Chase Sapphire Reserve for Business: Full review

The Chase Sapphire Reserve for Business℠ (see rates and fees) may come with a steep $795 annual fee, but it offers useful statement credits, uncapped earnings and valuable travel perks to justify the cost — for the right business owner. Card rating: ⭐⭐⭐⭐

*Card rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.

A premium business card offering travel rewards can provide valuable perks, solid earning rates and excellent redemption opportunities.

Chase’s seat at the premium business card table remained empty for a long time. Its main competitors, American Express and Capital One, offered the Capital One Venture X Business and The Business Platinum Card® from American Express, while Chase remained content with its family of Ink Business cards — until now.

Chase officially launched the first-ever Sapphire business card, the Sapphire Reserve for Business, on June 23. While it comes with a hefty $795 annual fee, it offers a slew of premium benefits to help cardholders justify it. Still, it’s important to carefully consider whether this card is the right fit for your business.

That’s why I’m going to break down all of this card’s details so you can make the right choice for your wallet. We recommend a credit score of at least 740 for the best chance of approval.

Let’s get into it.

Currently, new Sapphire Reserve for Business cardholders can earn 200,000 bonus points after spending $30,000 on purchases in the first six months from account opening.

Based on TPG’s June 2025 valuations, this welcome offer is worth $4,100. That’s one of the most valuable welcome offers we’ve ever seen on a card.

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If your business can hit that spending requirement, this is a great offer. Spending $30,000 in six months is a lot to ask of many small businesses, though, so ensure you won’t overspend to hit this goal. If you’re not confident in your ability to meet this spending requirement, one of Chase’s other business cards may be a better fit for you.

Luckily, Chase’s eligibility requirements for its consumer Sapphire cards don’t apply to the Sapphire Reserve for Business. That means you can still earn this welcome bonus if you hold either the Chase Sapphire Preferred® Card (see rates and fees) or the Chase Sapphire Reserve® (see rates and fees), if not both.

However, you’re still subject to Chase’s 5/24 rule. That means you won’t be approved for this card if you’ve been approved for five or more consumer (and some business) cards in the past 24 months. Fortunately, the Sapphire Reserve for Business itself won’t count toward your 5/24 total.

Justifying a $795 annual fee means you need to receive strong benefits. Thankfully, the Sapphire Reserve for Business packs a punch with a slate of statement credits and some of the strongest travel protections around.

Statement credits

The Sapphire Reserve for Business isn’t short on statement credits, so buckle in:

• $25 monthly DoorDash promos: Each month, you’ll receive a $5 restaurant promo and two $10 promos for nonrestaurant orders. This is a great way to help offset the cost of buying snacks for your employees or a special gift for your employee of the month. You must be enrolled in your card’s complimentary DoorDash DashPass membership to receive these promos (through Dec. 31, 2027).
• $10 monthly Lyft credit: You’ll get $10 in Lyft credits to use each month. Rush-hour rides can be quite costly, so this credit will help ease the sting of business rides (through Sept. 30, 2027).
• $250 biannual The Edit credit: You’ll get $250 in the first half of the year, then another $250 in the second half, for eligible The Edit luxury hotel bookings made through Chase Travel℠. This is a great credit for business owners who are often on the road (minimum two-night stay required).
• $200 biannual ZipRecruiter credit: You’ll receive $200 from January through June and another $200 from July through December for purchases made through ZipRecruiter.
• $50 biannual Giftcards.com credit: Whether you want to buy gift cards for employees or a raffle, this credit can help cover the cost (purchase through giftcards.com/reservebusiness).
• $300 annual travel credit: This credit mirrors the benefit on the personal Sapphire Reserve card. It’s one of the most flexible credits around, applying to a wide range of travel purchases, from airfare to hotels and campgrounds to travel agencies.
• $200 annual Google Workspace credit: You’ll appreciate this credit if your business needs a set of productivity tools or is interested in exploring artificial intelligence.
• $120 Global Entry, TSA PreCheck or Nexus credit every four years: I recommend going for Global Entry since TSA PreCheck comes as part of that program.

I appreciate the flexibility of the Reserve for Business’ travel credit, but its other major credits are very merchant-specific. This can be difficult for some businesses, so make sure to carefully consider how easy it will be to track each benefit.

Bonus credits after spending $120,000 in a calendar year

• $500 annual Southwest Airlines credit: If your business will organically spend this much on the Sapphire Reserve for Business each year, you’ll get $500 in Southwest credit in exchange.
• $500 annual Shops at Chase credit: You can shop with your Sapphire Reserve for Business or use Ultimate Rewards points at top brands like Ray-Ban and Tory Burch through this platform.
• IHG One Rewards Diamond Elite status: IHG’s top tier of status, which offers free breakfast on top of Platinum Elite benefits, is detailed below.

