Can I apply for Chase Sapphire Reserve® and Sapphire Reserve for Business℠?
Quick insights
- You can apply for both the Sapphire Reserve and Sapphire Reserve for Business credit cards.
- Because the Sapphire Reserve for Business card is designed for business owners, you need to have a verifiable business to apply.
- New cardmembers may be eligible to earn a welcome bonus offer with both cards if they meet certain requirements.
While they are members of the same card family, the Chase Sapphire Reserve and the Sapphire Reserve for Business serve different purposes. While the Sapphire Reserve is primarily a travel credit card, the Sapphire Reserve for Business is designed for business owners.
Read about the similarities and differences between the Sapphire Reserve and Sapphire Reserve for Business cards and why you may or may not want them both.
Comparing the Sapphire Reserve and Sapphire Reserve for Business cards
It can be strategic to have multiple credit cards and use them for different purchases depending on reward earning rates. Plus, some credit cards offer benefits like travel protection and airport lounge access.
Here are some things to know if you are considering one or both of these Sapphire credit cards:
Similarities between Sapphire Reserve and Sapphire Reserve for Business
Both the Sapphire Reserve and Sapphire Reserve for Business are rewards credit cards that provide benefits and travel perks. Both cards include:
- Complimentary airport lounge access via a Priority Pass® membership
- Travel and purchase protection benefits
- A $300 annual travel credit
- Reimbursement for application fees associated with TSA PreCheck®, Global Entry and NEXUS
- $500 credit for stays with The Edit by Chase Travel℠ (a handpicked collection of hotels and resorts)
Both Sapphire Reserve cards earn Chase Ultimate Rewards® points on most purchases with the ability to earn rewards at an accelerated rate on travel purchases, including 8x when booking through Chase Travel.
Note that both cards have an annual fee.
Differences between Sapphire Reserve and Sapphire Reserve for Business
Where these credit cards differ the most is their intended audience. While the Sapphire Reserve card is a general travel credit card for consumers, the Sapphire Reserve for Business card is designed for business owners.
The Sapphire Reserve for Business credit card includes benefits that may appeal to business owners, including:
- Complimentary employee credit cards
- Auto Rental Coverage
- Cell Phone Protection
- 3x rewards on social media and search engine advertising
- Opportunities to earn statement credits
Cardmembers can also access expense tracking and analysis features that may help business owners better manage their finances.
Can a cardmember apply for both cards?
The short answer is yes—you may be able to apply for both the Sapphire Reserve and Sapphire Reserve for Business credit cards, as they are two different Chase products. That said, you will need a verifiable business to apply for the Sapphire Reserve for Business credit card.
Note that both cards have an annual fee and some overlapping benefits, so you may want to weigh if the benefits of having both cards is worth the cost.
How to earn the new cardmember bonus offer on both cards
One other similarity between the Sapphire Reserve and Sapphire Reserve for Business card is that they provide new cardmember bonus offers in the form of bonus rewards points.
Cardmembers need to spend a certain amount on purchases with their designated card within a set period of time to earn the bonus. It can be helpful to check the offer on each card and determine if you can meet the spending requirements in time.
These offers are typically only provided to new cardmembers. However, because these cards are two distinct products, it is possible to earn the welcome bonus offer on both cards if you meet the new eligibility requirements.
Considerations for applying for both credit cards
It may be helpful to think through the pros and cons of holding both cards when determining if you want to apply for both:
Pros
- Maximize rewards: By having both cards, cardmembers can earn rewards tailored to personal and business expenses, potentially earning more points or cash back on a wider range of spending categories.
- Additional benefits: Each card offers some unique perks, so holding both cards may allow cardmembers to access a broader range of benefits that cater to both personal and business needs.
- Separation of expenses: Having separate cards for personal and business use can help cardmembers track and manage expenses, which may simplify budgeting and accounting processes.
- Building credit: Holding multiple cards responsibly can help cardmembers build and diversify their credit profiles.
Cons
- Annual fees: Both cards charge annual fees, which are an important cost to consider. Cardmembers may want to evaluate whether the combined benefits and rewards outweigh the cost of maintaining both cards.
- Card management: Managing multiple cards might complicate how you track spending, rewards and benefits.
- Benefits overlap: Some benefits offered by these cards overlap. Cardmembers should assess whether they truly need duplicate benefits, such as travel credits or lounge access.
- Credit score impact: Applying for multiple cards can impact your credit score due to hard inquiries.
- Spending requirements: To maximize rewards and benefits, cardmembers may need to meet specific spending thresholds on each card.
In summary
You can apply for both the Sapphire Reserve and Sapphire Reserve for Business cards (provided you have verifiable business). However, because the cards have overlapping benefits and annual fees, you may want to consider if having both cards is beneficial to you.
Those who apply for both cards may be eligible to earn a new cardmember welcome bonus offer from both cards. Keep in mind that welcome bonus offers will require that the cardmember meets a minimum spending requirement within a set amount of time to earn the bonus.
