There is no Chase Sapphire Reserve business credit card. But small business owners can use the standard Sapphire Reserve 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 Sapphire Reserve’s perks come with a hefty $550 annual fee.
Even if you were to use 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 Sapphire Reserve brings to the party.
The Ink Business Preferred card offers a more valuable initial bonus: (100,000 points vs. Reserve’s 50,000 points). Ink Business Cash gives 5% back on office supplies. Ink Business Unlimited and Business Cash have an introductory 0% APR on purchases and no annual fee. The Business Preferred card comes with a $95 annual fee.
There are also viable options outside of Chase. The Capital One Spark Miles for Business card and the Amex Business Gold card are both good choices. Spark Miles offers 2 miles per $1 spent on all purchases and an initial bonus of 50,000 miles. The Amex 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. Business Gold is a charge card, which means you’ll have to pay off the entire balance each month.
While there is no Chase Sapphire Reserve business credit card, if you decide you would like to use the personal Sapphire Reserve 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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