Chase has new welcome offers available for the Sapphire Reserve for Business®, Ink Business Cash®, and Ink Business Unlimited®, all of which are among the best that we’ve seen for each respective card.
The Sapphire Reserve for Business is back to its inaugural offer of 200,000 points after $30,000 in spend within the first 6 months, while the two no-annual-fee Ink cards are offering an impressive 100,000 points after only $8,000 spend within the first 4 months.
None of these offers is currently available via referral links, but it may be worth waiting a few days to see if that changes. However, note that you can now only receive referral bonus awards for new Chase Business card customers. Referrals of individuals with existing Chase business card accounts no longer qualify for a referral bonus.
The Offer and Key Card Details
| Card Offer and Details |
|---|
 ⓘ $2185 1st Yr Value Estimate$300 travel credit valued at $285, $500 Chase The Edit credit (2x per calendar year) valued at $125, $100 GiftCards.com credit ($50 Jan-Jun and again Jul-Dec for cards purchased from https://reservebusiness.giftcards.com/) valued at $50 Click to learn about first year value estimates 200K points ⓘAffiliateThis is an affiliate offer. Frequent Miler may earn a commission if you are approved for this offer 200K points after $30K spend in first 6 months.$795 Annual Fee Recent better offer: None FM Mini Review: Could be very appealing for a business that books a lot of travel, as it earns 8x through Chase Travel℠ or 4x when booking direct through airline and hotels. It has decent perks, best-in-class travel protections, and earns valuable Chase Ultimate Rewards points. Best when paired with no annual fee Chase Freedom Flex, Freedom Unlimited & Chase Ink Cash cards Earning rate: 8X Chase Travel℠ ✦ 4X flights and hotels booked direct ✦ 3X social media and search engine advertising ✦ 5X Lyft (through September 2027) Card Info: Visa Infinite issued by Chase. This card has no foreign currency conversion fees. Big spend bonus: After spending $120,000 each calendar year, get the following benefits: IHG One Rewards Diamond Elite Status ✦ World of Hyatt Explorist Status ✦ Southwest Airlines A-List Status ✦ $500 Southwest Airlines credit when booked through Chase Travel ✦ $500 credit to The Shops at Chase Noteworthy perks: $300 Annual Travel Credit ✦ Up to $500 The Edit credit ($250 twice per calendar year) ✦ Up to $400 ZipRecruiter credit ($200 January to June and again July to December) ✦ $200 Google Workspace credit ✦ $100 Giftcards.com ($50 January to June and again July to December for purchases at giftcards.com/reservebusiness) ✦ Points worth up to 2 cents each towards qualified bookings through Chase Travel(SM) ✦ Transfer points to airline & hotel partners ✦ Primary auto rental coverage ✦ Priority Pass Select lounge access ✦ Access Sapphire Lounges for yourself and 2 guests for free ✦ Access select Air Canada Maple Leaf lounges when flying Star Alliance ✦ Up to $120 Global Entry or TSA PreCheck® or NEXUS Application Fee Statement Credit ✦ IHG One Rewards Platinum status through 12/31/27 ✦ Free DoorDash DashPass through 2027 ✦ Two promos of $10 off each month on non-restaurant orders from DoorDash ✦ $5 off restaurant order each month from DoorDash ✦ $10 monthly Lyft credit See also: Chase Ultimate Rewards Complete Guide |
| Card Offer and Details |
|---|
