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Primer on Chase Sapphire Reserve $300 Travel Credit
Update: Due to the lack of travel during the COVID-19 pandemic, Chase has extended the ability to apply the travel credit to purchases at grocery stores and gas stations through June 30, 2021. The annual $300 Travel Credit is easily the most lucrative benefit of the Chase Sapphire Reserve card. Questions about what it covers and when it resets have been plentiful. It’s important to understand the benefit to know if and/or when you should apply. Fully monetizing the credit each year will effectively reduce the annual fee of the Sapphire Reserve from $550 to a net $250. You can receive this benefit twice in the first year of holding…
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Chase Sapphire Reserve to Limit Priority Pass Guests
In an effort to reduce costs, Chase is reducing some benefits of its premium Sapphire Reserve card. New Priority Pass Guest Limit In the “most inevitable change” category is the limitation on Priority Pass guests. The benefit will now match competing credit cards by limiting the number of free guests to 2. Additional guests will incur a $27 entry fee. You can read more about Priority Pass here. I always felt this benefit was too generous and that it would be the first one to be cut back. Good Bye Price Protection Chase is completely eliminating the Reserve’s Price Protection feature. With this feature, Chase would credit you with the difference…
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Don’t Downgrade Your Chase Sapphire Reserve. Not Yet, Anyway.
UPDATE 2: The $300 travel credit applies to purchases at grocery stores and gas stations through June 30, 2021. UPDATE: Chase recently changed it’s annual fee refund policy for product changes from 60 days for a full refund to about 40 days. The premise of this post still works, just mind the timing if you choose to downgrade/product change. In late 2016, Chase introduced the Sapphire Reserve to it’s stable of credit cards. It carries a hefty $550 annual fee ($450 for renewals), but it also offers a myriad of travel benefits that offset that fee. These include an annual $300 travel credit, complimentary Priority Pass airport lounge access, and…
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Can You Still Double Dip Sapphire Reserve Travel Credit?
UPDATE: Chase recently changed it’s annual fee refund policy for product changes. The premise of this post still works, just mind the timing if you choose to downgrade/product change. One of the most generous benefits of the Chase Sapphire Reserve (referral link) credit card is its $300 annual travel credit. Right now, since the credit resets each December, you could receive the full travel credit twice–that’s $600–while paying only one annual fee of $450. Earlier today, news broke of a change in the reset timing of the annual credit. Instead of the travel credit resetting each December, it will reset based on the anniversary of the date you opened your account. …
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How Does Chase Sapphire Reserve’s Travel Credit Impact the Signup Bonus?
When I applied for the Chase Sapphire Reserve card in January, the signup bonus was 100,000 Ultimate Rewards Points after spending $4,000 in the first 3 months. I’ve been asked what would happen if some of that spending was on travel, triggering the $300 travel credit. If the credit takes you back below $4,000, do you still get the points? I had already received some travel credits as soon as I got the card and was getting close to meeting my own spending requirement. So, I decided to test this for myself. My plan was simple: get to just over $4,000 in total spending and stop using the card. Other…
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Double-Dipping the Chase Sapphire Reserve Travel Credit
NOTE: For applications after May 21, 2017, Chase has changed the date that the Reserve’s annual travel credit resets from each December to the first statement after your account anniversary. If you applied prior to May 21, 2017, the information in this post still applies. For those who applied more recently, please refer to the double-dipping information in this updated post. One of the most generous benefits of the Chase Sapphire Reserve credit card is its $300 annual travel credit. Even better, during the first year you have the card, you can receive the full travel credit twice–that’s $600–while paying only one annual fee of $450. You will have more…
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Plan Your Credit Card Travel Reimbursements for 2017
Premium travel credit cards with annual fees of over $450 or more may seem incredibly expensive at first glance, but when you factor in the annual travel credits they offer, the final cost is much easier to swallow. Each card’s travel credit benefit has its own nuances. It’s important to know the up-to-date rules, so there’s no surprises when it comes time to cash in on your reimbursement. There are two frequent questions I am asked about each card’s credits: What does it cover and When exactly does it reset? This post will cover each benefit’s individual rules. Since all of these travel credit benefits reset annually each calendar year (not on the…
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