Definition: Chase Sapphire Reserve Business Card, also known as Chase Sapphire Preferred Credit Card, is a credit card designed to be used for purchases at major retailers and service providers that have signed on with Chase Bank. The cardholder can earn up to 5% cash back on all purchases made through the card's merchant services partner network. The "reserve business card" refers to the specific bank account where the card is issued, which allows a customer to deposit money into this reserve account for certain uses and obligations, such as fees or interest charges. The reserve balance can be used to pay off any outstanding balances with other Chase cards, but it's not typically used for credit purchases. The "business card" part of the phrase is likely referring to the specific bank card that was issued to the cardholder for use on their Chase Sapphire Preferred Credit Card.
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