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Offsetting the Chase Sapphire Reserve’s Annual Fee

Earlier this year, I wrote about getting rejected for the Chase Sapphire Reserve card and its bonus that I’ve since started calling the “Mother of All Credit Card Bonuses” because of having too many recent accounts opened in my name.  Luckily, however, my wife was able to get this card because she had not run afoul of the infamous 5/24 rule that Chase has instituted.

This led to our getting enough bonus points to book a round-trip flight with stops in four European cities on United Airlines for only $165–and most of the points came from this one signup bonus of 100,000 Ultimate Rewards points. The Chase Sapphire Reserve is one of the top five travel credit cards for 2017, but the Chase Sapphire Reserve annual fee is quite high.

The big downer for the Chase Sapphire Reserve, however, is the massive $450 annual fee. This would cause many people to take pause. If you time your application and travel purchases right, you can also do much to alleviate this annual fee. You can actually get a $300 credit for travel each calendar year (defined by the statement end date). This means that you could possibly actually earn $150 in free travel for the first year you have the card, in addition to the huge sign-up bonus. I was running down to the wire, but as the article linked above regarding booking our tour of Europe noted, I still had to book a flight from Prague to Lisbon.

How I Offset The Chase Sapphire Reserve Annual Fee

I searched on Expedia.com for flights and the date that I wanted because the aggregator shows just about any flight that you can take on any airline. For a bit, the best price on this trip was a $127 direct flight on TAM Airlines, a Portuguese carrier. Just a couple of weeks ago I ran the search again, and a $95.50 flight on Czech Airlines came up. I snagged it and dutifully used both my wife’s and my Delta  Skymiles frequent flyer numbers in the process. I’m not a huge Delta loyalist, but I try to get every single mile or point

I can and I figure that I’ll be flying Delta at some point in the future for one of the trips that I have planned after 2017. It took awhile for the charge to go through, but when it did, it automatically refunded.  Furthermore, while doing a bit of traveling to visit family for Christmas, I had to stop at a hotel. Thanks to the remainder of the $300 credit, I paid a whopping $6 for the night, all while earning some Marriott Rewards points in the process.  Here’s a graph that shows we completed the credit for 2016.

Chase Sapphire Reserve Travel Credit of $300

I’ll have to stop at a hotel on the way back. Marriott will be the chain of choice, because one more stay before January 15 will result in the regular points for the stay, a credit for the night since the $300 calendar year rebate clock will start over again, and 5,000 bonus points that are a part of Marriott’s Fall MegaBonus. That’s what I call stacking rewards that are beneficial to my both my bank account and my rewards account. How have you been able stack rewards like this? Let me know in the comments.