Friday, December 23rd, 2016, 2:10 pm
Here Are The Ways You Can Spend Your Chase Sapphire Reserve $300 Annual Travel Credit; Plus: Timing The Spending And A 2017 Spend Report
Update: If you changed your due date to the 25th of the month then your statement should close on December 28th. You should make your travel charge by today to make sure that it posts by the 28th for a 2016 travel credit.
Originally posted on 12/4:
-Are Bank Points Overtaking The Value Of Airline Miles? 2 Hybrid Cards Allow You To Lock In The Best Of Both Worlds
-Here Are The Ways You Can Spend Your AMEX Airline Fee Credit
-Now Is The Best Time To Apply For A Sapphire Reserve Or Business Platinum “Hybrid Card”
-30 Awesome Things You Can You Do With Ultimate Rewards Points
-Building Credit And Credit Card FAQs: Your Questions Answered
You can spend $300 per year on travel with the Chase Sapphire Reserve card. You’ll receive an automatic refund for transaction in any of these categories until you reach $300 in refunds per year. The credit will post within a few days of the spend.
View the full list of valid travel charges after the jump:
As explained in this post, Chase calculates the year based on when your December statement closes. If your statement closes on December 15th then you must finish your 2016 travel spend before that date. Your 2017 spend will begin on December 16th.
Generally speaking your statement will print 3 days later in the month before your payment due date. If your payment due date is on January 20th then your statement will close on December 23rd. It would be wise to finish the spending a few days before December 23rd. After December 23rd you can start working on your 2017 travel spend.
Can you still get a 2016 travel credit if you apply now for a Sapphire Reserve card?
People have been reporting various due dates in January. If you get a due date between the 6th to the 25th then your bill will close between December 9th-28th and you will have time to spend the $300 in 2016 travel credit.
It is definitely still possible to get those due dates, but there’s no guarantee. If you do apply then be sure to call reconsideration to see if you can get approved today.
You may also be able to change your payment due date to generate a December statement if your due date is earlier than January 6 or later than January 25th. Just call to have you due date changed to January 25th to have your statement close on December 28th.
There is now a DDF datapoint to verify that the system is working as promised. Member “thankyoudan” opened his Sapphire Reserve on November 8th. His first statement closed on December 1st. He got a $300 credit for 2016 on 11/27 before his December statement date and another $300 on 12/2 after his December statement date.
These categories have been confirmed as working for automatic travel refunds. If you know of others please post a comment!
-Airline tickets from any airline
-Air Canada Gift Cards
-Alaska Airlines gift cards
-American Airlines gift cards
-Baggage fees from any airline
-Delta gift cards
–Hawaiian Airlines gift cards.
-Online travel agencies (Including Expedia, Orbitz, and Priceline)
-Seat selection or upgrade fees for any airline
-Southwest gift cards
-Retail travel agencies
-Taxes on award tickets for any airline
–United gift registry: Register and create a goal in order to contribute travel funds to your United account for future ticket purchases
-Airbnb gift cards
-Marriott gift cards
-Norwegian Cruise Line gift cards
-Online travel agencies (Including Expedia, Hotels.com, Orbitz, and Priceline)
-Retail travel agencies
-Jerusalem Light Rail
-Long Island Railroad
-Metra Rail Chicago)
-Prepaid EZPass tolls loaded with the one-time payment option online or over the phone. If the system auto-loads then it won’t count as travel. Note that this loading method works for the vast majority of people, but a couple people have reported that it didn’t work for them.
-Prepaid I-Pass tolls loaded via one-time payment
-Prepaid FasTrak tolls loaded via one-time payment
-Prepaid SunPass tolls loaded via one-time payment
-Prepaid Washington DOT Good to Go tolls loaded via one-time payment
-Postpaid 407ETR Toronto tolls
-Uber gift cards only if they are bought from the MileagePlusX app for iOS or Android
Were you refunded from other purchases? Hit the comments!
More about the card:
Chase is currently offering an unprecedented 100,000 Ultimate Rewards points for spending $4K on the Sapphire Reserve card within 3 months. You can use those points for $1,500 in travel or you can transfer them into airline miles or hotel points.
The travel spending and Global Entry fees that are refunded still count towards the $4K threshold! You’ll even get the keep the bonus points for travel spending that is refunded!
You can view credit card offers by clicking on the “Credit Card Offers” tab on top of the DansDeals banner to view links for card offers by bank or view offers via the CreditCards.com banners on the side of this site.
Note that if you have opened up 5 or more consumer credit cards in the past 2 years it can be difficult to get approved for most cards from Chase unless you have a banking relationship like Chase Private Client. Read more about 5/24 here.
The card has a $450 annual fee which is not waived for the first year. The effective annual fee though is much lower thanks to the travel credit.
The Sapphire Reserve offers a $300 automatic travel credit to offset the annual fees described above.
