Updated $795 Chase Sapphire Reserve offers best-ever welcome bonus: 100K points, $500 travel credit
A long-awaited overhaul to the premium Chase Sapphire Reserve® (see rates and fees) has officially arrived — and with a limited-time, best-ever welcome offer: New Sapphire Reserve cardholders can earn 100,000 points and a $500 Chase Travel℠ credit after spending $5,000 in the first three months.
Notably, the annual fee has also increased to $795 (previously $550). There are new statement credits and perks, along with changes to the earning structure that will affect how you can get the most value out of your card. Plus, a refreshed card design.
With its updated benefits, the revamped Sapphire Reserve is said to offer more than $2,700 in annual value — ideally offsetting the high annual fee, if you use all the credits and benefits. Let's dive into all the details on the Sapphire Reserve's overhaul.
On Chase's site
On Chase's site
Get more than $2,700 in annual value with Sapphire Reserve.
Excellent740–850
20.24% - 28.74% variable
$795
Earn 100,000 bonus points + $500 Chase TravelSM promo credit
See rates and fees. Terms apply. Member FDIC.
Read our Chase Sapphire Reserve® review.
The Chase Sapphire Reserve® is a standout premium credit card with plenty of luxury perks and statement credits to justify its annual fee.Either $5 or 5% of the amount of each balance transfer, whichever is greater
For a limited time, new Chase Sapphire Reserve cardmembers can earn 100,000 points and a $500 Chase Travel credit after spending $5,000 in the first three months. The Sapphire Reserve first launched in 2016 with a 100K-point welcome offer, but the $500 travel credit is a big addition and definitely makes the card worth it.
The overhauled Chase Sapphire Reserve annual fee is $795, up from $550.
Authorized users can be added for $195 per person, up from $75 each, and will also receive complimentary access to the Priority Pass lounges, a feature that other cards have been removing.
The card changes are active for new cardholders who apply and are approved on or after June 23. Sapphire Reserve cardholders pre-June 23 will be charged the new annual fee on their next card renewal on or after Oct. 26, 2025.
The revamp of the Chase Sapphire Reserve comes with a bunch more statement credits, plus perks like complimentary hotel elite status — notably all at the cost of a $245 increase in the annual fee.
When using your credit at The Edit properties, cardmembers who stay at least two nights will also get complimentary benefits like a $100 property credit, daily breakfast and room upgrades when available. Purchases that qualify will not earn points.
With the refreshed Sapphire Reserve, new perks that cardholders can unlock after spending $75,000 on the card in a calendar year include:Chase has adjusted how cardholders earn points while spending on their Chase Sapphire Reserve.
We're loving the first two changes, but the third came as a bit of a shock. Previously, the 3X points on all travel purchases had great flexibility as it included spending on subways, parking costs, road tolls, vacation homes, cruises and more.
Replacing the 50% redemption boost through the Chase Travel portal is a new points accelerator program called Points Boost.
Points Boost will allow eligible cardmembers to redeem their Ultimate Rewards® points for up to 2X value when booking select airlines and hotels through Chase Travel. Otherwise, it's a fixed 1 cent per point.
If you were a Sapphire Reserve cardholder before June 23, any points earned prior to Oct. 26, 2025, can still be redeemed for either 1.5 cents per point or for 2 cents per point through Points Boost, up to two years (Oct. 26, 2027).
Beyond the Chase Sapphire Reserve, other premium travel cards on the market include those from Amex and Capital One.
If you enjoy statement credits but are looking for different partner benefits or transfer partners, The Platinum Card® from American Express could be a good fit. The card comes with over $1,500 in value through partnerships with Uber, Resy, Walmart+ and more. There's a $695 annual fee.
The card comes with elevated hotel status for both Marriott Bonvoy and Hilton Honors, along with access to the American Express Global Lounge Collection, with more than 1,400 airport lounges across 140 countries.
On the American Express site
On the American Express site
The Amex Platinum Card provides access to Amex Centurion Lounges, Delta Sky Clubs® , Lufthansa Lounges, Escape Lounges and more. (Enrollment required)
Good to Excellent670–850
See Pay Over Time APR
$695
You may be eligible for as high as 175,000 Membership Rewards® Points
See rates and fees, terms apply. Read our Amex Platinum Card review.
The Platinum Card® from American Express is a premium card loaded with annual statement credits, entertainment benefits, extensive airport lounge access, elite status perks and more. (Enrollment required for select benefits mentioned)N/A
None
The Capital One Venture X Rewards Credit Card comes with a $395 annual fee, which is on the lower end for a premium credit card. The Venture X offers some similar benefits to the Chase Sapphire Reserve, with a $300 travel credit for purchases made through Capital One Travel and a credit for Global Entry or TSA PreCheck. The card grants access to both Capital One and Priority Pass lounges, plus you'll earn 2X miles on all purchases outside of the card's bonus spending categories.
Earn your rewards in a cryptocurrency of your choice with over 60 to select from.
Excellent740–850
19.99% - 29.24% variable APR
$395
Earn 75,000 bonus miles
Terms apply. Read our Capital One Venture X Rewards Credit Card review.
The Capital One Venture X Rewards Credit Card is a premium credit card with a myriad of benefits and a lower annual fee than other high-end cards with similar features.$0 at the Transfer APR, 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you
$0
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At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every credit card article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit card products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.

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