Merry Christmas!! It was nice to see the $300 for travel expenses reset for the year even before 2016 was up. I looked into it and chase defines the $300 credit will reset:
$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 $300 in statement credits annually (“annually” means the year beginning with your account open date through the first December statement date of that same year, and each 12 billing cycles starting after your December statement date through the following December statement date).
My first statement went from 11/08/16 – 11/24/16 payment due 12/21/16. I had my first reimbursed charge on 10 November and my last on 17 November. My second statement goes from 11/25/16 – 12/24/16 and today when it closed I got a refresh on my $300. Now I have until December 2017 to spend the other $300 on travel.
The Annual Travel Credit will be issued for the year in which the transaction posts to your account, through your December statement date. For example, if you pay for baggage fees, but the airline does not post the transaction until after your December statement date, the cost of the baggage fees will be allocated towards the following year’s Annual Travel Credit maximum of $300.
Now the annual fee of $450 is charged every November, if I spend the $300 before the second charge hits then I am free to downgrade my card to a chase freedom unlimited with no annual fee. I essentially made $150 in fee reimbursements as well as gotten $1,500 in free travel with the 100,ooo UR point bonus. So I am up $1,650 with my little taste of Chase Sapphire Reserve.
Keep in mind Chase does not waive for military unless of course you had the account before you joined.
For those on the fence, try to always straddle both years in October and November to get the double reimbursement and get hit with a single annual fee, Don’t wait till December as your first statement will not allow you to have the annual $300 bonus to reset.