Posted by Chuck on December 3, 2018
Credit Cards

Published on December 3rd, 2018 | by Chuck

53

[Update/Change] Chase Sapphire Reserve Changes Renewal Date of $300 Travel Credit from December to January [Affects Grandfathered CSR Members Only]

[12/3/18: Seems that January change was just some sort of glitch as it’s no longer showing that; additionally, many people who have had December statement closings are already seeing their 2019 credit showing as available.]

Chase Sapphire Reserve changed the renewal date of the $300 annual travel credit from renewing on the December statement to renewing on the January statement. It still goes with the calendar year, just a change from December to January.

This change is only for grandfathered CSR members who get the travel credit based on the calendar year. Those who signed up since May 21, 2017, get the credit based on the cardmember year. For them, there are no changes at all.

The change is likely to simplify the travel credit: most people think of January as a renewal date, and assume they have the entire December to use up their credit. Still interesting that they are making a change for something that has a diminishing affect (only matters for dwindling grandfathered members).

You can check your online Chase travel credit tracker where it’ll state clearly when the credit renews:

Other people are still seeing the reset as being in December. I’m guessing it just hasn’t updated yet for them (probably depending on when their statements close), but we’ll have to wait and see to know for sure.

We’ve updated our post Year-End Credit Card Checklist for 2018: Travel Credits, Spend Reset, Application Strategy & More to reflect the change.

Hat tip to PhDtravel on r/churning



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Jags
Jags

Great…now I have to hold onto the card 1 more month before downgrading and getting my AF prorated. This is $37.50 out of my pocket.

My mann
My mann

Prob why they did it:)

Brandon
Brandon

my thinking too..

Jesse
Jesse

Are you guaranteed a prorated AF if you downgrade after the 30-day deadline? My AF posted on December 1st, but I’d like to use the travel credit at the start of January. Worth paying $37.50 for the $300 in my case.

Hermio Wang
Hermio Wang

Mine still shows December.

anne
anne

How do I see the travel credit section? I was looking for it but I could not see it. Thanks.

Chris
Chris

Go to your Ultimate Rewards menu, it’ll be on the right side of the page. Mine still shows December as well.

Hermio Wang
Hermio Wang

see the screenshot in the article

Celia
Celia

Go to your Ultimate Rewards section for the Sapphire, that’s where you’ll see it.

Mine still shows December. Got my card February 2017.

mk712
mk712

Mine as well: “(Your next year’s $300 Annual Travel Credit will begin after your statement closing date in 12/2018.*)”

botulism
botulism

about to upgrade my preferred to reserve. if i get it in december i can double dip this month with 300 credit and next year 300 credit?

thanks

Jesse
Jesse

No, this only affects the grandfathered CSR users, I believe.

Matt
Matt

wait, so if my annual fee is charged on 2/1, and i downgrade before 3/1, will i get the credit at all? My january statement doesnt post until like the 1/28 so all my charges will go on my february statement but if I downgrade will the credit be clawed back?

mjs
mjs

don’t know if the Sapphire is different from the Ritz (I doubt it), but for the Ritz, I simply SM’d them as soon as the travel charge posted, and the credit usually showed about 2 days later. so i don’t think it’s tied to the statement, but you might need to be a little proactive making charges in early Feb and asking for the rebate (cough, cough, AA electronic gift cards that are in the same amount as a baggage or change fee).

Lrdx
Lrdx

You don’t have to SM with CSR, it’s fully automatic.

Charlie
Charlie

No big deal for me. I never travel in December, January, or February. I make a trip to see my father every March and get the $300 travel credit from the airfare and rental car charges from that trip.

Why on earth would anybody buy American Airline gift cards to get the CSR travel credit when nearly every imaginable real travel expense counts towards the $300 travel credit. Are people confusing the CSR with Amex Platinum and Gold where real travel doesn’t count toward the credit?

Celia
Celia

Because if you can get the $300 credit in before your next annual fee hits, you can get the $300 and not have to pay the annual fee if you cancel the card.

