Chase dropped a bombshell in 2025.
Not literally. But they launched the Sapphire Reserve for Business, their new premium heavy-hitter. It’s pricey. It’s packed. And right now? The welcome offer is massive.
I’m breaking down the 150k point deal because, honestly, it keeps sticking around as one of the better moves on the market.
What Are You Getting?
Right now the pitch is simple: spend $20,000 in your first three months and you get 150,00 Chase Ultimate Rewards points.
That’s not a typo.
I value these points at about 1.7 cents apiece. That puts the bonus at roughly $2,550 in value to me. Big money. Big spend requirement? Yes. But the math works if you actually run your business expenses through this thing.
Note: This is the best public bonus available. Historically? We saw 200k. But those days feel distant. Don’t wait for perfection. Take what’s on the table.
Who Can Actually Apply?
Here is the good news. This card operates in its own sandbox.
Eligibility doesn’t bleed into your other Chase accounts. Had an Ink card? Didn’t hurt. Had a personal Sapphire? Doesn’t matter. If you qualify for business credit cards generally you qualify for this offer.
There is one catch, though. Chase still has the 5/24 rule. That’s the unofficial threshold where getting new cards from Chase gets really hard. Opened five new accounts anywhere in the last 24 months? You’re usually blocked. Though lately people are reporting approvals anyway. Weird, right? But don’t bank on the loophole being wide open.
Is It Worth The $795 Fee?
The annual fee stings. $795.
But look at what comes back.
- $300 annual travel credit auto-applies to bookings. Basically cash back on travel.
- Priority Pass Select for lounges everywhere. Plus access to Chase Sapphire lounges. Some of the best seats in the house.
- Tech credits that actually matter. Up to $400 for ZipRecruiter? Huge for growing teams. Up to $200 for Google Workspace? Essential. $100 for Giftcards.com? Nice perk for holidays.
Then there is the earn rate. It is aggressive where it counts.
- 8x points on Chase Travel bookings.
- 4x points on flights and hotels booked directly with the provider.
- 3x points on digital ads via social media or search engines.
Most other purchases give 1x.
Add in travel protections—delayed flights, lost bags, rental car waivers—and this card acts as the hub for the whole Ultimate Rewards ecosystem. You can transfer points to airlines. You can book cheaply via Chase. It maximizes your other Chase cards too.
Oh and you get a credit for Global Entry or TSA PreCheck once every four years.
Spend Like A Boss (Or At Least Try)
If you want status this is your ticket.
Hit $120,000 in spending per year and you unlock some serious perks:
1. IHG One Rewards Diamond status.
2. Southwest Rapid Rewards A-List.
3. $500 credit for Southwest purchases.
4. $500 Shopped at Chase credit.
It is an incentive to keep the card alive.
Quick Answers
Is the 150k bonus still there?
Yes. Still sitting at ~$2,551 in my valuation.
Do I have to be cardless to qualify?
For this specific card, yes. If you’ve held the Sapphire Reserve for Business before, you can’t get the bonus again. Your history with other Chase cards is irrelevant.
Will the 5/24 rules stop me?
Maybe. Maybe not. Chase applies it inconsistently now. Your mileage may vary. Literally.
Does having an Ink Business Preferred ruin this?
No. The Ink series is separate.
When does this end?
Nobody knows. No expiration date listed.
Bottom Line
The Chase Sapphire Reserve for Business offers 150k points after hitting the $20k spend.
It’s not the record-breaking 200k offer. It’s not for people who spend $500 a year. But for serious business owners, the fee gets eaten by credits. The points pay off. The travel protections are solid.
Just do the math. Does it work for your volume?
Or is it just another high-fee card collecting dust in a drawer? 🤷♂️
Ben Schlappig, OMAAT founder. Over 5 million miles traveled. Millions of words written. Still flying. ✈️
