Can I apply for both the Chase Sapphire Reserve and Sapphire Reserve for Business?

Chase recently introduced the Chase Sapphire Reserve for Business℠ (see rates and fees), a premium travel card designed for small-business owners. Meanwhile, the Chase Sapphire Reserve® (see rates and fees) — a flagship card in Chase’s travel portfolio — has seen some exciting updates.

Fortunately, Chase allows cardholders to hold a personal and a business Sapphire product at the same time. That means the Sapphire Reserve and the new Sapphire Reserve for Business can share a space in your wallet, which raises a question: Can you apply for both at the same time — and earn both welcome offers?

With generous welcome offers currently on the table for these two Sapphire cards, it’s a tempting thought.

The Sapphire Reserve (personal) is offering 100,000 points plus a $500 Chase Travel℠ credit after you spend $5,000 in the first three months of account opening. Meanwhile, the newest Sapphire product (business) is offering a massive 200,000 bonus points after you spend $30,000 in the first six months of account opening.

So what’s the catch? Yes, you can apply for both, but you’ll need to navigate a few key rules and timing considerations. Let’s break it down.

How does the Sapphire Reserve compare to the Sapphire Reserve for Business?

While the Sapphire Reserve and the new Sapphire Reserve for Business share a name and a $795 annual fee, they’re designed for different cardholders and offer distinct ways to earn and maximize rewards.

Both cards include premium travel benefits like a $300 annual travel credit, access to Chase Sapphire and Priority Pass Lounges, and enhanced point redemption rates through Chase Ultimate Rewards. But the key differences lie in how you earn points.

The personal Sapphire Reserve is a strong fit for foodies and frequent travelers, offering 3 points per dollar spent on dining, 4 points per dollar on flights booked directly through the airline, and 8 points per dollar on all Chase Travel purchases

Meanwhile, the business version is tailored to entrepreneurs and small-business owners. It offers 3 points per dollar spent on social media and search engine advertising, 5 points per dollar spent on Lyft (through Sept. 2027), and up to $500 in hotel credits annually when booking through The Edit by Chase Travel.

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Can you earn the welcome offer on both the Sapphire Reserve and Sapphire Reserve for Business cards?

Until recently, the answer to this was “no”; however, Chase has recently updated its rules regarding bonus eligibility. Previously, you could only earn one Sapphire welcome bonus every 48 months.

Now, Chase has implemented a new time frame greater than 48 months regarding the welcome bonus. However, this rule does not apply to the business version, which is treated as a separate product.

So, yes, you can earn the welcome bonus on both cards — as long as you meet the separate eligibility requirements for each.

Just make sure you’re also in good standing under Chase’s 5/24 rule, which may affect your approval odds for either card.

• Space out your applications. Applying for two premium cards on the same day may lead to one being declined or flagged for review. Give it a few days or weeks between applications, especially if you’ve opened other cards recently.
• Monitor your 5/24 status. If you’ve opened five or more credit cards in the past 24 months (from any issuer), you’ll likely be denied—even if you have excellent credit.
• Create a plan to meet the spending minimums and earn the welcome bonuses. Five thousand dollars in three months and $30,000 in six months is a big outlay. Make sure your upcoming expenses align with those thresholds before applying for both.
• Know your credit profile. A strong credit score, healthy income and existing relationship with Chase can all help improve your approval odds.

If you qualify for a small-business credit card, holding both cards can be a powerful strategy. You could use the business card for work-related travel and business expenses, while putting personal travel and dining expenses on the personal card, maximizing rewards across more spending categories.

If you want access to valuable Chase points and maximizing point transfer potential is a top priority, you’ll want to make sure you have the personal Sapphire Reserve in your wallet. But if you’re looking to separate business and personal expenses, access robust business credits, and still enjoy high-value travel redemptions, the Sapphire Reserve for Business adds exceptional value in its own right.

Best of all, you can combine points from both cards in your personal Ultimate Rewards account. Doing so allows you to earn points through business purchases but redeem them through the personal card’s full suite of transfer partners — effectively unlocking the best of both worlds.

One important note to consider: While Chase now allows cardholders to hold a consumer Sapphire card and the business version at the same time, the rules for having two personal Sapphire products remain more complicated.

Chase recently updated its policy so that you can hold two Sapphire consumer products — like the Sapphire Reserve and the Chase Sapphire Preferred® Card (see rates and fees). Welcome bonus eligibility between two consumer Sapphire products, however, will be based on factors like whether you’ve previously earned a bonus on a consumer Sapphire product before.

So, if you’ve previously earned a Sapphire Reserve welcome bonus, you’re not eligible to receive a second welcome bonus on this same card, even if it has been more than 48 months.

Still, in some cases, TPG readers have reported mixed results, with some being denied a consumer Sapphire card on the basis that they already hold one. So, if you already hold the Sapphire Reserve or its counterpart, the Sapphire Preferred, keep in mind that you may not be approved for the other.

Related: Who should get the Chase Sapphire Reserve for Business card?

Bottom line

Yes, you can apply for and hold both the Chase Sapphire Reserve and the Sapphire Reserve for Business — and doing so can supercharge your ability to earn and redeem Chase Ultimate Rewards points. By leveraging each card’s strengths and applying strategically, you’ll unlock valuable perks and access one of the most flexible rewards ecosystems available today.