Time is Running Out for the Chase Sapphire Reserve Bonus
If you’re looking to take advantage of a lucrative offer, now is the time to act. The current bonus on the Chase Sapphire Reserve is set to expire soon, and there’s a limited window to apply and secure the rewards. New cardholders can earn 100,000 bonus points plus a $500 Chase Travel promo credit after spending $5,000 in the first three months from account opening. This opportunity will be available until August 21 at 9 a.m. EDT, so if you’re considering applying, it’s essential to make a decision soon.
The promotional credit comes with some specific terms. It is valid for one-time use only, and if you apply it to a transaction less than $500, you’ll forfeit the remaining balance. Understanding these details is crucial to maximizing the value of this offer.
Chase Ultimate Rewards points are highly valuable, currently worth 2.05 cents apiece according to TPG’s August 2025 valuations. This makes them one of the most valuable rewards currencies available. Additionally, many redemption options could yield a higher rate than this valuation, making the points even more appealing.
When factoring in the total value of the promo credit, this offer is worth up to $2,550, which is an impressive return for the Sapphire Reserve’s $795 annual fee. If you like what you’ve read, it’s wise to act before the deadline.
Before applying, ensure that you’re eligible for the bonus. There have been changes to the eligibility criteria since the card’s recent refresh. Once you confirm your eligibility, review the details to understand what you’ll earn with this current bonus.
Who Benefits from the $500 Chase Travel Credit?
One unique aspect of the Sapphire Reserve’s current offer is the $500 Chase Travel promo credit. This credit is valid for one-time use, meaning you must spend at least $500 in a single Chase Travel purchase to get its full value.
This benefit could be particularly useful for several types of travelers:
- Those who aren’t loyal to a specific brand and wouldn’t miss out on elite benefits for booking through a portal
- Travelers who appreciate the simplicity of a travel portal
- Individuals looking to book boutique properties outside of major chains
This is the first time we’ve seen a Chase Travel credit included with an offer in the card’s history. If you’re someone who would find this benefit valuable, applying for the card before the deadline is a smart move.
What You Can Earn with the Bonus
The current offer includes 100,000 Chase points, which are worth up to $2,050 based on TPG’s August 2025 valuations. These points can be used in various ways, including transfers to high-value loyalty programs such as Air Canada Aeroplan, Air France-KLM Flying Blue, British Airways Club, and World of Hyatt.
Some of the redemption options include:
- One round-trip premium economy flight to Rome via United MileagePlus
- One one-way Qatar Airways Qsuite flight to Doha via British Airways Club
- Three one-way business-class flights to or from London via Virgin Atlantic Flying Club
- Up to five nights at the Hyatt Regency Maui Resort and Spa in Hawaii
- Up to five nights at the all-inclusive Secrets St. Lucia Resort & Spa
If you prefer not to transfer your points, you can still get up to 2 cents per point for select redemptions made in the Chase Travel portal with Points Boost. The value depends on the specific redemption you choose, but there are plenty of opportunities to find solid returns.
Why the Sapphire Reserve Is Worth It
Beyond its welcome bonus, the Sapphire Reserve offers a range of premium perks that make it a valuable addition to any wallet. These include:
- Extensive purchase protection and travel insurance
- A flexible $300 annual travel credit
- Lucrative earning rates
- Valuable statement credits for travel and lifestyle purchases
Having a transferable rewards credit card is an excellent way to safeguard your points against devaluations within certain loyalty programs. With the Sapphire Reserve, you can move your points to a specific partner as soon as you decide on a redemption.
The current 100,000-point offer with a $500 Chase Travel promo credit after meeting the minimum spend requirements will end on August 21 at 9 a.m. EDT. If you believe you’ll find significant value in this travel credit, now is the perfect time to apply.
For more information, check out our full review of the Chase Sapphire Reserve.
