| | Exciting new Sapphire offers | | by Brian Kelly | |  | We knew it might be good, but who knew it was going to be this good? Earlier this week, Chase dropped not one, but two amazing limited-time offers.
Premium travel card gets a refresh
First, the premium Chase Sapphire Reserve® has just had a massive refresh. I had the exclusive on the launch of this card back in 2016, and the welcome offer hasn’t been this high since then. You can earn a best-ever, 100,000-point bonus and a $500 Chase Travel℠ credit after spending $5,000 in the first three months from account opening.
TPG values this bonus offer at over $2,500, based on our June 2025 valuations.
Now, I know some of you might say $795 for an annual fee is high. And I hear you, but let’s look at the value and break it down.
The refresh of this card includes over $2,700 in cardmember value with new statement credits for StubHub, Apple Music, Apple TV+ and DoorDash. When you add up the 100,000 bonus points and the over $2,700 in statement credits, you are looking at over $4,000 in first-year value! This, to me, is a no-brainer, as it will clearly offset the card's annual fee.
New premium business card
The brand-new Chase Sapphire Reserve for Business℠ — Chase’s highly anticipated premium business card — is officially here, and it comes with a juicy limited-time bonus offer that I am definitely applying for:
Earn 200,000 bonus points after spending $30,000 in the first six months of card membership.
This is the first time that any Chase card has had a 200,000-bonus-point offer.
The Ultimate Rewards points alone are worth over $4,000 by TPG’s June 2025 valuations if you maximize them with Chase’s 14 hotel and airline partners like I do, making this one of the most valuable Chase offers we’ve ever seen.
There are luxury travel perks like hotel elite status, lounge access and up to $500 in annual credit for The Edit, which is Chase's premium hotel program, in addition to the $300 annual travel credit.
One of my favorite bonus categories to earn points is unlimited on this card — earn 3 points per dollar spent on advertising purchases made with social media sites and search engines with no cap. I currently split all of that category spending between my American Express® Business Gold Card and Ink Business Preferred® Credit Card, but both have a cap of $150,000 at the higher earning rate.
The value
Don’t get me wrong. As I mentioned in my last newsletter, no one likes to see annual fees go up on any cards, but if you do the math and figure out if the statement credits on one or both of these cards make sense for you, it’s a no-brainer to apply for one.
Chase Ultimate Rewards points are one of our favorite currencies at TPG and for good reason — the sheer number of lucrative hotel and airline transfer partners means you can book lie-flat business-class seats to London on Virgin Atlantic for as low as 29,000 points each way (plus taxes and fees) or take a relaxing vacation at the Grand Hyatt Kauai Resort & Spa or Alila Ventana Big Sur (both Category 8 properties) where off-peak rates start at just 35,000 World of Hyatt points per night.
Who’s eligible?
Chase has changed its rules around holding multiple Sapphire cards. You can now have both the Chase Sapphire Preferred® Card and Chase Sapphire Reserve (the Sapphire Reserve for Business does not affect this rule, and you can be eligible for the Sapphire Business signup bonus even if you've received one on a consumer Sapphire card). However, if you currently have the Sapphire Preferred, you likely won’t be eligible for the Sapphire Reserve bonus. In addition, there are other factors that may affect your bonus eligibility, so make sure you read the rules to know if you might be eligible for a welcome bonus.
Bottom line
If you’re still trying to decide if one of these offers is right for you, check out these additional resources as you consider your options:
Have a great weekend,
BK
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