Update 8/21/20: Looks like Chase will manually credit the $300 in travel purchases discussed below. Hat tip to tranquiloMilo
Update 8/20/20: Just a little wrinkle we’ve learned now from yokuyuki: apparently, your first $300 in travel purchases will not earn points if you used up the credit on grocery/gas since the system is coded not to rewards points on the first $300 of travel purchase. So if you intend to spend some money on travel, there’s no advantage in having the $300 credit come earlier for grocery/gas purchases since you’ll still lose out on your first $300 in travel purchases.
The Chase Sapphire Reserve card DOES earn points on the purchase made toward the $300 annual travel credit when using the grocery/gas credit option, according to multiple reports.
Background: We had a debate in the comments of the original post about whether the travel credit gets ordinary points when used for Grocery/Gas. I had initially written that it would earn points based on the wording on the Chase page, yet readers noted that the fine print on that page seemed to say the reverse, so I crossed it out.
We know that when used for travel it does not earn points – a change Chase made years back – but the terms were conflicting about whether it would earn points when using the Grocery/Gas credit option.
Apparently, the wording on the top is what mattered. Unless they decide to change things down the road, you should get points on the grocery/gas purchase, even when getting the statement credit for that as well. I’ll update the original post.
This bit of good news matters more this month given that supermarkets are earning 5x points in June, so it’s an extra 1,500 points for the $300. It’s smarter to do the supermarket option before putting any travel charges on your cards since you’ll get points on the purchase.
We’ve previously confirmed that when using the Pay Yourself Back statement credit feature, you still get the points from the purchase. Readers confirm that you stack all three of these by making a $300 purchase during the month of June at a supermarket:
- Get $300 statement credit for the travel/grocery/gas credit
- Get a second $300 statement credit if you choose to cashout 20,000 Ultimate Rewards points using the Pay Yourself Back program
- Get 1,500 points for the 5x grocery promotion
Hat tip to Milestomemories
- Chase Announces Major Temporary Benefits On Sapphire Reserve/ Preferred ‘Pay Yourself Back’ (1.5 Cents Cashout; Easy Travel Credit; $450 Renewal)
- Should You Upgrade To The Chase Sapphire Reserve?
- Reminder: You Can Upgrade To The Chase Sapphire Preferred/Reserve From Chase Slate/Freedom Cards
- Does Chase Deduct Points Earned When ‘Pay Yourself Back’ Is Used? (No, Good News)
- Does Upgrading To Chase Sapphire Reserve Restart My 48-Month Signup Bonus Clock?