If you have a Chase Sapphire Reserve, which in my opinion is the leading travel card right now, they are making a BIG change that is clearly designed to cut down on a loophole exploited by “churners.”
According to Doctor of Credit, and supported in his post with a picture from the application, if you apply on or after May 21, 2017, you will receive your $300 travel credit on a rolling “membership year” rather than on a calendar year basis as you get now.
Why is this a big deal? Because in the current system, you can apply today and get a $300 travel credit in 2017 and then get ANOTHER travel credit in 2018 before your card anniversary – and then close the card paying only one year’s annual fee.
Of course this “feature” is widely blogged about and clearly Chase realized that allowing someone to get $600 in travel credit for one $450 annual fee is “negative math.”
If you are the sort of person they are looking to shut out, you have until the 20th.
This should save Chase a lot of money and, I have to say, is a good move for them.
Will this affect you? Let’s discuss on the MilesTalk Facebook Group
