Chase has officially added a new premium travel card to its lineup – and it's one that small business owners who are points and miles aficionados have been begging for … for years.

The new Chase Sapphire Reserve® for Business takes the core benefits of the bank's new-look *chase sapphire reserve* and sprinkles in a long list of perks and business-friendly benefits. It's not available just yet: Applications are expected to open next Monday, June 23.

The price tag is steep at $795 a year. But the card comes packed with perks like airport lounge access and thousands of dollars in travel, business, and lifestyle credits each year. This card is especially great for business owners who spend big on travel, advertising, or day-to-day business services. And if you can make use of a few of the card's statement credits without too much hassle, it shouldn't be too hard to offset the bulk of that hefty annual fee.

Let’s break down what’s included and who this card actually makes sense for.

 

Chase Sapphire Reserve for Business: Card Overview

  • Welcome Offer: We don't know … yet. Chase hasn't said what kind of bonus will be coming with its new premium business card, but if the bank hopes to go toe-to-toe Amex, you can bet it will be big. 
  • Earn 8x points on Chase Travel℠ purchases
  • Earn 5x points on Lyft rides through Sept. 30, 2027
  • Earn 4x points on flights and hotels booked direct
  • Earn 3x points on social media and search engine ads
  • Earn 1x points on everything else
  • $300 annual travel credit that is applied towards purchases of flights, hotels, car rentals, cruises and more
  • $500 credit for stays with The Edit by Chase Travel: Get up to $250 in statement credits from January through June and again from July through December for prepaid bookings made with The Edit (two-night minimum stay required).
  • Business Services Credits: Up to $1,200 in annual value, including
    • $400 ZipRecruiter hiring credit ($200 semi-annually)
    • $200 Google Workspace credit
    • $100 Giftcards.com credit,
    • $300 DoorDash credit and complimentary DashPass
    • And $120 in annual Lyft in-app credits ($10 monthly)
  • $120 statement credit for Global Entry, TSA PreCheck, or Nexus every four years
  • Airport Lounge Access: Unlimited access to Chase Sapphire Lounge by The Club locations (plus, two free guests) and entry to over 1,300 more lounges with Priority Pass Select
  • IHG One Rewards Platinum Elite Status: Cardmembers receive complimentary Platinum status through Dec. 31, 2027
  • Excellent travel insurance policies for trip delay, trip interruption, rental cars, and more
  • Payment Options: Pay in Full or carry a balance with “Flex for Business”
  • Annual Fee: $795

 

 

Chase Sapphire Reserve for Business Card Art

 

 

Travel Perks: Plenty of Value, If You Actually Use Them

If you travel often – and more importantly, if you book a lot of that travel through Chase Travel℠ – the card’s rewards and benefits can stack up quickly. 

 

$300 Travel Credit

One of the card's key benefits is a carbon copy of what you'll find on the personal version: An easy-to-use annual $300 travel credit.

This credit is automatically applied to flights, hotels, car rentals, cruises, and more, and instantly takes some of the sting out of the card's $795 annual fee. If you'd otherwise be spending $300 on travel, this effectively drops the annual fee to $495 per year. And if not, this card likely won't make a ton of sense for you…

 

$500 “The Edit” Hotel Credit

Sapphire Reserve for Business cardholders get up to $250 in statement credits for prepaid, “The Edit” hotel bookings to use from January – June, and again from July – December, up to $500 per year.

This new hotel collection from Chase offers a curated set of upscale properties, similar to Amex's Fine Hotels + Resorts®. In addition to the card's semi-annual credit, you'll also get added benefits like complimentary breakfast, a $100 property credit, possible upgrades, and more.

 

Details about "The Edit" by Chase Travel.

 

Just keep in mind: This credit is only for the primary cardholder, requires a two-night minimum stay, and the credited amount won't earn any points. Still, it's a nice benefit with some really valuable perks. Being able to save up to $250, twice per year, at one of these properties will go a long way toward justifying the card's annual fee. 

 

Airport Lounge Access 

The Sapphire Reserve for Business is your ticket into the growing list of Chase Sapphire-branded lounges. Over the last couple of years, Chase has been playing catch-up with American Express and lapping Capital One with its network of lounges.

These aren't your average, run-of-the-mill airport lounges, either. Chase has upped the ante with each new lounge it debuts: The designs are all chic and spacious, the complimentary food and drinks are a big step above your typical airport club, and many feature upscale amenities like showers and wellness areas. 

 

A bar with barstools inside of the Chase Sapphire airport lounge at San Diego (SAN).

 

As of publication, Chase has 10 lounge locations already open or in the works: 

While it's not officially dubbed a Sapphire Lounge, Chase also shares a space with Etihad at Washington, D.C.-Dulles (IAD).

Chase Sapphire Reserve for Business cardholders get complimentary access for themselves and two guests at all these lounges.

The card also comes with a complimentary Priority Pass Select membership, which gets you free access to an additional 1,300-plus airport lounges around the world. You can bring up to two guests into these lounges with you for free, too.

Priority Pass lounges can be a bit of a mixed bag: some are great, while others are fairly lackluster. But no matter what, it's a better place to relax before your flight than the terminal, grabbing a quick snack or a drink for free.

 

$120 Credit for Global Entry, TSA PreCheck, or NEXUS

If you apply for Global Entry, TSA PreCheck, or NEXUS and pay with your Chase Sapphire Reserve for Business, the application fee will get automatically reimbursed, up to $120. 

You can receive this credit once every four years and membership in both programs lasts for five years. That means you're set to enroll in either program.

