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Chase Sapphire Reserve® Travel Credit: An easy $300 toward most travel

Chase Sapphire Reserve® card art
Chase Sapphire Reserve®

The Chase Sapphire Reserve® comes with an annual $300 travel credit that you get automatically when you charge travel expenses to the card. For most Sapphire Reserve cardmembers, the $300 travel credit goes a long way toward offsetting the card’s $550 annual fee.

Here’s everything you need to know about the $300 travel credit on the Chase Sapphire Reserve.

Which travel charges counts for the Chase Sapphire Reserve® travel credit?

The Chase Sapphire Reserve® travel credit will can reimburse most of the major expenses you’ll incur for getting to your destination, your overnight stay, local transportation, plus cruises and booking travel. Here are the expenses that are eligible to be reimbursed with the Sapphire Reserve $300 travel credit.

CruisesCruise lines
Stays Hotels, motels, timeshares, campgrounds,
Local transportation
Car rental agencies, passenger trains, busses, taxis, limousines, ferries, toll bridges and highways, parking lots and garages.
Booking travel Travel agencies, discount travel sites
Expenses eligible for the $300 Sapphire Reserve travel credit

Anything not on the list above is not eligible for the $300 Sapphire Reserve travel credit. Chases notes that many travel-related services that may be provided by similar merchants, in a hotel, or onboard an airplane do not qualify for the credit. Some examples include: real estate agents, educational merchants arranging travel, in-flight goods and services, on-board cruise line goods and services, sightseeing activities, excursions, tourist attractions, RV and boat rentals, merchants within hotels and airports, public campgrounds and merchants that rent vehicles for the purpose of hauling.

Gift card purchases, or purchases from merchants that sell points and miles are also not eligible for the travel reimbursement.

When do you get the credit? When does it reset?

The $300 Chase Sapphire Reserve® travel credit is awarded based on your cardmember anniversary year. This means that you become eligible for a new credit (and any unused credits expire) on the day you originally opened your card each year.

For example, if you opened your card on February 22, 2024, you would have until February 21, 2025 to use your travel credit. Starting February 22, 2025 you would be eligible for another $300 travel credit, which you would have until February 21, 2026 to use.

If you have a Sapphire Reserve and applied prior to May 21, 2017, you receive your credit based on your December statement closing date.

How to use the Chase Sapphire Reserve travel credit

Using the Chase Sapphire Reserve travel credit is simple—just pay for eligible travel expenses with your card. Once an eligible travel charge posts to your account, you’ll see a credit on your account labeled as “Travel Credit $300/Year” when you look at your account activity online.

Travel credits post to offset each travel charge, not as a single $300 lump sum. If you have multiple small travel expenses, you’ll see smaller credits on your account for each travel charge. And you may see a partial credit if your travel charge exceeds your remaining credit amount. For example, if you charge a $20 Lyft ride, a $150 airfare, and a $200 hotel stay, you’ll see credits of $20, $150, and $130 post to your account.

Note that credits are awarded based on the transaction post date. This may be a few days after the charge is processed, depending on how quickly the merchant and banks process the charge.

How to check how much travel credit you have left

To check how much of your $300 annual travel credit you’ve used, sign in to your Chase account and head to the Ultimate Rewards portal for you Chase Sapphire Reserve card account. On the home panel, you’ll see a section labeled “Annual travel credit.” There, you’ll find how much travel credit you have left:

  • Amount used: How much of the $300 credit you’ve used so far.
  • Reset month and year: When the credit automatically renews (usually on your card anniversary).

How much is the $300 travel credit worth?

Most Chase Sapphire Reserve® cardmembers will spend at least $300 on travel during the year and capture the full value of the travel credit. However, the value is almost certainly less than $300. When valuing credit card perks, I try to ask myself, what I would pay for the perk, in cash, in advance.

How much you might pay in advance for a $300 travel credit will be different than what I might pay. But looking at gift card markets can provide a good proxy for what many people would reasonably pay for something like a travel credit. When this article was published, airline, hotel, and online travel agency gift cards were selling for a 1%-5% discount. Add another 3% to account for the rewards that you won’t earn on your credited travel purchases and we get a conservative 8% discount off the face value.

If we discount 8% from the face value of the credit, we get a value of $276 annually for the $300 travel credit.

Bottom line

The Chase Sapphire Reserve® offers an annual $300 travel credit good for most of the expenses you might incur while traveling, including airfares, hotel stays, local transportation and more. If the Sapphire Reserve is right for you, chances are you’re going to easily get the full value out of this credit.

Chase Sapphire Reserve® card art

Learn how to apply.
Annual fee: annual_fees

Chase Sapphire Reserve® sign-up bonus


Business as usual welcome bonus.

More about this card

Benefit highlights:
$300 annual travel credit.
Complimentary airport lounge access.
Best-in-class travel insurance protections.
No foreign transaction fees.
Purchase protection.
Return protection.
Extended warranty.

10x on hotel stays purchased through Chase Travel℠
5x on flights purchased through Chase Travel℠
3x at restaurants, including eligible takeout and delivery services.
3x on other travel, worldwide.
1x on other purchases
Rewards are earned as Ultimate Rewards® points.

Learn more:
Learn more about Chase Ultimate Rewards®.
See the best Ultimate Rewards welcome bonuses.

Frequently asked questions

Who do I call with questions about my travel credit?

You can call Chase Sapphire Reserve® customer service on the number on the back of your card.

Is the Chase Sapphire Reserve® travel credit automatic?

Yes. The credit is automatically applied when an eligible charge posts to your account.

Read more about the Chase Sapphire Reserve® card

About the author

  • Aaron Hurd

    Aaron Hurd is a credit card, travel rewards, and loyalty program expert. Over the past 15 years, he has authored over a thousand expert contributions published by leading outlets including WSJ, TIME, Newsweek, Forbes, NerdWallet, The Points Guy, Bankrate, CNET, and many others. He has also served in consulting roles for many of these same outlets, designing content strategy, hiring teams of teams of editors and contributors, developing thought-leadership pieces, and ghost-editing for senior editors. Aaron is well-known in the miles and points community and regularly presents about travel rewards at conferences like the Chicago Seminars and Minnebar. Aaron has enjoyed the game of optimizing credit card rewards since getting his first credit card shortly after he turned 18. He started learning about credit cards and travel rewards from the (now defunct) FatWallet Finance forums and FlyerTalk. He holds more than 40 open credit cards and has first-hand experience with almost every major credit card product.

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