The Chase Sapphire Reserve for Business is back to 200,000 points, up from the 150,000 it usually offers. You earn it after $30,000 in purchases in the first six months, and the card runs a $795 annual fee. Read this part twice: you are not eligible if you have ever held this card, so it is a first timer offer only.
That $30,000 is the real gate. It comes to about $5,000 a month, so the offer rewards a business already putting real expenses on a card, not someone stretching to reach the number.
Where these points shine is World of Hyatt. Chase transfers Ultimate Rewards to Hyatt at 1 to 1, and here is what matters right now: when Chase moves the Preferred cards to a 4 to 3 Hyatt rate on October 1, 2026, the Reserve for Business keeps the full 1 to 1. Hyatt still prices awards off a published chart, where each of its eight categories now sets five levels, from Lowest to Top, that shift with demand rather than the cash rate. A balance this size becomes a predictable stack of free nights, especially at its lower category hotels.
The $795 fee lands softer once you count the annual credits, including up to $500 a year toward stays through The Edit. Chase has announced that credit will rise to $1,000 in 2027.
Chase has not posted an end date, and elevated business offers tend to vanish without warning, so if that spend fits your business, there is little reason to wait.
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Disclosure
crazy4points is not affiliated with, sponsored by, or endorsed by Chase. Our Apply here button may be an affiliate or referral link, and if it is, we may earn a commission or referral reward when you apply through it and are approved, at no cost to you, and it never changes our coverage or our honest take. This is general information, not financial, tax, or investment advice, and not a recommendation to apply for any card. The 200,000 point welcome offer, the $30,000 spend requirement, the six month window, the $795 annual fee, the first timer eligibility rule, and the credit amounts are set by Chase and are accurate as of September 2026. Bonuses, fees, credits, and eligibility can change at any time, so confirm the current terms on the official Chase application page before you apply. Consider your own situation and consult a licensed professional before making a financial decision.
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- September 17, 2026