Chase Sapphire Reserve Business: 200k Point Sign Up Bonus & $795 Annual Fee

The Offer

Direct link to offer

• The Chase Sapphire Reserve Business card is now live for new sign ups. The sign up bonus is 200,000 points after $30,000 in spend within the first six months.

Card Details

• $795 annual fee, no fee for employee cards (employee cards do not get lounge access)
• Card earns at the following rates:
  • 8x points on all purchases through Chase Travel, including The Edit
  • 5x total points on Lyft rides through 9/30/27
  • 4x points on flights & hotels booked direct
  • 3x points on social media & search engine advertising
  • 1x points on all other purchases
• $300 annual travel credit
• $500 credit for stays with The Edit (Two $250 credits, one January – June and one July – December)
• Lounge access (Priority pass and Chase Sapphire Lounge® by The Club. Primary cardholder and up to two guests)
• $120 DashPass membership
• $300 DoorDash promos ($25 per month)
  • a $5 monthly promo to spend on restaurant orders and two $10 promos each month to save on groceries, retail orders, and more
• $200 Google Workspace Credit
• $120 Lyft Credit ($10 per month)
• $100 Curated Gift Card Credit ($50 in statement credits January through June and up to $50 July through December)
• $120 Global Entry or TSA PreCheck or NEXUS Fee Credit
• $100 in annual credits at reservebusiness.giftcards.com (more details in this post)
• IHG One Rewards Platinum Elite Status through 12/31/27
• Bonuses when you spend $120,000 in a calendar year (you receive these benefits for the remainder of the calendar year and then the next calendar year):
  • $500 Credit for The Shops at Chase for the Chase Sapphire Reserve for Business Card
  • IHG One Rewards Diamond Elite Status for Chase Sapphire Reserve for Business Card
  • Southwest Airlines Rapid Rewards A-List Status
  • $500 Southwest Airlines Chase Travel Credit

Our Verdict

On the face of it a 200,000 point bonus is massive, but it’s important to note that for a lot of business cardholders the earning categories on this card aren’t as attractive as the Chase Ink cards and there is no 5x points on office supply stores. This is significant as this card does require $30,000 in spend, if you put that on a 5x category you’d earn 150,000 points and these cards often have 100,000+ point bonuses as well. I personally think it’s very difficult to justify the annual fee on this card, outside of the first year when you earn the sign up bonus. I also hate that Chase is going down the “coupon book” route that American Express made famous on the Platinum card.

Breakage (unused benefits) on these cards must be significant and the DoorDash credits are next level nickel and diming with three credits that have to be used monthly in specific categories. We will add this bonus to our list of the best business credit card bonuses as I do think the bonus is still worth chasing for a lot of people. I assume this will start showing up via referral links eventually so if you want to wait and support a reader we will create a dedicated thread at some stage