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Today, 23 June 2025, is the day that the newly refreshed Chase Sapphire Reserve® Card and the newly created Chase Sapphire Reserve for Business℠ Card are launched, and after days of debate, anticipation, and guesswork, we now know exactly what welcome bonuses both cards will be offering.
The Chase Sapphire Reserve® Card
The new welcome bonus on the refreshed Chase Sapphire Reserve® Card is this:
Earn 100,000 bonus points + a $500 credit towards Chase Travel after you spend $5,000 on eligible purchases in the first 3 months following account opening.
The terms of the offer state that …
- This credit card is unavailable to you if you currently have [a Chase Sapphire Reserve® Card] open.
- The new cardmember bonus may not be available to you if you currently have any other personal Sapphire cards open, previously held this card or received a new cardmember bonus for this card.
- [Chase] may also consider the number of cards you have opened and closed, as well as other factors in determining your bonus eligibility.
Also, be aware that it may take 6 to 8 weeks for the $500 Chase Travel credit to be available to you in Chase Travel and that it’s only valid for one year from the date it is issued.
Importantly, the promotional credit is valid for a one-time use only and if you apply the promotional credit to a transaction less than $500, you will forfeit the remaining balance.
Quick thoughts
I’m already on record as saying that it’s “no thank you” from me to the new Chase Sapphire Reserve® Card (at least for now) so I’m not particularly invested in how good or bad this welcome offer is, but given all the hype surrounding this card in recent weeks, I suspect that a lot of people will be disappointed.
Yes, 100,000 bonus points is worth (to us) $1,500 and you could say that that’s pretty good for a card with an annual fee of $795 and which offers a very easy to use $300 travel credit. But this is also the same points bonus that this card offered when it was first launched almost a decade ago with an annual fee of $450 and the same $300 travel credit.
I guess you could argue that the $500 Chase Travel credit included within the welcome offer makes things a bit better, but is a credit that you have to use through a 3rd party travel agent and which has to be use in one booking really that great?
I would argue that its not, and I think that quite a few people (a lot of whom were already on the fence about the refreshed card) will probably agree.
The Chase Sapphire Reserve® for Business℠ Card
The new welcome bonus on the new Chase Sapphire Reserve® for Business℠ Card is this:
Earn 200,000 bonus points after you spend $30,000 on eligible purchases in the first 6 months following account opening.
As this is a completely new card and a new family of business card (this isn’t part of the Ink family of Chase business cards), there aren’t any terms which preclude holders of other Chase cards from applying and, assuming they’re successful, earning the welcome bonus.
The terms do, however, say this:
“Offers may vary depending on where you apply, for example online or in a branch, and can change over time. To take advantage of this particular offer now, apply through the method provided in this advertisement. Review offer details before you apply.”
I don’t recall seeing these terms on a Chase credit card page before (although I can’t say that I check those pages very often) so make of that what you will.
Quick thoughts
I’m even less enthused about the Chase Sapphire Reserve® for Business℠ Card than I am about the consumer card, but I have to admit that the 200,000 bonus point offer looks good and makes a statement.
By our valuation of Ultimate Rewards points that’s a bonus worth $3,000 and that’s one way to get a new credit card some publicity.
$30,000 isn’t exactly a small amount of cash to be spending just to lock in a welcome bonus, so this isn’t going to be a bonus that just about anyone will be able to pick up.
A lot of small business owners, however, shouldn’t have too much trouble pushing $30k of spending to this card over a 6 month period so the effective (net) 10% rebate on that spending (not including the regular points that the card will also earn) may make this card more interesting than the consumer card (at least in the short term).
I have to admit that a 200,000 bonus offer is very tempting (even though I don’t really rate the card particularly highly), and as I may be able to put $30,000 of 4x spending on this card in the next 6 months, I may have to reconsider my negative stance – I could book some very nice Hyatt stays with 320,000 points.
Bottom line
There we have it. The launch day for the refreshed Chase Sapphire Reserve® Card and the new Chase Sapphire Reserve® for Business℠ Card is here so we now know what the welcome bonuses on both these cards look like.
To me, the offer on the consumer card looks weak and a little dull for a card Chase is trying to get people excited about. The offer on the business card, however, looks a lot more interesting and that’s probably just as well as the business card looks to be the weaker of the two.
What do you think about these offers? Will they move the needle for you?
