Posted by William Charles on December 6, 2016
Credit Cards

Published on December 6th, 2016 | by William Charles

69

Haven’t Used Your Chase Sapphire Reserve $300 Travel Credit? Here’s What To Know

A lot of readers signed up for the Chase Sapphire Reserve card when it launched this year, it has a massive $450 annual fee but that is offset by the $300 travel credit. A lot of people still haven’t used their credit and that worries me, so consider this your forceful reminder.

It’s really important to keep in mind that your purchase needs to POST before your December 2016 statement closes. That means you need to use this credit ASAP and for some of you it will be too late. It is possible to change your statement closing date with Chase (although changing the first statement closing date usually doesn’t work, instead it will close at a different date the following month) – this is something I wouldn’t rely on either.

If you need inspiration on what to use your $300 travel credit for, we have a list of what does and doesn’t trigger the credit here. If you’re still struggling for ideas, we list the best options to turn that travel credit into cash here.

$300 is a lot of money and you’re not getting good value out of this card if you let any of that $300 go to waste. I don’t want any readers leaving money on the table, so use this credit before it’s too late so I can sleep at night. I imagine readers will have questions, feel free to ask them in the comments (and also see if yours is already answered) and I’ll do my best to answer them all (you can also answer them if you know the answer).

You can view other posts in this series:

 



69
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
NinjaX
NinjaX

i think it would help your readers if you post up an timeline example. based on your warning, it sounds exactly like the Citi Dividend 5% right?

so if statements CLOSE TODAY DEC 6th, your next one will close JAN 6th meaning anything that posted AFTER DEC 6th will go to 2017 $300 Travel Credit due to the statement close in Jan 6th right?

jnrfalcon
jnrfalcon

We have a DP of a person applied on Dec 1st and just received his expedited card. He contacted via SM and the reply is there won’t be a statement for Dec – Jan 2017 will be his first statement. However, the credit is still available for this year as long as the transaction post on or before Dec 31st. We are suspecting that he might need to contact again to get it reimbursed correctly as stated. But at least one of Chase CSR can confirm that It’s not yet too late for the credits.

jnrfalcon
jnrfalcon

I’m sending the screenshot to your email

jo
jo

Not only that you have to spend the credit before your december closing date, It has to also post before the date. I learned this the hard way.

denoftheturtle
denoftheturtle

is it based on the transaction date or the posting date? my statement closed on dec 5th, but my charge from dec 5th is still pending. Can i get it reimbursed for the current year or the next year?

Thanks

Abhi
Abhi

Hi Doc,

I just applied and got approved for CSR and am awaiting it in the mail.

any tips on how to get the 300 bucks this year so i can double dip?

Cheers

Jason
Jason

I upgraded from the CSP to the CSR over the weekend. I was specifically told by Chase rep that the charges must post on my December statement or it will go to 2017. Booked a delta flight on Sunday, reimbursed Monday night. Upgraded to MCE seats on American Sunday charge still pending. Statement closes on 12/7 so it’s going to be close. Rep reiterated several times, must post by 12/7 closing for this year credit.

gum
gum

I got pre-qualified CSR and the card was approved on Dec 5th from a banker. I was told that I will receive my card in one week. I saw the next payment due is Jan 19th 2017 online. Is it possible I could catch up travel credit in 2016? If yes, can I buy AA airline GC to make the credit?

Mickey D
Mickey D

Can you do this type of post for the more restrictive Ritz-Carlton credit? Don’t want to let $300 go to waste but my next flight isn’t until 2017.

Sid
Sid

I’m a little confused. I received my card 9/1. According to the Chase CSR, the final date that marks the end of my 3 month spending period is 12/25. My next payment due date is 12/12, but the closing date for this statement was November 25. So my December closing date will be the upcoming one around the 25th, correct?

Sid
Sid

Ok I’ll rephrase: is my December closing date the statement date that is issued in Dec or the date that comes due in Dec (got the statement in Nov)

Matt P
Matt P

Why does it have the post on the December statement when travel credit is refunded immediately? All of my travel credits posted the same day that my purchases for travel posted.

Tory
Tory

If it behaves like the consensus thinks, then after you have been reimbursed $300, your limit will not reset until your next DECEMBER statement closes. So if you don’t have one closing in 2016 you are SOL until after your 2017 December statement closes.

Matt P
Matt P

That makes sense, thanks.

joE
joE

So for those that haven’t applied might as well wait and apply sometime in 2017 if we’re in no rush to get back to back credits?

CT
CT

DP: My December statement cycle started on Dec.4 and my travel credit renewed. I tried messaging Chase and seeing if I could get any credit applied to my statement for the unused travel credit but no dice. There was about $70 left so while unfortunate I can live with it. Lesson learned!

NinjaX
NinjaX

CPC banker told me lots of kids applying for CSR and dont get how they get approved… comical dude…

gary
gary

Not sure chase is the same as citi on this, Citi dosnt credit you back until the statement closes. Chase credits you back the same day the charge posts. So not sure if someone does a transaction after their dec statement but before the EOY and it posts, if they’d still get credit. My statement date is 12/28 so no diff to me

milesjjcc

DoC,
Can you add Uber through MPX? It’s coded as Ground Transport & is credited

Scott Olmsted
Scott Olmsted

My travel credit has already reset to start working on next years. Showed online as soon as the statement closed. Can’t wait to spend the credit and sign on bonus on a trip instead of the boring tolls I prepaid this year to make sure I got the credit in time.

Latenightchurn
Latenightchurn

Mine gets auto applied to my metro card purchases. Ugh. I kind of wish I could ask them to hold onto it until I want to apply it! I know it’s just money but it feels so sad to see it go to metro.

Back to Top ↑