Everything You Need to Know About the New Business Card from Chase
If you’re a small business owner who loves travel perks, flexible rewards, and premium benefits, Chase has just dropped something exciting: the Chase Sapphire Reserve for Business℠. It’s a high-end business credit card designed to bring all the luxuries of the personal Sapphire Reserve to entrepreneurs and business travelers. But is it worth the hefty annual fee? Let’s dive into what this card offers, who it’s for, and whether it might be the next must-have in your wallet.
Chase Sapphire Reserve for Business℠
- 200,000 point welcome offer with $30,000 minimum spend in the first 6 months.
- $300 annual travel credit, $500 Edit credit, $420 DoorDash value, $200 Google Workspace credit, $120 Lyft Credit
- 8x points on Chase Travel, 5x points on Lyft, 4x points on direct flight and hotel bookings, 3x points on social media & search engine advertising, 1x points on all other purchases
Travel Benefits
- Travel credit: $300 annual travel credit (receive a statement credit on any purchase that codes as travel).
- $500 credit for stays with The EditSM: $250 credit twice per year. One during the months of January-June and one during the months of July-December.
- Airport Lounge Access: Access for the cardholder and 2 guests to the Chase Sapphire Lounge® and Priority Pass Lounges.
- $120 Global Entry or TSA PreCheck® or NEXUS Fee Credit: receive up to $120 in statement credits once every 4 years for applications charged to the card.
- Transfer partners: Allows you to transfer any Chase Ultimate Rewards points in your household to a long list of valuable transfer partners
Business Benefits
- $420 DoorDash Value: $120 DashPass membership plus $300 in DoorDash promos (get up to $25 each month to spend on DoorDash, which includes a $5 monthly promo to spend on restaurant orders and two $10 promos each month to save on groceries, retail orders, and more. Available through 12/31/27.)
- $200 Google Workspace Credit: earn up to $200 in annual statement credits on purchases made directly on Google Workspace.
- $400 ZipRecruiter Credit: up to $400 in annual statement credits on purchases made directly with ZipRecruiter
- $120 Lyft Credit: access to up to $10 in monthly in-app credits, up to $120 annually, to use on rides through 9/30/27
- $100 Curated Gift Card Credit: earn up to $50 in statement credits January through June and up to $50 July through December when choosing from a curated collection on giftcards.com/reservebusiness
Additional Protections
- Purchase protection. Covers your eligible new purchases for 120 days from the date of purchase against damage or theft up to $10,000 per item.
- Return Protection: You can be reimbursed for eligible items that the store won’t accept within 90 days of purchase, up to $500 per item, $1,000 per 12-month period
- Trip cancellation and interruption insurance: If your trip is cancelled or cut short by sickness, severe weather and other covered situations, you can be reimbursed up to $10,000 per person and $20,0000 per trip for our pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels.
- Trip delay reimbursement: Benefits kick in if your flight is delayed more than 6 hours or requires an overnight stay, and then you and your family are covered for unreimbursed expenses, such as meals and lodging, up to $500 per ticket.
- Primary rental car insurance: Decline the rental company’s collision insurance and charge the entire rental cost to your card. Coverage is primary when renting for business purposes and provides reimbursement up to $75,000 for theft and collision damage for most rental vehicles in the U.S. and abroad.
- Baggage delay insurance: Reimburses you for essential purchases like toiletries and clothing for baggage delays over six hours by passenger carrier up to $100 a day for up to five days.
- Lost luggage reimbursement: Provides reimbursement up to $3,000 per covered traveler for the cost to repair or replace checked or carry-on baggage that is lost, damaged or stolen during a covered trip.
- Emergency Evacuation and Transportation: If you or a covered traveler are injured or become sick during a trip 100 miles or more from home that results in an emergency evacuation, you can be covered for medical services and transportation up to $100,000.
Cost
The Sapphire Reserve for Business comes with a steep $795 annual fee. To justify the cost, you’ll need to make an effort to maximize the card’s various perks and benefits. If you do take full advantage of them, the value can exceed the fee.
