5 ways to use the Sapphire Reserve’s one-time $500 Chase Travel credit
Editor's Note
The Chase Sapphire Reserve® recently underwent a massive refresh, and offered a lucrative welcome offer for new cardholders upon its launch.
At the time, new cardholders could earn 100,000 bonus points plus a $500 Chase Travel℠ promo credit after spending $5,000 in the first three months from account opening. (This offer is no longer available).
This was an exciting way to earn 100,000 Chase Ultimate Rewards points, but the $500 credit came with a caveat. According to the terms and conditions, the promotional credit is valid for one-time use only. If you apply the promotional credit to a transaction less than $500, you will forfeit the remaining balance.
If you earned this offer and aren't sure how to maximize the $500 Chase Travel credit, here are some examples to help you make the most of the welcome bonus.
Book a five-star stay to experience the Giza Pyramids
One of the best ways to use the $500 promo credit (no longer available) is toward a hotel stay that would usually be expensive. The Edit by Chase Travel has an impressive collection of luxury properties worldwide with brands such as The Ritz-Carlton, Four Seasons, Mandarin Oriental, Park Hyatt and more.
For example, the promo credit included in the Sapphire Reserve's previous welcome offer nearly covers a two-day stay at the Four Seasons Hotel Cairo at Nile Plaza.
Paying just $42 for a top property in Cairo is a great value for your money. Search for dates that best fit your schedule; even if your stay isn't nearly free on other dates, it will definitely cover a large portion of your accommodation costs.
Since the hotel is part of The Edit, your reservation includes complimentary daily breakfast, a $100 property credit, room upgrade (based on availability), and early check-in and late checkout (subject to availability). In order to receive these elevated benefits, you must book at least a two-night stay at any The Edit property.
Related: How to book travel (and save points) with Chase Travel
Transcontinental flight to New York City during the holidays
The $500 Chase promo credit (no longer available) is enough to fly transcontinental from the U.S. West Coast to New York during the peak winter season. This can be a great use of the credit, whether you're looking to experience New York City during the winter and get lucky with some snowfall or take in the sights of Rockefeller Plaza and have your own "Home Alone" experience.
The period between Thanksgiving and New Year's tends to be the busiest time for travel, so airfare is at its most expensive. This credit helps ease the burden by lowering costs. Play around with your potential dates and airlines to see which one gives you the best price to maximize the $500 credit (no longer available).
Don't forget that you can also split the cost of your travel between cash and Chase Ultimate Rewards points.
Related: Chase Points Boost: A valuable new redemption option or a disappointing devaluation?
Book a Caribbean cruise getaway
If you're looking for a short escape, the previously offered $500 Chase promo credit is an excellent way to book a Caribbean cruise. Cruise prices vary based on season, cruise operator and the number of days you're looking to sail, but the $500 credit could be enough to offset most of the cost.
For example, a Caribbean and Antilles cruise for three nights is as low as $726. After factoring in the credit, a little weekend getaway will cost you just $226 out of pocket. Of course, you have to also factor in the cost of flying into the city where your cruise departs from, but if you've had your eyes on a cruise, the $500 promo (no longer available) credit considerably reduces the cost.
To further reduce costs, consider using the 100,000-point welcome bonus (no longer available) earned as a new Chase Sapphire Reserve cardholder toward flights for your cruise. You can either redeem your points for flights directly in Chase Travel or transfer them to one of Chase's 11 airline transfer partners.
Related: How to book a cruise using points and miles
Experience the Great Barrier Reef
The $500 Chase promo credit (no longer available) could allow you to experience one of the world's seven natural wonders. Getting to Australia can feel like quite the journey, but it's worth it thanks to the biodiversity and the beauty of its landscape.
Touring the Great Barrier Reef is a top bucket list item for many, and the previously offered welcome offer on the Chase Sapphire Reserve can help you check it off.
The credit is more than enough to cover a two-day snorkeling experience, but keep in mind you'll be forfeiting $39 of the credit as the activity only costs $461. I recommend choosing an activity that maximizes the credit fully.
Even if you pay a little bit over the $500 credit, it's worth it to make sure you don't leave any credit to be forfeited.
Rent a car for a road trip
Chase Travel offers a wide range of travel options. If you don't have a trip coming up or have already booked flights and accommodations, consider using the $500 promo credit (no longer available) to pay for a car rental.
Whether it's for a local road trip or to rent a car during your next vacation, it's a good way to use the credit without giving it up and losing out on a part of the Sapphire Reserve's previously offered welcome bonus.
For example, a one-week car rental in Italy to explore the Tuscan countryside costs $496 and nearly uses the entire $500 promo credit.
Keep in mind that most car rentals offer flexible cancellation policies. Should you choose to cancel your booking, though, you'll lose the $500 credit, and it will not be available again to use for another Chase Travel purchase.
Related: Save money on your next trip: Use these tips to never pay full price for a rental car
Chase $500 promo credit FAQs
If you've already applied and been approved for the Chase Sapphire Reserve's (no longer available) offer that included the $500 Chase Travel credit, here are some things to be mindful of.
When does my Chase Travel promo credit expire?
To receive the (no longer available) promotional credit, new cardholders must make purchases totaling $5,000 or more within the first three months of opening an account. The promotional credit is valid for one year from the date it's made available in Chase Travel.
Can I combine my Chase Travel promo credit with my Sapphire Reserve travel credit?
The $500 Chase Travel Promo credit (no longer available) and the annual $300 Chase Sapphire Reserve travel credit can be combined. The $500 Chase Travel promo credit is added automatically at checkout for any Chase Travel purchase, whereas the $300 travel credit is applied as a statement credit when any travel purchase is made.
For example, an $800 airline ticket booked via Chase Travel would be reduced to $300 thanks to the $500 Chase Travel promo credit at checkout. After the charge has posted to your card, the $300 Chase Travel credit would reduce your out of pocket cost to $0.
Bottom line
If you've already applied for and been approved for the refreshed Chase Sapphire Reserve, we hope this guide has provided inspiration for how to utilize the welcome offer and the $500 Chase Travel credit (no longer available).
Luckily, Chase Travel offers several types of travel, activities and tours that can be booked through the portal, so there's no shortage of ways to use the credit.
Consider the types of uses mentioned above and find the Chase Travel purchase that best fits your upcoming travel plans. Just keep in mind that this is a use-it-or-lose-it credit. If it's not used in its entirety in one purchase, the remainder is forfeited.
If you missed the opportunity to take advantage of the previous offer on the Chase Sapphire Reserve, now is still a great time to apply. The Chase Sapphire Reserve® (see rates and fees) is currently offering 125,000 bonus points after spending $6,000 on purchases in the first three months from account opening.
To learn more, read our full review of the Chase Sapphire Reserve.
TPG featured card
Rewards
| 4X | 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. |
| 4X | 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. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Intro offer
Annual Fee
Recommended Credit
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.
Rewards Rate
| 4X | 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. |
| 4X | 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. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Intro Offer
You may be eligible for as high as 100,000 Membership Rewards® Points after spending $6,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer.As High As 100,000 points. Find Out Your Offer.Annual Fee
$325Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.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.