Editorial and Partnership Disclosure
Chase Sapphire Reserve® is a personal credit card ideal for business owners who travel frequently and need complimentary access to more than 1,300 airport lounges in 500 cities worldwide. It offers premium rewards on flights, hotel bookings, and car rentals. However, it comes with a high annual fee of $550 and an additional charge of $75 for each authorized user.
| Intro APR | N/A |
|---|---|
| Regular APR | 19.49% - 27.99% Variable |
| Annual Fee | $795 |
| Credit Needed | Excellent |
- 60,000 bonus points (worth $900 in travel) after spending $4,000 on purchases in the first three months after opening an account
- 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® after the first $300 is spent on travel purchases annually
- 10x total points on Chase dining booked through Chase Ultimate Rewards®—these include prepaid restaurant reservations, ordering takeout, or joining virtual cooking events
- 5x total points on flights when you purchase travel through Chase Ultimate Rewards® after the first $300 is spent on travel purchases annually
- 3x points on other travel worldwide after the first $300 is spent on travel purchases annually
- 3x points on dining and restaurants (including eligible delivery services, takeout, and dining out)
- Luxury Hotel & Resort Collection™: You can secure the Luxury Hotel & Resort Collection™ and upgrade your hotel accommodations with room upgrades, complimentary daily breakfast, late checkout, and a special benefit of up to $100.
- Travel accident insurance: You are eligible to receive accidental death or dismemberment coverage of up to $1,000,000 when you pay for your air, bus, train, or cruise transportation with your card.
- Purchase protection: You can get protection for purchases made using your card against damage or theft within 120 days from the date of purchase. You’re allowed a maximum of $10,000 coverage per claim and $50,000 annually.
- Return protection: You can receive coverage if the eligible item bought with your card isn’t taken back by the store. You can be reimbursed for eligible items within 90 days of purchase, up to $500 per item and $1,000 per year.
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How We Evaluate Travel Rewards Credit Cards
When evaluating personal credit cards for business like the Chase Sapphire Reserve®, we first considered the introductory and ongoing annual percentage rates (APR). After which, we check if the card offers unique features, charges annual fees, and has introductory and ongoing rewards.
| Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
| Introductory APR | 0 | 20 |
| Ongoing APR | 15 | 20 |
| Features | 15 | 15 |
| Annual Fee | 5 | 15 |
| Ongoing Rewards | 15 | 15 |
| Introductory Rewards | 15 | 15 |
| Total Score | 65 | 100 |
Who the Chase Sapphire Reserve® Is Best For
- Those who travel frequently: It provides premium rewards for flights, hotel stays, dining, and car rentals booked through Chase Ultimate Rewards®.
- Those who need access to airport lounges: It offers Priority Pass Select Membership, which, after registering, gives you complimentary access to more than 1,300 airport lounges worldwide.
Chase Sapphire Reserve® Rewards
Welcome Offer
- Earn 100,000 bonus points after you spend $6,000 on purchases in the first 3 months from account opening.
Points Rewards
- $300 annual travel credit as reimbursement for travel purchases charged to your card each account anniversary year
- 10x total points on hotels (excluding The EditSM) and car rentals when you purchase travel through Chase Ultimate Rewards® after the first $300 is spent on travel purchases annually
- 10x total points on qualifying Lyft rides
- 10x total points on Chase dining booked through Chase Ultimate Rewards®—these include prepaid restaurant reservations, ordering takeout, or joining virtual cooking events
- 5x total points on flights when you purchase travel through Chase Ultimate Rewards® after the first $300 is spent on travel purchases annually
- 3x points on other travel worldwide after the first $300 is spent on travel purchases annually
- 3x points on dining and restaurants (including eligible delivery services, takeout, and dining out)
Chase Sapphire Reserve® Calculator
Determine how much you can earn from the based on your estimated monthly expenses. Our rewards calculator will compute your potential rewards—just enter your expected monthly spending, and our calculator will do the rest.
Note that when calculating the value of your earned points rewards, the $300 annual credit shall be added to your potential annual rewards value for this credit card. Also, each point is valued at 0.015 cents.
