The Chase Sapphire Reserve for Business is still offering 200,000 Ultimate Rewards points after you spend $30,000 in the first six months, according to The Points Guy, which lists the offer as extended. That is one of the largest business card bonuses out there, but the spend is steep, so here is what you need to know before you apply.
| What are the details of the Sapphire Reserve Business bonus? | |
This is a limited-time welcome offer on Chase's premium business card, which carries a $795 annual fee. The Points Guy shows it as an extended offer, with 150,000 points listed as the previous bonus. Chase has not published an end date.
Bonus: 200,000 Chase Ultimate Rewards points
Spending requirement: $30,000 within the first six months (about $5,000 per month)
Annual fee: $795
End date: not published, so treat it as a limited-time offer
Eligibility is separate from other Chase Sapphire and Ink cards
| How much is 200,000 Chase Ultimate Rewards points worth? | |
200,000 points is worth roughly $3,400 at a conservative 1.7 cents per point, and more if you transfer to the right airline or hotel partner. Run your own numbers with our Chase Points Calculator or the Points & Miles Value Calculator.
On top of the bonus, you will also earn points on the spending itself. The card earns 8x on Chase Travel bookings, 5x on Lyft rides through September 30, 2027, 4x on flights and hotels booked direct, 3x on social media and search engine advertising, and 1x on everything else. Starting November 15, 2026, that 3x advertising rate is capped at $1 million in spend per anniversary year.
| Who is eligible for the Sapphire Reserve Business welcome offer? | |
Eligibility on this card is unrelated to whether you hold or have held any other Chase Sapphire or Ink card. If you qualify for business credit cards, you should generally qualify here. The main restriction is that you are not eligible for the bonus if you have had this specific card in the past.
You do not need a corporation to apply. A sole proprietorship qualifies, so a side gig like freelancing or a rental property can potentially get you approved. There is no published minimum credit score, though a score in the good to excellent range, ideally 700+, is a sensible target. Scores are only one factor in approvals.
Chase's 5/24 rule may still apply to some applicants, meaning you could be declined if you have opened five or more new card accounts in the past 24 months. It is not applied consistently these days, so results vary.
| Is the Sapphire Reserve Business worth the $795 annual fee? | |
For many business owners, yes, because credits and benefits can offset much of the fee if you would use them anyway. Credits include up to $300 in annual travel credit, up to $500 a year on The Edit by Chase Travel hotel bookings (rising to $1,000 on January 1, 2027, per Upgraded Points), up to $400 for ZipRecruiter, up to $200 for Google Workspace, up to $100 for Giftcards.com, and up to $120 toward Global Entry, TSA PreCheck, or NEXUS every four years.
You also get access to Chase Sapphire Lounges and a Priority Pass membership (enrollment required), plus IHG One Rewards Platinum status for as long as you hold the card. Spend $120,000 in a calendar year and you unlock bigger perks, including IHG One Rewards Diamond status and Southwest Rapid Rewards A-List status.
| The catch: what to watch before you apply | |
The $30,000 spending requirement works out to about $5,000 per month, which is not realistic for every small business.
No end date is published, so the 200,000-point offer could change at any time.
Many credits are tied to specific merchants and expire on set dates, so only count the ones you will actually use.
Product changing from another Chase card generally does not earn the bonus; you need to apply directly.
The 5/24 rule can still trip up some applicants.
Never chase a bonus by spending money you would not otherwise spend.
| Frequently asked questions | |
When does the Chase Sapphire Reserve Business 200K offer end?
There is no published end date. The Points Guy lists the 200,000-point offer as extended, so it could change at any time. If you are interested, sooner is safer than later.
Can I get both the personal and business Chase Sapphire Reserve?
Yes. Eligibility for the personal and business versions is considered independently, so you can earn both welcome offers.
Can I get the Sapphire Reserve Business with a sole proprietorship?
Yes. You do not need a corporation, and a sole proprietorship can potentially qualify you for the card.
Do I get the bonus if I product change to this card?
Generally no. The welcome offer is only available to people who apply directly for the card under an eligible offer.
| The bottom line | |
If your business can comfortably put $30,000 on a card in six months, 200,000 points is a huge return and the credits can cover much of the $795 fee. If that spend is a stretch, compare it with the Amex Business Gold bonus of up to 200,000 points before you decide.
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