Chase Saphire for MF $300 credit

[Quilter]

Took care of it today. Thanks again for the info

 

[DCBoy]

I got the Chase Sapphire Reserve card about a month ago and love the benefits. But I'm still confused on one point regarding using it to the max verses the Marriott card since I have gold status. Am I better in the long run using the Marriott card for Marriott hotel stays and accruing Marriott points or should I now use the CSR card and accrue UR points instead?

Thanks,
Doug B

 

[BigMac]

Just want to point out that you need to be a little careful on the timing of the initial $300 charge in order to get the credit this year. You likely can't wait until the very end of December (depending on your statement cut off date) to make your initial $300 travel charge. The fine print reads like this....



I read that to mean if as an example, your statement end date is on the 12th of every month, your "first December statement date" would be the December 12th statement....so anything charged after that would fall into the $300 credit applicable to the next year. Unless I am misreading that language.

Glad you caught this. I was incorrectly thinking any charges made by December 31st could be credited. So I just got the card and it had a payment due date of December 7th which would mean a cutoff date of about November 10th. This wasn't going to give me enough time to have $300 of travel charges. I just called the card rep and asked that the due date be extended to December 24th. They said no problem and confirmed back to me that the new cutoff date would be November 27th. They also confirmed that any 'travel" charges made by that date would get this years credit.

 

[Fasttr]

Glad you caught this. I was incorrectly thinking any charges made by December 31st could be credited. So I just got the card and it had a payment due date of December 7th which would mean a cutoff date of about November 10th. This wasn't going to give me enough time to have $300 of travel charges. I just called the card rep and asked that the due date be extended to December 24th. They said no problem and confirmed back to me that the new cutoff date would be November 27th. They also confirmed that any 'travel" charges made by that date would get this years credit.

Well played!!!

 

[VacationForever]

The $300 credit posts almost the same day as the charge posts

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Me too. I charged $300 to my Marriott MF and the $300 credit got posted the same day. No statement yet nor due date. Just regular posting / log of charges and credit.

 

[BigMac]

I got the Chase Sapphire Reserve card about a month ago and love the benefits. But I'm still confused on one point regarding using it to the max verses the Marriott card since I have gold status. Am I better in the long run using the Marriott card for Marriott hotel stays and accruing Marriott points or should I now use the CSR card and accrue UR points instead?

Thanks,
Doug B

I also have Marriott gold status and also just got the CSR card and the Marriott Rewards card. For me, as long as MR points are going toward some meaningful award level within Marriott that you would use, then for me 5 MR points are more useful than 3 CSR points.

 

[mdurette]

I got the Chase Sapphire Reserve card about a month ago and love the benefits. But I'm still confused on one point regarding using it to the max verses the Marriott card since I have gold status. Am I better in the long run using the Marriott card for Marriott hotel stays and accruing Marriott points or should I now use the CSR card and accrue UR points instead?

Thanks,
Doug B

I guess it would depend on what you are trying to maximize. If you are looking to build your Marriott account, the stick with your Marriott card at 5X. If you are looking to build say for flights somewhere that you don't have a card for that airline, then use the UR cards for 3X.

I'm flip flopping between Marriott, UR and Southwest. My goal is to build up the MR account for a travel package. I'm using the Marriott card for most day to day purchases, but swapping over to UR for non Marriott travel and dining.

 

[dioxide45]

Glad you caught this. I was incorrectly thinking any charges made by December 31st could be credited. So I just got the card and it had a payment due date of December 7th which would mean a cutoff date of about November 10th. This wasn't going to give me enough time to have $300 of travel charges. I just called the card rep and asked that the due date be extended to December 24th. They said no problem and confirmed back to me that the new cutoff date would be November 27th. They also confirmed that any 'travel" charges made by that date would get this years credit.

Wouldn't you have been better to keep the Dec 7 due date? That would have meant your first statement run in December should have been about the 12th or 13th. Now you only have until 11/27 to make your $300 spend where before you would have had until 12/12. The date is based on your statement date, not your due date. It was "through the first December statement date of that same year". Which means travel charges posted to the December statement are included in that year's travel credit.

 

[Fasttr]

Wouldn't you have been better to keep the Dec 7 due date? That would have meant your first statement run in December should have been about the 12th or 13th. Now you only have until 11/27 to make your $300 spend where before you would have had until 12/12. The date is based on your statement date, not your due date. It was "through the first December statement date of that same year". Which means travel charges posted to the December statement are included in that year's travel credit.

I think he would get another statement in December with a cutoff of Dec 27th wouldn't he? Based on that assumption, I think he did buy himself more time.

