Chase Sapphire Reserve launches highest-ever 150,000-point bonus. Here's how it compares to other cards

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. The Chase Sapphire Reserve® (see rates and fees ) is now offering its highest points-only welcome bonus to date — and with the same spending requirement as its previous offer. This bonus is available online starting Thursday and in Chase branches beginning May 3. While the offer doesn't currently have an end date, these types of elevated bonuses typically don't last long. CNBC Select goes over this newest Sapphire Reserve bonus and how it stacks up against other popular travel rewards credit cards . Spotlight Get more than $3,000 in annual value with Sapphire Reserve. Earn 150,000 bonus points Our expert take The Chase Sapphire Reserve® is a standout premium credit card with plenty of luxury perks and statement credits to justify its annual fee. Pros & cons Access over 1,300 airport lounges worldwide with a complimentary Priority PassTM Select membership, plus every Chase Sapphire Lounge® by The Club with two guests. Up to $300 in annual travel credit each account anniversary year You can transfer rewards to all of Chase's travel partners including World of Hyatt, Southwest Rapid Rewards and many more Top-tier travel and shopping protections High annual fee Requires a high credit score More details Highlights Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff. …