Right now you can apply for the card and take advantage of $900 in travel credits in your first cardmembership year. You can get $300 in travel credit before your December 2016 statement prints. You can get $300 in travel credit anytime after that point until your December 2017 statement prints, and you can get $300 in travel credit in December 2017 right after your December statement prints. Your first annual fee will be due in January 2017 and your next annual fee won’t be due until January 2018.
People that have been approved for the card now are reporting that their first due date will be between January 15-23. If you have a due date of January 15 that means your statement end date is December 18. If you have a due date of January 22 that means your statement end date is December 26. Try to spend a couple of days before then and you will be good to go.
Combined with the signup bonus that means you can get $2,400 in travel in your first cardmembership year.
After the first year, the annual travel credit effectively lowers the annual fee of the card to $150 per year. That’s only $55 per year more than Sapphire Preferred and it comes with a lot of valuable benefits that make the card a keeper:
Sapphire Reserve offers 3 points per dollar on all of the travel items listed above. It also offers triple points on dining including restaurants, fast food, coffee shops, bars, lounges, and cafes.
There are no foreign transaction fees.
You’ll be able to access over 900 clubs worldwide with Priority Pass and you can bring unlimited guests with you into the lounge for free! That includes lounges with kosher food and wine in Newark and Tel Aviv. You can call Chase to enroll in Priority Pass or you can enroll online here. You can even pay to access Priority Pass lounges before you get your membership card and you can call Chase to refund those lounge entries!
Every 4 years you can get a $100 credit for a 5 year Global Entry membership which also includes TSA pre-check. That means you can skip the lines and forms when flying back from abroad and you can leave your shoes on, laptops in their bags, and go through metal detectors when flying from the US. It makes flying so much easier!
Additional cardholders cost $75/year and include a Priority Pass membership with free guesting privileges as well.
Increased cash back or miles:
The Sapphire Reserve allows you to use all your Chase points for 1.5 cents each per dollar towards travel.
The ability to choose between 1.5 cents per dollar or mileage transfers make Sapphire Reserve an incredibly versatile credit card.
You can choose to hunt for award tickets bargains and then transfer them into real airline miles instantly. The value of airline miles can be extremely high for one-way tickets, last-minute tickets, and first class tickets.
Or you can just use them for paid airfare, hotels, car rentals, or activities at a value of 1.5 cents each.
The 1.5 cents per dollar redemption option also means the travel and dining categories on this card earn at least 4.5% per dollar.
-The no-fee Chase Freedom Unlimited card earns 1.5 points per dollar everywhere. Having the Sapphire Reserve makes everyday spending on that card worth at least 2.25%.
-The no-fee Chase Freedom and Ink Cash cards also have 5 point category bonuses and those will be worth at least 7.5% if you have the Sapphire Reserve.
-The new Ink Business Preferred has several 3 point categories that are worth at least 4.5% if you have the Sapphire Reserve.
If you already have a Sapphire Preferred card you can downgrade it to Freedom or Freedom Unlimited to take advantage of their spending benefits and you can always transfer those points to Sapphire Reserve to make them 50% more valuable.
As a Visa Infinite card, it also comes with some benefits like discounts on car rentals, including 30% off at Silvercar.
Sapphire Reserve comes with primary rental car CDW insurance in every country in the world. Most other cards only have secondary coverage when you rent a car in your home country. This means that if you damage your rental vehicle you must file the claim with your own personal insurance policy first, and only if they won’t cover the damage will the credit card cover the damage. Even additional cardholders get primary coverage when they rent.
Most credit cards also exclude countries like Israel from coverage, however all Chase cards cover you worldwide, including in Israel. And they will give you a letter of coverage stating that you are covered in Israel so that you don’t have to argue at the rental car counter that your Chase Visa does give CDW coverage.
Plus you get triple points on car rentals, meaning there is no better card out there for car rentals!
-Roadside Assistance: Coverage for up to 4 incidents per year. The battery in my 2011 Altima died on me twice in the past month and Chase sent out assistance with ease. And yes, I did finally buy a new car battery.
-Trip cancellation insurance is free.
Trip cancellation reimburses up to $10,000 per person, up to $20,000 per trip, and up to $40,000 per year if you need to cancel for injury, death, or sickness experienced by you, a traveling companion, or an immediate family member of you or your traveling companion. Other covered reasons include severe weather, military orders, terrorism, jury duty, home dwelling becoming inhabitable, quarantine, or financial insolvency of the travel agency or operator of your trip.
Other card benefits include:
-Price protection. Find a lower price in a store or online on a non-auction site within 90 days and get back up to $500/item and $2,500/year.
-Return protection. Return an item to a store that won’t take back an item for up to 90 days ($500/item, $1,000/year)
-Purchase protection: 120 days of protection in case of damage or theft on items you buy ($10,000/item, $50K/year)
-Warranty protection: An extra year of warranty coverage on purchases ($10K/item, $50K/account)
-Lost Luggage Protection: If your checked or carry-on bags are lost you can be reimbursed by up to $3,000 per person.
