Applications are live! (Learn how to apply here)
I always thought when this day came it would be something like the Ink Reserve, but I was wrong ;-). Now that I see the card, I understand why it is under the Sapphire umbrella. It has much more in common with the newly relaunched consumer Chase Sapphire Reserve® and so the Chase Sapphire Reserve for Business is an evolution of that.
It is now available to new applicants – and with a HUGE bonus offer.
You can click right here for a full card review and to learn how to apply.
This is hugely exciting for business owners, so I want to highlight two big things right up that I confirmed with Chase.
- The Ultimate Rewards points on this card are fully transferable like any of the other Ultimate Rewards cards (except for the Ink Premier®)
- You cannot product change into the card. But you cannot product change any Ink cards (nor any Sapphire cards) into a Sapphire Reserve for Business. You’d probably want the signup bonus if eligible, but in case you are 5/24, it seems you’d be out of luck in getting this card. There is no doubt in my mind that this card is targeted at big spending businesses.
This card is being marketed as a high spending pay-in-full limit that also has Flex for Business, a credit line which allows payments over time with interest.
You’ll notice immediately as you read this that the card mirrors the revamped Chase Sapphire Reserve® card in nearly every way except for the statement credits, which are tailored towards businesses (makes sense!) and that the second tier of benefits comes at $120,000 in yearly spend instead of $75,000 with the consumer version.
In this article
Annual Fee
The Chase Sapphire Reserve for Business sports a $795 annual fee, though employee cards are fee-free. Note that employee cards do not have airport lounge access. There are no foreign transaction fees. Yes, this annual fee is a new high for US business cards, excluding the invitation only Business Centurion Card from Amex.
The Bonus Offer
Chase Sapphire Reserve for Business Bonus Categories
- 8X points on all Chase Travel purchases
- 4X points on flights and hotels booked direct
- 3X points on social media and search engine advertising
- 5X points on Lyft rides through 9/30/27
- 1X points on everything else
Essentially, these are the same as the consumer Reserve card, but with advertising replacing dining as the 3X category.
Chase Sapphire Reserve for Business Card Benefits
- Access to the Chase Sapphire Lounge by The Club network of airport lounges and Priority Pass Select. The primary Chase Sapphire Reserve for Business cardmember can bring two guests per visit for either lounge type.
- Primary Car Rental CDW
- Purchase Protection
- IHG Platinum Status automatically through December 31, 2027. Activation is required by linking IHG One Rewards membership on Chase.com or the Chase mobile app.
- Complimentary access to Reserve Travel Designers with end-to-end travel planning from custom itinerary to trip support.
- Access to The Edit by Chase Travel – an exclusive collection of over 1,100 hand-picked hotels and resorts around the world where Sapphire Reserve cardmembers get complimentary benefits like free breakfast, upgrades (if available) and a $100 property credit.
- Points Boost: This needs more than a bullet point so I have a section below on this, but essentially this will allow you to get 2 cents per point in the travel portal on select premium air and hotel bookings. It will be a rotating set of offers on select airlines and at select hotels. When you search the portal for a flight or hotel destination, Points Boost (2 cent per point) redemptions will appear first and very obviously display the 2 cent per point value. If an Emirates round trip to Milan in Business Class is $5,000, for example, and is being offered as a Points Boost selection, you’d pay 250,000 Ultimate Rewards® points.
- Access to Chase Sapphire Reserve Exclusive Tables on OpenTable, in partnership with the Visa Dining Collection, for primary and employee cards.
Chase Sapphire Reserve for Business Statement Credits – Geared for Businesses
Chase says the card unlocks over $2,500 a year in total value with all credits used. It’s a split between travel and business services credits. Let’s take a look:
Travel
- $300 annual travel credit (the same as we know and love, applied automatically towards any travel purchase each anniversary year).
- $120 Global Entry, TSA Precheck or Nexus credit every four years
- $500 credit for stays with The Edit by Chase Travel: Cardmembers get up to $250 in statement credits from January through June and again from July through December for prepaid bookings made with The Edit. Cardmembers can enjoy complimentary benefits like a $100 property credit, daily breakfast for two, room upgrades (if available) and more. This benefit is not available for employee cardmembers. Two-night minimum required. Purchases that qualify will not earn points.
Business Services
- $400 ZipRecruiter hiring credit: Earn up to $400 in annual statement credits on purchases made directly with ZipRecruiter, up to $200 in statement credits January through June and up to $200 in statement credits July through December.
- $200 Google Workspace credit toward a suite of AI-powered business tools: Earn up to $200 in annual statement credits on purchases made directly on Google Workspace.
