Chase is offering 100,000 Ultimate Reward Points when you apply Chase Sapphire Reserve Card and spend 4,000 in the first 3 months.
The card also offers $300 Annual Travel Credit as reimbursement for travel purchases such as airfare and hotels charged to your card.
The card has a $450 Annual FEE.
The math for the first year:
100k UR points is equivalent to $1,500 in travel + $600 in Travel Credit ($300 for each calendar year) – $450 in annual fee = $1650 in Travel Benefits.