-Trip Delay Protection: If you are delayed that either requires an overnight stay or is more than 6 hours you can be reimbursed for up to $500 in expenses per person.
-Baggage Delay Protection: If your bags are delayed by more than 6 hours you can be reimbursed for up to $100 in expenses per person per day, for up to $500 per person.
-Travel Accident Insurance: Coverage if you are injured or killed on a trip.
-Visa Infinite Concierge is included free of charge.
The Chase Sapphire Reserve card earns Ultimate Rewards points and has the ability to transfer points into miles. It also gives you the ability to transfer points from fantastic no annual fee cards like Chase Freedom, Freedom Unlimited, and Ink Cash into miles as well, as those cards can’t transfer points directly into miles without having the Sapphire Reserve, Sapphire Preferred, or Ink Plus card.
You can also transfer points at an equal ratio to your own or to one authorized user’s airline and hotel programs:
-United (Star Alliance)
-Singapore (Star Alliance)
-British Airways (OneWorld)
-Air France/KLM Flying Blue (Skyteam)
Chase Ultimate Rewards offer instant and fee-free transfers to top-notch mileage and points programs at a 1:1 ratio.
You can transfer points to a household member’s Chase card or to an authorized user’s airline/hotel programs.
You can also transfer points to Chase business Ink cards like Ink Plus and Ink Cash where you can transfer from there to other business owner’s cards and/or programs.
Transfer partners include:
–United (Star Alliance) is an excellent currency. They never charge fuel surcharges, they allow one-way awards for half the mileage, they have short-haul awards for 10,000 miles, they often run discounted award promotions, they allow for an “excursionist perk“, and they have dozens of partners to fly on, most of which can be booked on their website.
–British Airways (OneWorld) is awesome for short-haul awards, though partner American has been stingy with award space of late. Awards start from just 4.5K miles. Flights to Israel on Air Berlin are just 60,000 miles round-trip with no fuel surcharges. They allow one-way awards for half the mileage. There are no close-in or expedite fees. You can cancel an award for as little as $5.60. Infants are only charged 10% of the miles on international trips instead of 10% of the full fare like US carriers charge. Plus they don’t collect fuel surcharges on American within the western hemisphere, on Qantas from or within Australia, on Air Berlin, Aer Lingus, Alaska, or LAN and you can transfer points to Iberia to limit fuel surcharges there as well.
You can read more in this post on everything you need to know about BA Avios. And you can see 110 places you can go to nonstop from NYC with Avios.
–Korean (Skyteam) offers unbeatable first class availability (A380 First Class Trip Report here) and they also have true bargains on partner travel, just 30,000 miles to fly round-trip on Hawaiian or Alaska to Hawaii in coach or 60,000 miles in first. And it’s just 20,000 miles to fly to Alaska in coach or 40,000 miles in first. You can even get a free stopover on the way to or in Alaska! If you can find Delta saver availability you can fly to Hawaii round-trip for just 25,000 miles in coach or 45,000 miles in business.
–Air France/KLM Flying Blue (Skyteam) offers promo awards from rotating North American cities to Europe, Israel, and Russia from just 12,500 miles each way. Regular awards to Israel are just 25K miles each way, though some fuel surcharges apply on most airlines except for Delta.
–Singapore (Star Alliance) offers private walled-in first class suites that can only be booked with their miles. A suite one-way from JFK to Europe is 57,375 miles. Travel to the US48, Hawaii, Alaska, Europe, and Israel can all be had on the cheap. There are no close-in booking fees and changes and cancellations are very cheap. Fuel surcharges apply when flying on most airlines besides United. More info here.
–Southwest offers a value of about 1.7 cents per point towards award travel, though that rate can now vary. Plus you get 2 free checked bags, free flight changes or flight cancellations. and you can even get a point refund if the price of your flight goes down.
–Virgin Atlantic has some niche uses with awards on Delta.
–Hyatt is a very powerful hotel currency. They have a cash and points option that offers some excellent values and more importantly those stays earn points, elite stay credits, promo credits, and you can use suite upgrades on cash and point stays as well. It remains far less expensive for high-end hotel stays than any other hotel program.
You can also funnel points through Hyatt to Southwest to qualify for a free Southwest Companion Pass which gives you a free companion every time you pay for or redeem for a free ticket.
-You can also transfer points to Marriott, Ritz Carlton, and IHG.
Generally speaking you’ll want to use the 1.5 cents per point option when redeeming for round-trip coach tickets booked in advance. You’ll generally want to transfer to miles for business class, first class, last minute and one-way coach awards. You’ll be better off with 1.5 cents per points for IHG and Marriott hotels, but Hyatt points can often be worth more than 1.5 cents each, so you’ll want to transfer points to Hyatt in those cases.
Will you be signing up for Sapphire Reserve? Hit the comments!