AwardWallet receives compensation from advertising partners for links on the blog. The opinions expressed here are our own and have not been reviewed, provided, or approved by any bank advertiser. Here's our complete list of Advertisers.
One of the most well-rounded premium travel rewards cards just got a counterpart built for business owners. In response to growing demand for such a product, Chase launched the Sapphire Reserve for Business℠ (Rates & Fees). Like the personal version, it comes with a high annual fee and a lengthy list of benefits that can easily outweigh the cost. And it's now open to new applicants!
Here’s what you need to know about the new card — and its massive 200,000-point welcome bonus — to help you decide if it’s worth applying for now that it's available.
- Earn 200,000 bonus points after you spend $30,000 on purchases in your first 6 months from account opening and with more than $2,500 in annual value, there's no competition.
- Earn 8x points on Chase Travel℠ for airline tickets, hotels, including The Edit℠, car rentals, cruises, activities and tours.
- Earn 5x total points on Lyft rides through 9/30/27.
- Earn 4x points on flights & hotels booked direct.
- Earn 3x points on social media & search engine advertising.
- Get the most flexible travel credit compared to any other card, with up to $300 in statement credits each anniversary year on travel purchases.
- Enjoy complimentary access to the Chase Sapphire Lounge® by The Club network and Priority Pass™ Select membership. Two guests may accompany the Primary Cardmember to the lounges free of charge.
- Member FDIC
- Rates & Fees
- 8X points on all Chase Travel℠ purchases
- 5X total points on eligible Lyft rides through 9/30/2027
- 4x points on flights and hotels booked directly
- 3x points on advertising purchases made with social media platforms and search engines
- 1 point per dollar on all other eligible purchases
Page Contents
Earn 200,000 Bonus Points With the Sapphire Reserve Business
Chase has an excellent lineup of Ink small business cards, and it just got even better. On June 23, 2025, the issuer launched its newest (and priciest) small business card: the Sapphire Reserve Business.
As you’d expect, it comes with a massive welcome bonus. New applicants for the card can earn 200,000 bonus points after you spend $30,000 on purchases in your first 6 months from account opening.
Related: Getting a Small Business Credit Card Is Easier Than You Think — Here’s How to Apply
What is this Sapphire Reserve Business welcome bonus worth?
The welcome bonus on the Sapphire Reserve Business is incredibly lucrative. After meeting the minimum spending requirements, you’ll earn 200,000 bonus Ultimate Rewards points on top of the points you’ll already earn by spending within the card’s bonus categories.
To put this offer into perspective, AwardWallet users redeem Chase points for an average of 1.95¢ each. That means this 200,000-point bonus is worth approximately $3,900 toward award travel!
And you can potentially unlock even more value by strategically using Chase's transfer partners such as United MileagePlus and World of Hyatt.
Why Get the Sapphire Reserve Business?
The Sapphire Reserve Business is the new crown jewel of Chase’s small business credit card lineup, thanks to its headline benefits and premium price tag, which we’ll cover in more detail shortly. Here’s a look at the card’s perks, broken down by category:
This card comes with several travel-related benefits, including complimentary elite status, airport lounge access, and hefty statement credits.
- $300 travel credit (qualifying purchases do not earn Chase points)
- Up to a $120 credit for Global Entry, TSA PreCheck®, or NEXUS every four years
- $500 annual The Edit credit ($250 bi-annually)
- Complimentary IHG One Rewards Platinum Elite status through December 31, 2027 for the primary cardmember (not available for employee cardmembers).
- Airport lounge access, including Chase Sapphire Lounges by The Club and over 1,300 Priority Pass lounges (primary cardmember can bring two guests).
- Comprehensive travel protections
- Access to Chase Sapphire Reserve Exclusive Tables on OpenTable
Business statement credits
The Sapphire Reserve Business also offers a handful of business-related statement credits, and a few of them are pretty unique.