Chase Sapphire Reserve® Calculator
Your potential annual reward earnings are:
How To Redeem Chase Sapphire Reserve® Rewards
You can redeem your points as a statement credit, gift card, or for travel on your credit card reward portal or the Chase mobile app. Simply login on your Chase account, select “Ultimate Rewards” at the bottom left, and choose the card you want to access. Make sure you pick how you’d like to use your earned points.
Chase Sapphire Reserve® Features
Travel Protection & Insurance
- Auto rental coverage: Decline the rental company’s collision insurance after using it to rent a car in the United States or abroad. Coverage is primary and provides reimbursement of up to $75,000 for theft and collision damage for rentals.
- Trip cancellation and interruption insurance: Receive reimbursement of up to $10,000 per covered traveler and $20,000 per trip if your pre-paid, non-refundable trip is canceled or cut short by sickness, severe weather or other covered situations.
- Trip delay reimbursement: Be covered for unreimbursed expenses, such as meals and lodging, up to $500 per ticket if your common carrier travel is delayed more than six hours or requires an overnight stay.
- Travel accident insurance: Be eligible to receive accidental death or dismemberment coverage of up to $1,000,000 when you pay for your air, bus, train, or cruise transportation with your card.
- Travel and emergency assistance services: Call the Benefit Administrator for any legal and medical referrals, or travel emergency assistance if you run into a problem while traveling.
- Lost luggage reimbursement: Be reimbursed of up to $3,000 per passenger if you or an immediate family member’s check or carry-on luggage is damaged or lost by the carrier.
- Emergency evacuation and transportation: Receive coverage for medical services and transportation for up to $100,000 if you or an immediate family member are injured or become sick during a trip and require an emergency evacuation.
- Roadside assistance: Call for a tow, jump-start, tire change, locksmith, or gas in the event you have a roadside emergency. Note that you are covered for up to $50 per incident, four times a year.
- Emergency medical and dental benefit: Be reimbursed up to $2,500 for medical expenses if you or your immediate family members become sick or injured while away from home on a trip.
Purchase & Return Protection
- Purchase protection: Get protection for purchases made using your card against damage or theft within 120 days from the date of purchase. You’re allowed a maximum of $10,000 coverage per claim and $50,000 annually.
- Return protection: Receive coverage if the eligible item bought with your card isn’t taken back by the store. You can be reimbursed for eligible items within 90 days of purchase, up to $500 per item and $1,000 per year.
- Extended warranty protection: Be ensured that the period of any US manufacturer’s warranty is extended by an additional year for those with warranties of three years or less.
- Zero liability protection: Be safeguarded against potential fraudulent charges made with your card as Chase provides 24/7 fraud monitoring and protection against unusual purchases.
Purchase Incentive
- After purchase (formerly My Chase Plan®): Pay off eligible purchases of $100 or more over time in equal payments without incurring interest. Note that a fixed monthly fee will be included when you decide to put your purchases under My Chase Plan.
Partner benefits
- Lyft: Receive two complimentary years of Lyft Pink All Access (valued at $199 per year) when activated by Dec. 31, 2024.
- DoorDash DashPass subscription: Get complimentary access to DashPass (valued at $120 per year)—a membership for both DoorDash and Caviar—which unlocks $0 delivery fees and lower service fees on eligible orders when activating this by December 31, 2027.
- Monthly DoorDash credit: Secure up to $25 in monthly savings—$5 monthly credit automatically credited to your DoorDash account and up to $20 per month on non-restaurant DoorDash orders.
- Peloton: Earn 10x total points on over $150 in Peloton equipment and accessory purchases with a max earn of 50,000 total points now until March 31, 2025.
- Priority PassTM Select Membership: Receive a complimentary Priority Pass Select Membership and get access to more than 1,300 VIP airport lounges worldwide.
- The EditTM: Book through The EditTM and get access to a curated collection of inspired stays with cardmember benefits including daily breakfast for two, a $100 property credit, room upgrades, and more.
