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Card Economics
Annual Fee
$795
Ongoing Annual Value
$1,225
First-Year Value Estimate
$2,185
Net Value
+$430
Card type: BusinessForeign transaction fee: NoneCurrency: Chase Ultimate RewardsAU fee: $0
Sapphire Reserve for Business

Sapphire Reserve for Business

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Sign-up Bonus

200K points after $30K spend in first 6 months
Am I eligible?

Earning Structure

8XTravel booked through Chase Travel12%
5XLyft (through 9/30/2027)7.5%
4XFlights booked directly with airlines6%
4XHotels booked directly with hotels6%
3XSearch engine advertising4.5%
3XSocial media advertising4.5%
1XAll other purchases1.5%

Highlighted categories return more than 2%, the rate a flat 2% cash-back card pays on everything.

Where this card ranks

What this card returns on each page, priced against what its points are worth. Open a page to see the card it crowns and why.

Benefits

Worth it for me?
Credits & Perks (8)
  • Travel: $300 (Annual Cardmember Year)

    Automatic statement credits for travel purchases each account anniversary year

  • ZipRecruiter: $200 (Semi Annual Calendar Year)

    Cardmembers can earn up to $200 in statement credits on purchases made directly with ZipRecruiter from January through June and again from July through December, through 12/31/2027.

  • Google Workspace: $200 (Annual Calendar Year)

    Statement credits for purchases made directly on Google Workspace, through 12/31/2027.

  • Giftcards.com: $50 (Semi Annual Calendar Year)

    Earn up to $50 in statement credits from January to June and again from July to December when purchasing gift cards from a curated collection of notable brands on giftcards.com/reservebusiness, October 31, 2028

  • Lyft: $10 (Monthly)

    Up to $10 in monthly in-app credits through 9/30/2027

  • The Edit by Chase Travel: $500 (Annual Calendar Year)

    Beginning January 1, 2026 get up to $250 in statement credit for a prepaid 2+ night hotel booking through The Edit, twice per year, for a maximum of $500 annually. Purchases that qualify will not earn points.

  • Global Entry/TSA PreCheck: $120 (Every 4 Years)

    Covers application fee. Credit applies automatically when charged to card.

  • Chase Travel Hotel (2026): $250 (One Time)

    From January 1, 2026, through the end of the year, cardholders will get up to $250 in statement credits for prepaid bookings through Chase Travel for select hotel chains (IHG Hotels & Resorts, Omni Hotels & Resorts, Virgin Hotels, Pendry Hotels & Resorts, Montage Hotels & Resorts, Minor Hotels, Pan Pacific Hotels & Resorts). A minimum stay of two nights is required.

Lounge Access (3)
  • Priority Pass Select (Unlimited) — 2 free guests, paid guests allowed
  • Chase Sapphire Lounge (Unlimited) — 2 free guests, paid guests allowed
  • Air Canada Maple Leaf Lounge (Unlimited) — paid guests allowed
Elite Status (4)
  • IHG One Rewards: Platinum
  • IHG One Rewards: Diamond
  • World of Hyatt: Explorist
  • Southwest Rapid Rewards: A-List
Protections (13)
  • Baggage Delay — up to $500 — Up to $100 per day for up to 5 days when bags delayed 6+ hours. Pay for any part of common carrier transportation with your card to be eligible for this benefit.
  • Travel Accident Insurance — up to $1,000,000 — Up to $1,000,000 for death/dismemberment on common carrier. Pay for any part of common carrier transportation with your card to be eligible for this benefit.
  • Trip Cancellation/Interruption — up to $10,000 — Up to $10,000 per traveler, $20,000 per trip for non-refundable costs. Pay for any part of your trip with your card to be eligible for this benefit.
  • Trip Delay — up to $500 — Up to $500 per traveler for delays over 6 hours. Pay for any part of common carrier transportation with your card to be eligible for this benefit.
  • Lost Luggage — up to $3,000 — Coverage for luggage and contents lost/stolen by common carrier up to $3,000 per person per trip. Pay for any part of common carrier transportation with your card to be eligible for this benefit.
  • Emergency Evacuation — up to $100,000 — Coverage for emergency medical evacuation costs up to $100,000. Pay for any part of your trip with your card to be eligible for this benefit.
  • Emergency Medical/Dental — up to $2,500 — Up to $2,500 for emergency medical and dental expenses. Put any part of common carrier transportation on your card to be eligible for this benefit.
  • Purchase Protection — up to $10,000 — 120 days coverage for theft/damage/involuntary parting
  • Extended Warranty — up to $10,000 — Extends manufacturer's warranty by 1 year (max 3 years original)
  • Return Protection — up to $500 — Up to $500 per item when retailer won't accept return
  • Auto Rental Collision Damage Waiver (primary) — up to $75,000 — Primary coverage up to $75,000 for rental car damage/theft. For rentals within the United States, coverage is primary only if the rental vehicle is for commercial/business purposes; it is secondary for New York residents with personal auto insurance. Pay for the full cost on your card to be eligible for this benefit.
  • Roadside Assistance — up to $50 — Up to $50 per incident, max 2 gallon fill up, 4 times per year
  • Cell Phone Protection — up to $1,000 — Up to $1,000 per claim for cell phone damage or theft when you pay your monthly cell phone bill with your card. Max 3 claims in a 12-month period, $100 deductible per claim. Excludes damage that doesn’t interfere with calls.

Other Perks

  • Points worth 2 cents towards qualified Chase Travel bookings
  • Points Boost: redeem Ultimate Rewards points for up to 2X value on select hotels and flights through Chase Travel
  • Complimentary DoorDash DashPass ($120 value) plus up to $300/year in monthly promotional credits ($5/month restaurant + two $10/month non-restaurant), activate by 12/31/2027
  • Big Spend Benefits (after $120K annual spend): $500 credit for The Shops at Chase
  • Big Spend Benefits (after $120K annual spend): $500 credit for Southwest Airlines purchases through Chase Travel