The Sapphire Reserve for Business℠ 200K bonus is live again as of today, June 12, 2026, and Chase is openly calling it the best offer it has ever put on this card. New cardmembers earn 200,000 bonus points after spending $30,000 on purchases in the first 6 months, up from the previous 150,000-point offer. The Chase Sapphire Reserve for Business carries a $795 annual fee, and there is no published end date on the elevated bonus, so treat the window as open but not guaranteed.
The Offer: 200,000 Points After $30,000 Spend in 6 months
The terms are simple. Spend $30,000 on purchases within 6 months of account opening and 200,000 Ultimate Rewards points land in your account. That works out to an average of $5,000 per month in business spend.
What 200,000 Chase Points Are Worth
The floor is $2,000 in travel bookings through Chase Travel℠ at one cent per point. Chase’s own marketing pegs the bonus at up to $4,000 toward select flights and hotels through Chase Travel, which reflects boosted redemptions on eligible bookings.
But the ceiling is much higher. Transfer 200,000 points to partners like World of Hyatt and you are routinely clearing 1.5 to 2 cents per point on real redemptions, which puts the bonus alone at $3,000 to $4,000 or more in travel without touching the boosted portal rates. Transfer to Air France and that’s 3 business class seats to Paris with points left to spare. This is the math that justifies chasing a bonus this size.
The $30,000 Spend Requirement Is the Catch
The spend requirement filters for businesses that actually run meaningful expenses through a card. If your business naturally spends $5,000 a month on advertising, inventory, software, shipping, or travel, this is a layup. If you would need to invent spend to get there, the risk and effort usually are not worth it, and prepaying expenses you do not need is just spending money to earn points worth less than the money.
Be honest with yourself about the 6-month runway before you apply. Missing a $30,000 spending threshold after paying a $795 annual fee is the worst outcome on the board.
It is also worth noting that there is no particular reason other than your own accounting to keep personal and business spend separate. So if you’re comfortable mixing the two, you can absolutely put personal spend on a business card and vice-versa.
Key Benefits While You Hold It
The earning structure leads with 8x on all purchases through Chase Travel including The Edit, 4x on flights and hotels booked direct, 3x on social media and search engine advertising, 5x on Lyft through 9/30/27, and 1x everywhere else. That 3x advertising category is quietly the best earner here for a lot of online businesses.
The credits are extensive, and I have broken them out in the table below. The headline items are the $300 annual travel credit, up to $500 annually for stays booked through The Edit, and a stack of business credits covering Google Workspace, ZipRecruiter, DoorDash, Lyft, and gift cards. There is also a one-time $250 credit for select Chase Travel hotel bookings that expires 12/31/26, so that one is a use-it-soon item.
Cardholders also get Chase Sapphire Lounge access plus 1,300+ Priority Pass lounges with up to two guests, IHG One Rewards Platinum Elite status through 12/31/27, and a Global Entry, TSA PreCheck, or NEXUS fee credit every four years. Heavy spenders who put $120,000 on the card in a calendar year unlock a second tier: World of Hyatt Explorist status, IHG Diamond Elite status, a $500 Shops at Chase credit, and a $500 Southwest Airlines Chase Travel credit with A-List status.
One honest caveat that applies to the whole credit stack: credits only count as value if you would have spent the money anyway. Score the card on the credits you will actually use, not the brochure total.
| Credit | Value | Fine Print |
|---|---|---|
| Annual travel credit | $300 | Any travel, per anniversary year |
| The Edit hotel credit | $500 | Max $250 per transaction, two-night minimum |
| Select Chase Travel hotels | $250 | Expires 12/31/26. IHG, Omni, Montaqe, Pendry, Virgin and more. Two-night minimum |
| ZipRecruiter | $400 | $200 Jan to Jun, $200 Jul to Dec |
| DoorDash value | $420 | $120 DashPass membership plus up to $25 in monthly promos |
| Google Workspace | $200 | Purchases made directly with Google Workspace |
| Lyft in-app credit | $120 | $10 monthly, through 9/30/27 |
| Curated gift cards | $100 | $50 per half year at giftcards.com collection |
| Global Entry / PreCheck / NEXUS | $120 | Once every four years |
Click here to learn more about the Sapphire Reserve for Business℠
Who Should Skip This
Skip this card if you cannot hit $30,000 in organic spend within 6 months. Skip it if you are at or over 5/24, since Chase business card approvals are still subject to the rule even though the card itself will not add to your count. Skip it if you have held the Sapphire Reserve for Business before, since the bonus language suggests you will not be eligible again.
Bottom Line
A 200,000-point bonus is the largest public offer Chase has attached to this card, and for a business that naturally clears $5,000 a month in spend, the math is excellent: $4,000 or more in travel from the bonus alone, before the earning rates and credits do anything. The spend requirement is doing the gatekeeping, so let it. If the $30,000 is organic, apply. If it is not, this offer was not built for you, and that is fine, because Chase currently has two other excellent offers on business cards.
Leave a Reply