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That Was Easy! The Year Has Just Begun and My Mom Has Already Used Her Chase Sapphire Reserve $300 Travel Credit

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That Was Easy!  The Year Has Just Begun and My Mom Has Already Used Her Chase Sapphire Reserve $300 Travel Credit

Meghan HunterThat Was Easy!  The Year Has Just Begun and My Mom Has Already Used Her Chase Sapphire Reserve $300 Travel CreditMillion Mile Secrets Team

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One of my favorite Chase Sapphire Reserve perks is the $300 annual credit for travel purchases because it’s so easy to use.  When you use your card for ANY travel purchase (think airfare, hotels, Uber, and more!), you will get an automatic statement credit until you’ve spent a total of $300.

Paid $40 for an Uber ride home from the airport?  You’ll get a credit for it.  Paid $200 for an Airbnb during a weekend getaway?  You’ll get a statement credit for that too!  Bottom line is, you will automatically be reimbursed until you’ve spent a total of $300 on travel.  It couldn’t be more straightforward.

This benefit just one of the many reasons I suggested the Sapphire Reserve to my mom.  And even though January isn’t even over yet, she’s already used it up!

My Mom’s Chase Sapphire Reserve Annual Travel Credit Helped Us Save on Parking While Visiting the Denver Botanical Gardens

To me, the $300 travel credit makes paying the Sapphire Reserve’s $450 annual fee well worth it.  Because you’re effectively paying $150 ($450 annual fee – $300 travel credit).  Plus, you’ll get to enjoy earning those ever-valuable Chase Ultimate Rewards points!

For new cardmembers, the annual travel credit year is determined based on your card anniversary.  My mom applied for the Sapphire Reserve when it first came out, so she still earns the travel credit based on a calendar year.  Regardless, it’s a fantastic perk.

The Clock on My Mom’s Chase Sapphire Reserve Annual Travel Credit Restarted December 21, 2018. And She Used It Up Right Away!

Apply for the Chase Sapphire Reserve

Apply here:   Chase Sapphire Reserve

Read our review of the Chase Sapphire Reserve

The Chase Sapphire Reserve consistently tops the list as the best premium travel credit card.  When you apply for the Sapphire Reserve, you can earn 50,000 Chase Ultimate Rewards points after spending $4,000 on purchases in the first 3 months from account opening.

The sign-up bonus is worth $750 when you redeem your points through the Chase Ultimate Rewards travel portal.  Because points linked to your Sapphire Reserve are worth 1.5 cents each toward travel through the Chase portal.  Plus, you can move points from other Chase Ultimate Rewards point earning credit cards to increase the value of all your points.

My favorite way to use Chase Ultimate Rewards points is to transfer them directly to Chase’s airline and hotel partners, like Hyatt, Marriott, and United Airlines.

The card has a $450 annual fee, which is NOT waived for the first year.  And it IS subject to Chase’s 5/24 rule.  So if you’ve opened 5+ cards in the past 24 months from ANY bank (excluding business credit cards from American Express, Bank of America, Chase, Citi, and Wells Fargo), you will NOT be approved for Chase Sapphire Reserve.

You can read our full review of the Chase Sapphire Reserve here.

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

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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