Chase Sapphire Reserve Business Credit Card Review
Key Takeaways
The Chase Sapphire Reserve Business card is the first high end business card offered by Chase. The hefty $795 annual fee is the highest on the market (and is the same as the revamped Chase Sapphire Reserve personal card). That fee can easily be recouped in the first year with the 200,000 point signup bonus (that comes after spending $30,000 in the first six months) and $300 annual travel credit. You’ll have to read more about the various coupon style of credits the card offers as benefits to see if the annual fee is worth it after the first year.
Why This Card Could Be Right For You
The card offers one of the highest signup bonuses in the points and miles hobby at 200,000 points, but with an equally high spending requirement ($30,000 over the first six months) to earn it. Outside of the 200,000 mile welcome offer, the biggest perk is the annual $300 travel credit that gets automatically applied to any travel purchase you make. This does not have to be in the Chase portal, so it will cancel out $300 worth of travel purchases made throughout the year. That credit brings the annual fee down to $495. There are plenty of other credits offered by the card to more than make up that amount, provided you use them organically.
Below are the credits the Chase Sapphire Reserve Business offers:
- $300 annual travel credit (applied to any travel purchase)
- Two $50 credits per year (one in January - June and one in July - December) on gift cards purchased on giftcards.com/reservebusiness
- $200 in annual statement credits on purchases made directly on Google Workspace
- Two $200 credits per year (one in January - June and one in July - December) on ZipRecruiter
- Two $250 credits per year (one January - June and one July - December) for prepaid bookings with The Edit (a two night minimum stay is required to receive the twice per year credit)
- Complimentary DashPass Membership (worth $120 annually), two $10 monthly credits on non-restaurant orders, and one $5 monthly credit on restaurant orders
- One $10 credit on Lyft rides per month
- $120 credit every 4 years for Global Entry/TSA PreCheck
Below are additional benefits, perks, and spending multipliers:
- Priority Pass Select Membership: This is good for the cardholder and two guests
- Access to any Chase Sapphire Lounge by the Club for the cardholder and two guests
- A variety of purchase and travel protections, including auto rental coverage, roadside assistance, trip cancellation/interruption insurance, among others
- 8x points on travel booked through the Chase portal, 5x on Lyft rides, 4x on flights and hotels, 3x on social media and search engine advertising, and 1x everywhere else
If you spend more than $120,000 on the card in a calendar year, you unlock the following benefits:
- IHG One Rewards Diamond Elite Status
- $500 credit for The Shops at Chase
- $500 Southwest Airlines Chase Travel credit
- Southwest Airlines A-List status
When The Usual Advice Doesn't Apply
- The coupon book style of credits is too much work
- The type of credits don’t fit with your small business spending and won’t make up for the high annual fee
- You already some of the perks like Global Entry and Priority Pass from other credit card benefits
What to Know About Chase Ultimate Rewards
Chase Ultimate Rewards is our most valued point system.
- These points are the most flexible of any credit card points. You can book travel items directly through the Chase portal, including cruise, car rental, or speciality hotel. (Or transfer points to their partners).
- The quality of their transfer partners (Hyatt, United & Southwest) is unmatched. As is the value you can get when you transfer.
- You can get a “multiplier effect” (either 1.5x or 1.25x) on your Chase Ultimate Rewards points when you have either of Chase’s Sapphire cards.
- We view Ultimate Rewards as the points “savings account” to top off a partner reward system for a flight or hotel. Or to book travel items directly through the Chase travel portal.
How The Chase Sapphire Reserve Business Credit Card Fits In The Chase Ultimate Rewards Ecosystem
The new Chase Sapphire Reserve Business card is the first high end business card offered by Chase. It is comparable to the American Express Platinum Business card and the Capital One Venture X Business card if you're looking for a business card with a lot of benefits and perks.
