Are Fees & Credits Included for Chase Sapphire Reserve Minimum Spending Requirements?

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Are Fees & Credits Included for Chase Sapphire Reserve Minimum Spending Requirements?

Million Mile SecretsAre Fees & Credits Included for Chase Sapphire Reserve Minimum Spending Requirements?Million Mile Secrets Team

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Million Mile Secret Agent YSL commented:

I got the Chase Sapphire Reserve card, but I’m not sure if I met the $4,000 minimum spending requirement in the first 3 months to earn the 50,000 point sign-up bonus.  I spent more than $4,000 on the card, but that included the card’s $450 annual fee.  The total purchases shown on my statement are $3,750.  Does this mean I won’t earn the sign-up bonus points?


Chase Minimum Spending Requirement
Don’t Fret If You Think You Missed a Minimum Spending Requirement!  There’s Still a Chance You Have a Few Extra Days With Chase Cards

Unfortunately, it looks like YSL made an honest mistake and counted the annual fee toward the Sapphire Reserve’s minimum spending requirement.  But annual fees do NOT count toward meeting the minimum spending requirements on credit cards.

That said, Chase usually gives folks between 103 and 115 days from the date of card approval to meet minimum spending requirements.  So if it’s only been 3 months (90 days) since approval, it’s still possible there’s time to make additional purchases and hit the spending requirement.  But you’ll want to call Chase right away to confirm!

I’ll remind y’all what does and does NOT count towards minimum spending requirements.  And how you can monitor your progress during the minimum spending period.

Chase Minimum Spending Requirement

Link:   Do NOT Make These 4 Mistakes With Minimum Spending Requirements! 

Link:   10 Ways to Meet the Chase Sapphire Reserve Spending Requirement

Earning lucrative credit card sign-up bonuses are the best way to get Big Travel with Small Money!  That’s why it’s so important to meet the requirements to get these big bonuses.

For example, the Chase Sapphire Reserve comes with a 50,000 Chase Ultimate Rewards point sign-up bonus after spending $4,000 on purchases in the first 3 months.

The spending requirement must be met with new purchases minus any returns or refunds.  So the card’s $450 annual fee does NOT count towards the spending requirement.

You can track total purchases on your monthly statement by looking at the “Purchases” line in the account summary table.

Chase Minimum Spending Requirement
Check the “Purchases” Line on Your Monthly Statement to Track Progress Toward Minimum Spending Requirements

Keep in mind, if your card comes with credits for things like travel or Global Entry, you will NOT have to spend extra to make up for the credit.

As an example, the Sapphire Reserve comes with $300 in travel credit per calendar year for purchases like airfare and hotels.

So let’s say you spend $3,000 in the first month of having your card, which includes a $300 travel purchase.  Your statement will show a balance due of $2,700, plus the annual fee.  In months 2 and 3, you’ll only have to spend a total of $1,000 to hit the $4,000 minimum spending requirement.

Start Early and Go a Little Over

To be safe, I always recommend spending slightly more than the minimum spending requirement.  This will account for any returns you may have to make in the first few months.

Chase Minimum Spending Requirement
I Suggest Spending Slightly Above the Minimum Requirement. This Way a Return Won’t Keep You From Earning a Sign-Up Bonus!

And if possible, it’s best to meet the minimum spending in the first or second month of a 3-month spending requirement.  This gives you extra time to confirm with the bank that you’ve met the requirements.

Remember the minimum spending clock starts on your approval date, NOT your activation date.  So keep track of the date Chase approves you, not when you get the card in hand and activate it!

And although Chase says you have 3 months to meet the spending requirement, they usually give you between 103 and 115 days from the date of card approval.  It’s best to call the bank or send a secure message to confirm the date for your situation.

Bottom Line

Annual fees do NOT count toward meeting the minimum spending requirements on credit cards.

So to earn the sign-up bonus on the Chase Sapphire Reserve, you’ll need to spend $4,000 on new purchases in the first 3 months, in addition to paying the annual fee.

Keep in mind, any credits you earn during the minimum spending period related to perks like annual travel or Global Entry credits do NOT require you spend additional money.  These purchases do count toward the spending requirement, even with the offsetting credits.

But store returns or refunds will count against you.  So I always recommend spending slightly more than the minimum requirement in case you have to make a return.

Chase says you have 3 months from the card approval date to meet minimum spending requirements.  But you usually get between 103 and 115 days.  I recommend contacting Chase once you get a new card to confirm the exact date.

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Chase Sapphire Reserve®

Chase Sapphire Reserve®

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • Named "Best Premium Travel Credit Card" for 2018 by MONEY® Magazine
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select
  • Up to $100 application fee credit for Global Entry or TSA Pre✓®

More Info

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According to Chase, returns do NOT count for minimum spending. I had returns post on the same statement as the purchase, but they posted the bonus RR points in December and my other bonus in January which meant that I did not get the companion pass. I was told by Chase (more than one person) that returns do not affect the minimum spending for a bonus. I do not believe that is true. They deduct points when you make a return, why is it different for bonus points? I strongly believe that it was deliberate to prevent the companion pass from being awarded. A chase representative told me that I could return all of my purchases, and effectively spend nothing and still receive the bonus.