While rumors surrounding a new Chase business credit card have swirled for months, the card issuer has finally confirmed the details. The new Chase Sapphire Reserve for Business becomes available to new cardholders on June 23, 2025, and its perks and features mean it will rival other premium travel credit cards for business.
With a $795 annual fee, the new Chase Sapphire Reserve for Business will be the most expensive business credit card from Chase by far. Also note that this new card’s launch coincides with a luxurious refresh of the Chase Sapphire Reserve® for consumers, which will have an increased annual fee of $795 and hundreds of dollars in new benefits.
If you’re in the market for a premium business credit card and wondering if the Chase Sapphire Reserve for Business would suit your needs, read on for an overview of the card’s upgraded earning rates and new benefits.
Chase Sapphire Reserve for Business sign-up bonus
Since the new Chase Sapphire Reserve for Business doesn’t become available to new cardholders until June 23, 2025, we don’t know how much the card’s welcome offer will be worth quite yet. However, we expect the welcome offer on this card to be generous, considering the buzz surrounding the new offer and its steep annual fee.
Chase Sapphire Reserve for Business rewards
Earning rates on the new Chase Sapphire Reserve for Business will be similar to rewards rates on the newly refreshed Chase Sapphire Reserve® (effective June 23, 2025). According to a press release from Chase, this new business credit card will earn:
- 8x points on Chase Travel℠ purchases
- 5x point on eligible Lyft rides (through Sept. 30, 2027)
- 4x points on flights and hotels booked directly
- 3x points on social media and search engine advertising
- 1x point on other purchases
These earning rates will benefit those who are willing to book travel through the Chase Travel portal the most, along with business owners who book their flights and hotel stays directly with their favorite travel brands. The 3x on social media and search engine advertising rate can also benefit business owners who spend a lot of money on online advertising throughout the year.
From there, earning just 1x point on all other spending could be disappointing for some cardholders.
Chase Sapphire Reserve for Business top benefits and perks
While the Chase Sapphire Reserve for Business comes with a sky-high annual fee of $795, it also has a slew of new statement credit offers and perks. These benefits can more than make up for the card’s annual fee year after year, but only if you use them.
Perks to look forward to with the Chase Sapphire Reserve for Business include:
- $300 annual travel credit
- $120 Global Entry, TSA Precheck or Nexus credit every four years
- $500 annual The Edit credit – Chase Travel’s collection of over 1,100 hand-picked hotels and resorts (split into two $250 biannual credits)
- $400 ZipRecruiter credit (split into two $200 biannual credits)
- $200 Google Workspace credit toward AI tools for business
- $100 Giftcards.com credit for flexible employee appreciation (split into two $50 biannual credits)
- $300 annually in monthly DoorDash promos and complimentary DashPass membership
- $120 in annual Lyft in-app credits, up to $10 monthly
- Points Boost program that lets users redeem points for 2x value on thousands of top booked hotels and flights with select airlines and hotels through Chase Travel
- Complimentary IHG One Rewards Platinum Elite Status
- Access to the Chase Sapphire Lounge by The Club network of airport lounges
- Priority Pass Select airport lounge membership (valued at $469)
- Comprehensive travel insurance benefits
Several other cardholder benefits can be unlocked with $120,000 in annual spending on the card, including:
- IHG One Rewards Diamond Elite Status
- Southwest Airlines® A-List Status
- $500 Southwest Airlines credit when booked through Chase Travel
- $500 credit to The Shops at Chase
What are the downsides to the Chase Sapphire Reserve for Business?
While the new Chase Sapphire Reserve for Business is definitely rewarding, there are some glaring downsides to be aware of. One of the biggest is the card’s $795 annual fee, which is the highest annual fee among small business credit cards from all major card issuers on the market today.
Other downsides of the Chase Sapphire Reserve for Business include:
Earn just 1x points on regular purchases: The Chase Sapphire Reserve for Business offers bonus rewards for all travel booked through Chase and flights and hotel stays booked directly. Business owners can also earn 3x points on social media and search engine advertising. Outside of those categories, you’ll earn just 1x points per dollar spent.
Points Boost program changes aren’t great: While the card’s new Points Boost program will let users redeem their rewards for 2x value for select airlines and hotel stays through Chase Travel, this benefit replaces the enhanced redemption values previously available on other Chase cards. For example, cardholders with the current version of the Chase Sapphire Reserve® used to get 1.5 cents per point in value for all travel booked through Chase, yet this benefit will cease to exist once all cardholders are moved to the new card and program.
Statement credits may be difficult to maximize: Many statement credits offered on this card are given out biannually with half awarded between January and June and the other half between July and December each year. This makes these credits more difficult to track and easier to forget.
Some statement credits have disappointing fine print: Getting $300 in DoorDash credit each year sounds nice, but the reality isn’t that great. This credit is given out in increments of $25 per month, but it actually comes in the form of a $5 restaurant promo and two $10 promos toward grocery, beauty and other purchases each month.
➤ SEE MORE:Best small business credit cards
Bottom line
The Chase Sapphire Reserve for Business, set to launch on June 23, 2025, undoubtedly marks a significant entry into the premium business travel card market. While its substantial $795 annual fee and nuanced statement credits require careful consideration to maximize value, the card’s impressive earning rates on travel and advertising, coupled with a suite of luxury perks like lounge access and elevated hotel status, present a compelling proposition for business owners who are frequent travelers and strategically utilize these benefits. Ultimately, whether this new offering from Chase is the ideal fit will depend on an individual business’s spending patterns and its ability to fully leverage the card’s extensive, albeit sometimes complex, rewards structure and numerous advantages.
