The Chase Sapphire Reserve 100K Sign-Up Bonus Is Ending Soon

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Update: This offer for The Enhanced Business Platinum® Card from American Express is expired. Learn more about the best available offer here.

The hottest credit card bonus we’ve seen over the past few months (and arguably ever) has been on the new Chase Sapphire Reserve. The card has been offering a bonus of 100,000 Ultimate Rewards points after spending $4,000 within three months.

Not only does the $450 annual fee card have a great sign-up bonus, but it also has a lot of long term perks that make the card worth holding onto, in my opinion. The card offers triple points on dining and travel, a $300 annual travel credit, a Priority Pass membership, the ability to redeem all your Ultimate Rewards points for 1.5 cents each, and much more.

Given the ability to redeem Ultimate Rewards points earned on the card at 1.5 cents each towards the cost of travel, that means the 100,000 points can be redeemed for $1,500 worth of travel. However, you can arguably get even more value out of those points by transferring them to one of the excellent Ultimate Rewards transfer partners, like Hyatt Gold Passport, Korean Air SkyPass, etc.

The card has been around with the 100,000 point sign-up bonus since August, and like all good things, the increased bonus must come to an end.

The last day to apply for the Chase Sapphire Reserve Card online with the 100,000 point bonus will be January 11, 2017. At that point the bonus will be decreased to 50,000 Ultimate Rewards points after completing minimum spend.

However, the Chase Sapphire Reserve will continue to be available in-branch with the 100,000 point sign-up bonus through March 11, 2017.

If you are considering applying for this card, I’d recommend doing so in the coming days. Do keep in mind, however, that the “5/24 rule” applies to the card, meaning those who have opened five or more new card accounts in the past 24 months generally won’t be eligible for the offer.

What does this mean for the Chase Sapphire Preferred?

The number of Chase Sapphire Reserve applications has apparently greatly exceeded Chase’s expectations, and I have to wonder how much it has impacted applications for the Chase Sapphire Preferred.

The Chase Sapphire Preferred® Card is continuing to offer a sign-up bonus of 50,000 Ultimate Rewards points after spending $4,000 within three months, plus an additional 5,000 Ultimate Rewards points when you add an authorized user to the card that makes a purchase within three months.

With the 100,000 point sign-up bonus on the Reserve, I think a lot of people applied who may not otherwise consider a $450 per year card, given how compelling the benefits are.

However, given that the Preferred and Reserve will soon have the same sign-up bonus, I wonder how it will impact which card people apply for.

The Chase Sapphire Preferred is also extremely compelling, and I’d argue it’s the single most lucrative mid-range credit card. It offers double points on dining and travel, no foreign transaction fees, a compelling rewards structure, great travel and car rental protection, etc.

korean-air-747-first-class-4
Redeem your Ultimate Rewards points for Korean Air first class

No Changes to the Ink Preferred bonus for now

Chase has introduced a new business card in the past couple of months as well. Specifically, I’m talking about the Ink Business Preferred℠ Credit Card, which is a $95 annual fee card offering a sign-up bonus of 80,000 Ultimate Rewards points after spending $5,000 within three months.

The card offers triple points on travel, shipping purchases, internet, cable and phone services, and advertising purchases made with social media sites and search engines. On top of that, the card offers some really unique purchase protection, in particular on cell phones.

Sydney-Park-Hyatt - 5
Redeem your Ultimate Rewards points for a stay at the Park Hyatt Sydney

One other 100K sign-up bonus ends in a few weeks

The other card offering a sign-up bonus of up to 100,000 points at the moment is The Enhanced Business Platinum® Card from American Express OPEN, and that sign-up bonus ends on January 25, 2017.

The card’s great perks include a $200 annual airline fee creditaccess to Boingo hotspots10 Gogo passesaccess to American Express Fine Hotels & Resortsaccess to Delta SkyClubs, a Priority Pass Select membership, access to Amex Centurion Lounge, a Global Entry fee creditGold elite status in Hilton HHonors and Starwood Preferred Guest/Marriott Rewards, a 35% refund when you redeem your points using the “Pay With Points” feature, and much more.

So this is another card you can consider if you’re looking for a big bonus but aren’t eligible for the Reserve.

Singapore-Suites-1
Redeem your Membership Rewards points for Singapore Airlines Suites Class

Bottom line

If you’ve been eying the Chase Sapphire Reserve Card, this is your last chance to apply online with the 100K bonus. However, if you’re not able to get in on the offer in time, there are other great cards with sign-up bonuses that don’t seem to be changing soon, including on the Chase Sapphire Preferred® Card and Ink Business Preferred℠ Credit Card.

Do you plan on applying for the Chase Sapphire Reserve before the 100K point bonus is pulled?

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Comments

  1. So sad to see all this cards and bonus… Hey Lucky, any chance for a Portuguese to apply this or other card from other country !? Here the bonus are ridiculous

  2. Does anyone know if the 5/24 rule is to the day or if it is rounded to the month? I’ll be sliding in under the wire in March by a few days…. thanks!!

  3. I’m well over 5/24 and was approved in-branch yesterday after the banker was able to pull up a pre-qualification which wasn’t showing for me online (not Chase Private Client) with a massive line of credit too. Huzzah!

  4. Ben how is the 5/24 rule calculated? I’ve heard that its monthly? If we fall under 5/24 between now and Jan 11 can we apply and be approved? Or better to wait until Feb 1 in branch? Thanks.

  5. Lucky,

    I have the card but am thinking I will wait for my wife to apply until early March. That way, a bit easier to get the 2018 $300 travel credit. Thanks for the heads up!

  6. Several other blogs have indicated 5/24 is done by month. For example, I qualify under 5/24 on January 23, but I need to wait until February to apply. (Fortunately there’s a Chase branch on every corner in my neighborhood.)

    I’m not sure whether applying before you qualify under 5/24, then calling Recon after you qualify, will work. Does anyone have any hard data points on this?

    Also, you need to call Recon within 30 days of denial. (I learned this the hard way….tried calling them after about 45 days. Learned that everything is purged from the system after 30 days.)

    Chase has already extended quite a bit of credit to me. I tried reducing the limit on my IHG card by $10,000, hoping that will facilitate an in-branch pre-approval, or an instant approval, when I apply for CSR in February.

  7. I went into 2 different Chase branches and had issues. The CSR wasn’t listed as one of the credit cards I was eligible for. I was eligible for different cards, but not the CSR. I’m a longtime Chase client with steller credit scores. Both reps called the credit and tech departments but none could figure out why CSR wasn’t showing up on their computers. Anyone else have similar issues?

  8. I went into 2 different Chase branches and had issues. The CSR wasn’t listed as one of the credit cards I was eligible for. I was eligible for different cards, but not the CSR. I’m a longtime Chase client with steller credit scores. Both reps called the credit and tech departments but none could figure out why CSR wasn’t showing up on their computers. Anyone else have similar issues?

  9. I went to a Chase branch yesterday, 3/9/17, and applied and was approved for the CSR. The rep said the 100k offer ends on March 11. Current CSP, Chase Freedom and United MP cardholder. When he looked up my profile he said I was pre-approved. I asked him why I didn’t see that when I checked online and he replied Chase took away online pre-approvals for the Sapphire cards. The whole process took about 20 minutes. When I walked in to the branch and approached him about applying, he said right away “you’re in time for the 100k bonus.” I’ve read elsewhere one should always be coy about applying for a card due to the sign-up bonus.

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