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The 200K Chase Sapphire Reserve for Business card, with a $795 annual fee, has launched, coinciding with the updated Chase Sapphire Reserve (see $795 Chase Sapphire Reserve Card: Worth It?) along with significant couponing akin to AMEX cards. 200,000 Ultimate Rewards points is a high signup bonus, but so is the required spend to earn the bonus: $30,000 within the first 6 months of account opening. Assuming your business has ample spend, such that $30K doesn't represent much opportunity cost in terms of other signup or category bonuses you could be earning, this could be a good deal, at least for the first year.
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Similar to the updated personal Chase Sapphire Reserve, the new Sapphire Reserve for Business comes with a $300 annual statement credit for travel (making the annual fee effectively $495) and earns 4X points on all flights and hotels booked direct, but unfortunately it lacks the 3X points on dining, which is a shame, given that business dinners for clients are often a key expense, at least in some industries. Instead, it earns 3X points per dollar spent on social media and search engine advertising.
Also similar to the personal Sapphire Reserve are a series of coupons with various vendors, many of which will be pretty useless to many businesses: a $200 ZipRecruiter hiring credit twice a year; $200 Google Workspace credit; and $50 gift card credit twice a year, in addition to potentially more useful $10 per month Lyft credit and other standard Reserve benefits such as access to Chase Sapphire Lounges, Priority Pass Select membership, the $120 Global Entry application fee every 4 years, and travel protection.
Since this is a wholly new product, everyone is eligible to earn the signup bonus. And a benefit of Chase business credit cards is that they don't appear on one's personal credit report, and aren't counted for purposes of Chase 5/24. Chase typically denies a new credit card if you've opened 5 or more cards with any bank over the past 24 months (not only with Chase), and this goes for new Chase business credit card applications. However, an application for a new Chase Sapphire Reserve for Business card would not add to one's application count, making it advantageous to apply for business cards before applying for any personal credit cards.
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