The Sapphire Reserve for Business will also be adopting the new Points Boost accelerator, which will allow cardholders to redeem their Ultimate Rewards® points for up to 2X value on select airline tickets and hotels booked through Chase Travel. Otherwise, it's a fixed 1 cent per point.

Chase made news recently as it announced huge changes to its premium Sapphire credit card. Now, the bank has confirmed changes to who is eligible for welcome bonuses across its range of Sapphire consumer cards.

The revamped Sapphire Reserve now includes numerous annual credits, new rewards, a larger welcome offer and a higher fee. None of which make the card worth it to me.