Amex Graphite Business Cash Unlimited Card vs Chase Sapphire Reserve®
Side-by-side comparison
| Amex Graphite Business Cash Unlimited Card | Chase Sapphire Reserve® | |
|---|---|---|
| Annual fee | $295 | $795 |
| Welcome offer | $1,500 cash back | 100,000 Ultimate Rewards® Points |
| Advertising | 2% | 1% |
| Shipping | 2% | 1% |
| Office supplies | 2% | 1% |
| Phone & internet | 2% | 1% |
| Travel | 2% | 4% |
| Everything else | 2% | 1% |
| Est. yearly rewards* | $900 | $642 |
| Points type | Cash back only | Transfers to airlines & hotels |
| Network | Amex | Visa |
*Estimated yearly rewards on typical household spending, every point valued at a flat 1 cent. Verified June 2026. See your own numbers in the calculator.
The verdict
On a typical year of business spending, the Amex Graphite Business Cash Unlimited Card earns about $900 a year in rewards and the Chase Sapphire Reserve® about $642, valuing every point at a flat 1 cent. The Amex Graphite Business Cash Unlimited Card charges $295, which you clear through its rewards and perks. The Chase Sapphire Reserve® charges $795, but carries about $2,108 in annual statement credits that offset it for anyone who uses them. Counting rewards, fees, and any credits, the Chase Sapphire Reserve® delivers more total value, about $296 a year more for a typical spender, mostly because it earns more where you spend most, on travel. The bigger difference is the ceiling: the Chase Sapphire Reserve® earns points you can move to travel partners for outsized value, while the Amex Graphite Business Cash Unlimited Card pays plain cash back. Favor the Chase Sapphire Reserve® if you will use travel transfers, the Amex Graphite Business Cash Unlimited Card if you want simplicity. On the sign-up bonus, the Amex Graphite Business Cash Unlimited Card currently has the larger welcome offer. A welcome bonus is a one-time event, so weigh it apart from the ongoing rewards.
Pick the Amex Graphite Business Cash Unlimited Card if your spending leans toward advertising, shipping, office supplies. Pick the Chase Sapphire Reserve® if your spending leans toward travel.