Chase Sapphire Reserve Launches Business Card

The Chase Sapphire Reserve brand has a new addition. They’ve recently introduced the Sapphire Reserve for Business, which keeps the premium travel benefits familiar to existing Sapphire cardholders and offers business owners and entrepreneurs an annual value exceeding $2,500.

The card also features an enticing welcome bonus. After making $30,000 in purchases within the first six months of starting the account, I managed to rack up 200,000 points. Not bad, right?

So, what else can you look forward to with the new Sapphire Reserve for Business?

Spotlight

Cardholders will earn 200,000 points after spending $30,000 on purchases in the first six months.

Our Experts’ Take

The Chase Sapphire Reserve for Business brings considerable value, particularly for business owners who appreciate travel and premium experiences.

Pros and Cons

Here’s a quick look at the advantages and drawbacks:

• $400 in annual statement credits for purchases on ZipRecruiter.
• $300 annual travel credit on the card’s anniversary.
• Global Entry reimbursement of $120 every four years for TSA Precheck or Nexus fees.
• Access to more than 1,300 airport lounges, complete with complimentary Priority Pass Select membership.
• You can transfer rewards to any of Chase’s 14 travel partners.
• Enjoy Platinum Elite status with IHG One until the end of 2027.
• Comprehensive travel and purchase protection suite.
• High annual fees.
• Need for high credit scores.
• Reliance on statement credits for significant value.

Details

The Sapphire Reserve for Business is unique, being Chase’s first business card in the Sapphire lineup. While they offer several business credit cards through Chase Ink, this new card aims for a more premium experience. It’s kind of a direct competitor to offerings like the Amex Business Platinum Card and the Capital One Venture X Business.

With an annual fee of $795, it’s on the steeper side for business cards. However, the benefits offered are said to exceed $2,500 a year, and the welcome bonus is generous—200,000 points for that $30,000 spend in the first six months is quite appealing for those who can reach it.

Additional employee cards are available at no extra cost, providing the same purchase and travel protections but without enhanced perks like lounge access.

Revenue Rate

The Sapphire Reserve for Business allows earning points at various rates:

• 8x points on Chase Travel purchases.
• 5x points on eligible Lyft rides until September 30, 2027.
• 4x points on direct bookings for flights and hotels.
• 3x points with no cap on social media and search engine ads.
• 1x point on all other purchases.

Overall, while some categories overlap with other Chase cards, the Sapphire Reserve distinguishes itself by having no limits on ad spending. The reward on flights and hotels is especially favorable for frequent travelers.

Benefits and Perks

For business owners, the Sapphire Reserve for Business could be worth over $2,500 annually. The value is generally split evenly between travel expenses exceeding $1,300 and business costs above $1,200.

• Up to $500 annual credit for stays at select luxury hotels through Chase Travel.
• $400 in ZipRecruiter credits.
• $300 in annual travel credits.
• Various DoorDash promotions worth up to $300.
• Up to $200 in Google Workspace credits.
• Hefty reimbursements for Global Entry and TSA Precheck.
• Lounge access for the cardholder and up to two guests.

Once you spend $120,000 within a year, additional benefits unlock, including Diamond Elite Status with IHG One and significant credits for travel bookings.

Moreover, the new Point Boost Accelerator lets cardholders redeem Ultimate Rewards points for increased value on select airfares and hotel bookings. Otherwise, redemption is at a fixed rate.