Chase Sapphire Reserve’s minimum spending requirement for its initial rewards bonus is $4,000 in the first 3 months the account is open. This spending requirement is higher than that of most other rewards credit cards, but the card is meant for big spenders.
It’s important to note that there are several types of transactions that don’t count toward the Chase Sapphire Reserve minimum spend. For example, cash advances, balance transfers and fees won’t count. Nor will lottery tickets or gambling, money orders, interest, or unauthorized/fraudulent charges, among a few other things. Once you meet the minimum spending requirement, it could take up to 8 weeks for the bonus points to show up in your account.
No, annual fees do not count towards the minimum spending requirement on a credit card for bonus rewards. Paying other fees, such as those for balance transfers and cash advances, doesn’t count toward a card’s minimum spend, either.
Many credit cards have sign-up bonuses for new cardholders who spend a certain amount on purchases during a specified timeframe. For example, you might get $500 for spending $3,000 in your first 3 months. But that minimum spend is for purchases, and paying your card’s annual fee doesn’t count. Credit cards’ terms and conditions are very specific about this. They leave little room for interpretation.… read full answer
Paying a credit card’s annual fee does count toward another type of minimum spending requirement, though. Sometimes, credit card companies will close your account if you don’t make a purchase or bill payment for a long period of time. If a card has an annual fee, it is automatically billed to your account once every 12 months. In general, issuers will keep your account active as long as you pay the annual fee.
Transactions that don’t count toward minimum spending requirements:
Yes, Chase Sapphire Reserve Airbnb purchases count as travel, which means you get 3 points / $1 spent. Chase is pretty liberal with their definition of travel, so a lot of things you might not think count actually do – including services like Airbnb, HomeAway, VRBO, Uber and Lyft. The only downside is that you won’t necessarily be able to redeem your rewards points to book those services, so you’ll have to spend them on other travel purchases.… read full answer
Here’s how Chase Sapphire Reserve Airbnb rewards work:
Airbnb stays count as travel so they get you 3 points / $1 spent. The same thing applies to its competitors such as HomeAway and VRBO. Other options may count, too. It depends on whether the merchant codes itself as "travel".
You can’t book Airbnb stays through Chase Ultimate Rewards. So you’ll have to redeem the points you earn on such purchases for something else.
You can use your Ultimate Rewards points to buy Airbnb gift cards (when available through the online portal), but it’s not a great deal. You only get 1 cent per point when redeeming for cash back or gift cards, while booking travel through Chase gets you 1.5 cents per point. That means Chase Sapphire Reserve’s 60,000 point initial bonus (received for spending $4,000 within the first 3 months) is worth more when redeemed for Chase travel options than Airbnb gift cards.
So the best option, if you’re a frequent Airbnb customer, is to pay for Airbnb reservations with Chase Sapphire Reserve, earn 3 points / $1 spent in the process, and then redeem those points for other types of travel accommodations that you can book through Chase Ultimate Rewards. They include flights, cruises, car rentals, etc., so there’s plenty of versatility. Another option worth considering for Airbnb purchases is Capital One Venture Rewards Credit Card. It earns you 2 miles per $1 on every purchase. And it offers 100,000 miles for spending $20,000 in the first 12 months or 50,000 miles for spending $3,000 in the first 3 months. Each point is worth 1 cent when redeemed as travel statement credit for past travel purchases, including Airbnb.
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