I wouldn’t recommend going out of your way to spend $120,000 in a calendar year for these extra benefits. IHG One Rewards Diamond Elite status is nice, but keep in mind that you’ll only get that status for yourself (as the primary cardholder). A $500 Southwest credit and a $500 Shops at Chase credit aren’t much in comparison to their significantly high spending requirement. If you do spend your way to earn these bonus credits, you will receive them through the end of the calendar year they are earned and the following calendar year.

Other benefits

If the statement credits listed above haven’t swayed you in favor of this card, check out some of the other perks it offers:

• Complimentary access to eight Chase Sapphire and 1,700-plus Priority Pass lounges: Cardholders can bring up to two guests for free.
• IHG One Rewards Platinum Elite status: IHG’s second-highest tier of status, which offers complimentary upgrades, early check-in (subject to availability) and a welcome amenity, comes complimentary, but only for the primary cardholder (not for employees). It’s available through Dec. 31, 2027.
• Chase Sapphire Reserve Exclusive Tables on OpenTable: Access primetime reservations at select restaurants in the U.S., Canada and Mexico.
• Concierge service for dining, entertainment and travel
• Flexible payment options: Cardholders benefit from a high pay-in-full spending limit while also having access to Flex for Business, a revolving credit line that enables payments over time with interest. This added flexibility is especially valuable for business owners who may need to carry a balance occasionally, helping them manage cash flow without disruption.
• Travel and purchase protections
• Free employee cards

The Sapphire Reserve for Business keeps it simple with relatively few bonus categories:

• 8 points per dollar spent on Chase Travel bookings
• 5 points per dollar spent on Lyft (through Sept. 30, 2027)
• 4 points per dollar spent on flights and hotels booked directly
• 3 points per dollar spent on social media and search engine advertising
• 1 point per dollar spent on all other purchases

One of the Sapphire Reserve for Business’ best and most notable benefits is the absence of a spending cap on social media and search engine advertising. This is unusual for a business card, as most issuers cap earnings in this category at the first $150,000 spent each year.

Advertising is critical to a business’ success, so this category can help you rack up thousands, or even hundreds of thousands, of points each year.

Aside from that category, these are fairly standard offerings for a business card. I would’ve liked to have seen internet, cable and phone services and office supply stores offered as categories, considering the high annual fee on this card.

The Sapphire Reserve for Business earns Chase Ultimate Rewards points. These points can be redeemed for a variety of options, including cash back, gift cards, travel and Amazon purchases. They can also be transferred to airline and hotel partners (more on that later).

The Sapphire Reserve for Business has access to Chase’s new Points Boost feature. When you redeem points through Chase Travel, they’re worth up to 2 cents per point, depending on the type of travel booked (see your card’s guide to benefits for more information). Travel redemptions not eligible for Points Boost are worth 1 cent per point.

I recommend prioritizing transfer partners over trying to maximize your redemption value through Points Boost. As of June 2025, TPG values Chase Ultimate Rewards points at 2.05 cents apiece, so at worst, you’ll likely get the same value from transferring your points as you would with Points Boost.

Transferring points is usually the best way to get maximum value out of them, regardless of whether you prefer simple economy flights or luxurious business-class excursions.

You can transfer the points you earn on your Chase Sapphire Reserve for Business to one of 11 airline and three hotel loyalty program partners. Some key programs include Air Canada Aeroplan, United MileagePlus and World of Hyatt.

Matt Moffitt, TPG’s contributing editor for credit cards, likes transferring his Chase points to Hyatt to reduce the high cost of accommodation during busy travel periods. He recently redeemed 62,000 points for a weeklong stay at the Hyatt Centric Malta during the peak summer season.

If the Sapphire Reserve for Business isn’t your cup of tea, consider one of these alternatives instead:

For additional options, check out our picks for the best business cards and the best Chase cards.

Related: Capital One Venture X Business vs. American Express Business Platinum Card: Which card should you venture toward?

The Sapphire Reserve for Business is a great choice for anyone who already uses the services covered by its statement credits and businesses who spend a lot on advertising. However, if your business wouldn’t easily use the statement credits or spends a lot in other business categories, a more affordable business credit card is best.

Chase’s newest card may come with an eyebrow-raising annual fee. However, in the hands of the right business owner, it can be a powerful points-earning workhorse. That’s especially true for any business that spends a lot on social media and search engine advertising, since the Sapphire Reserve for Business doesn’t cap earnings in that category.

Before hitting the apply button, make sure you can meet the high spending requirement to unlock the valuable welcome bonus. The Sapphire Reserve for Business may require more legwork than other cards, but the rewards you can reap with its earning categories and benefits can far outweigh the effort.

Apply here: Chase Sapphire Reserve for Business

For rates and fees of the Amex Business Platinum, click here.
For rates and fees of the Amex Business Gold, click here.