- $100 Giftcards.com credit for flexible employee appreciation: Cardmembers can earn up to $100 annually in statement credits (up to $50 from January to June and $50 from July to December) when purchasing gift cards from a curated collection of notable brands on giftcards.com/reservebusiness.
- $300 DoorDash value and $120 DashPass membership for DoorDash: DashPass members get access to up to $25 in monthly promos, which includes a $5 restaurant promo and two $10 promos to spend on groceries, beauty, electronics and more. These promos must be applied at checkout when placing an order on DoorDash with the use of a Sapphire Reserve for Business card enrolled in DashPass. If a promo is not used (applied to an order) each month, it will not carry over to the next month. Cardmembers get complimentary access to DashPass with a value of $120 for 12 months. Activate by 12/31/27.
- $120 in annual Lyft in-app credits, up to $10 monthly.
For Really High Spending Businesses: Benefits Earned After $120,000 in Annual Spend
- IHG One Rewards Diamond Elite Status for the year earned and the following year.
- Southwest Airlines A-List Status for the year earned and the following year and a $500 Southwest Airlines credit when booked through Chase Travel
- $500 credit to The Shops at Chase
Points Boost
Cardmembers can use Points Boost to get the maximized value on premium air cabin tickets and hotels, including The Edit by Chase Travel that will be redeemable at a rate of 2 cents per point. While this card is new and so Points Boost isn’t replacing anything per se, this is instead points of having a 1.5 cents per point value like the old version of the Sapphire Reserve had and is on par with what the consumer Chase Sapphire Reserve now has.
Card Design in Detail
If you are really into seeing the card from every angle, I did an unboxing of the cards on the MilesTalk YouTube channel which I plan to do more on in the near future:
My Take
I think they made some really interesting decisions with this card which on balance is a card full of benefits and credits for business owners.
If you book a lot of air and hotel travel for your business, the 8X booked via Chase or 4X booked directly is massive – and I do not see a limit on that so if booking a ton of employee travel, I could see this rack up into the millions of points a year for some businesses!
Like with the consumer card, the super flexible $300 cardmember year annual travel credit basically knocks the effective annual fee down to $495.
If you use Google Workspace, that’s a very easy $200 back (you may be surprised how many businesses, including mine, use Google Workspace for email) and much more. I know I pay over $200 a year.
The GiftCards.com is a “gimme” $100 back. Meant for employee appreciation, it takes very little effort to recoup that $100 of your annual fee.
If you leave your Lyft account set to this card, you’re earning 5X through Dec 2027 and also grabbing that $10 a month / $120 a year back.
Book two two-night stays at Edit collection hotels and that’s another $500 back (just remember it’s $250 each half of the year!).
If you don’t already have the personal Chase Sapphire Reserve (and I honestly don’t see a ton of reason to have both given the considerable overlap), this card gets you access for you and two guests to Chase lounges and Priority Pass lounges. If you don’t have guest access another way, that’s real value (which I can’t define for you in $$’s)
And while I don’t personally use ZipRecruiter, I assume many businesses do! And I’d also assume that $400 would get eaten up rather quickly.
Long story short, the fee looks (and IS massive).
However, even if you break even on credits which seems pretty easy to do and then some, you are unlocking unlimited 4X on your airfare and hotels booked direct and have the option to earn 8X on all travel via Chase Travel. That can really scale your points earn rate.
I would have loved to have seen 3X on dining in addition to the advertising category. None of Chase’s business cards have a multiplier for dining and that’s a pretty big business expense for many businesses. It might nudge you outside the Chase ecosystem on dining purchases. Similarly, I would have loved to have seen 3X for gas. This leaves me using an American Express Business Gold for 4X on dining and gas.
I’m sure the math dictated a limit on bonus categories and the market research landed them here – but personally the card could have become my primary, top-of-wallet, business card with those additional categories.
That said, there is NO CAP on the 3X on social media and search engine advertising (as opposed to the Ink Preferred’s $150,000 a year cap on 3X spend) so if you spend big time in that category this card will have you absolutely swimming in points.
That’s my personal take, but I’m sure you have many more – so let’s hear them!
Once again, the bonus offer is
Is that a ton of spend? YES. But think about if you are a business owner spending $10,000 a month on Google ads. You’d get the bonus in 3 months plus 3X on the spend – i.e. 290,000 points!
Learn how to apply here. There is also an even more complete card review with all benefits at that link.
(The above link supports MilesTalk if you are approved – thank you! And if you have any questions, I’m here to help!)
Thoughts?
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You can find credit cards that best match your spending habits and bonus categories at Your Best Credit Cards.
New to all of this? My “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available on Amazon and at major booksellers.
