If you're a Chase Private Client, you might want to check your inbox. A 200,000-point offer on the Sapphire Reserve is making the rounds, but it's not for everyone. Here's what we know and how to see if you qualify.
What exactly is the offer?
Chase is dangling a hefty 200,000-point bonus for the Sapphire Reserve, but only if you're part of a specific group. The offer is targeted to certain Chase Private Client customers, and it requires you to spend $10,000 on the card within the first three months.
There's no public link to apply. Instead, Chase is sending invitations directly to eligible customers. If you didn't get an email, you probably can't get this deal right now.
Why this offer is a big deal
The standard bonus on the Sapphire Reserve is usually much lower, so 200,000 points is about as good as it gets. Those points can be worth thousands of dollars in travel when redeemed through Chase's portal or transferred to airline and hotel partners.
But the catch is that you need to be a Private Client to even have a shot. That status typically requires a hefty relationship with Chase, like $150,000 in combined deposits and investments.
How to know if you're targeted
Check your email inbox, including spam and promotions folders. The subject line might mention a special offer or your Private Client status. If you find an invitation, follow the instructions in the email to apply.
If you're a Private Client but didn't get an email, you could try calling the number on the back of your card or visiting a branch. Sometimes these offers are available in person even if you didn't receive an email.
Should you jump on it?
If you can comfortably meet the $10,000 spend and you'll actually use the points, this is a fantastic deal. The Sapphire Reserve also comes with a $550 annual fee, so make sure you can take advantage of the travel credits and other perks to offset that cost.
Remember that Chase has application rules like 5/24, so if you've opened five or more credit cards in the past 24 months, you might not be approved anyway. And if you've had the Sapphire Reserve before, you may not be eligible for the bonus again.
Bottom Line
- 200,000-point bonus on Chase Sapphire Reserve is targeted to some Private Client customers.
- Requires $10,000 in spend within three months.
- No public link; check your email or visit a branch if you're a Private Client.
- Consider the $550 annual fee and Chase's 5/24 rule before applying.
Common Questions
Can I get this offer if I'm not a Private Client?
No, this specific offer is targeted to Chase Private Client customers. However, there may be other offers available to the general public with lower bonuses.
How do I become a Chase Private Client?
You typically need to have $150,000 or more in combined deposits and investments with Chase. It's best to speak with a Chase representative for exact requirements.
What can I do with 200,000 Chase Ultimate Rewards points?
You can redeem them for travel through Chase, transfer them to partners like United, Southwest, and Hyatt, or use them for statement credits. The value can be 1.5 cents per point or more when transferred.
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