Procrastinators be warned: This is the last week you can get a megabonus of 100,000 points from the Chase Sapphire Reserve℠, perhaps the most coveted premium credit card in years.

The big bonus, worth up to $1,500, is available for those who apply in person at a Chase bank branch through March 11, 2017. The online application deadline passed in January.

The biggest credit card story of 2016 was the introduction of the Chase Sapphire Reserve℠, with its planeload of travel benefits and sky-high sign-up bonus. But the bonus was too good to last. As of Jan. 12, 2017, the sign-up bonus was cut in half for online applications.

The current offer for online applications is still generous: New! Earn 50K bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards® .

The card’s other perks and rewards structure are unchanged, as is its beefy annual fee of $450.

Chase Ultimate Rewards points are usually worth a penny per point. But Chase Sapphire Reserve℠ cardholders can get 1.5 cents per point when using them to book travel through Chase. That gives the 100,000-point bonus a value of $1,500.

Cardholders can also transfer points on a 1:1 basis to several airline and hotel loyalty programs. Depending on the value of a point within those programs, the bonus could be worth even more than when booking through Chase.

The rewards structure on the Chase Sapphire Reserve℠ is excellent for a premium card. You’ll earn 3 Ultimate Rewards points per dollar spent on travel and restaurants and 1 point per dollar on all other purchases. Perks include an annual credit of $300 for travel expenses, which effectively reduces the annual fee by two-thirds, as well as a credit of up to $100 once every four years to offset a TSA PreCheck or Global Entry application fee.

The card also provides access to more than 1,000 airport lounges worldwide with its complimentary Priority Pass Select membership.

» MORE: NerdWallet’s best travel credit cards

Information related to the Chase Sapphire Reserve℠ has been collected by NerdWallet and has not been reviewed or provided by the issuer of this card.

Gregory Karp is a staff writer at NerdWallet, a personal finance website. Email: Twitter: @spendingsmart.


The article Last Chance for Chase Sapphire Reserve’s Huge Bonus originally appeared on NerdWallet.