For a limited time, new Chase Sapphire Reserve cardmembers can earn 100,000 points and a $500 Chase Travel credit after spending $5,000 in the first three months. The Sapphire Reserve first launched in 2016 with a 100K-point welcome offer, but the $500 travel credit is a big addition and definitely makes the card worth it.

The revamped Sapphire Reserve now includes numerous annual credits, new rewards, a larger welcome offer and a higher fee. None of which make the card worth it to me.

Chase just relaunched its biggest credit card welcome offer. Find out what it's worth, and why you should act fast.