CSR $300 credit details

Anonymous · ‎10-23-2016

I'm considering applying for the CSR before the end of the year to get 2x$300 credits plus the bonus within my first few months. I just want to confirm that this will work:

1. Get card before end of year

2. In December, purchase some travel stuff for a trip in 2017.

3. In December, apply the $300 credit to those items.

4. In January, receive new $300 credit.

5. Spend on travel, apply new credit.

6. Receive bonus, use it.

7. Decide whether to keep the card before AF comes again.

Of course this is all assuming I would be approved, but I want to plan it right anyway. I'm at 4/24, and I expect my scores to improve a bit in the next few weeks.

Oh, also, does anyone have an up to date list of pulls for the CSR? I'm hoping they won't pull EQ in PA.

grillandwinemaster · ‎10-23-2016

I can't imagine Chase giving you two back to back $300 credits without you having 12 months in between. I doubt there basing the credits on a calendar year vs your account anniversary year.

But I'm just speculating here as I don't have hard evidence...

Best credit wishes to you!

Current Scores 3/2016 Equifax 676 Transunion 697 Experian 648 Goal Scores: 720's accross the board. Gardening Goal: 3/2017

Anonymous · ‎10-23-2016

@grillandwinemaster wrote:
I can't imagine Chase giving you two back to back $300 credits without you having 12 months in between. I doubt there basing the credits on a calendar year vs your account anniversary year.

But I'm just speculating here as I don't have hard evidence...

Best credit wishes to you!

I had read multiple places that is was indeed calendar year. And I just found this, which seems to confirm my plan will work:
http://dealswelike.boardingarea.com/2016/09/01/chase-sapphire-reserve-300-travel-credit-work/

noobody · ‎10-23-2016

It IS based on calendar year when statement is generated
You have to make enough travel charge on Nov, so you will get 300 credit automatically on December statement.
Next year, you will have 10 month to get another 300 before AF post.
BUT, it you do this and cancel the card before 2nd AF, I bet Chase will remember it.

EX819 1HP|TU797 1HP| EQ(Fico8 BankCard)841

Anonymous · ‎10-23-2016

@noobody wrote:
It IS based on calendar year when statement is generated
You have to make enough travel charge on Nov, so you will get 300 credit automatically on December statement.
Next year, you will have 10 month to get another 300 before AF post.
BUT, it you do this and cancel the card before 2nd AF, I bet Chase will remember it.

Thanks. Yeah, I'm sure they will remember. I think it will make sense for me to keep it. With my current spend, it works out to roughly break even, but honestly I'm looking for a travel card to encourage myself to travel more and not hoard quite so much into savings, so it'll likely work out.

noobody · ‎10-23-2016

I think the blog is wrong, travel credit is NOT based on purchase date, rather based on statement date.

If you apply today, your 1st statement will be generated in December, which will show 100K bonus and travel credit if you make qualified purchase.

If you apply several weeks from now, you will get your 1st statement in January 2017.

But there is always 2018, we hope. haha

EX819 1HP|TU797 1HP| EQ(Fico8 BankCard)841

Anonymous · ‎10-23-2016

@noobody wrote:
I think the blog is wrong, travel credit is NOT based on purchase date, rather based on statement date.

If you apply today, your 1st statement will be generated in December, which will show 100K bonus and travel credit if you make qualified purchase.

If you apply several weeks from now, you will get your 1st statement in January 2017.

But there is always 2018, we hope. haha

I agree. I think the blog is wrong on the dates. I'd have to do it within the next few days.

Anonymous · ‎10-23-2016

@noobody wrote:
It IS based on calendar year when statement is generated
You have to make enough travel charge on Nov, so you will get 300 credit automatically on December statement.
Next year, you will have 10 month to get another 300 before AF post.
BUT, it you do this and cancel the card before 2nd AF, I bet Chase will remember it.

>You have to make enough travel charge on Nov, so you will get 300 credit automatically on December statement.

Any thing that codes as travel (incl hotels, taxis, airbnb, ubers, some tolls, etc) will be credited back on a per transaction basis until the $300 cap is reached. It doesn't have to be one $300 purchase nor does the $300 have to be reached before the credit is applied.

>Next year, you will have 10 month to get another 300 before AF post.

It's calendar year, not card anniversary years. So, 12 months beginning with the statement in January. If it takes 12 months to get $300 in travel spend though, the CSR might not be the right card.

LuckyBird · ‎10-23-2016

No, the travel credit posts as soon as the travel transactions do. I got this card at the end of August and booked a hotel stay within the first few days of receiving the card. The charge was pending for a couple of days but as soon as it posted, the $300 travel credit posted right along with it on the same day, September 9. My first statement was generated on September 15.

Anonymous · ‎10-23-2016

@LuckyBird wrote:
No, the travel credit posts as soon as the travel transactions do. I got this card at the end of August and booked a hotel stay within the first few days of receiving the card. The charge was pending for a couple of days but as soon as it posted, the $300 travel credit posted right along with it on the same day, September 9. My first statement was generated on September 15.

Awesome! Thank you for confirming that. I have three fraud inquiries coming off, a newly-zero balance card statement closing, and a big loan payment reporting all in the next few days, and it seems like they won't pull EQ on me, so this could work out for me.