As of October 1, 2026, Chase is emailing some Chase Sapphire Preferred cardholders a targeted offer to upgrade to the Chase Sapphire Reserve and earn 75,000 bonus points after $4,000 in spending. It's targeted, so check your inbox for it, and go by the deadlines printed in your own offer.
Deal Details
- The offer: 75,000 Ultimate Rewards points after you spend $4,000 within the window your offer sets, once you upgrade from the Preferred to the Reserve.
- Who gets it: selected Sapphire Preferred cardholders, by email. It's targeted.
- Read the fine print: some cardholders received an upgrade email with no bonus points attached. Check that yours names the 75,000 points before you accept.
- The cost: the Reserve's annual fee is $795, per Chase's card page.
How to Take Advantage
- Search your inbox for a Chase email offering an upgrade to the Sapphire Reserve.
- Confirm the bonus, the spending amount and the deadlines in that offer.
- Upgrade through the offer link, then put $4,000 of normal spending on the card before your deadline.
Why This Deal Matters
The public route to the Reserve is a new application, and Chase's application page currently offers 100,000 points after $6,000 in the first 3 months. That page also says Chase may consider how many cards you've opened and closed when deciding bonus eligibility. An upgrade changes the card you already hold instead of opening a new account, which is why it appeals if you've opened a lot of cards lately.
The catch is the fee. Going from the Preferred to the Reserve means paying $795 a year. The Reserve gives back value through credits like the $300 annual travel credit and up to $500 a year in credits for prepaid stays with The Edit, but only if you'd use them. Say the travel credit is the only one you'd use. Then the rest of the $795 is what you're paying for lounge access and higher earning, and the 75,000 points are the reason to try it for a year.
Our Sapphire Preferred vs. Reserve comparison walks through which card fits which traveler, and our Sapphire Preferred review covers what you'd be giving up. If you're weighing the move for transfers, see our note on the Chase to Hyatt ratio change.
Who Should Take It
Take the upgrade if your email includes the 75,000 points, you'd spend $4,000 in the window anyway, and you'd use enough of the Reserve's credits to justify $795 a year. Skip it if your offer has no bonus or the fee would sit unused. Either way, check the Sapphire Reserve details before you decide.
