Our illustration, not the card’s design
Chase credit card
Sapphire Reserve for Business Credit Card
$795 a year. 200,000 points after you spend $30,000 in 6 months. No foreign transaction fees.
Checked Nov 1, 2026Updated
- Welcome offer
- Receipt · Welcome offerChecked Nov 1, 2026
Issuer's page · chase.com
“New Cardmember Bonus – 200,000 Points: To qualify, you must make $30,000 in purchases during the first 6 months from account opening.”
- Annual fee
- Receipt · Annual feeChecked Nov 1, 2026
Issuer's page · chase.com
“$795 annual fee † Opens pricing and terms in new window ; Employee Cards at no additional cost * |”
- Foreign transactions
- Receipt · Foreign transactionsChecked Nov 1, 2026
Issuer's page · chase.com
“No Foreign Transaction Fees”
Select an underlined figure to see where it comes from.
Chase’s terms
Welcome offer
200,000 points
After you spend $30,000 on purchases in your first 6 months.
- Spending it takes
- $5,000 a month
- for 6 months
- Tracking since
- Sep 29, 2026
- history will chart every change
After qualifying, allow 6 to 8 weeks for the bonus to post. The account must be open and not in default at the time of fulfillment. The bonus may not be available to applicants who have ever had this card, and Chase may consider factors pertinent to the business.
- Larger than about 100% of the 44 other points bonuses we track.
Who can get it: If you’ve ever had this card, you can’t get the bonus.
“The new cardmember bonus may not be available to you if you have ever had this card.”
The issuer’s terms, from its page, as of Oct 7, 2026. Check which bonuses you can get
In dollars
What it’s worth
Yearly value in dollars: rewards and credits minus the annual fee, for three ways of spending. First year includes any welcome bonus.
| Spending | Value against the fee | First year | After |
|---|---|---|---|
| Light spender | −$675 | −$675 | |
| Typical spender | −$440 | −$440 | |
| Heavy spender | $2,295 | $295 |
The spending each assumes, and what isn’t counted
- Light spender: groceries $300, dining $100, gas $100, everything else $500 a month
- Typical spender: groceries $600, dining $300, gas $200, travel $150, everything else $1,250 a month
- Heavy spender: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500 a month
Assumed: welcome bonus needs $30,000 in 6 months.
−$675a year
The same in the first year and after.
Rewards and credits$120
−$675 after the fee−$795 annual fee
The spending this assumes
A month: groceries $300, dining $100, gas $100, everything else $500. Assumed: welcome bonus needs $30,000 in 6 months.
−$440a year
The same in the first year and after.
Rewards and credits$355
−$440 after the fee−$795 annual fee
The spending this assumes
A month: groceries $600, dining $300, gas $200, travel $150, everything else $1,250. Assumed: welcome bonus needs $30,000 in 6 months.
$295a year
$2,295 the first year, with the welcome bonus.
Rewards and credits$1,090
You keep $295−$795 annual fee
The spending this assumes
A month: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500.
Use your own spending
Estimates from the published terms above, as checked Nov 1, 2026; not advice. How we value cards
Against the market
How it compares
Other points cards with fees over $300
- PalladiumBilt · $495 a year+$655 a year
- American Express The American Express® Gold CardAmerican Express · $325 a year+$490 a year
- Atmos Rewards Summit Visa InfiniteBank of America · $395 a year+$415 a year
Against this card, for our typical spender’s value (rewards and credits minus fees, after the first year).
Shares rounded to 5 points. Fees and APRs as stated; value for our typical spender. Method
Chase Ultimate Rewards
How you earn
- 8×
- 8 points (8X points) on all purchases made through Chase Travel, including The Edit. Reserve Travel Designers purchases earn 8 points per $1 only if booked directly through Chase Travel; purchases through FROSCH by Chase Travel, Valerie Wilson Travel by Chase Travel, or Frosch International Travel LLC do not qualify.
- 5×
- 5X points on qualifying Lyft products and services purchased through the Lyft mobile application through 09/30/2027; this includes rideshare, bike and scooter rides, and subscription and membership products. Gift cards, car rentals, vehicle service centers, miscellaneous fees and other excluded Lyft products and services do not qualify.
- 4×
- 4 points (4X points) on flights and hotels booked direct. Certain travel-designer bookings earn 4 points per $1 only if booked directly with the airline or hotel.
