VIP airport lounges worldwide with Priority Pass. It also mentions that select lounges offer amenities such as Wi-Fi, free snacks, beverages, and more. There is a green checkmark with the word "Activated" below it.

3. The third column is about "Global Entry or TSA Pre✓® Fee Credit." It explains that the cardholder can apply for Global Entry or TSA Pre✓® and charge the application fee to the card to receive an automatic statement credit of up to $100.
Don’t ignore these valuable travel benefits!

Then this card may still be worth the $450 annual fee!

However, if you are someone who cannot achieve all or most of the above items, you may want to opt-out of this offer. Instead, consider the Chase Sapphire Preferred – offering the same number of Ultimate Rewards at 50,000, and similar benefits like transfer to travel partners and travel protections, but with an annual fee of just $95 (waived the first year).

A word of caution on both the Reserve and Preferred – the Chase 5/24 Rule is in effect! Make sure you know what this is and know what this means prior to any credit applications with Chase.

The image shows the exterior signage of a Chase bank branch. The word "CHASE" is prominently displayed in large, blue, three-dimensional letters on the building's facade. To the right of the text is the Chase logo, which consists of a blue octagon with a white square in the center. The sky is clear and blue in the background.

Final Thought

The best bonus on the Chase Sapphire Reserve – both online and in-branch – is now 50,000 after $4,000 spending in 3 months.

Whether the steep $450 annual fee (not waived the first year) payment is worth the investment – that is for you and you alone to decide!

All good things must come to an end. But, when one door closes, another one opens! If the current offer on the CSR is not for you, there are plenty of great credit card offers out there!

Did you miss out on the 100k CSR offer? Are you considering a sign-up and the reduced 50k offer?

Comment below or email me at

Happy Travels!


The image shows a simple white line drawing of a paper airplane on a blue circular background.



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