- Global Entry or TSA PreCheck® or NEXUS Fee Credit: Get one statement credit of up to $120 every four years as reimbursement for the application fee charged to your card.
Chase Sapphire Reserve® Fees
APR
- Introductory: N/A
- Ongoing: 19.49% - 27.99% Variable
- Balance transfer: N/A
- My Chase LoanSM: 21.99% to 28.99% variable, which adjusts with the prime rate
- Cash advance: 28.49% Variable
- Penalty: Up to 29.99% variable. This will be applied to your account indefinitely if you:
- Failed to make a minimum payment
- Made a returned unpaid payment
Fees
- Annual: $795
- My Chase LoanSM: 1.72% per month of the amount of each eligible purchase transaction or amount selected to create a My Chase Plan. Note that the fee will be determined at the time each My Chase Plan is created and will remain the same until it’s paid in full.
- Balance transfer: Either $5 or 5% of the amount of each transfer, whichever is greater.
- Cash advance: Either $10 or 5% of the amount of each transaction, whichever is greater.
- Foreign transaction: $0
- Late and returned payment: N/A
- Return check: None
Your due date is at least 21 days after the close of each billing cycle.
How To Make Payments
- Online or Chase Mobile® App: Go to chase.com/paycard to sign in and make a payment online. You can also enroll in automatic payments through the website or mobile app. When you enroll, specify the deposit account from which your payment will be deducted and how much you’d like to pay, such as the full statement balance, minimum payment due, or any fixed amount.
- Phone: Call the automated phone service at (800) 436-7958.
- Mail or money order: Include your name and full account number on your check or money order—and don’t send cash. Mail your payment to the following address:
Cardmember Services
PO Box 6294
Carol Stream, IL 60197-6294
Alternatively, you can send your payment via overnight mail to the following address:
Chase Card Services
201 N. Walnut St.
Del-0153
Wilmington, DE 19801
- Nearest Chase ATM or branch: Find the nearest Chase ATM or branch.
N/A® Alternatives
Ink Business Preferred® Credit Card
| Intro APR | N/A |
|---|---|
| Regular APR | 17.74% - 26.74% Variable |
| Annual Fee | $95 |
| Credit Needed | Excellent, Good |
- Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
- Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Member FDIC
- Cellphone protection: Get up to $1,000 per claim in cellphone protection against covered theft or damage for you and your employees listed on your monthly cellphone bill
- Purchase protection: Can cover your new purchases for 120 days against damage or theft of up to $10,000 per claim and $50,000 per account
- Extended warranty protection: You can extend the period of the United States manufacturer’s warranty by an additional year, on eligible warranties of three years or less.
- Fraud monitoring: Chase will help keep your accounts safe with account alerts―and you can choose how you’d like to receive them
- Free employee cards: You can create employee cards at no additional cost, and lets you set individual spending limits―helping you earn rewards even faster
If you are looking for an alternative Chase travel business credit card, then we suggest the Ink Business Preferred® Credit Card. This card offers a low annual fee and lets you earn 3x points per dollar spent on the first $150,000 in combined purchases in four categories
U.S. Bank Business Altitude® Connect Visa Signature® Card
| Intro APR | N/A |
|---|---|
| Regular APR | 18.24% - 25.24% Variable |
| Annual Fee | $0 intro annual fee for the first year, $95 thereafter. |
| Credit Needed | Excellent, Good |
- Earn 60,000 bonus points if you spend $6,000 on the Account Owner's card in the first 180 days from account opening.
- Earn 5X points on prepaid hotels and car rentals booked directly in the Travel Center when using your card.
- Earn 4X points on travel, gas and EV charging stations* on the first $150,000 in combined annual spend (*excludes discount stores/supercenters and wholesale clubs).
- Earn 2X points on dining, takeout, restaurant delivery and cell service providers.
- Earn 1X points on all other eligible spend.
- Earn a $25 statement credit for every three consecutive monthly taxi or rideshare trips.
- $0 intro annual fee for the first year, $95 per year thereafter.
