Latest news with #SapphireReserveforBusiness
Yahoo
13 hours ago
- Business
- Yahoo
Chase ends 48-month bonus rule for Sapphire cards — are you still eligible for a Chase Sapphire sign-up bonus?
The travel credit cards world is abuzz with activity as Chase launches the updated Chase Sapphire Reserve® and the all-new Sapphire Reserve for Business℠. However, it's not all business as usual if you're hoping to earn a shiny new credit card welcome offer. Chase has new eligibility requirements with its Chase Sapphire consumer cards, affecting both the non-business Sapphire Reserve and the Chase Sapphire Preferred® Card. Previously, you could get approved for a Chase Sapphire Reserve or Sapphire Preferred welcome bonus once every 48 months. In most cases, you could not hold a Sapphire Reserve and a Sapphire Preferred at the same time. These rules are changing. Eligibility language is confusing, but here are the key points: Lifetime limit: You are not eligible for a sign-up bonus on any Sapphire product (Sapphire Preferred, Sapphire Reserve, or Sapphire Reserve for Business) on which you've earned a bonus before. Current cardholder: If you are a current Sapphire member that's already earned a welcome bonus, you are not eligible for a sign-up bonus on any other Sapphire card. Past cardholder: If you are a past Sapphire member but no longer have that card, you are eligible for a sign-up bonus on a new Sapphire card you've never had before. Multiple Sapphire cards: While you aren't eligible for a sign-up bonus on another Sapphire card as a current cardholder, you can hold both a Sapphire Preferred and Reserve at the same time. You can even go for the trifecta and get the Sapphire Reserve for Business card, too. Product changes: Current Sapphire members can downgrade to a non-Sapphire card and then apply for a new Sapphire card to earn its welcome bonus (as long as it's a Sapphire card they've never earned a bonus on before). It could take a week or two for Chase to no longer recognize you as a Sapphire cardholder after a product change. Sapphire Reserve for Business: These guidelines don't affect your eligibility for earning a welcome bonus on the Sapphire Reserve for Business. In place of the previous rules for receiving a Sapphire welcome bonus once every 48 months, there's now a once-per-lifetime limit. You can earn the bonus on the Sapphire Preferred once, for example, and you can earn the bonus on the Sapphire Reserve once. Ever. This is similar to the American Express lifetime limits on Amex credit cards. This is a negative outcome for consumers who were accustomed to earning multiple welcome bonuses on the same Sapphire product over many years. According to the new guidelines, there is nothing explicit stating that you can't hold both a Sapphire Preferred and a Sapphire Reserve at the same time. Rather, you can't earn a welcome bonus on another Sapphire product if you're a current Sapphire customer. This is a neutral outcome because there's likely little reason to have both the Sapphire Preferred and Reserve at the same time — especially if you can't earn a welcome bonus on a second Sapphire product. These new guidelines are mostly for the Sapphire consumer cards, meaning the Sapphire Reserve for Business is exempt from a lot of them. You don't have to worry about having the Sapphire Reserve for Business if you're applying for one of the personal Sapphire products. However, it's still a once-per-lifetime limit on the bonus for the Sapphire Reserve for Business. This is a positive outcome because it means existing or past personal Sapphire cardholders don't have to worry about the new eligibility requirements if applying for the Sapphire Reserve for Business. In general, you can earn a Sapphire bonus if you have never received a bonus for that card in the past and you are currently not holding either of the Chase Sapphire consumer cards. If you've ever had a Chase Sapphire Preferred card before, you aren't eligible for another Chase Sapphire Preferred bonus. The same goes for receiving a Chase Sapphire Reserve bonus before if you've ever had that before. Bummed about the new Chase Sapphire welcome bonus rules? Check out other credit card sign-up bonuses. Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to the Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank's website for the most current information. This site doesn't include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.
