The Chase Sapphire Reserve card has a great ravel benefit that offsets most of the annual fee. Cardholders receive a $300 Annual Travel Credit which is applied automatically to travel purchases. Now Chase is changing the way it calculates the year, regarding this credit. It goes from calendar year to membership year.
$300 Annual Travel Credit
A statement credit will automatically be applied to your account when your card is used for purchases 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. (For applications submitted before February 21, 2019, annual means the year beginning with your account open date through the first December statement date of that same year, and the 12 billing cycles starting after your December statement date through the following December statement date each year.)
What Does This Mean
If the $300 Annual Travel Credit is received once per calendar it means that you can get it twice, while paying only one $450 annual fee. This makes the card tremendously profitable if you’re planning to only keep this card for one year.
With the rules change, you’ll only be able to get the $300 Annual Travel Credit once in the first year or card membership.
However, for those who already have the card or get the card before February 21, 2019, you can get $300 this year and then again after the year is over. So if you’re planning to get the card, it’s best to do it before 5/21 to get an extra $300 in travel credit.
The card definitely loses value for the first year with this change, but it makes sense, since the travel credit is really meant to be used once per year. The good thing is that those who have the card before February 21, 2019 can still take advantage of the old rules and get the travel credit twice while paying only one annual fee.
Just keep in mind that the current bonus is only 50K and it was at 100K when the card came out. The card also falls under the 5/24 rule.
- Apply Here
- 50,000 bonus points after $4,000 in purchases in the first 3 months
- 3X Points on travel and dining worldwide
- 1 point per dollar spent on all other purchases
- 1.5 cents per point in value when you redeem for travel through Chase Ultimate Rewards
- Transfer 1:1 to the regular Ultimate Reward transfer partners
- $300 Annual Travel Credit
- Complimentary lounge access at over 900+ lounges
- Global entry or TSA pre check credit of up to $100
- Visa Infinite
- No Foreign Transaction Fees
- $450 Annual Fee
- $75 Authorized User Fee