The is getting a major makeover, and it’s a doozy. The card, which made a splash when it launched in 2016 with a then-unheard-of 100,000-point bonus, is pushing the envelope once more by hiking its annual fee,

The Chase Sapphire Reserve® just got significantly more expensive to carry – but a huge sign-up bonus may make the new $795 annual fee easier to swallow. Read on for more details on the card's most valuable offer of all time and how it could justify opening a new account.

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.