Chase just lately launched the Chase Sapphire Reserve for Business℠ (see charges and charges), a premium journey card designed for small-business house owners. Meanwhile, the Chase Sapphire Reserve® (see charges and charges) — a flagship card in Chase’s journey portfolio — has seen some thrilling updates.
Fortunately, Chase permits cardholders to carry a private and a enterprise Sapphire product at the similar time. That means the Sapphire Reserve and the new Sapphire Reserve for Business can share an area in your pockets, which raises a query: Can you apply for both at the similar time — and earn both welcome presents?
With beneficiant welcome presents at present on the desk for these two Sapphire playing cards, it is a tempting thought.
The Sapphire Reserve (private) is providing 100,000 factors plus a $500 Chase Travel℠ credit score after you spend $5,000 in the first three months of account opening. Meanwhile, the latest Sapphire product (enterprise) is providing an enormous 200,000 bonus factors after you spend $30,000 in the first six months of account opening.
So what’s the catch? Yes, you can apply for both, however you may must navigate a number of key guidelines and timing issues. Let’s break it down.
How does the Sapphire Reserve evaluate to the Sapphire Reserve for Business?
While the Sapphire Reserve and the new Sapphire Reserve for Business share a reputation and a $795 annual payment, they’re designed for completely different cardholders and provide distinct methods to earn and maximize rewards.
Both playing cards embrace premium journey advantages like a $300 annual journey credit score, entry to Chase Sapphire and Priority Pass Lounges, and enhanced level redemption charges by Chase Ultimate Rewards. But the key variations lie in the way you earn factors.
The private Sapphire Reserve is a powerful match for foodies and frequent vacationers, providing 3 factors per greenback spent on eating, 4 factors per greenback on flights booked instantly by the airline, and 8 factors per greenback on all Chase Travel purchases
Meanwhile, the enterprise model is tailor-made to entrepreneurs and small-business house owners. It presents 3 factors per greenback spent on social media and search engine promoting, 5 factors per greenback spent on Lyft (by Sept. 2027), and as much as $500 in lodge credit yearly when reserving by The Edit by Chase Travel.
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Can you earn the welcome provide on both the Sapphire Reserve and Sapphire Reserve for Business playing cards?
Until just lately, the reply to this was “no”; nevertheless, Chase has just lately up to date its guidelines concerning bonus eligibility. Previously, you might solely earn one Sapphire welcome bonus each 48 months.
Now, Chase has carried out a brand new timeframe better than 48 months concerning the welcome bonus. However, this rule doesn’t apply to the enterprise model, which is handled as a separate product.
So, sure, you possibly can earn the welcome bonus on both playing cards — so long as you meet the separate eligibility necessities for every.
Just be sure you’re additionally in good standing underneath Chase’s 5/24 rule, which can have an effect on your approval odds for both card.
Related: Chase Sapphire bonus eligibility modifications: Here’s what to know
Time your purposes strategically
While you possibly can apply for both playing cards, the timing issues.
Here are a number of tricks to improve your probabilities of approval:
- Space out your purposes. Applying for two premium playing cards on the similar day might result in one being declined or flagged for overview. Give it a number of days or even weeks between purposes, particularly for those who’ve opened different playing cards just lately.
- Monitor your 5/24 standing. If you’ve got opened 5 or extra bank cards in the previous 24 months (from any issuer), you may doubtless be denied—even when you have glorious credit score.
- Create a plan to fulfill the spending minimums and earn the welcome bonuses. Five thousand {dollars} in three months and $30,000 in six months is a giant outlay. Make positive your upcoming bills align with these thresholds earlier than making use of for both.
- Know your credit score profile. A robust credit score rating, wholesome earnings and present relationship with Chase can all assist enhance your approval odds.
If you are strategic about your timing and spending, making use of for both playing cards is usually a highly effective transfer, particularly whereas these welcome presents are nonetheless accessible.
Related: How to apply for a bank card
Should I get both the Sapphire Reserve and the Sapphire Reserve for Business?
If you qualify for a small-business bank card, holding both playing cards is usually a highly effective technique. You might use the enterprise card for work-related journey and enterprise bills, whereas placing private journey and eating bills on the private card, maximizing rewards throughout extra spending classes.
If you need entry to priceless Chase factors and maximizing level switch potential is a high precedence, you may need to be sure you have the private Sapphire Reserve in your pockets. But for those who’re trying to separate enterprise and private bills, entry strong enterprise credit, and nonetheless get pleasure from high-value journey redemptions, the Sapphire Reserve for Business provides distinctive worth in its personal proper.
Best of all, you possibly can mix factors from both playing cards in your private Ultimate Rewards account. Doing so means that you can earn factors by enterprise purchases however redeem them by the private card’s full suite of switch companions — successfully unlocking the better of both worlds.
One necessary be aware to contemplate: While Chase now permits cardholders to carry a client Sapphire card and the enterprise model at the similar time, the guidelines for having two private Sapphire merchandise stay extra difficult.
Chase just lately up to date its coverage in an effort to maintain two Sapphire client merchandise — like the Sapphire Reserve and the Chase Sapphire Preferred® Card (see charges and charges). Welcome bonus eligibility between two client Sapphire merchandise, nevertheless, might be primarily based on elements like whether or not you’ve got beforehand earned a bonus on a client Sapphire product earlier than.
So, for those who’ve beforehand earned a Sapphire Reserve welcome bonus, you are not eligible to obtain a second welcome bonus on this similar card, even when it has been greater than 48 months.
Still, in some instances, TPG readers have reported combined outcomes, with some being denied a client Sapphire card on the foundation that they already maintain one. So, for those who already maintain the Sapphire Reserve or its counterpart, the Sapphire Preferred, take into account that you might not be accredited for the different.
Related: Who ought to get the Chase Sapphire Reserve for Business card?
Bottom line
Yes, you possibly can apply for and maintain both the Chase Sapphire Reserve and the Sapphire Reserve for Business — and doing so can supercharge your capacity to earn and redeem Chase Ultimate Rewards factors. By leveraging every card’s strengths and making use of strategically, you may unlock priceless perks and entry one among the most versatile rewards ecosystems accessible as we speak.
With a few of the highest welcome presents we have seen on both playing cards, now is a perfect time to behave — particularly in case your journey plans and enterprise bills will help you meet the spending thresholds. Just you should definitely overview Chase’s eligibility guidelines, keep underneath 5/24 and plan your purposes rigorously to get the most from this highly effective duo.
Apply right here: Chase Sapphire Reserve
Apply right here: Chase Sapphire Reserve for Business
Related: How to apply for a enterprise bank card