 

[dioxide45]

I think he would get another statement in December with a cutoff of Dec 27th wouldn't he? Based on that assumption, I think he did buy himself more time.

I don't think so. WIth DWs Chase card, her payment is due on the 27th and the statement runs on the 3rd. If that holds true for their other cards, a Dec 27 payment would result in a Jan 3rd next statement run.

 

[Fasttr]

I don't think so. WIth DWs Chase card, her payment is due on the 27th and the statement runs on the 3rd. If that holds true for their other cards, a Dec 27 payment would result in a Jan 3rd next statement run.

He said the due date was extended to 12/24. So based on that, and what you are saying above, seems like he would get a December statement with a end date in the last few days of December, No?? I believe he confirmed a 11/27 statement end date, so why not another one with end date of 12/27?

 

[VacationForever]

He said the due date was extended to 12/24. So based on that, and what you are saying above, seems like he would get a December statement with a end date in the last few days of December, No?? I believe he confirmed a 11/27 statement end date, so why not another one with end date of 12/27?

Why would one not just charge $300 right now? The $300 credit is given within a day.

 

[Fasttr]

Why would one not just charge $300 right now? The $300 credit is given within a day.

That works if you have some travel expenses to charge today...but if you plan to use it on hotel or airfare that you are not booking until mid December for whatever reason, your approach no longer works.

 

[VacationForever]

That works if you have some travel expenses to charge today...but if you plan to use it on hotel or airfare that you are not booking until mid December for whatever reason, your approach no longer works.

Got you. I was thinking most MFs are currently billed....

 

[tschwa2]

I was thinking the same. Almost everyone here has at least $600 in MF especially when you add in II or RCI fees. Many of the resorts have MF's due January 1 or later. For the most part you can prepay $300 now and the remaining wait until closer to due date which would be after the cut off date for 2017 credit.

 

[Fasttr]

I was thinking the same. Almost everyone here has at least $600 in MF especially when you add in II or RCI fees. Many of the resorts have MF's due January 1 or later. For the most part you can prepay $300 now and the remaining wait until closer to due date which would be after the cut off date for 2017 credit.

Using me as an example....I could have done that, but I prefer to use my Marriott Credit Card to get the MR points multiple for Marriott related charges (which MF's are). I was waiting until I had some work related airfare to book, which fortunately fell into my lap just today, so I get in essence a "free" $300 back from Chase, for something I didn't even pay for personally (reimbursed from work)...and I still get to use my Marriott Chase card for my MF's. We all approach this stuff a little differently....always trying to maximize the value which can be different for each of us.

 

[BigMac]

same with me I want to use my MR card for my MF's to get 5 points/$. I think I now have to December 27th to use the SR card for $300 of other travel.

 

[steve b]

Why not use your Starwood Amex card for Marriott maintenance fees and get 2 point per dollar and then transfer to marriott to get a total of 6 points per dollare of maintenance fee payments?

 

[timtax]

Very interesting that I received the travel credit for my EZPass replenishment charge on my monthly bill. No real travel costs required to get the credit on the annual fee. Very happy.

 

[VacationForever]

When is the annual fee billed? The $450 charge showed up immediately on mine. My husband's CC account is still not showing up after 3 weeks. We applied at the same time.

 

[mdurette]

Very interesting that I received the travel credit for my EZPass replenishment charge on my monthly bill. No real travel costs required to get the credit on the annual fee. Very happy.

Q. What types of merchants are in the 'travel' category?

• A. Merchants in the travel category include airlines, hotels, motels, timeshares, car rental agencies, cruise lines, travel agencies, discount travel sites, campgrounds and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages.

I caught this the other day when looking up something on UR FAQs. I wouldn't have thought about day to day personal "travel" expenses like parking lots, tolls, taxis, etc.

 

[samara64]

It is just a nice card that Chase is loosing around $300 Millions this quarter on it. My Wife will apply for our 2nd card tonight.

https://www.bloomberg.com/news/arti...d-cuts-profit-by-up-to-300-million-in-quarter

 

[VacationForever]

It is just a nice card that Chase is loosing around $300 Millions this quarter on it. My Wife will apply for our 2nd card tonight.

https://www.bloomberg.com/news/arti...d-cuts-profit-by-up-to-300-million-in-quarter

Cut profits is not the same as losing money...

 

[dioxide45]

Cut profits is not the same as losing money...

The same article indicates they expect it to take five and a half years for them to break even on the Sapphire Reserve product. So, in the early years of the product, that product will lose money.

 

[VacationForever]

The same article indicates they expect it to take five and a half years for them to break even on the Sapphire Reserve product. So, in the early years of the product, that product will lose money.

Chase credit card is losing money with the launch... but Chase/JP Morgan is still extremely profitable...