A new offer for the Chase Sapphire Reserve credit card has been introduced, surprising many in the points and miles community. The card is now providing 125,000 Chase Ultimate Rewards points to new cardholders who spend $6,000 within the first three months of opening their account.
This marks the highest welcome bonus ever offered on this card. Previously, the largest public bonus was 100,000 points along with a $500 Chase Travel credit after spending $5,000 in the first three months—a promotion that ended just hours before the announcement of this new offer. When the Sapphire Reserve was first launched in 2016, it also featured a six-figure welcome bonus, but since then typical offers have ranged between 60,000 and 80,000 points.
According to The Points Guy’s August 2025 valuations, redeeming 125,000 Chase points through transfer partners could yield more than $2,500 in value. “By awarding 125,000 bonus points after hitting the card's spending requirement, this offer is the highest number of welcome bonus points we've ever seen on this card,” The Points Guy stated.