Chase Sapphire Reserve 80,000-Point Welcome Bonus

If you’ve been waiting for the right time to sign up for one of the most popular travel rewards credit cards, now is the right time.

For a limited time, new Chase Sapphire Reserve® cardmembers can 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 was launched in 2016.

The offer is extremely generous 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 with any of the airlines or Hotel partners of Chase like United or redeem Hyatt.

When the $1,200 welcome bonus is combined with the card’s $300 annual travel credit, new cardholders can spend up to $1,500 on their travels. That’s a great savings amount that can help you keep more money in your pocket as travel prices continue to rise.

Here’s how the new Chase Sapphire Reserve 80,000 point welcome bonus works, more details on what it’s worth and the different ways you can spend it.

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How the Chase Sapphire Reserve 80,000 Points Welcome Bonus works

New Chase Sapphire Reserve cardmembers can earn 80,000 bonus points after spending $4,000 on purchases in the first three months of account opening.

In order to qualify for the welcome bonus, you must meet two requirements:

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

Chase Sapphire Reserve®

  • Reward

    Earn 5x total points on flights and 10x total points on hotels and rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 annually is spent on travel purchases. Through March 2025, earn 3x points on other travel and dining and 1 point per $1 spent on all other purchases, plus 10x points on Lyft rides

  • welcome bonus

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

  • Annual fee

  • Introduction APR

  • Regular APR

  • transfer fee

  • foreign transaction fee

  • credit needed


  • $300 annual travel credit for travel purchases
  • Global Entry or TSA PreCheck application fee credit of up to $100 every four years
  • Access to Priority Pass™ Select lounges at 1,000+ VIP lounges in 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


  • High annual fee, but this can be compensated for by using all the advantages of the card
  • No introductory APR
  • Estimated earned premiums after 1 year: $1,469
  • Estimated earned premiums after 5 years: $3,346

Bonus totals include points earned from the welcome bonus

What 80,000 Chase Sapphire Reserve points are worth

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

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

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

Cardholders also enjoy additional travel perks, including:

  • Up to $300 travel credit per year to offset flights, hotel stays and more
  • $100 credit towards Global Entry/TSA PreCheck fee every four years
  • Access to the Priority Pass Select Lounge (a value of $429)which gives you access to over 1,000 VIP lounges in over 500 cities worldwide
  • For free DashPass (worth about $119) for at least one year up to 31.12St2024)
  • Free year from Lyft pink Membership (worth about $19.99 per month)which includes a 15% discount on car trips, hassle-free cancellations and priority airport pick-up until March 31stSt2025
  • The luxury hotel and resort collection, Receive special benefits such as free room upgrades, early check-in and late check-out at participating hotels
  • travel protectionincluding lost baggage compensation, trip cancellation/interruption insurance, trip delay compensation, travel accident insurance, delayed baggage insurance, travel and emergency assistance services, and emergency evacuation and transport

Reviewing this list makes it clear why Sapphire Reserve is Select’s top travel credit card for luxury travel and is a perennial favorite among frequent travelers.

The best way to spend the Chase Sapphire Reserve Welcome Bonus

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

Book trips 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.

When you redeem your points this way, you get 1.50 cents per point – making them worth 50% more – and you can use the points to pay for future airfare and accommodation booked through Chase’s travel portal. 80,000 points would cover $1,200 worth 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 1:1 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 have been transferred to a travel partner, they may be worth more or less depending on the rules and regulations of the program.

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

Pay yourself back:

Value: 1.50 cents per point

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

For example, the 80,000 point bonus could “erase” $1,200 in meal expenses from your bill.

Gift Cards:

Value: 1 cent per point

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

Gift card redemption minimums vary by retailer, but many cards have a $15 or $25 minimum. Gift cards are mailed, and cardholders have two options: free standard shipping, which takes six to 10 days, or expedited 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 a 1:1 statement credit. For example, you could earn $100 cashback with 10,000 points. Redeeming your rewards for cash back credits isn’t the most cost-effective way to use them, especially when you can use the Pay Yourself Back option where points are worth 50% more.

bottom line

The Chase Sapphire Reserve is a good addition to any frequent traveler’s wallet, especially with the current 80,000 point welcome bonus. The card’s $550 annual fee is easily recouped by taking full advantage of statement credits, travel perks, and 50% appreciation in select award redemptions.

Chase Points do not expire as long as your account remains open and in good standing (not delinquent).

Editorial note: Any opinion, analysis, review, or recommendation expressed in this article is solely that of Select’s editorial team and has not been reviewed, approved, or otherwise endorsed by any third party.


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