 ⓘ $1372 1st Yr Value EstimateClick to learn about first year value estimates $1000 cash back* ⓘAffiliateThis is an affiliate offer. Frequent Miler may earn a commission if you are approved for this offer Earn Recent better offer: $900 (*awarded as 90,000 points) after $6k spend in the first 3 months. (Expired 11/13/25) FM Mini Review: This one should be in everyone's wallet. Incredible welcome offer for a no-annual-fee card. Great card for 5X categories. Excellent companion card to Sapphire Reserve, Sapphire Preferred, or Ink Business Preferred. Click here for our complete card review Earning rate: 5X office supplies and cellular/landline/cable (on up to $25,000 in total purchases in 5x categories annually) ✦ 2X on the first $25K in combined purchases at gas stations and restaurants each cardmember year ✦ 5x Lyft through September 2027 Card Info: Visa Signature Business issued by Chase. This card imposes foreign transaction fees. Noteworthy perks: Complimentary Instacart+ for 3 months (must activate by 12/31/27) ✦ $20 monthly Instacart credit See also: Chase Ultimate Rewards Complete Guide |
| Card Offer and Details |
|---|
 ⓘ $1432 1st Yr Value EstimateClick to learn about first year value estimates $1000 cash back* ⓘAffiliateThis is an affiliate offer. Frequent Miler may earn a commission if you are approved for this offer Earn Recent better offer: $900 (*awarded as 90,000 points) after $6k spend in the first 3 months. (Expired 11/13/25) FM Mini Review: Great welcome offer for a no annual fee card. Good option for earning 1.5X everywhere. Good companion card to Ink Business Preferred, Sapphire Reserve or Sapphire Preferred. Click here for our complete card review Earning rate: 1.5X on all business purchases ✦ 5X Lyft through September 2027 Base: 1.5X (2.25%) Card Info: Visa Signature Business issued by Chase. This card imposes foreign transaction fees. Noteworthy perks: Complimentary Instacart+ for 3 months (must activate by 12/31/27) ✦ $20 monthly Instacart credit See also: Chase Ultimate Rewards Complete Guide |
Comparing the Sapphire Reserve® cards
There are now all-time best offers on both the Sapphire Reserve for Business and the Chase Sapphire Reserve® cards (although the consumer card’s offer will expire on June 15th). Below is a comparison of the various benefits of each one .
| Consumer | Business | |
|---|---|---|
| Annual Fee | $795 | $795 |
| Additional Card Fee | $195 | $0 |
| Point Earning Rates: | ||
| Chase Travel | 8x | 8x |
| Flights & Hotels | 4x | 4x |
| Dining | 3x | 1x |
| Online Advertising | 1x | 3x |
| Lyft through 9/30/27 | 5x | 5x |
| Perks: | ||
| Points Boost (Up to 2x) | Yes | Yes |
| Point transfer to Airlines & Hotels | Yes | Yes |
| Excellent Travel Protections | Yes | Yes |
| Priority Pass w/ 2 Guests | Yes | Yes |
| Sapphire Lounge Access w/ 2 Guests | Yes | Yes |
| Authorized User Lounge Access | Yes | No |
| IHG Platinum Status thru 12/31/27 | Yes | Yes |
| Free Subscription to Apple TV+ | Yes | No |
| Free Subscription to Apple Music | Yes | No |
| Reserve Travel Designers | Yes | No |
| Sapphire Reserve Exclusive Tables | Yes | Yes |
| Credits: | ||
| Travel Credit | $300 per Membership Year | $300 per Membership Year |
| Global Entry / TSA Pre / Nexus | $120 per 4 Years | $120 per 4 Years |
| The Edit (Hotels) | $250 2x per year | $250 2x per year |
| Lyft In-App Credit | $10 per Month | $10 per Month |
| DoorDash Restaurant Promo | $5 per Month | $5 per Month |
| DoorDash Non-Restaurant Promo | $10 twice per Month | $10 twice per Month |
| Sapphire Reserve Exclusive Tables | $150 per 6 Months | $0 |
| StubHub | $150 per 6 Months | $0 |
| Peloton | $10 per Month | $0 |
| ZipRecruiter | $0 | $200 per 6 Months |
| Google Workspace | $0 | $200 per Year |
| giftcards.com/reservebusiness | $0 | $50 per 6 Months |
| Big Spend Benefits: | $75K Spend: | $120K Spend: |
| IHG One Rewards Diamond Elite Status | Yes | Yes |
| Southwest Airlines A-List Status | Yes | Yes |
| $500 Southwest Airlines credit | Yes | Yes |
| Shops at Chase credit | $250 | $500 |
Quick Thoughts
The 200K Ultimate Rewards points that the Sapphire Reserve for Business (CSRB) offers are a massive haul, though the $30k minimum spend requirement will be a hurdle for many. For those who wouldn’t struggle to meet the spending requirement, however, this card could provide an opportunity to pick up a nice chunk of points in one shot.
