Latest news with #SapphirePreferred
Yahoo
4 days 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
4 days 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
4 days 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.
Yahoo
18-06-2025
- Business
- Yahoo
Chase Sapphire Reserve card members will see a major fee increase: Here's when and what to expect
The chase is on among premium credit card issuers. Pentagon Pizza Index: The theory that surging pizza orders signal global crises 5 signals that make you instantly more trustworthy at work How Field Notes went from side project to cult notebook JPMorgan Chase has announced some big changes to its high-end Chase Sapphire Reserve credit card, which include a hefty new annual fee of $795, up from $550. The Sapphire Reserve card, which is known for its slate of perks and benefits including travel credits and access to airport lounges, is also getting a counterpart in the Chase Sapphire Reserve for Business card. When the card was first introduced in 2016, the annual fee was $450, so it has increased by more than 75% since then. Interestingly, customers don't seem to mind: The amount paid in annual fees totaled $6.4 billion in 2022, more than double the $3 billion paid in 2015, according to a 2023 report from the Consumer Financial Protection Bureau (CFPB). According to Chase, customers still have a few days to sign up for the card at the old rate. If you're already a Sapphire Preferred member, or if you sign up before Monday, June 23, you can expect the same benefits and fee through October 25 of this year. Though the fee is increasing significantly, there will be new card designs, and new credits and benefits that arrive along with the revamp. Specifically, for cardholders who spend at least $75,000 per year on their cards, there will be new perks, such as exclusive online shopping experiences, and status rewards at IHG Hotels, and Southwest Airlines. Points earnings rates and multipliers are also changing through a new Points Boost program. The new Business card will also have credits for services from ZipRecruiter, Google Workspace, and more. 'It's the culmination of five years of investment that we've made across Chase in completely uplifting and repositioning what we mean for premium travelers in the premium-card space,' Allison Beer, JPMorgan's head of card and connected commerce, told Bloomberg. 'This is about having the best-in-class travel assets and an end-to-end travel experience.' Chase's announcement comes shortly after American Express, one of its chief rivals in the credit card space, teased a forthcoming overhaul to its premium Platinum Card. Details are scarce, but those changes are expected by the end of the year. The Platinum Card currently has a $695 annual fee. In all, the board is set for Chase and Amex to duke it out with their premium offerings, which might provide some serious perks to customers who can afford them. 'We're going to take these cards to a new level,' Amex's said Howard Grosfield in a statement, 'not only in what they offer in travel, dining and lifestyle benefits, but also in how they look and feel, to meet the evolving needs of our customers.' This post originally appeared at to get the Fast Company newsletter: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
17-06-2025
- Business
- Forbes
Can You Combine Chase Points From The Sapphire Reserve For Business With The Sapphire Reserve Or Preferred?
Combining points across Chase cards can be a strategic move to maximize both the earning and redeeming potential of your Ultimate Rewards®. Historically, Chase has only allowed you to have one Sapphire Card at a time, but soon you'll be able to hold the Chase Sapphire Reserve for Business card* (launching on June 23) and the Chase Sapphire Reserve® or Chase Sapphire Preferred® Card. Points from Chase's new premium business card will be able to be pooled with rewards from both of these consumer cards and a few no-annual-fee cards. Here's what you need to know about combining Chase points and how it can upgrade your travel plans. Points pros have long relied on utilizing multiple Chase cards. It's particularly lucrative with a Chase trifecta, or a combination of cards that take advantage of the highest earning opportunities and the best redemptions. The Sapphire Reserve for Business earns 8 points per dollar on Chase Travel purchases, 5 total points per dollar spent on eligible Lyft rides (through Sept. 30, 2027), 4 points per dollar on flights and hotels booked direct, 3 points per dollar on social media and search engine advertising, 1 point per dollar on all other purchases. That's great for travel, but earning 1X at restaurants and other everyday expenses can easily be beaten by other Chase cards like the Sapphire Preferred or Freedom Unlimited—which earn 3X at restaurants. Transferring points to the Sapphire Reserve for Business could also give them more value if used to book with the card's new Points Boost program. With Points Boost, rewards can be redeemed for up to 2X when booking select hotels and flights with Chase Travel. Ultimate Rewards from the Sapphire Reserve for Business can also be transferred to over a dozen airline and hotel partners at a 1:1 ratio, including World of Hyatt and United Airlines MileagePlus. I regularly get double the value from my miles with points transfers like this. Moving points to the Sapphire Reserve for Business is essentially a way to give other cards access to transfer partners and Points Boost bookings. Ultimate Rewards earned on both consumer and business Chase cards can be combined under one card. Savvy cardholders move points to the card with the most valuable redemption options, like the Sapphire Reserve for Business. If you hold multiple Chase cards, points can be transferred from one card to another, even if you have a mix of business and consumer cards. Points can also be combined with one other person in your household as long as you share the same address. To combine points, follow these steps: If you plan to combine points from a Chase business card with a consumer card, you'll need to call the number on the back of your business card. Additional security verification may be needed for the initial points is instant. You should see the new balance reflected in both accounts in just a few moments. Cards that earn Ultimate Rewards points can be paired with the Sapphire Reserve for Business. Top recommendations include: The best card combinations offer earnings and benefits that have minimal overlap. Getting the Sapphire Reserve for Business and a card like the Chase Freedom Flex® or the Ink Business Cash® Credit Card allows you to earn in multiple categories while paying one annual fee. With the launch of the Sapphire Reserve for Business, Chase has turned a page on a longstanding rule that only allowed a person to hold one Sapphire card at a time. Now you can get the Sapphire Reserve for Business and the consumer Sapphire Reserve or Preferred. It's not for everyone, but a case could be made to pair the Sapphire Reserve for Business with the consumer Sapphire Reserve. Paying the annual fee for both means a big bill. But if you can utilize the over $2,000 in credits offered on each card, it could make sense. While keeping your business and personal expenses separate is a good idea, you're not only allowed to combine points from the Sapphire Reserve for Business with the Sapphire Preferred or Reserve, but this can be a powerful way to maximize your rewards. Spend strategically, redeem wisely and let your points go to work for you.
