Chase just dropped a brand-new business credit card: the Chase Sapphire Reserve Business! The initial offer is a whopping 200,000 points after you spend $30,000 in the first six months. But hold on, before you jump in, there's a hefty $795 annual fee. While that bonus is tempting, you need to weigh it against your spending habits and other cards you might have. This offer is ending soon, so you need to act fast!

The card earns bonus points on travel booked through Chase, Lyft rides, direct bookings with hotels and airlines, and social media/search engine advertising. Plus, you get a ton of credits and perks, including a $300 annual travel credit, lounge access (Priority Pass and Chase Sapphire Lounges), DashPass membership, monthly DoorDash credits, Google Workspace Credit, monthly Lyft credits, gift card credits, and even credits for TSA PreCheck or Global Entry. It also comes with IHG Platinum Elite status. If you spend $120,000 in a calendar year, you get even more goodies like statement credits and elite status with IHG and Southwest.

Here's why this matters to you: while that 200,000-point bonus is eye-catching, earning those points requires significant spending. The card lacks some of the appealing bonus categories found on other Chase Ink business cards, like 5x points at office supply stores. So, do the math! Could you earn more points and a bonus with a different card by strategically using bonus categories? The author thinks that, after the first year, it's hard to justify the ongoing annual fee with so many smaller credits that can be difficult to use. Still, it's a bonus worth considering, and might pop up in referral links soon.