However, arguably more impressive are the two no-annual-fee cards. While each only allows you to earn 100,000 points, they also only require $8k in minimum spend, just over a quarter of $30K that you have to plunk down for the CSRB’s 200K offer. Both cards are missing most of the various coupons features of the Sapphire Reserve for Business, but they’re also missing the $795 in additional annual fee.
That said, remember that you’ll soon need one of the two Sapphire Reserve cards to enable 1:1 transfers to Hyatt. This starts on June 15th for new applicants and on October 1st for existing cardholders, but it’s a paradigm we all have to get used to when considering whether a Sapphire Reserve card deserves a place in our household portfolios.
Whether those Hyatt transfers and the Reserve cards’ coterie of coupons add up to nearly $800 in annual juice will vary by individual, but there are undoubtedly some folks out there who won’t care during the first year, when there are 200,000 additional reasons to pick up the CSRB.
Chase Application Tips
- 5/24 Rule: You are unlikely to be approved for a new card if you have opened 5 or more cards (with any bank) within the past 24 months. Most business cards do not count towards that five-card total. Business cards that DO count include: TD Bank, Discover, and the Capital One Spark Cash Select, Spark Miles, and Spark Miles Select.
- 24 Month Rule: If you’ve had a card before, you can only get a welcome offer on that card again if you no longer have it, AND it's been more than 24 months since you last received a welcome offer for that card. This rule does not apply to the Sapphire Preferred and Reserve cards (see below). There can also be exceptions with some business cards.
- Sapphire cards: The Sapphire Preferred or Sapphire Reserve cards no longer have a family rule that prevents you from getting one if you currently have the other. However, both now have limitations that may prevent you from being eligible for a welcome offer if you've previously had the same card. In that event, you'll get a pop-up window telling you that you're not eligible, and you will be asked whether you want to proceed with the application without the welcome offer attached.
- Southwest "Family" Rules: Chase applies additional "family" rules to the Southwest cards. You're not eligible for the welcome offer on a personal Southwest card if you currently have one, or if you've received a welcome offer on any personal Southwest card within the last 24 months. This doesn't apply to business cards. You also can't be approved for the Southwest consumer card if you already have one open.
- IHG "Family" Rules: You're not eligible for the welcome offer if you've received one on any personal IHG card within the last 24 months. You also can't be approved for another IHG consumer card if you already have one open. You can have both an IHG personal and an IHG business card.
- Ink "Lifetime" Rule: You "may not" be eligible for the welcome offer on an Ink no-annual-fee card if you have ever had the same card or any other Chase for Business card without an annual fee. In addition, you may not be eligible for a welcome offer on a Chase Ink Business Preferred card if you currently have the card or have had it in the past. We don't yet know how consistently this is enforced.
- 2 per month Rule: Most applicants are limited to 2 new cards per 30 days. Business cards are usually limited to one per 30 days.
- Marriott cards: Approval for any Marriott card is governed by a labyrinthine set of unintuitive rules. You can see the full eligibility chart here.
- Card Limits: Chase doesn't have a strict limit on the number of cards you can have, but it does place limits on the total credit it will issue across all cards. Because of this, reconsideration can sometimes be successful by moving credit from one existing card to the new card that you want.
- Application Status: Call (888) 338-2586 to check your application status.
- Reconsideration: If denied, call (888) 270-2127 for personal cards or (800) 453-9719 for business cards, and ask that your application be reconsidered.
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