The regular public signup bonus offer for the American Express Platinum Business card is 100,000 points for $15,000 in purchases. It has been as high as 150,000 points for $20,000 in purchases. There have been reported targeted offers of up to 250,000 (for the same $20,000 spending requirement). The annual fee for this card is $695. This card also has the coupon style of benefits:
- Four quarterly $50 credits for eligible purchases made with Hilton
- Four quarterly $90 credits with Indeed
- $10 monthly wireless credits
- $200 airline fee credit (select one qualifying airline and receive $200 in annual credits for incidentals)
- $199 Clear Plus credit annually
The regular public signup bonus for the Capital One Venture X Business card is 150,000 miles after $30,000 in purchase over the first three months. It also offers 2x miles on every purchase, an annual $300 travel credit on bookings through Capital One Travel. It has a few other notable benefits and an annual fee of $395.
There are a variety of other Chase business cards offered. None come with anywhere near the same host of benefits the Chase Sapphire Reserve Business card does, but none have anywhere near the same high fee either. The Chase Ink Business Cash and Chase Ink Business Unlimited have no annual fees and each have regular signup bonuses of 75,000 points (on much smaller spends). The Chase Ink Business Preferred has a $95 annual fee and 90,000 points as a welcome offer (after spending $8000 on the card).
Card Information
| Bonus Points | Minimum Spend | Point Value | Annual Value | Annual Fee |
1st Year Value
|
|---|---|---|---|---|---|
| 200,000 | $30,000 | 1.6 ¢ | $320 | $795 |
$3205
|
| Best Value | Differentiating Perks | Rules |
|---|---|---|
| 5/24 , Chase 2/30 , Chase 4/6 |
Award System
Current Offer
$30,000 spend.
Spend Categories
4X points
6.4¢ Per Dollar Spent
1X points
1.6¢ Per Dollar Spent
4X points
6.4¢ Per Dollar Spent
3X points
4.8¢ Per Dollar Spent
8X points
12.8¢ Per Dollar Spent
5X points
8¢ Per Dollar Spent
3X points
4.8¢ Per Dollar Spent
Card Benefits
Get up to $300 in statement credits annually as reimbursement for travel purchases (airline tickets, hotels, car rentals, etc.) charged to your card.
Get unlimited access to Priority Pass lounges for primary and authorized card user. You can bring 2 guests per visit.
Get up to $120 statement credit for Global Entry, or an $85 fee credit for TSA PreCheck.
Using this card gives you primary coverage, providing reimbursement up to $75,000 for theft and collision damage for rental cars in the U.S. and abroad.
Travel accident insurance up to $1 million; lost luggage insurance up to $3,000 per person; trip cancellation insurance up to $10,000 per person; baggage delay insurance up to $100 per day for 5 days; trip delay reimbursement up to $500 per ticket.
Visa Infinite Concierge Service: call 1-888-853-4458 to get complimentary assistance making dinner reservations, buying
Free roadside assistance through Cross Country Motor Club at 1-866-860-7978. Up to $50 maximum for each service event, up to 4 events each year, separated by at least 7 days.
Get up to $250 in statement credits from January through June and again from July through December for prepaid bookings made with The Edit
Your new purchases are covered for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
This card extends the manufacturer's warranty by 1 additional year on warranties of 3 years or less.
Point Transfer Options
Transfer To Spouse/Partner Yes
Transfer To Friends No
Travel Partner Transfers
Chase Ultimate Rewards Outside Point System
Transfers Out To
1:1 88% value retained
1:1 69% value retained
1:1 63% value retained
1:1 81% value retained
1:1 38% value retained
1:1 81% value retained
1:1 44% value retained
1:1 81% value retained
1:1 81% value retained
1:1 81% value retained
1:1 88% value retained
1:1 106% value retained
Chase Sapphire Reserve Business Application Rules
Your application will be declined if 5 new cards are reported on your personal credit report in the past 24 months
You'll be declined if you apply for a third Chase card of any kind within 30 days
Chase will decline your application you apply for a 5th Chase card (personal or BUSINESS) in 6 months
