The Most Rewarding Cards Are Here: The New Chase Sapphire Reserve and Introducing Chase Sapphire Reserve for Business

WILMINGTON, Del.--(BUSINESS WIRE)--Jun 23, 2025--

Today, Chase unveils the all-new Chase Sapphire Reserve and introduces Chase Sapphire Reserve for Business, the most rewarding credit cards on the market. These developments from Sapphire Reserve again set a new standard in premium credit cards, featuring a valuable suite of lifestyle, travel and business benefits and credits, high points earn rates in several categories including travel and dining, new ways to maximize rewards, access to the Chase Sapphire Lounge by The Club network of airport lounges and more. Chase Sapphire Reserve for Business is designed to meet the needs of business owners at scale by elevating their travel experience and offering premium benefits and value toward business services that will help fuel their growth.

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“The new Sapphire Reserve cards are the culmination of years of focus on the things most important to our cardmembers: travel, dining, entertainment and exceptional service,” said Chris Reagan, President of Branded Cards at Chase. “Both cards offer incredible rewards and benefits centered on our cardmembers’ lifestyles – whether it’s scoring hard-to-get reservations at great restaurants, elevating every aspect of their trips or providing access to amazing experiences.”

Both cards are on the Visa Infinite network, one of the most widely accepted global networks, and feature an industry-leading, comprehensive suite of travel protections that cover a wider range of travel setbacks than any other cards on the market. Cardmembers also have exclusive access to a dedicated Sapphire Reserve customer service team available 24/7 and who are specially trained to provide exceptional support tailored to cardmember needs.

Points Boost: A New Way to Make the Most of Rewards

Chase is also introducing Points Boost, an unmatched points redemption program with exclusive value for Sapphire Reserve and Sapphire Reserve for Business. Points Boost allows Sapphire Reserve cardmembers to redeem Ultimate Rewards points at a rate of up to 2x on rotating offers through Chase Travel. Cardmembers can use Points Boost to maximize the value of their points on premium air cabin tickets and select hotels, including The Edit by Chase Travel – an exclusive collection of over 1,100 hand-picked hotels and resorts around the world where Sapphire Reserve cardmembers get complimentary benefits like free breakfast and a $100 property credit.

Access to Chase Sapphire’s Growing Lounge Network

Chase Sapphire Lounge by The Club ’s network is strategically located in major airports across the U.S. including award-winning lounges at Boston Logan International Airport, LaGuardia Airport and Philadelphia International Airport, with additional locations at John F. Kennedy International Airport, San Diego International Airport and Phoenix Sky Harbor International Airport. Cardmembers also have access to over 1,300 lounges with Priority Pass Select. Chase also announces Dallas Fort-Worth International Airport as a future Chase Sapphire Lounge by The Club location, in addition to previously announced Harry Reid International Airport in Las Vegas and Los Angeles International Airport.

The New Chase Sapphire Reserve – More Value Than Ever

Chase Sapphire Reserve now offers over $2,700 in annual cardmember value. Plus, for a limited time, new cardmembers can receive the highest ever acquisition offer of 100,000 points and a $500 Chase Travel credit, after spending $5,000 in the first three months.

Travel in Style

Cardmembers receive a variety of high-value travel benefits and credits, including:

Elevated Dining Benefits

Exclusive dining benefits include:

Curated Lifestyle Rewards

Cardmembers receive new annual credits in areas they value including entertainment and everyday spending categories:

Premium Benefits Unlocked with $75,000 Spend

Cardmembers can earn additional status and credits after spending $75,000 each calendar year:

The annual fee is now $795 with a $195 annual fee for authorized user cards, and no foreign transaction fees. Cardmembers who applied prior to June 23, 2025, will experience these new benefits and features starting October 26, 2025. Their annual fee will be adjusted to $795 on their next anniversary date following October 26, 2025.

Introducing Chase Sapphire Reserve for Business

Chase Sapphire Reserve for Business, Chase’s first premium travel-focused credit card for businesses, brings the best Sapphire Reserve benefits to business owners who expect hard-working rewards. The card unlocks over $2,500 in annual value, more business and travel value than any other premium business card, including high-value partner services and merchant credits that help owners streamline operations. To celebrate the launch, cardmembers can earn 200,000 points after spending $30,000 on purchases in the first six months of account opening.

Business Travel Reinvented

Chase Sapphire Reserve for Business cardmembers have access to travel and rewards such as:

Credits to Keep Businesses Running

The card features additional rewards earned on advertising expenses and annual partner credits on business services, selected to meet the needs of businesses at scale:

Premium Benefits Unlocked

Cardmembers can earn loyalty program status and additional credits with leading travel and shopping brands after spending $120,000 each calendar year:

Sapphire Reserve for Business cardmembers have access to a high spending pay-in-full limit and Flex for Business, a credit line which allows payments over time with interest. There is a $795 annual fee with employee cards at $0, and no foreign transaction fees.

Cards Worth Showing Off

The cards’ designs reflect the refinement of the Sapphire Reserve Brand, with engraved logos and textured patterns on a new, even heavier metal veneer. The consumer card is inspired by the facets of a Sapphire gem and the Chase octagon, while the business card’s sophisticated look is influenced by pinstripe patterns and fluid textiles.

For more information on the Chase Sapphire Reserve card, please visit chase.com/ReserveIt. For the Chase Sapphire Reserve for Business card, please visit chase.com/ReserveBusiness.

About Chase

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading financial services firm based in the United States of America with assets of $4.0 trillion and operations worldwide. Chase serves 84 million consumers and 7 million small businesses, with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Customers can choose how and where they want to bank: Nearly 5,000 branches in 48 states and the District of Columbia, more than 15,000 ATMs, mobile, online and by phone. For more information, go to chase.com.