Yahoo
13 hours ago
- Business
- Yahoo
Missed the last offer? Jump on the new Sapphire Preferred 75K bonus
Along with the launch of the updated Chase Sapphire Reserve® and the new Sapphire Reserve for Business, Chase has upped the bonus on the Chase Sapphire Preferred® Card from 60,000 to 75,000 points: Chase Sapphire Preferred: Earn 75,000 points after spending $5,000 on purchases in the first three months of account opening. It's not as high as the recent 100,000-point bonus, but it's better than the standard offer and well worth considering if you're in the market for one of the best travel credit cards available. Read more about the new Chase Sapphire card eligibility requirements to see if you qualify for a Chase Sapphire welcome bonus. We calculate Chase Ultimate Rewards points to be worth about 2.05 cents per point, which means 75,000 points would be worth about $1,537.50. Note that your actual redemption value may be lower or higher than this, depending on how you redeem your points. In general, we find some of the best-value options for Chase points are redeeming them toward travel, including premium flights and hotel stays with transfer partners. See an overview of credit card transfer Chase Sapphire Preferred is one of the best travel credit cards available for good reason. It has a low annual fee, an elevated rewards rate, and the opportunity to earn a valuable and flexible travel rewards currency. It's such a good card, we've rated it as the overall best credit card for rewards. That being said, there are better cards if you prefer earning cash-back rewards or if you want premium travel benefits, such as airport lounge access. The Sapphire Preferred makes sense for all types of travelers, but it's not going to have the same access to exclusive perks as the luxury travel cards, like the Chase Sapphire Reserve. Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to the Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank's website for the most current information. This site doesn't include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.
CNBC
15 hours ago
- Business
- CNBC
New Chase Sapphire Reserve for Business has a 200,000-point welcome bonus, tons of travel perks
The coveted Chase Sapphire Reserve brand just gained its business partner. The new Chase Sapphire Reserve for Business maintains the premium travel perks that Sapphire users are accustomed to, offering over $2,500 in annual value for business owners and entrepreneurs on the go. Plus, the card launched with a pretty favorable welcome bonus: Earn 200,000 points after spending $30,000 on purchases in the first six months of account opening. Here's what else you can expect with the new Sapphire Reserve for Business. On Chase's site On Chase's site Cardmembers can earn 200,000 points after spending $30,000 on purchases in the first six months of account opening Good to Excellent670–850 18.49% - 26.49% Variable $795 Earn 200,000 bonus points See rates and fees. Terms apply. Member FDIC. The Chase Sapphire Reserve for Business brings over $2,500 in value to business owners who value travel and premium experiencesThe Sapphire Reserve for Business is Chase's first business card in the Sapphire line; it joins the Sapphire Preferred and the Sapphire Reserve. While Chase currently offers business credit cards with its Chase Ink line, the Sapphire Reserve for Business is focused on providing more premium offerings. You can think of it as a sort of direct rival to Amex's Business Platinum Card and Capital One's Venture X Business. The Sapphire Reserve for Business' $795 annual fee makes it one of the most expensive business cards on the market. Its benefits can make it worth it, though, offering over $2,500 in annual value, and the 200,000-point welcome offer for spending $30,000 over the first six months is generous for businesses that can reach that threshold. Additional employee cards are available at no cost. While they have the same purchase and travel protections, they don't have the higher-tier benefits like lounge access or hotel rewards status. With a focus on statement credits balancing out the relatively large $795 annual fee, the Sapphire Reserve for Business is following a similar path to other premium credit cards. For prospective cardholders wanting to maximize the card's value, it's important to make sure those credits fit your travel and business needs. Some of the statement credit categories, like DoorDash and can be used as for employee appreciation, and Google Workspace contains a suite of AI-powered tools for your business. The Sapphire Reserve for Business will earn you elevated earnings in the following categories: Some of these categories are available with other Chase business cards, such as with the Ink Business Preferred® Credit Card (see rates and fees), offering 3X points on advertising and 5X points on Lyft rides. But the Sapphire Reserve for Business stands out by having no cap on advertising spend, plus the 4X points on flights and hotels booked directly is a decent rate of return for frequent business travelers and serves as a good alternative if you can't find what you're looking for via Chase Travel. The Sapphire Reserve for Business has over $2,500 in annual value for business owners, including credits for travel as well as credits that can help run a company. The value is pretty evenly split, with over $1,300 in travel perks and more than $1,200 toward business expenses. When using your credit at The Edit properties, cardmembers who stay at least two nights will also get complimentary benefits like a $100 property credit, daily breakfast and room upgrades when available. This benefit is not available for employee cardmembers. Purchases that qualify will not earn points. After spending $120,000 in a calendar year, you'll unlock the following additional benefits: The Sapphire Reserve for Business will also be adopting the new Points Boost accelerator, which will allow cardholders to redeem their Ultimate Rewards® points for up to 2X value on select airline tickets and hotels booked through Chase Travel. Otherwise, it's a fixed 1 cent per point. Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here. At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every credit card article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit card products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.