- $400 ZipRecruiter credit ($200 bi-annually)
- $200 Google Workspace credit
- $100 Giftcards.com credit ($50 bi-annually)
- $300 in annual DoorDash promos ($25 monthly) and complimentary DashPass membership (valued at $120 annually); promos must be used each month and do not roll over
- $120 in annual Lyft credits, up to $10 per month, plus 5X total points on eligible Lyft rides through September 30, 2027
Business benefits
But wait, there's even more for businesses. Here’s a look at the additional benefits designed specifically for business owners:
- Dual credit lines: Cardmembers can access both a Pay in Full line, which requires the balance to be paid off each month, and a Flex for Business line, which allows for payments over time with interest
- Purchase protection and fraud monitoring to help safeguard your spending
- Dedicated business customer service team available seven days a week
- 24/7 Visa Infinite Concierge support for booking dining, entertainment, and travel
Benefits unlocked with eligible spending
Businesses that spend $120,000 in a calendar year can unlock additional benefits. Here’s what becomes available once your organization hits that threshold:
- IHG One Rewards Diamond Elite Status
- Southwest Airlines A-List status, plus a $500 Southwest credit (valid on Southwest flights booked through Chase Travel℠)
- $500 credit to The Shops at Chase — a new platform where you can use cash or Ultimate Rewards points to shop brands like Dyson, Tumi, and more
Earning rates and redemption options
The Sapphire Reserve Business is an Ultimate Rewards-earning card. Here’s how many points you’ll earn on different types of business purchases:
- 8X points on all Chase Travel℠ purchases
- 5X total points on eligible Lyft rides through 9/30/2027
- 4x points on flights and hotels booked directly
- 3x points on advertising purchases made with social media platforms and search engines
- 1 point per dollar on all other eligible purchases
Just like the personal version of the card, business owners can transfer points to Chase’s 14 airline and hotel partners, use points for purchases through The Shops at Chase, or redeem them for gift cards, merchandise, or travel, with Chase Travel redemptions offering up to 2¢ per point.
The “up to 2¢ per point” rate comes from the card’s access to a new feature called Points Boost, which offers enhanced value on select flights and hotel stays booked through Chase Travel. Eligible redemptions in the portal will be clearly marked, while all others will offer 1¢ per point.
Points Boost replaces the fixed 1.5¢ per point redemption rate that has long been a hallmark of the personal Sapphire Reserve.
Sapphire Reserve Business annual fee
If you add up all the statement credits and account for the full suite of benefits, you’ll arrive at a big number, which might leave you wondering what the cost is for all of this. The Sapphire Reserve Business comes with a $795 annual fee.
It goes without saying that this is a major expense, even if it can be justified. It’s also a good bit more expensive than most other premium business credit cards.
Add employee cards for $0
Cardholders can add employee cards for $0. These cards earn rewards for the business and include the same purchase and travel protections as the primary card.
Sapphire Reserve Business Application Restrictions
The Sapphire Reserve Business is a brand-new card, so details about application restrictions are still somewhat limited. That said, here’s what we do know.
- You need a small business to qualify for a business card, but it doesn't take much. You may be eligible if you run an Etsy store, resell on eBay, or have a side hustle doing freelance work.
- There is no restriction on applying for this card if you already hold other Chase business cards.
- As with all Chase cards, you will not be approved if you have opened five or more personal credit cards from any issuer in the past 24 months. While business cards do not count against this number, you still need to be under 5/24 to qualify.
Related: Understanding Rewards Credit Card Application Rules and Restrictions
Our Take on the Sapphire Reserve Business
Chase touts that the new Sapphire Reserve Business offers “over $2,500 in annual value.” That’s a big number — one that's a few times bigger than the card’s $795 annual fee. On paper, it might seem like a no-brainer, but that doesn’t mean it’s the right fit for every business.
If your business spends heavily on flights, hotels, or advertising through social media and search engines, this card can deliver serious value. And if you can take full advantage of the unique statement credits and travel perks, it could easily justify its place in your wallet.
But if your business can’t commit to the big annual fee or won’t make use of the card’s credits, then the advertised annual value doesn’t mean much.
On balance, it’s a compelling new card that rounds out Chase’s excellent portfolio of small business products. But like any premium credit card, it won’t be the right fit for every business. For the right business owner, though, the value is tough to beat.
- Earn 200,000 bonus points after you spend $30,000 on purchases in your first 6 months from account opening and with more than $2,500 in annual value, there's no competition.
- Earn 8x points on Chase Travel℠ for airline tickets, hotels, including The Edit℠, car rentals, cruises, activities and tours.
- Earn 5x total points on Lyft rides through 9/30/27.
- Earn 4x points on flights & hotels booked direct.
- Earn 3x points on social media & search engine advertising.
- Get the most flexible travel credit compared to any other card, with up to $300 in statement credits each anniversary year on travel purchases.
- Enjoy complimentary access to the Chase Sapphire Lounge® by The Club network and Priority Pass™ Select membership. Two guests may accompany the Primary Cardmember to the lounges free of charge.
- Member FDIC
- Rates & Fees
- 8X points on all Chase Travel℠ purchases
- 5X total points on eligible Lyft rides through 9/30/2027
- 4x points on flights and hotels booked directly
- 3x points on advertising purchases made with social media platforms and search engines
- 1 point per dollar on all other eligible purchases
For rates and fees of the cards mentioned in this post, please visit the following links: Sapphire Reserve for Business℠ (Rates & Fees)
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
