It’s now confirmed that the $300 Travel Credit will remain intact, apparently with all of the same details as before.
Up to $300 annually toward travel purchases–the most flexible travel credit available.*
For me, this was the biggest sticking point that needed confirmation as it really help offset the annual fee.
The Chase $300 travel credit is easy to use as it typically works on just about anything travel related. Even toll bills have worked for me. See what counts for the Sapphire Reserve travel credit in this dedicated post.
It also matters a lot for churners who sign up for one year and then close, sometimes a bit after the card annual fee renewal.
However, it’s been pointed out that the terms now have a provision which might preclude getting the travel credit twice with a single annual fee. The verbiage is below, I’m not sure if it’s new, but it’s certainly possible they’re weeding this out now with the new product refresh.
We may reverse statement credits if an eligible purchase is returned, canceled, or modified or if you close your account within 90 days of receiving a statement credit.
Here is the full fine print on the $300 Travel Credit:
A statement credit will be automatically applied to your account for purchases made in the travel category, up to an annual maximum accumulation of $300. Annual means the year beginning with your account open date through the first statement date after your account open date anniversary, and the 12 monthly billing cycles after that each year. Call the number on the back of your card to find out eligibility for your next $300 Annual Travel Credit. Purchases are of products and services, minus returns or refunds, made with the card by you or an authorized user of the account; however, the following types of transactions won’t count: balance transfers, cash advances, travelers checks, foreign currency, money orders, wire transfers or similar cash-like transactions, lottery tickets, casino gaming chips, race track wagers or similar betting transactions, any checks that access your account, interest, unauthorized or fraudulent charges, and fees of any kind, including an annual fee, if applicable. We do not determine whether merchants correctly identify and bill transactions as being of a certain type. For more information about Chase rewards categories, see chase.com/RewardsCategoryFAQs. Please allow 6 to 8 weeks for statement credit(s) to appear on your monthly credit card billing statement. The $300 Annual Travel Credit must be available at the time qualifying purchases are made to be applied to your account. Statement credits will be issued for the year in which the transaction posts to your account. For example, if you pay for baggage fees, but the airline does not post the transaction until after the current annual period ends, the cost of the baggage fees will be allocated towards the following year’s Annual Travel Credit maximum of $300. We may reverse statement credits if an eligible purchase is returned, canceled, or modified or if you close your account within 90 days of receiving a statement credit. Any purchases that qualify for the $300 Annual Travel Credit will not earn points.
