This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Update: Some offers mentioned below are no longer available. View the current offers here – Chase Sapphire Reserve

TPG reader Gilbert emailed me to ask about the timeline for using one of his credit card benefits:

“Does the $300 travel statement credit on the Sapphire Reserve card have an expiration?”

Several of the top rewards credit cards offer statement credits for travel purchases, which can help offset a large portion of the annual fee. The terms and conditions typically specify a period of eligibility for each credit, so you have a limited amount of time to either use it or lose it. To make sure you get full value from these card benefits, it’s important to understand precisely when they expire.

The Chase Sapphire Reserve Card offers an annual $300 travel statement credit that’s clearly the most lucrative and flexible benefit of its kind. You can use it to cover a wide variety of travel-related purchases, ranging from airfare and hotels to miscellaneous expenses like taxis and parking garages. Another great feature is that the credit posts quickly to your account, so you don’t have to wait for it or file a request for reimbursement. Best of all, the benefit is renewed each year; the only tricky part is knowing precisely when that happens.

There seems to be a discrepancy between how the benefit is described and how it’s implemented. According to the Chase website, the $300 statement credit is available for your first year as a cardholder from the date your account is opened through your December statement date (i.e., when your statement closes in December). You then get another credit valid for the next 12 billing cycles (through the following December statement date).

IMG Train Nuremberg banner shutterstock 433453609
The credit applies to a range of travel purchases, but be sure to use it by the year’s end. Image courtesy of Shutterstock.

Keep in mind that there may be a delay between when you swipe your card and when a transaction actually posts to your account. Charges usually show up within 72 hours, but it can occasionally take longer. The benefit doesn’t apply to transactions that are still pending, so I recommend completing purchases by Christmas in order to use up any remaining credit before the year ends.

For more on travel credits and the Sapphire Reserve card, check out these posts:

If you have any other questions, please tweet me @thepointsguy, message me on Facebook or send me an email at

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.