Chase Sapphire Reserve for Business Welcome Offer Is Back at 200,000 Points

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.