- Points transfer between business and consumer U.S. Bank Altitude products (excluding Reserve).
- Airport lounge access - Priority Pass™ Digital annual membership with access to more than 1,700 VIP lounges worldwide, plus four complimentary visits per membership year.
- Take control of your card spend with U.S. Bank Spend Management—a game-changing platform for monitoring and managing business expenses.
- Terms and conditions apply.
- Free employee cards
- ExtendPay® Plan
- Transfer points between your business and personal Altitude cards
For a low annual fee (waived for the first year), the U.S. Bank Business Altitude® Connect Visa Signature® Card is a viable alternative for those who frequently travel. Not only does it let you earn points on selected spending categories, but you also get Priority PassTM Digital annual membership—which offers four complimentary visits per membership year to more than 1,700 VIP lounges.
Capital One® Spark® Miles for Business
| Intro APR | N/A |
|---|---|
| Regular APR | 24.49% (Variable) |
| Annual Fee | $95 |
| Credit Needed | Excellent |
- Earn a one-time bonus of 50,000 miles - equal to $500 in travel - once you spend $4,500 on purchases within the first 3 months from account opening
- Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
- Unlimited 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
- Transfer your miles to 15+ travel loyalty programs
- Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
- Receive up to a $120 credit for Global Entry or TSA PreCheck(R)
- $0 intro annual fee for the first year; $95 after that
- Free employee cards which also earn unlimited 2X miles from their purchases
- Payment flexibility: Capital One lets you choose your monthly due date, enabling your business to control when to pay.
- Capital One Lounge: Cardholders get two free visits per year to the Capital One Lounge, which offers luxurious amenities and fresh, local food and beverage options.
- Fraud Coverage: $0 Fraud Liability for unauthorized charges
- Quarterly and year-end summary: Get a custom, itemized report of your spending to help simplify planning, budgeting and tax time
If you have excellent credit standing and want to earn miles rewards instead, then we recommend the Capital One® Spark® Miles for Business. This card lets you earn fixed-rate unlimited miles rewards on business purchases, and has a fixed regular APR on purchases.
Frequently Asked Questions (FAQs)
What is the difference between Chase Sapphire Preferred® Card and Capital One® Spark® Miles for Business?
Both the Chase Sapphire Preferred® Card and Capital One Venture Business are great options for business owners wanting a personal credit card with great travel perks and rewards. However, what makes it different are the premium travel benefits, the value of the introductory bonus when redeemed through Chase Ultimate Rewards®, and its ongoing rewards program.
| Chase Sapphire Preferred® Card | Capital One Venture Business | |
|---|---|---|
| Welcome Offer |
| 60,000 bonus points after spending $4,000 on purchases within the first 3 months from the date of account opening (valued at $900 when redeemed through Chase Ultimate Rewards®) |
| Ongoing Rewards | Up to 5x points | Up to 10x points |
| Premium Travel Benefits |
|
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What are the requirements to qualify for the Chase Sapphire Reserve®?
To qualify for the Chase Sapphire Reserve®, you must:
- Be earning at least $75,000 as a single individual or $150,000 combined annual income with your spouse.
- Have excellent credit standing at the time of the application.
- Be a US citizen or a permanent alien with a valid US address.
- Not be an authorized user of any other Chase Sapphire card account.
- Not have opened or closed any other Chase Sapphire card within the last 30 days.
- Not have received a sign-up bonus on any other Chase Sapphire card within the last 48 months.
Can I make a credit limit increase request for my Chase Sapphire Reserve®?
Yes, you can make a credit limit increase request if you did not receive an automatic limit increase. Simply make the request with Chase online or call the number found at the back of your card.
Bottom Line
N/A® is a great personal credit card if you travel frequently and want access to airport lounges. It has a generous welcome offer and lucrative rewards for using the card for travel and business purchases. While it charges a high annual fee of $550, it does not charge foreign transaction fees. Note, however, that you must have excellent credit to qualify for the card.
Fit Small Business has partnered with CardRatings for our coverage of credit card products. Fit Small Business and CardRatings may receive a commission from card issuers.