- 3×
- 3 points (3X points) on social media and search engine advertising purchases. Until November 14, 2026, the 3X rate applies without the stated $1,000,000 anniversary-year cap. Starting November 15, 2026, earn 3 points total per $1 on the first $1,000,000 spent in this category each account anniversary year; after that, earn 1 point per $1 with no maximum.
- 1×
- Everything else
Points per dollar.
Benefits
- Annual travel credit: $300 annual
- Select Chase Travel hotel credit: $250 annual
- Global Entry, TSA PreCheck or NEXUS fee credit: $120 every 4 years
- Google Workspace credit: $200 annual
- ZipRecruiter credit: $200 semiannual
All 36 benefits
- Curated gift card credit: $50 semiannual
- Complimentary DashPass: 12 months (At least 12 months of complimentary DashPass for DoorDash and Caviar when activated by 12/31/2027. The primary cardmember and authorized users must add the card as a default payment method and activate the membership; the same login credentials must be used on DoorDash and Caviar.)
- Up to $120 every four years for Global Entry, TSA PreCheck, or NEXUS application fees.
- Complimentary access to Chase Sapphire Lounges by The Club with up to two guests.
- Priority Pass Select membership with access to 1,300+ participating airport lounges and select airport experiences worldwide, with up to two accompanying guests.
- Complimentary access for the eligible authorizing officer and one guest to participating Air Canada Maple Leaf Lounges and Air Canada Cafés in Canada, the U.S. and Europe when departing on a Star Alliance member airline flight; capacity and route restrictions apply.
- IHG One Rewards Platinum Elite status through 12/31/2027, after activation and linking an IHG account.
- After spending $120,000 in a calendar year: World of Hyatt Explorist status for the stated qualification period.
- After spending $120,000 in a calendar year: IHG One Rewards Diamond Elite status for the stated qualification period.
- After spending $120,000 in a calendar year: Southwest Rapid Rewards A-List status for the stated qualification period.
- The Edit hotel benefits include a $100 property credit, daily breakfast for two, complimentary Wi-Fi, a room upgrade, and early check-in/late check-out, subject to availability and property variation.
- Points Boost promotions may provide up to 2x value on select flights and hotels through Chase Travel.
- Up to $10 in monthly Lyft in-app credits for qualifying rides through 09/30/2027; unused credits are forfeited at month-end.
- DashPass members receive up to $5 off one qualifying DoorDash restaurant order each month and two $10 discounts on qualifying non-restaurant orders each month through the stated promotional terms.
- Avis, Hertz, and National car-rental discounts and privileges are available under Visa Infinite terms.
- Visa Infinite Concierge is available 24/7.
- No foreign transaction fees.
- Rental car: Up to $75,000
- Baggage: Up to $100 per day for up to 5 days
- Emergency assistance: Up to $100,000
- Emergency assistance: Up to $2,500
- Baggage: Up to $3,000 per covered traveler
- Roadside: Up to $50 per incident, 4 times a year
- Travel accident: Up to $1,000,000
- Trip cancellation: Up to $10,000 per covered traveler and $20,000 per trip
- Trip delay: Up to $500 per covered traveler
- Purchase protection: Up to $10,000 per item
- Return protection: Up to $500 per item and $1,000 per 12-month period
- Cell phone: Up to $1,000 per claim; maximum 3 claims in a 12-month period
- Extended warranty: Additional 1 year, up to 4 years from the purchase date
- Travel accident
Every figure with its receipt
Rates and fees
| Annual fee | Receipt · Annual feeChecked Nov 1, 2026 Issuer's page · chase.com “$795 annual fee † Opens pricing and terms in new window ; Employee Cards at no additional cost * |” |
|---|---|
| Foreign transactions | Receipt · Foreign transactionsChecked Nov 1, 2026 Issuer's page · chase.com “No Foreign Transaction Fees” |
Before you apply
- What the application asks: your name, address, date of birth, Social Security number (or ITIN), income and housing payment. By law the issuer must consider your ability to pay (Regulation Z, 1026.51).
- Your credit report: applying usually means a hard inquiry, which can lower your score slightly for a while. Some issuers let you check whether you’re pre-approved first without one. How credit reports work (CFPB)
- The bonus: If you’ve ever had this card, you can’t get the bonus.