That said, not everyone will want to go through the hassle, which is completely understandable, especially when Chase offers no-annual-fee business cards with generous welcome bonuses and much lower spending requirements. If you’re new to points and miles, I recommend starting with one of the Chase Ink Business cards before considering this one.
Eligibility
Since this is a new card from Chase, almost everyone should be eligible to apply. Applicants will likely need to be under 5/24 in order to qualify and have some sort of small business or side hustle.
Remember, getting approved for a business card is not as difficult as you might think! Check out this post on all of the ways to qualify that you may not have thought of!
Transfer Partners
Probably the most valuable feature of any Chase Sapphire card is the extensive list of Chase transfer partners. Just by having one of the cards in the Sapphire family opens you up to the ability to transfer your points to airline and hotel loyalty programs at a 1:1 ratio. If you have followed me for any length of time, you have probably heard me talk about transferring our Chase points to Hyatt. THIS is the primary reason we keep at least one of these cards open at all times.
Since Chase is the only major bank program that transfers to Hyatt, and Hyatt is one of the BEST points and miles sweet spots for getting huge value for your points, I suggest always keeping one of these cards around.
Here is a complete list of Chase transfer partners:
- Aer Lingus AerClub
- Air Canada Aeroplan
- Air France-KLM Flying Blue
- British Airways Executive Club
- Emirates Skywards
- Iberia Plus
- JetBlue TrueBlue
- Singapore Airlines KrisFlyer
- Southwest Airlines Rapid Rewards
- United Airlines MileagePlus
- Virgin Atlantic Flying Club
- IHG One Rewards
- Marriott Bonvoy
- World of Hyatt
How to Redeem Points
Redeeming points with the Chase Sapphire Reserve for Business is easy and flexible. Whether you’re booking travel through Chase Travel℠, transferring points to travel partners, or redeeming for cash back or gift cards, you’ll have no shortage of options for putting your points to good use.
Here’s a quick look at the kind of value you would get for 200,000 bonus points after spending $30,000 on purchases within the first six months:
Cash back: worth $2,000
Hotel, flights, rental cards or activities booked in the bank travel portal (kind of like Expedia): worth $2,000
Transfer points to travel partners like Hyatt, JetBlue, Virgin Atlantic and more: value varies, but upwards of $4,000-$6,000
Category Earning Rates
With the Chase Sapphire Reserve for Business, you’ll earn points on every purchase you make, with bonus points available in select categories.
- 8x points on all purchases through Chase Travel℠, including The Edit℠
- 5x points on Lyft rides through 9/30/27
- 4x points on flights & hotels booked direct
- 3x points on social media & search engine advertising
- 1x point on all other purchases.
Unique Features
The Sapphire Reserve for Business offers two credit line options: Pay in Full and Flex for Business. While the Pay in Full balance is due each month, the Flex for Business balance allows you to spread payments over time with interest.*
Purchases are initially applied to your Flex for Business balance until you reach its limit. After that, any new purchases will shift to your Pay in Full balance.
Is This Card For You?
I think it depends! It’s definitely not the first business card I would recommend if you’re just getting started. But if you already have the other Chase Ink cards, can meet the $30,000 minimum spend in 6 months, and will make the effort to use all of the credits to recoup the $795 annual fee, I think it could at least be worth having for the first year. 200,000 Chase points are extremely valuable so if you meet the criteria above, this may be a winner for you!
More on our families free travels!
Family vacations were a near impossibility for us not that long ago. But about 5 years ago we discovered credit card points and miles and now traveling several times a year is the norm for us! If you want to learn more about how our family travels for next to nothing, I would love for you to check out my Quick Start Guide to Traveling with Points and Miles. It is a hobby that has forever changed our lives and given us the opportunity to see the world!
More Helpful Points and Miles Tips
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- How We Stayed at an All-Inclusive for FREE
- How to Organize Your Credit Cards
- A Guide to Chase Ink Business Cards
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