No, you can't get the Chase Sapphire Reserve® card for your business, as it's not a business credit card. However, small business owners can technically use this card for business spending. Just try to avoid putting business and personal expenses on the same credit card, or else your finances might get too confusing.
Chase Sapphire Reserve® is one of the best credit cards on the market. Many of its features, such as 3 points per $1 spent on travel and dining and a $300 annual travel credit, are ideal for business. But all of its perks come with a hefty $550 annual fee.
Even if you were to use Chase Sapphire Reserve® strictly for business spending, you’d still likely get better value from a regular business credit card. Chase offers a host of business credit cards with rewards and benefits that are similar to, and in some cases better than, what Chase Sapphire Reserve® brings to the party.
The Ink Business Preferred® Credit Card offers a more valuable initial bonus: 100,000 points vs. Chase Sapphire Reserve®’s 50,000 points. The Ink Business Cash® Credit Card gives 5% back on office supplies. The Ink Business Unlimited® Credit Card and Ink Business Cash® Credit Card have an introductory 0% APR on purchases and no annual fee. The Ink Business Preferred® Credit Cardcomes with a $95 annual fee.
There are also viable options outside of Chase. The Capital One® Spark® Miles for Business card and the American Express® Business Gold Card are both good choices. Capital One® Spark® Miles for Business offers 2 miles per $1 spent on all purchases and an initial bonus of 50,000 miles. The American Express® Business Gold Card gives up to 4 points per $1 spent up to $150,000 in select categories every year. There’s also an initial bonus of 35,000 points for spending $5,000 in the first three months of card membership. The American Express® Business Gold Card is a hybrid card; it requires payment in full by the due date for all purchases under $100. But you have the option to pay for purchases of at least $100 at a more relaxed pace, with interest.
While there is no Chase Sapphire Reserve® business credit card, if you decide you would like to use the personal card for business purchases, you will need excellent credit for approval. Most Chase business credit cards require good personal credit history. That’s also the case with many business cards from other issuers. Keep in mind that business cards hold you personally liable for any unpaid balances. So, just like with a personal card, don’t spend outside the business’s means.
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