 

Big Spending Unlocks Even More Perks

If your business makes $120,000 in purchases in a calendar year, Chase will throw in a few extras:

  • IHG Diamond Elite & Southwest A-List Status: Great for frequent travelers, especially those loyal to these programs.
  • $500 in Southwest Flight Credits: But only if you book through Chase Travel – and only for primary cardmembers.

 

Business-Focused Credits: Some More Valuable Than Others

Chase clearly aimed to balance the premium travel perks with a handful of business-focused credits. Exactly how useful (and valuable) they'll be, will depend on your business.

Here's a look at everything you get.

 

$300 DoorDash Credit & Complimentary DashPass

Sapphire Reserve for Business cardholders get a $5 per month discount on DoorDash restaurant orders and two monthly coupons of up to $10 off on grocery, convenience, and other non-restaurant orders.

These promos must be applied at checkout when placing an order on DoorDash with the use of a Sapphire Reserve for Business card enrolled in DashPass. Unfortunately, if you forget or just don't get around to using one of your promos, it won't carry over to the next month.

You'll also get a complimentary DoorDash DashPass membership which provides access to free deliveries and lower platform fees. Just be sure to activate this benefit by Dec. 31, 2027, and it'll be good for a minimum of one year.

 

$400 ZipRecruiter Credits

Cardmembers can earn up to $400 in annual statement credits on purchases made directly with ZipRecruiter.

That's split into two: Up to $200 in statement credits from January through June and up to $200 in statement credits from July through December.

 

$200 Google Workspace Credit 

With the Sapphire Reserve for Business, you can earn up to $200 in annual statement credits on purchases made directly on Google Workspace.

If you're not familiar with Google Workspace, it offers business owners a premium version of common Google tools like Gmail, Calendar, Meet, Docs, and more. You'll also get an enhanced version of Google's AI assistant, Gemini.

 

Google Workspace: All the tools you need and few more we think you'll love.

 

Plans start at $7 per user, per month, and go up from there depending on which services you want access to. 

 

$100 Giftcards.com Credit

Cardmembers can earn up to $100 annually in statement credits – up to $50 from January to June and $50 from July to December – when purchasing gift cards from a curated collection of notable brands on giftcards.com/reservebusiness.

It's unclear exactly what gift cards will be available to Sapphire Reserve for Business cardholders with this benefit, but giftcards.com offers something from nearly every business under the sun. Whether you're planning to reward an employee or offsetting a business expense, it shouldn't be hard to put this credit to good use. 

 

$120 Lyft Credit

Amex has Uber and now Chase has Lyft. With the Sapphire Reserve for Business, you'll get up to $120 per year in Lyft credits to use on rides.

These are broken down into monthly allotments of $10 each month and any amount that goes unused won't roll over to the next month. If you're already using Lyft on a regular basis, this is an easy credit to help offset the card's annual fee even further. 

 

Earning Points

Racking up points with the Sapphire Reserve for Business should be no problem at all for many. 

For starters, you'll earn a whopping 8x points per dollar spent on flights, hotels, rental cars, and more purchased through Chase Travel℠.

If you instead opt to book flights and hotels direct, you'll still earn a respectable 4x points per dollar spent on these purchases, as well as 5x points per dollar with Lyft (through Sept. 30, 2027).

You'll also earn 3x points per dollar on social media and search engine advertising. All other eligible purchases earn 1x points per dollar. 

 

Redeeming Points

When it comes time to use your hard-earned Ultimate Rewards, you've got a handful of options at your disposal. Of course, you can redeem them for cash back, statement credits, and gift cards, but where's the fun in that?

 

Points Boost

Unlike the *chase sapphire preferred* and Sapphire Reserve, points aren't always worth more when redeemed through Chase Travel ℠. In fact, that feature is soon going away on those cards, too. 

Instead, you can stretch your Ultimate Rewards points further with “Points Boost” redemptions on select premium cabin flights and hotels, where each point is worth up to 2 cents apiece.

 

Transfer Points to Travel Partners

But if you want to get even more value out of your points, look into transferring Chase Ultimate Rewards points to more than a dozen airlines and hotel chains. This is the key to booking amazing travel, including business and first-class flights.

Here's the full list of Chase Ultimate Rewards transfer partners:

 

ProgramTypeTransfer RatioTransfer Time
Aer LingusAirline1:1Instant
Air Canada AeroplanAirline1:1Instant
Air France/KLMAirline1:1Instant
British AirwaysAirline1:1Instant
EmiratesAirline1:1Instant
Iberia PlusAirline1:1Instant
JetBlueAirline1:1Instant
Singapore AirAirline1:112-24 hours
Southwest AirlinesAirline1:1Instant
United AirlinesAirline1:1Instant
Virgin AtlanticAirline1:1Instant
World of HyattHotel1:1Instant
IHGHotel1:11 day
Marriott RewardsHotel1:12 days

 

There are plenty of ways to squeeze good value out of these points via transfer partners – including flying business and first-class or staying in all-inclusive resorts for free thanks to Chase's partnership with Hyatt.

See our top ways to redeem Ultimate Rewards Points.

 

Bottom Line

The day has finally come: Chase is launching a new premium business card to go head-to-head with Amex's *biz platinum*. If you’re a business owner who spends big on travel or paid ads and can take advantage of at least a few of the annual statement credits, this card could easily be worth its hefty $795 fee.

That said, the value is front-loaded with credits that require some extra effort to use, and casual business travelers might find it hard to justify. But for the right business owner, the Chase Sapphire Reserve for Business will be a long overdue addition to Chase's card lineup.