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Sapphire Reserve for BusinessSM (See rates and fees)
Chase relaunched their Sapphire Reserve Card with a new value proposition. They’re also doing something else notable with the franchise: introduced the Sapphire Reserve Business Card. And they did it with the biggest bonus Chase has offered for any travel card: 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
The card largely mirrors the consumer version, but there are a few key differences.
- higher spend requirements for extra benefits (like IHG Diamond and Southwest A-List status)
- different credits, more geared towards businesses
- no annual fee authorized user cards (while the consumer card sees the fee for those increase), but business card authorized users don’t get lounge access
Here are the key elements of the product.
- Earning: 8× Chase Travel, 4× direct air/hotel bookings, 3× social/search ads, 5× points on Lyft rides, 1× points on all other spend
- Redemption: Transfer to travel partners, redeem at 1 cent in the Chase travel portal or up to 2 cents per point with Points Boost
- Credits: $300 travel credit, $500 The Edit hotel credit (2× $250 windows per year; two-night minimum stay), $400 ZipRecruiter hiring credit (2× $200 windows), $200 Google Workspace, $100 Giftcards.com (2x$50 windows), $300 DoorDash ($25/mo if maxing out food delivery and grocery), $120 Lyft ($10/mo), $120 Global Entry / TSA PreCheck / NEXUS every 4 years
- Benefits: IHG Platinum status, access to Chase lounges and Priority Pass for the primary cardholder with two guests
- Additional benefits with $120,000 annual spend: IHG Diamond, Southwest A-List, Southwest $500 credit, $500 Shops at Chase offering products from brands like Baccarat, Dyson, and TUMI.
- Annual Fee: $795, employee cards $0 but those do not receive lounge access
Existing Ink cardmembers can apply for a Chase Sapphire Reserve Business Card. However, it is not possible to product change from Ink Business Preferred to Sapphire Reserve Business.
I am seriously considering giving this a short. The up front bonus offer is huge, though on a ‘per dollar spent’ basis it isn’t so outsized. Still, I’m in a position to generate the spend and I’d love to have the additional Chase points. My current Ultimate Rewards balance isn’t much over a million, so I could use the points (I’m redeem for four these days).
Between the travel credit, The Edit credit, and gift card credit I can make the math work on the annual fee, too.
That is a tasty signup bonus. Any idea about 5/24?
It’s a good sign-up bonus. If you can pull off an approval, like, escape ‘pop-up jail’ equivalent, avoid the 5/24 block, and have a ‘business’ (like Gary often says about his wife on here, and I’m sure, it’s ‘legitimate’ *wink*), then why not. Go for it. Get that 200K. Use the silly coupon credits. And 12 months later, attempt retention offers; otherwise, close it. I’d say you’re ‘ahead’ after all that. I think there’s more going on here than the personal card updates. You know what, let’s all start new ‘small’ businesses and milk this!
Tempting for the SUB. But otherwise not. a keeper