Last updated: June 23, 2025

Partner Site: Learn more about this and other credit cards

The Sapphire Reserve for Business℠ Credit Card is a newly launched premium-level business credit card from Chase, which allows you to accrue highly valuable Chase's Ultimate Rewards® Points for all your eligible spendings.

In this posting, I will describe major features of this new business credit card, and then will explain various ways you can redeem your hard earned Ultimate Rewards points.

1. Major Features

The Sapphire Reserve for Business℠ has the following major features.

1) Welcome Bonus 

You will earn 200,000 bonus points after you spend $30,000 on purchases in your first 6 months from account opening.

If redeemed for statement credits, each Ultimate Rewards point is valued at $0.01. For instance, you can get statement credit of $100 by redeeming 10,000 points. But as explained below, you can use these Ultimate Rewards at a much higher value.

2) $300 Annual Travel Credit 

When you use your card for travel purchases (for example, for hotel reservations), you will automatically receive up to $300 Annual Travel Credit in the form of reimbursements.

Note: “Annual” here means a membership year, not a calendar year.

This premium business credit card has $795 annual fee. But with the $300 Annual Travel Credit, your actual annual fee can be said to drop down to $495.

3) $500 credit for stays with The Edit℠

You will earn up to $250 in statement credits from January through June and again from July through December for prepaid bookings made with The Edit.

While there is a two-night minimum requirement, you will enjoy complimentary benefits like a $100 property credit, daily breakfast for two, room upgrades (if available) and more.

If you can use this benefit twice a year, this will essentially lower your annual fee down by $500.

3) Over $2,500 in annual value 

This business card comes with many lucrative opportunities, such as $200 Google Workspace Credit and $400 ZipRecruiter Credit (Terms apply).

Many of these benefits may be limited due to your locations, but if you can use them appropriately, these benefits would result in many wonderful savings and experience.

4) For High Spenders

Spend $120,000 and unlock a suite of additional benefits including up to $500 in statement credits for The Shops at Chase, IHG® One Rewards Diamond Elite Status, Southwest® Rapid Rewards A-List Status, and up to $500 in statement credits for Southwest Airlines flights booked through Chase Travel.

You'll receive these benefits for each calendar year in which you qualify and through the following calendar year. (Terms apply, and Southwest Airlines purchases made in Chase Travel by Employee Cardmembers will not qualify.)

Partner Site: Learn more about this and other credit cards

2. How best use Chase Ultimate Rewards® points? 

With Sapphire Reserve for Business℠ Credit Card, you earn Ultimate Rewards® points, a highly versatile proprietary rewards program of Chase, for your business expenses.

Ultimate Rewards® points have many uses. 

To name a few,

1) First, you can use them as if they are cash-equivalents.

For instance, you can get statement credit of $100 by redeeming 10,000 points. In this case, the point value is 1 point = 1 cent.

2) Chase Travel (SM) portal

If you want extract some more value from your hard earned Ultimate Rewards points, you can redeem them at Chase Travel (SM) portal for airline tickets, hotel stays or car rentals. Points are worth more when you redeem for travel through Chase TravelSM.

3) Transfer to partner airlines

Potentially, the best redemption value can be achieved when you transfer Ultimate Rewards points to partner airlines and then book premium class award tickets.

As of this writing (June 2025), you can transfer Ultimate Rewards points into airline miles for a total of 11 airlines: United, Air Canada, Air Lingus, British Airways, Iberia, Flying Blue (Air France), Emirates, JetBlue, Singapore, Southwest and Virgin Atlantic.

Among these airlines, Virgin Atlantic, United, Southwest, and British Airways are relatively easier to use.

For example, Virgin Atlantic has an incredible award opportunity with All Nippon Airways. Likewise, Air Canada's Aeroplan is a great option for those traveling with children under 2 years of age.

4) Transfer to Hyatt points

Those of you who find airline redemption to be difficult may want to convert Ultimate Rewards points into Hyatt points.

While Ultimate Rewards points can also be transferred to Marriott Bonvoy and IHG at 1:1 ratio, only Hyatt points make financial sense.

For example, a night at Park Hyatt in Manhattan, New York, requires close to $700-$1,000 per night. But if you convert Ultimate Rewards points into Hyatt points, you can do it only with 40,000 points (Off-peak nights are 35,000 points, and peak nights are 45,000 points). In this case, your Ultimate Rewards points are valued as high as 2.5 cent per point.