The Most Rewarding Cards Are Here: The New Chase Sapphire Reserve and Introducing Chase Sapphire Reserve for Business

NEW YORK (AP) — Stocks wavered on Wall Street Friday to kick off the new year as early gains led by technology stocks failed to hold up.

The S&P 500 rose 0.2% after shifting between small gains and losses throughout the morning. The benchmark index is coming off a gain of more than 16% in 2025.

The Nasdaq composite rose 0.1%. The Dow Jones Industrial Average rose 289 points, or 0.6%, as of 2:32 p.m. Eastern.

Major indexes are closing a mostly tepid, shortened holiday week. Markets were closed Thursday for New Year’s Day.

Markets in Europe and Asia made strong gains. Indexes in Britain and South Korea hit records.

Technology stocks were steering the market, especially companies with a focus on artificial intelligence, continuing the trend that pushed the broader market to records in 2025.

Nvidia jumped 1.4% and was the biggest force trying to push the market higher. Broadcom rose 0.4%. But a 0.7% drop from Apple and a 2.4% fall for Microsoft helped to counter those gains.

Those technology companies are among the most valuable companies in the world and their outsized valuations give them more influence on the market's direction. That includes sometimes pushing the market up and down from hour to hour.

Technology companies have been a major focus because of advancements in artificial intelligence technology and the potential for growth within the sector. Wall Street has been betting that demand for computer chips and other items needed for data centers will help justify the big investments from technology companies and their pricey stock values.

Tesla fell 2.6% after reporting falling sales for a second year in a row.

Furniture gained ground following President Donald Trump's move to delay increased tariffs on upholstered furniture. RH rose 9.5% and Wayfair rose 6.3%.

E-commerce giant Alibaba climbed 4.3% and Baidu, maker of the Ernie chatbot, jumped 9.4% in Hong Kong after it said it plans to spin off its AI computer chip unit Kunlunxin, which would list shares in Hong Kong early in 2027. The plan is subject to regulatory approvals.

Crude oil prices were mostly stable. Prices for U.S. crude oil fell 0.1% to $57.38 per barrel. The price of Brent crude, the international standard, fell 0.1% to $60.77 per barrel.

The price of gold fell 0.2%.

Treasury yields held steady in the bond market. The yield on the 10-year Treasury rose to 4.19% from 4.17% late Wednesday. The yield on the two-year Treasury, which moves more closely with expectations for what the Federal Reserve will do, held at 3.48% from late Wednesday.

Wall Street will move past the mostly quiet holiday season after Friday. The first full week of the new year will include several closely watched economic updates. They will also be some of the last big updates the Fed sees before its next meeting at the end of January.

Next week will feature private reports on the status of the services sector, which is the largest part of the U.S. economy, along with consumer sentiment. Government reports on the job market will also be released. They will all help paint a clearer picture of how various parts of the U.S. economy closed out 2025 and where it might be headed in 2026.

The Fed has had a more difficult task because of the complex shifts within the economy. It cut interest rates three times toward the end of 2025, partly to help counter a weakening jobs market. But inflation remains above its target rate of 2% and cutting interest rates could add more fuel to rising prices. Consumers have already expressed more caution amid the squeeze from stubborn inflation and the U.S. trade war with much of the world has added more uncertainty.

The Fed has already signaled concern and caution. Wall Street is betting that the central bank will hold its benchmark interest rate steady at its January meeting.

AP Business Writer Elaine Kurtenbach contributed to this report.

Trader Jonathan Mueller works on the floor of the New York Stock Exchange, Friday, Jan. 2, 2026. (AP Photo/Richard Drew)

Specialists Patrick King, left, and Douglas Johnson work on the floor of the New York Stock Exchange, Friday, Jan. 2, 2026. (AP Photo/Richard Drew)

Trader Vincent Napolitano, foreground, works with colleagues on the floor of the New York Stock Exchange, Friday, Jan. 2, 2026. (AP Photo/Richard Drew)

Trader Fred Demarco works on the floor of the New York Stock Exchange, Friday, Jan. 2, 2026. (AP Photo/Richard Drew)

Trader Jonathan Mueller works on the floor of the New York Stock Exchange, Friday, Jan. 2, 2026. (AP Photo/Richard Drew)

Trader Michael Capolino works on the floor of the New York Stock Exchange, Friday, Jan. 2, 2026. (AP Photo/Richard Drew)

A screen shows the Korea Composite Stock Price Index (KOSPI) as participants applaud during the opening ceremony of the 2026 trading year at the Korea Exchange in Seoul, South Korea, Friday, Jan. 2, 2026. (AP Photo/Lee Jin-man)

Dancers in traditional costumes perform to celebrate the opening for the 2026 trading year outside of the Korea Exchange in Seoul, South Korea, Friday, Jan. 2, 2026. (AP Photo/Lee Jin-man)

A worker walks near a screen showing the Korea Composite Stock Price Index (KOSPI) after the opening ceremony of the 2026 trading year at the Korea Exchange in Seoul, South Korea, Friday, Jan. 2, 2026. (AP Photo/Lee Jin-man)

South Korean financial officers celebrate the opening for the 2026 trading year outside of the Korea Exchange in Seoul, South Korea, Friday, Jan. 2, 2026. (AP Photo/Lee Jin-man)

Dancers in a bull-shaped costume perform to celebrate the opening for the 2026 trading year outside of the Korea Exchange in Seoul, South Korea, Friday, Jan. 2, 2026. (AP Photo/Lee Jin-man)