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Chase just raised the bar on business cards, bringing the prestige of the consumer Sapphire Reserve into the business world. A premium business card has been noticeably absent from Chase’s card lineup, and the Chase Sapphire Reserve for Business℠ is shooting for the moon with rich rewards, benefits and a welcome bonus that are just as jaw-dropping as its annual fee.
Chase Sapphire Reserve for Business Limited-Time Offer
Newly approved cardholders stand to earn an astronomical 200,000 bonus points after spending $30,000 on purchases in the first six months from account opening. The spending requirement may seem high, but it breaks down to $5,000 per month. That’s not out of bounds for many business owners, especially if they have a large purchase or two to mix in.
An offer that high takes some of the sting out of the $795 annual fee, but you’ll have to evaluate the card’s long list of benefits to determine if it’s a long-term keeper.
Sapphire Reserve for Business Card Benefits
The Sapphire Reserve for Business offers over $2,500 in credits and benefits geared toward travel and business services. That’s well over the cost of the annual fee.
Chase Sapphire Reserve for Business Travel and Lifestyle Benefits
- $300 annual travel credit. Like the credit offered on the consumer Sapphire Reserve, this one is extremely flexible and applied automatically after eligible purchases.
- $500 annual credit with The Edit. Book stays with The Edit by Chase Travel and get reimbursed up to $250 semi-annually (January to June and July to December). The Edit also includes a $100 property credit, daily breakfast for two and room upgrades when available on eligible stays.
- Airport lounge access. Enroll in a complimentary Priority Pass Select membership and get access to the Chase Sapphire Lounge by the Club network. Cardholders are entitled to two guests per visit.
- IHG One Rewards Platinum Elite status. Primary cardholders get automatic status that includes things like free upgrades and late checkout when available.
- Up to $120 trusted traveler credit. Every four years get statement credit toward Global Entry, TSA PreCheck or NEXUS application fees.
Business Benefits for the Chase Sapphire Reserve for Business
- $120 Lyft credits. Earn up to $10 of in-app Lyft credit monthly.
- $300 in DoorDash value. Get up to $25 in monthly promos applied to your DoorDash account (includes a $5 restaurant promo and two $10 promos for nonrestaurant items).
- Up to $120 value for DashPass membership. Complimentary DashPass membership that offers free delivery and lower fees for one year when activated by December 31, 2027.
- $400 ZipRecruiter hiring credit. Purchases made directly with ZipRecruiter earn up to $200 in statement credits semi-annually (January to June and July to December).
- Up to $200 Google Workspace credit toward AI-powered business tools. Make purchases directly with Google Workspace to earn the statement credit.
- $100 Giftcards.com credit. Earn statement credits of up to $50 semi-annually (January to June and July to December), for purchases at giftcards.com/reservebusiness.
- Free employee cards. There’s no charge for employee cards. They don’t get all the perks of a primary cardholder, but employee cards do earn rewards at the same levels and get the same travel and purchase protections.
Big business spenders that charge $120,000 or more to the card each year get additional benefits through the following calendar year, including:
- IHG One Rewards Diamond Elite status
- Southwest Airlines A-List status
- $500 in Southwest Airlines credit booked through Chase Travel
- $500 credit for the Shops at Chase
Expect the same best-in-class travel and purchase protections offered on the Sapphire Reserve, with one notable addition: The Chase Sapphire Preferred for Business adds cellphone insurance protection.
Chase Sapphire Reserve for Business Rewards
Earning rewards is getting a big update, with cardholders now earning:
- 8 points per dollar on Chase Travel purchases
- 5 total points per dollar spent on eligible Lyft rides (through Sept. 30, 2027)
- 4 points per dollar on flights and hotels booked direct
- 3 points per dollar on social media and search engine advertising
- 1 point per dollar on all other purchases
Rewards can be redeemed for cash back, 1:1 transfers to Chase’s airline and hotel partners or used to make Chase Travel bookings.
With the new Points Boost for bookings made through Chase Travel, cardholders will have the opportunity to receive up to a 100% bonus on the value of their points (i.e., a points value of up to 2 cents per point). That’s up from the 50% bonus that booking with a Sapphire Reserve card has historically gotten for Chase Travel purchases. However, Chase Travel points bookings that aren’t eligible for these Points Boost offers will receive a value of 1 cent per point.
Eligibility for the Chase Sapphire Reserve for Business
Chase doesn’t specify a credit score, but as a premium card, the Sapphire Reserve for Business will likely require excellent credit for approval. That would mean you’d need a FICO Score of 800 or better to have a good chance of approval.
Chase will now allow cardholders to get more than one Sapphire card at a time. This is a big shift, and it means customers who hold the consumer Sapphire Preferred or Sapphire Reserve card may be able to be approved for the Sapphire Reserve for Business.
Since this would mean holding multiple cards with fees and some overlapping benefits, however, it may be a better choice to add a no-annual-fee Chase card, like the Chase Freedom Flex®, into the mix. This would allow you to earn bonus rewards in categories where the Sapphire Reserve for Business only earns 1X.
How Does the Sapphire Reserve for Business Compare?
The Sapphire Reserve for Business now has the highest annual fee among its top two competitors—the $695 annual fee on The Business Platinum Card® from American Express (rates & fees) and the much lower $395 Capital One Venture X Business (rates & fees).
Like the Amex Business Platinum, the Sapphire Reserve for Business offers a “coupon book” of credits to help compensate for the annual fee. In contrast, the Venture X Business keeps things simple and lucrative with an earning rate of 10 miles per dollar on hotels and rental cars and 5 miles on flights and vacation rentals booked through Capital One’s travel booking site and 2 miles per dollar on every purchase. All three cards offer a travel credit, but the Sapphire Reserve for Business is the only one that doesn’t require booking through the issuer’s travel portal to earn the credit.
Is the Chase Sapphire Reserve for Business Worth It?
The 200,000-point welcome bonus offered on the Sapphire Reserve for Business is the highest ever seen on a Chase card, and it may never be that high again. If you’ve been considering a premium business card, this one might top the list now because even with its high annual fee, there are enough credits and benefits to make the math work in your favor.
To view rates and fees for The Business Platinum Card® from American Express please visit this page.