Does Chase Sapphire Reserve for Business℠ have Flex for Business?
Quick insights
- Flex for Business is a built-in feature of Sapphire Reserve for Business card, which allows you to pay eligible expenses over time with interest.
- Qualifying purchases are automatically allocated to the Flex for Business balance until the limit is reached.
- Once the Flex limit is reached, new purchases go to the Pay-in-Full balance, which must be paid in full each month to avoid interest charges.
Periods of growth, seasonal fluctuations or delayed receivables can strain your cash flow. If you have a Chase Sapphire Reserve for Business credit card, you may find use of the Flex for Business feature. Flex for Business allows you to pay eligible purchases over time with interest.
Let’s explore this credit card feature, including how it works and what happens when you exceed the Flex for Business credit limit.
How Flex for Business works with Sapphire Reserve for Business
The Sapphire Reserve for Business credit card is a Pay-in-Full card, meaning the cardmember must pay off their statement balance in full by each due date. However, a portion of the card’s line of credit may be used with Flex for Business.
When you make purchases with this card, they are automatically included in your Flex for Business credit limit. Flex for Business balances can be paid over time with interest, similar to a traditional credit card.
Once you’ve reached the Flex limit, new purchases are charged to your Pay-in-Full balance (due in full each month to avoid interest charges). To avoid interest charges, you can pay off your entire Flex for Business balance by the due date. The Flex for Business interest rate is listed in the terms of your Sapphire Reserve for Business card.
Let’s say the owner of a tech startup needs to purchase new laptops and software licenses for several new hires. Paying the total cost all at once could strain their cash flow, so they opt to pay these purchases off over several months using the Flex for Business feature.
Flex for Business vs. Pay-in-Full
Sapphire Reserve for Business has two parts that make up its line of credit: A Flex for Business balance and a Pay-in-Full balance. Flex for Business allows you to carry a balance and pay over time with interest, while Pay-in-Full requires you to pay the balance in full each month.
Flex for Business could be a good option for large purchases, unexpected expenses or periods when cash flow is tight. Pay-in-Full is used for purchases that exceed your Flex limit. Keep in mind that you cannot manually choose which purchases go to Flex for Business or Pay-in-Full.
You can avoid interest on new Flex for Business purchases if you pay your entire statement balance by the due date and time. Pay-in-Full balances do not accrue interest if they’re paid off fully on time.
Ineligible transactions for Flex for Business
Some transactions don’t qualify for Flex for Business, including:
- Balance transfers
- Cash advances
- Cash-like transactions (e.g., traveler’s checks, money orders, etc.)
- Interest charges
- Unauthorized charges
How to manage your Sapphire Reserve for Business balances
Log in to your Chase account to track your Flex and Pay-in-Full limits and balances. The Flex limit is a portion of your overall credit access line. Setting up alerts or notifications through your Chase account could help you monitor your Flex for Business usage and avoid exceeding limits.
Note that Chase may adjust your Flex for Business limit based on your account activity, creditworthiness and business needs.
In summary
Flex for Business on the Sapphire Reserve for Business card lets cardmembers pay eligible expenses over time with interest, potentially helping with cash flow during periods of growth or when unexpected expenses arise.
Purchases are automatically allocated to your Flex for Business balance until the limit is reached, after which new purchases go to your Pay-in-Full balance, which must be paid in full each month. Certain transactions are ineligible for Flex for Business, and Chase may adjust your Flex limit based on several factors.