Charlie
Charlie

Why would you want to cancel the card?

Celia
Celia

Some people do, or downgrade. If you really don’t travel and got the card for the sign up bonus and double dip on the travel credit.

I am cancelling one of two. Don’t need two but definitely keepin one.

MoreSun
MoreSun

Jerks. Everyone grandfathered has already learned this the hard way. The only reason to make this change now is to push the expenses into next year.

Aditya Shrivastava
Aditya Shrivastava

So, we have to use our 2018 credit by December 31st, 2018 but the 2019 credit starts on the statement closing date in January which could be as late as January 31st?

Jatan
Jatan

Mine still shows 12/2018 — statement ends tonight and new one starts tomorrow so hopefully it’ll reset overnight. Want to use up credit quickly and downgrade card

Kim
Kim

Mine also closes tonight and I have tickets on hold. Was going to use the $300 to help offset the cost. Major bummer for me!

Kim
Kim

Except, not downgrading card. I get a lot of value out of it.

Jatan
Jatan

Mine just reset so no problem for me:

Annual Travel Credit
$0 Received
Take advantage of this year’s $300 Annual Travel Credit by making eligible travel purchases. (Your next year’s $300 Annual Travel Credit will begin after your statement closing date in 12/2019.*)

Joe
Joe

The people angry at this change are those who ruin the card for everyone else

Sam
Sam

Not true. I have travel planned for December where I was literally budgeting using this credit. Now things just got more complicated. (Although my UR account still says my credit will become available in December, not January, and I got my CSR in January 2017).

MoreSun
MoreSun

For sure. I do everything I can to ruin everything for everyone else. Credit cards. Gift cards. Christmas. #ProfessionalRuiner

gdub
gdub

no regrets downgrading my CSR a couple of months ago.

perfectviking
perfectviking

Mine reset tonight as expected. August 2016 CSR for me n

Not that I’m doubting the change but something else must have triggered it. It’s not all grandfathered CSR holders.

Nina
Nina

Looks like mine reset tonight too. Shows $300 travel credit available, and the next reset to be in 12/19. The card was opened in August 2016.

Nina
Nina

Correction: opened in January 2017.

VL
VL

Sucks for people who opened the card in January… and there a lot of them since 100k bonus ended in Jan 2017. Myself included. That makes it harder to get the last credit before closing/downloading when/if they downgrade. Altgough I am still keeping the card – tremendous value for $150 (not to mention – need to park URs somewhere). Still altgough not even planning to close it for now this change is a negative one.

Celia
Celia

I thought the bonus ended the first week of March 2017. I got my first one the second week of February and the second the last week of February. Both were opened in branch so that might be the difference.

I’d prefer to use my credit on the one in December if possible (cancelling one of them) but since my annual fee doesn’t hit until March 1, the month delay won’t be the end of the world. Keeping one of course.

VL
VL

In branches in 3/12/17 but online 1/11/17. … or somethungvlike that.

Jesse
Jesse

Mine still shows as resetting in December, AF posted today. Closing date is the 17th and I have a room booked for the 16th. It’s all cut very close, let’s hope it works out in my favor!

MoreSun
MoreSun

Happy to see this looks not be coming to fruition. DPs on Reddit are also reflecting travel credits resetting in Dec as expected. Begs the question: glitch, test, or did they decide to change it and then go back on that at the last minute?

Bringiton
Bringiton

My AF posted 11-1, I called to downgrade and they said I have 40d to get it reversed if downgrade and said I could get another round of travel credits before then and still have the AF waived. Is that a lie?

MoreSun
MoreSun

I believe DoC has reports it’s 30 days to get a refund in full if you close/downgrade. After that people have reported receiving a pro-rated refund when downgrading the card, even though Chase reps will tell you no refunds at all. And yep, you can use the $300 travel credit before you close it out if it resets right for you. Many people have done so successfully.

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