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Chase Sapphire Reserve $300 Travel Credit Resets After December Statement

Dec. 13, 2016
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3 min read
Chase Sapphire Reserve $300 Travel Credit Resets After December Statement
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One of the Chase Sapphire Reserve's many amazing perks is its annual $300 travel statement credit, which applies automatically to all travel purchases. Any transaction that codes as travel — from hotels to airfare to car rentals and much more — will qualify for the credit. Here’s a description of what counts as travel, from Chase’s website:



Merchants in the travel category include airlines, hotels, motels, timeshares, campgrounds, car rental agencies, cruise lines, travel agencies, discount travel sites, and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages. Please note that some merchants that provide transportation and travel-related services are not included in this category; for example, real estate agents, websites or owners that rent vacation properties, in-flight goods and services, on-board cruise line goods and services, sightseeing activities, tourist attractions, merchants within airports, and merchants that rent vehicles for the purpose of hauling. In addition, the purchasing of points or miles does not qualify in this category.

So any transaction that falls into one of the above categories should trigger the credit, which posts instantly on your account. Better yet, if you've already used your $300 credit for 2016, you don't have to wait until January 1, 2017 to tap into next year's credit — as you can see below, my credit reset earlier this week, since it's tied to your December statement date rather than the end of the calendar month.

At the same time, if you have yet to take advantage of this year's credit, you may have less time than you thought. If your December statement hasn't already closed, you can still spend toward this year's $300 credit up until your statement closing date, but it's important to note that your transaction must post on your December statement — transactions that are listed as pending by that date do not count.

As a reminder, here’s a look at how the Reserve card’s $300 credit stacks up against other cards’ versions of the perk:

 Annual FeeTravel Credit AmountHow It’s ProcessedEligible Uses for Credit
Chase Sapphire Reserve
$450
$300
Automatically applied
All travel (see list above)
The Platinum Card from American Express
$550
$200
To use the credit, you need to select a qualifying airline.
Baggage fees, in-flight food and drink
American Express Premier Rewards Gold Card
$195 (waived the first year)
$100
To use the credit, you need to select a qualifying airline.
Baggage fees, in-flight food and drink
Citi Prestige Card
$450
$250
Automatically applied
Airfare, baggage fees, lounge access, some in-flight purchases
Ritz-Carlton Rewards Credit Card
$450
$300
You need to call in after using the card for an eligible purchase.
Baggage fees, seat upgrades, in-flight entertainment, in-flight meals preferred lounge memberships or passes

Note that each issuer handles this credit differently. Amex, for example, issues its airline fee credits based on the calendar year — so January 1 through December 31 — rather than your billing cycle. Also, while Chase credits post instantly, Amex says to allow up to 4 weeks for your credit to appear on your account.

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Have you already received your 2017 travel credit from Chase?

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  • Annual Fee is $325.
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at American Express's secure site
Terms & restrictions apply. See rates & fees
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4XEarn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
4XEarn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
3XEarn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
2XEarn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
1XEarn 1X Membership Rewards® point per dollar spent on all other eligible purchases.

  • Intro Offer

    As High As 100,000 points. Find Out Your Offer.

  • Annual Fee

    $325

  • Recommended Credit

    Excellent to Good

Why We Chose It

There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)

Pros

  • 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
  • 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
  • Packed with credits foodies will enjoy
  • Solid welcome bonus

Cons

  • Not as useful for those living outside the U.S.
  • Some may have trouble using Uber and other dining credits
  • You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
  • Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
  • Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
  • Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
  • Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
  • Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
  • $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
  • $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
  • $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
  • $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
  • Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
  • No Foreign Transaction Fees.
  • Annual Fee is $325.
  • Terms Apply.