Last summer, Chase rolled out a revamped Sapphire Reserve card with a headline-grabbing limited-time offer: a one-time $500 Chase Travel promo credit for new cardholders. If you signed up during that window, you could still have hundreds of dollars in travel credit waiting to be used—don’t let it go to waste!
Our Take
Good news for 2023 Sapphire Reserve applicants. This $500 travel credit was a rare, high-value perk that we haven’t seen since. If you applied last summer, this is essentially free money for your next trip—but only if you remember to use it before it expires.
What Changed
- Last summer’s Sapphire Reserve relaunch included a one-time $500 Chase Travel promo credit for new cardholders.
- This credit was in addition to the standard annual $300 travel credit.
- The $500 credit was only available to those who applied during the limited-time offer window (summer 2023).
- The credit is usable only through Chase Travel℠ bookings.
Who Benefits Most
- New Sapphire Reserve cardholders from summer 2023: If you opened your card during the promo, you’re eligible for the $500 credit—worth a real $500 in travel booked via Chase.
- Frequent travelers: Book a $1,000 flight or hotel through Chase Travel and pay just $500 out of pocket.
- Families planning summer vacations: Combine the $500 promo credit with the standard $300 annual travel credit for up to $800 off your trip.
- Points maximizers: Stack the $500 credit with Ultimate Rewards points for even bigger savings—at our 2.05¢/point valuation, 10,000 points = $205 off.
Who Should Be Cautious
- Cardholders who applied before or after the promo window: If you didn’t get the card last summer, you’re not eligible for this $500 credit.
- Travelers who book outside Chase Travel: The credit only works for bookings made directly through Chase Travel—third-party or direct bookings won’t trigger it.
- Those who forget to use the credit: If you don’t use the $500 credit before it expires, you lose it for good.
What To Do Right Now
- Log in to your Chase account and check your Sapphire Reserve benefits for the $500 Chase Travel promo credit.
- Confirm your eligibility: Only cardholders who applied during the summer 2023 promo qualify.
- Plan your travel: Book flights, hotels, or car rentals through Chase Travel to use the credit.
- Use the credit before it expires—once it’s gone, it’s gone for good.
- Combine with your $300 annual travel credit for maximum value.
