Chase Sapphire Reserve’s 100k-point offer with $500 travel credit ends Aug. 21

Prospective applicants should check their eligibility for this bonus since there have been changes in restrictions following a recent refresh of the card.

The $500 Chase Travel credit may appeal to travelers who do not have loyalty to a specific hotel brand or those who prefer booking through a travel portal. It also benefits those interested in boutique properties outside major chains. This is the first time such a travel credit has been included with an offer on this card.

"The promotional credit is valid for a one-time use only, if you apply the promotional credit to a transaction less than $500, you will forfeit the remaining balance."

Chase Ultimate Rewards points can be transferred to 14 airline and hotel partners, including Air Canada Aeroplan, Air France-KLM Flying Blue, British Airways Club, and World of Hyatt. Redemption options include flights such as round-trip premium economy tickets to Rome via United MileagePlus or business-class flights through Virgin Atlantic Flying Club and stays at hotels like Hyatt Regency Maui Resort and Spa.

"If you're hoping to secure the current bonus on the Chase Sapphire Reserve (see rates and fees), time is ticking — quickly."

Other features of the Sapphire Reserve include purchase protection, travel insurance, an annual $300 flexible travel credit, competitive earning rates on purchases, and statement credits for travel and lifestyle expenses.

"Once you've confirmed this [eligibility], check out these details to know what you'll earn with this current Sapphire Reserve bonus."

The current sign-up offer will expire soon; interested consumers should consider applying before Aug. 21 at 9 a.m. EDT.

For more information about this product and its features: https://thepointsguy.com/credit-cards/chase-sapphire-reserve/